Dec 2, 2014

Japan's recession may be shallower than first thought

The third-quarter contraction that tipped Japan into recession may not be as sharp as first thought, with economists revising gross domestic product forecasts as the Lower House election campaign started Tuesday. The economy probably shrank an annualized 0.6 percent in the three months through ...

OECD downgrades growth forecast for Japan amid recession

Nov 26, 2014

OECD downgrades growth forecast for Japan amid recession

The OECD has downgraded its projections for Japan’s economic growth in 2014 and 2015, acknowledging that the country has slipped back into recession in the wake of the April 1 consumption tax hike. The international economic organization said in a report released Tuesday that ...

Nov 17, 2014

Business leaders are prepared to tax hike delay by Abe

The head of the nation’s largest business lobby said Monday it would accept a decision by Prime Minster Shinzo Abe to delay a second consumption tax hike. Sadayuki Sakakibara, who heads Keidanren, said at a news conference in Nagoya that the organization still believes ...

Nov 1, 2014

World stocks rally on BOJ action

Global stocks soared and U.S. markets powered to fresh records Friday after the Bank of Japan surprised investors with a sharp increase in its deflation-targeting stimulus operations. The policy switch, aimed at countering a slowdown in the Japanese economy so the central bank can ...

Oct 31, 2014

The strengthening U.S. growth reflects help from Fed

The U.S. economy powered its way to a solid annual growth rate of 3.5 percent from July through September, outpacing most of the developed world and appearing on track to extend its momentum through this year and beyond. The result is not a fluke. ...

Oct 31, 2014

Wall St. up on GDP, earnings; fund yearend lifts winners

U.S. stocks rose on Thursday, boosted by a strong reading on quarterly economic growth and by another round of upbeat earnings reports, including Visa, which accounted for nearly 140 points in the Dow industrials. Despite the bullish data and the Federal Reserve’s Wednesday statement ...

Oct 15, 2014

More than 82 million in poverty in China: official

More than 82 million people in China still live on less than about $1 a day, a senior official said, despite a decades-long boom that made it the world’s second-largest economy. China’s official poverty standard is an annual income of 2,300 yuan ($375), close ...

OECD chief tells Japan to go for second stage of sale tax hike

Oct 12, 2014

OECD chief tells Japan to go for second stage of sale tax hike

The Japanese government should decisively raise the consumption tax rate to 10 percent in October 2015 as planned to tackle its massive debts, Angel Gurria, secretary-general of the Organization for Economic Cooperation and Development, said. “When you have such a very large debt to ...

World ministers step up effort against Ebola

Oct 12, 2014

World ministers step up effort against Ebola

World financial leaders promised swift action against Ebola at the fall meeting of the IMF and World Bank on Saturday as countries across the world scrambled to stem the deadly outbreak, which U.N. officials warn is getting worse. Officials also pledged to act boldly ...