Jun 9, 2014

EU eyes using vice to boost economies

European governments are turning their attention to prostitution, drugs and contraband as possible ways of boosting their economic growth profiles, as they struggle away from their debt crises. Italy caused a stir when it announced last month that it would begin including revenues from ...

Jun 9, 2014

GDP up sharply in first quarter, toward 7% annual rate

Japan’s economy grew an annualized 6.7 percent in the first quarter of 2014 when adjusted for inflation, more than reported earlier because of an upwards revision in corporate capital spending, the government said Monday. Gross domestic product, the total value of goods and services ...

May 30, 2014

U.K. to count prostitution, drugs when measuring GDP

Sex please — we’re British. Britain’s Office of National Statistics said prostitution and the import, manufacture and consumption of illegal drugs will be counted when making the government’s quarterly calculations of gross domestic product. The statistics agency said Friday some of these activities are ...

May 22, 2014

Risks for the economy

Japan's gross domestic product for January-March increases by a higher-than-expected 1.5 percent from the previous quarter, driven partly by last-minute purchases by consumers ahead of the three-percentage-point hike in the consumption tax April 1.

Global economic recovery marred by inconsistencies

May 16, 2014

Global economic recovery marred by inconsistencies

The global economy is plodding ahead in fits and starts as the largest countries struggle to achieve consistent growth. Europe is faltering again. Japan is suddenly surging. China is cooling. The U.S. is strengthening. In the background, central banks are aiming to administer just ...

Apr 24, 2014

Biz tax cut would lift GDP: METI

Japan’s gross domestic product would likely grow by at least ¥7 trillion if the effective corporate tax rate were to fall by about 10 points from the current level of around 35 percent, the industry ministry said in a recent survey. The estimate comes ...

Fourth-quarter GDP cut to 0.7%

Mar 10, 2014

Fourth-quarter GDP cut to 0.7%

The nation’s economic growth was slower than initially estimated in the fourth quarter of calendar 2013, the government said in a revision Monday, adding to concern the economy may retreat at a faster pace after the April 1 consumption tax hike. The world’s third-largest ...