Feb 28, 2015

India pledges infrastructure spending to help economy 'fly'

India’s finance minister pledged major investment in infrastructure on Saturday, saying it was time for the economy to “fly,” as he unveiled the new right-wing government’s first full budget. Arun Jaitley said his government had inherited an economy dominated by “doom and gloom” when ...

Retail sales unexpectedly slump, in challenge to 'Abenomics'

Jan 29, 2015

Retail sales unexpectedly slump, in challenge to 'Abenomics'

Retail sales unexpectedly fell in December, underscoring challenges to Prime Minister Shinzo Abe’s effort to stoke a recovery in the world’s third-biggest economy. Sales slid 0.3 percent from November for a third straight monthly decline, the trade ministry said Thursday in Tokyo. That compared ...

China's economic growth sank to 24-year low in 2014: survey

Jan 18, 2015

China's economic growth sank to 24-year low in 2014: survey

China’s annual gross domestic product growth slowed to its weakest rate in more than two decades in 2014, according to an AFP survey, projecting further deceleration in the world’s second-largest economy this year. The median forecast in a poll of 15 economists saw the ...

Jan 13, 2015

BOJ may raise its fiscal 2015 growth projection

The Bank of Japan is considering raising its projection for the country’s economic growth for fiscal 2015, taking into account the postponement of an additional consumption tax hike and the favorable impact of falling oil prices, informed sources said Tuesday. The BOJ is scheduled ...

Tax revenues seen shrinking primary balance to ¥14 trillion

Jan 6, 2015

Tax revenues seen shrinking primary balance to ¥14 trillion

On the back of growth in tax revenue amid improvement in corporate profits, the deficit in Japan’s primary balance is expected to shrink to around ¥14 trillion in fiscal 2015 starting April 1, according to Finance Ministry sources. A fall in the deficit suggests ...

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 ...