With IMF recognition, reform now key for yuan

| Dec 1, 2015

With IMF recognition, reform now key for yuan

The International Monetary Fund’s recognition of China’s currency is a step toward encouraging its global use, but banks will remain reluctant to hold yuan unless Beijing pushes deeper financial reforms, analysts say. The Washington-based institution on Monday welcomed the yuan into its elite reserve ...

Japan's government urged to cut doctor fees, drug costs

Nov 24, 2015

Japan's government urged to cut doctor fees, drug costs

A Finance Ministry panel on Tuesday urged the government to limit increases in social security expenses in fiscal 2016 as the state tries to rein in the costs of a graying society. “We’d like to call for limiting the increase for the ‘graying factor’ ...

Nov 13, 2015

Abe to tout economic measures at G-20 talks

Prime Minister Shinzo Abe will promote the government’s measures to prop up the flagging economy, including overdue projects pushing structural reforms, at the G-20 meeting over the weekend, Japanese officials said. He will also explain his intention to enhance aid in the child-rearing and ...

Oct 24, 2015

Views mixed over BOJ easing after Aso's remarks

Finance Minister Taro Aso’s remarks Friday brushing aside an immediate need for additional monetary easing by the Bank of Japan helped create mixed views among financial market players over whether it will take action at its next policy-setting meeting, set for Friday. Expectations had ...

Oct 17, 2015

Aso says BOJ unlikely to expand easing for now

The central bank is unlikely to expand its unprecedented economic stimulus for now, Finance Minister Taro Aso said, citing a surplus of money in the economy and weak domestic demand. “At this point, the government is not thinking about anything like that, and probably ...

Oct 9, 2015

G-20 addresses global risks amid China slowdown

Finance chiefs from the Group of 20 industrialized countries on Thursday discussed the need to contain downside risks facing the global economy by enhancing domestic demand and expanding employment. The finance ministers and central bankers of Japan, China and South Korea, in a meeting ...

Aug 25, 2015

Aso says China policies stirring concerns in markets

After the yen surged the most since 1998 amid a deepening sell-off in global stocks, Finance Minister Taro Aso criticized China’s recent intervention in financial markets. “It’s not really the kind of action I would expect from authorities of a nation that aims to ...

Finance minister warns China on currency moves

Aug 21, 2015

Finance minister warns China on currency moves

Finance Minister Taro Aso said Friday that recent moves by China to allow its currency to depreciate are a concern and could pose problems for Tokyo. The Nikkei 225 average fell 3 percent to 19,435.83 on Friday, slipping below the psychological benchmark of 20,000 ...

Aug 7, 2015

G-7 finance chiefs to meet in Sendai in May 2016

The Group of Seven finance ministers’ meeting planned in the city of Sendai next year will be held on May 20 and 21, Finance Minister Taro Aso said Friday. “We would like to hold a heart-to-heart discussion in a relaxed atmosphere as the town ...