Topics

Apr 16, 2015

Global surge reported in people opening first bank accounts

Africans using cellphones, older Chinese, and Indians getting a push from their government have fueled an unprecedented surge of people opening their first bank accounts. The number people with an account — either on mobile phones or at bank branches — jumped by 700 ...

First-quarter surge sends Netflix membership above 60 million

Apr 16, 2015

First-quarter surge sends Netflix membership above 60 million

Netflix on Wednesday reported an unprecedented jump in subscribers in the first quarter of this year, pushing the streaming television service membership above 60 million. Milestones included passing the 40-million member mark in the United States and the 20-million mark internationally, pushing the number ...

Apr 16, 2015

IMF warns of higher debt-GDP ratio in Japan

The International Monetary Fund warned Wednesday that the ratio of Japan’s government debts to its gross domestic product is expected to rise to 250 percent by 2020 if the country maintains its current fiscal policy. In its latest Fiscal Monitor report, the IMF also ...

Apr 15, 2015

OECD urges Japan to implement bold structural reforms

The Organization for Economic Cooperation and Development urged Japan on Wednesday to implement bold structural reforms to boost economic growth and map out a “credible” plan to restore its precarious fiscal health. Noting that the nation’s aging population is likely to weigh on economic ...

Apr 15, 2015

Norway among 57 founding members of new China-led bank

A total of 57 countries have been approved as founding members of the Asian Infrastructure Investment Bank, China, which proposed the initiative, said Wednesday, including Norway, despite relations being in a diplomatic deep freeze since a Chinese dissident won the Nobel Peace Prize. No ...

Soccer still a refuge for BOJ staff

Apr 15, 2015

Soccer still a refuge for BOJ staff

by Toru Fujioka and Masahiro Hidaka

The Bank of Japan officials huddle: they’re planning a counterattack. It’s half-time, on a balmy Saturday afternoon in October on a soccer field in Machida, western Tokyo, and the central bank’s team has just seen their 1-0 lead vanish with an equalizer by Japan ...

Convenience stores look to take bite out of doughnut market

Apr 15, 2015

Convenience stores look to take bite out of doughnut market

Major convenience store chains are stepping up their fight for a bite of the doughnut market, following Seven-Eleven Japan Co.’s pioneering move to launch the snacks last autumn. Lawson Inc. has introduced doughnuts at 600 of its domestic outlets, priced at ¥100 apiece. Heartened ...