Jun 30, 2014

World Bank's Kim optimistic about Abe's 'third arrow'

World Bank President Jim Yong Kim has voiced optimism about Japan’s revamped growth strategy, the “third arrow” in Prime Minister Shinzo Abe’s three-pillar economic policy package called “Abenomics.” Abe’s commitment to tackling “rock hard regulations” related to employment, agriculture and health care is a ...

Jun 28, 2014

Japanese spending might recover in September: World Bank chief

The head of the World Bank expects Japanese consumer spending to start recovering from the drop caused by the first stage of the consumption tax hike sometime around September, and voiced support for an investment bank for Asia as proposed by China. “What we’re ...

Nov 25, 2013

Japan urged to boost renewables development

The head of the World Bank urged Japan in a recent interview to develop more renewable energy sources while calling on emerging economies to get ready for a possible cutback in the U.S. central bank’s stimulus program. “Japan . . . now needs to ...

No country safe from social upheaval: Kim

Jul 1, 2013

No country safe from social upheaval: Kim

by Jeremy Tordjman

No country in the world is immune from unrest arising from poverty and inequality, according to World Bank President Jim Yong Kim. The protests in Brazil, Turkey, and elsewhere show that even governments that have made significant efforts already cannot let up in programs ...

World Bank head: Hike investment in Africa

Jun 4, 2013

World Bank head: Hike investment in Africa

World Bank President Jim Yong Kim expressed hope Monday that Japan will boost investment in Africa, which Prime Minister Shinzo Abe has highlighted as a key target market under the country’s economic growth strategy, the Finance Ministry said. During a 30-minute meeting with Finance ...