Mar 10, 2016

European Central Bank surprises with strong stimulus action

The European Central Bank cut all its main interest rates, expanded its bond-buying stimulus program, and offered new cheap loans to banks, making an unexpectedly aggressive effort to boost inflation and economic growth in the 19 countries that share the euro. The steps on ...

Nov 21, 2014

LDP, Komeito each finalize emergency stimulus package

The ruling Liberal Democratic Party and its junior partner, Komeito, have finalized their respective emergency economic stimulus packages, both centering on steps to bolster domestic demand that has been sluggish since the April 1 consumption tax hike. The packages include measures to invigorate regional ...

Aug 13, 2014

Homebuyers in Japan seen at risk amid floating-rate loan rush

Japanese homebuyers are piling into floating-rate mortgages, stirring debate over whether they are too complacent as Bank of Japan stimulus revives inflation. The proportion of home loans with adjustable rates climbed to 42.8 percent of Japan’s new lending in February, the highest since December, ...

Dec 16, 2013

GDP estimate to be raised to 1.3% for 2014

The government will forecast annual economic growth of around 1.3 percent in price-adjusted real terms for fiscal 2014, informed sources say. The new estimate, to be announced later this month, will be an improvement on the more pessimistic projection of 1.0 percent growth issued ...

Dec 13, 2013

Abe's stimulus only a short-term fix

The Abe administration's latest stimulus package has the central government spending more than it is due to receive in revenue from the fiscal 2014 tax hike, showing that the Japanese economy has yet to enter a self-sustaining cycle built on private-sector demand and investment.

Dec 12, 2013

¥5.5 trillion extra 2013 budget for stimulus OK'd

Prime Minister Shinzo Abe’s Cabinet on Thursday approved a ¥5.5 trillion supplementary budget for fiscal 2013 to fund a stimulus package designed to minimize the negative impact of next spring’s consumption tax hike. Vowing to achieve fiscal rehabilitation, the government will not issue additional ...