Aso jawbones markets as yen climb puts cloud over Abenomics

Feb 12, 2016

Aso jawbones markets as yen climb puts cloud over Abenomics

Japanese officials stepped up their expressions of concern about a soaring yen as the currency’s renewed strength threatened to undermine the government’s Abenomics program for reviving the economy. With the yen trading near a 15-month high against the dollar, concern is growing that this ...

Feb 2, 2016

FSA to monitor effects of negative interest rate on banks, Aso says

Finance Minister Taro Aso said Tuesday the government will monitor what the effects of the Bank of Japan’s negative interest rate policy on financial institutions. The Financial Services Agency “needs to carefully monitor financial institutions,” said Aso, who also doubles as state minister for ...

Aso claims 2017 tax hike will 'certainly' go through

Jan 22, 2016

Aso claims 2017 tax hike will 'certainly' go through

Finance Minister Taro Aso said in his new year policy speech Friday that he will “certainly” go through with the second stage of the consumption tax hike to 10 percent in April 2017 to secure international trust in Japan’s efforts to return to fiscal ...

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 ...