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 ...

Jun 14, 2013

Japan growth estimate gets World Bank boost

The World Bank on Wednesday cut its global economic growth projection for 2013 due to the weak performance of the eurozone and the slowing growth in emerging economies, while boosting the growth estimate for Japan substantially on the back of policy effects. In its ...

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 ...

Jun 3, 2013

Japan to provide disaster expertise

by Jun Hongo

Japan is primed to provide its disaster prevention expertise to Africa as climate change continues to threaten sustainable growth on the continent, Prime Minister Shinzo Abe said Sunday at the African aid conference. “Japan has the history and experience of fighting natural disasters,” Abe ...

Apr 16, 2013

World Bank pushes Asia stimulus end

Asia’s emerging economies should consider reining in monetary stimulus to curb the risks of asset bubbles and inflation as policy easing in developed nations, including Japan, spur capital inflows, the World Bank said. Demand-boosting measures that helped sustain growth “may now be counterproductive,” the ...

BRICS take shot at shattering predominance of World Bank, IMF

Mar 28, 2013

BRICS take shot at shattering predominance of World Bank, IMF

The world’s major developing nations are laying plans to combine their economic clout in a challenge to the role that U.S.- and European-led institutions such as the World Bank and International Monetary Fund play in global economic affairs. Meeting this week in Durban, South ...