May 13, 2014

El Nino-induced weather raises concern at BOJ

Bank of Japan officials are concerned that cooler-than-normal weather triggered by El Nino will curb spending this summer and weigh on an economic rebound after April’s sales tax increase, according to people familiar with the matter. Bank officials are watching for potential weakening in ...

Apr 19, 2014

Forecasters issue alert on El Nino

by Seth Borenstein

U.S. federal forecasters predict a warming of the central Pacific Ocean this year that will change weather worldwide. The warming, called an El Nino, can mean an even hotter year coming up and billions of dollars in losses for food crops. Australia and South ...