OECD downgrades growth forecast for Japan amid recession

Nov 26, 2014

OECD downgrades growth forecast for Japan amid recession

The OECD has downgraded its projections for Japan’s economic growth in 2014 and 2015, acknowledging that the country has slipped back into recession in the wake of the April 1 consumption tax hike. The international economic organization said in a report released Tuesday that ...

Japan's young fret as unexpected recession kicks in

Nov 25, 2014

Japan's young fret as unexpected recession kicks in

by Elaine Kurtenbach

When Prime Minister Shinzo Abe responded to Japan’s surprise recession by delaying a sales-tax increase, it was a cause for worry, not celebration, for many young Japanese. This generation, barely aware of their country’s economic heyday, frets that putting off tough decisions now could ...

Sagging yen saps South Korean export muscle

| Nov 23, 2014

Sagging yen saps South Korean export muscle

by Jung Ha-Won

As Japan slips into recession, South Korea is keeping an increasingly wary eye on its export rival’s free-falling currency, which is honing a lasting competitive edge over Korean products in a number of key markets. The massive fiscal stimulus and flood of easy money ...

Nov 18, 2014

Japan recession news a drag on global stocks

Japanese shares underperformed global markets Monday after figures showed the country unexpectedly slid into recession in the third quarter of the year. KEEPING SCORE: Following the dramatic 3 percent fall in Tokyo’s benchmark Nikkei index to 16,973.80, European shares started the new week in ...

Midterm elections carry high stakes for U.S. economy

Nov 4, 2014

Midterm elections carry high stakes for U.S. economy

The midterm slugfest for control of the U.S. Senate could have far-reaching effects on the economy. Tuesday’s elections come just as U.S. growth has been showing consistent improvement, thanks in part to a congressional truce on budget fights. Previous such fights shut down the ...

Jul 31, 2014

Japan flirts with recession; planned tax hike in doubt

Japan could be flirting with recession after the weakest factory output since 2011, which, following a surprising fall in exports last week, could pressure the central bank to ease policy and complicate a decision on whether to raise taxes. The severe contraction in output ...

Nov 14, 2013

Eurozone recovery grinds to a near halt; tough slog lies ahead

The recovery from recession in the 17-country eurozone nearly came to a grinding halt in the third-quarter, raising concerns that the region faces a long slog back from its five-year economic crisis. Barely three months after emerging from its longest-ever recession, the eurozone barely ...

Tourists once again return to Portugal

Sep 11, 2013

Tourists once again return to Portugal

The famous No. 28 tram, winding its way through the narrow streets of Lisbon, is packed. Foreign tourists are flocking to Lisbon, as well as the southern coastal Algarve region — and that’s just the shot in the arm that the crisis-hit country needs. ...