Aso ranked Cabinet's top fundraiser in 2015

Dec 3, 2016

Aso ranked Cabinet's top fundraiser in 2015

Finance Minister Taro Aso was the top fundraiser in Prime Minister Shinzo Abe’s Cabinet in 2015, according to reports submitted to the government by political parties and groups. Aso, who doubles as deputy prime minister, raised ¥147.35 million in political funds, followed by Abe ...

Sep 3, 2016

Japanese finance minister calls for more investment, wage hikes

Finance Minister Taro Aso has urged companies to raise investment and wages as their retained earnings continue to increase. At a news conference on Friday, Aso complained about companies’ use of money, saying the proportion of funds spent on business investment should be raised ...

Gaffe-prone Aso brands brokerage workers 'shady types'

Aug 31, 2016

Gaffe-prone Aso brands brokerage workers 'shady types'

In the latest of a long series of gaffes, Finance Minister Taro Aso has hit out at brokerage workers — a profession he’s responsible for overseeing. “People have a preconception that investing in bonds and stocks is dangerous, and that’s correct,” Aso said at ...

Japan, South Korea to resume currency swap deal

Aug 28, 2016

Japan, South Korea to resume currency swap deal

Japan and South Korea agreed Saturday to launch talks on resuming a currency swap deal, reflecting newly cooperative relations between the two neighbors. The two began operating a swap agreement in 2001, but testy ties precluded any effort to extend or renew it when ...

Group of 20 hopes for close partnership between Britain, EU

Jul 24, 2016

Group of 20 hopes for close partnership between Britain, EU

The Group of 20 finance chiefs vowed Sunday to use “all policy tools” to pursue growth as Britain’s decision last month to leave the European Union adds to the uncertainty in the global economy amid terrorism and other challenges. Finance ministers and central bank ...

Lew tells Aso currency devaluation war should be avoided

Jul 23, 2016

Lew tells Aso currency devaluation war should be avoided

U.S. Treasury Secretary Jack Lew stressed the importance of avoiding competitive currency devaluations in a meeting with Finance Minister Taro Aso in Chengdu, China, on Saturday, according to U.S. Treasury officials. Lew drove home the point by calling attention to the Group of 20 ...

Jun 21, 2016

Aso worried by yen's moves but rules out early intervention

Finance Minister Taro Aso said Tuesday the government will not rush to weaken the yen, although sharp swings in the currency markets are “undesirable.” “Regarding currency intervention, we will not do it so easily,” Aso told a news conference. He added, any action the ...