Japan's central government debt stood at a record ¥1.072 quadrillion at the end of fiscal 2016, the Finance Ministry said Wednesday. The amount owed per person came to approximately ¥8.45 million, based on Japan's estimated population of 126.79 million as of April 1. The central government's ...
Despite promises to the contrary, the Abe administration keeps boosting government spending by making use of supplementary budgets.
Youthful optimism can be hard to find in Japan, where millennials rank as the gloomiest of those in the world's biggest economies. While a majority of young adults in its trading partners see bright futures and successful careers ahead, fewer than 40 percent of Japanese ...
China has replaced veteran reformer Lou Jiwei with a new finance minister who will be tasked with juggling fiscal stimulus and efforts to rein in excess leverage in the world's second-largest economy. Xiao Jie, previously a senior aide to Premier Li Keqiang, will replace 65-year-old ...
Down a side street bracketed by massage parlors and cheap hotels in this city on the banks of the Yangtze River, a humanoid food service robot trundles around the corner of a table in a cafe, red eyes flashing in tune with synthesized classical ...
China and Japan hold $2.4 trillion of Treasuries, a reminder the U.S. is financed by the kindness of strangers.
Central government debt stood at ¥1,049.37 trillion — or just over 1 quadrillion — at the end of March, up ¥4.78 trillion from three months earlier, the Finance Ministry said Tuesday. The growing debt reflects a lack of financial resources amid ballooning social security costs ...
In the event that the U.S. economy crashes, Donald Trump has floated a recovery plan based on his own experience with corporate bankruptcy: Pay America's creditors less than full value on the U.S. Treasurys they hold. Experts see it as a reckless idea that would ...
Since the 2008 global financial crisis, austerity and balance-sheet repair have been the watchwords of the global economy. And yet today, more than ever, debt is fueling concern about growth.
China is not just contending with falling stocks, a plunging currency and a slowing economy. It has vampire trouble, too. The Chinese economy is pock-marked with companies that cannot pay their bills and survive only with government help. Jiangshi, the Chinese call them — "vampire companies." ...
As the editor of a string of successful fashion titles, Hiromi Sogo has spent three decades telling Japanese women what to wear. Her new task is to try to interest them in a drier topic: fiscal policy. Sogo, the editor-in-chief of luxury magazines Vingt-Cinq Ans ...
Japan's debt issuance dependency ratio in fiscal 2016 is likely to fall to 35 percent, the lowest in nine years, due to increased tax revenue, according to government sources. In the next fiscal year starting April 1, the government plans to newly issue debt of ...
