Macron targets French welfare spending as deficit pressure rises

Business Aug 27, 2018

Macron targets French welfare spending as deficit pressure rises

French President Emmanuel Macron's government will tackle social spending in the next wave of its reforms as weaker than expected growth puts pressure on the budget deficit, the prime minister said on Sunday. Prime Minister Edouard Philippe said in an interview in Le Journal du ...

Business / Economy Aug 8, 2014

Japan logs largest six-month current account deficit ever

Japan logged a current account deficit of ¥507.5 billion in the first half, the biggest for any six-month period on record, government data showed Friday, underscoring its diminishing ability to earn money abroad. It was also the first time since officials started compiling comparable data ...

Current account runs up biggest deficit ever

Business / Economy Mar 10, 2014

Current account runs up biggest deficit ever

Japan posted a record current account deficit in January, marking four straight months of red ink for the first time as soaring demand for energy and the weakening of the yen triggered a surge in import costs, the Finance Ministry said Monday in a ...

Business / Economy Jan 14, 2014

Current-account gap widens to record on weak yen

As imports climbed, the nation's current-account deficit widened to a record in November, underscoring challenges for Prime Minister Shinzo Abe as he tries to drive a sustained economic rebound. The ¥592.8 billion shortfall in the widest measure of trade, reported by the Finance Ministry on ...

Business / Economy Dec 9, 2013

Fuel costs yield deficit in current account

The current account balance logged its first deficit in nine months in October as a surge in fuel imports more than offset increases in exports and direct investment income, government data showed Monday. The deficit in the balance, one of the widest gauges of international ...

Business / Economy Jul 31, 2013

Deficit cut mulled as sales tax debate intensifies

The Abe administration is considering an ¥8 trillion target for budget-deficit cuts over the next two years as officials debate how to proceed with the planned consumption tax increases that threaten to take the wind out of the economic rebound. The possible target is based ...