Abe rolls the dice on his political legacy with tax hike
Shinzo Abe will almost certainly become the nation's longest-serving prime minister next month. Whether he will be remembered as a success could well hinge on how the economy weathers the consumption tax hike. Legislation raising the tax to 10 percent from 8 percent took effect ...
Argentina — a cautionary tale for Trump's America
Argentina was one of the world's richest economies in the first few decades of the 20th century, but subsequently became a cautionary tale of how a wealthy country can lose its way.
The Bank of Russia pushed through its third consecutive interest-rate cut as inflation dropped closer to a 4 percent target. The benchmark rate was cut to 7 percent from 7.25 percent, according to a statement published on Friday. The move to the lowest level since ...
Tokyo-Seoul row hits economies
The escalating feud between South Korea and Japan is heightening concerns about the fallout for global supply chains, financial markets and economic growth. What started as a dispute over colonial-era grievances has snowballed over the past two months, with relations deteriorating to the lowest point ...
'Modern Monetary Theory' may be Democrats' economic cure, but only Trump seems to have got the memo
From her home overlooking Setauket Harbor on Long Island's North Shore, a motorboat bobbing at the dock, Stephanie Kelton hopes to revolutionize how the U.S. government manages the economy. It isn't always a pleasant task. A key figure in the "Modern Monetary Theory" economic camp, her ...
School issues are No. 1 reason behind youth suicides in 2018, Japanese government white paper finds
Of 568 youth who took their lives last year, 188 were attributed to school-related issues, followed by health problems at 119 and family issues at 116.
Japan's peaceful Heisei Era leaves legacy of change, growth and tragedy
Emperor Akihito's abdication Tuesday will end the three-decade Heisei Era that began on Jan. 8, 1989, a day after he inherited the throne upon the death of his father, Emperor Showa. During his rein, Japan struggled with economic stagnation and was hit by several natural ...
What really caused the global financial crisis?
A new book offers some answers and sensible suggestions to reduce the odds of a future crisis.
Japan government bonds have a cute sales mascot, but there's only one buyer that matters
In the land that gave us Hello Kitty, it's no surprise the government employs an endearing mascot to sell its bonds. His name is Kokusai-sensei. A pint-size rendition of him welcomes visitors to the investor relations office at the Finance Ministry. Pudgy and professorial, ...
North Korea's 'socialist utopia' needs mass labor, but growing market economy threatens model
In January, thousands of North Korean students traveled to Mount Paektu, a sacred site where the ruling family claims its roots and where leader Kim Jong Un is building a massive economic hub in the alpine town of Samjiyon. It is one of the largest ...
Dovish Bank of England has economists scaling back on hike views
The Bank of England's pessimistic view of the U.K. has left economists scrambling to rewrite their expectations for future action. In its Inflation Report on Thursday, the central bank cut its forecast for growth this year to the weakest in a decade and predicted a ...
Japan is back as a top global contender
Japan's newfound globalization marks a success for Abenomics because it has made Japan strong again both at home and abroad.
