Japan's economic policymakers now factoring in Olympics cancellation, sources say
Even as Japan has stressed that the Olympics will proceed as planned, government and central bank officials are more seriously weighing the risk of cancellation when making projections for this year's economic outlook, sources said. The Bank of Japan is expected to loosen monetary policy ...
Cabinet approves Japan's record ¥102 trillion draft budget for fiscal 2020
The fiscal 2020 draft budget shows that spending will jump for defense, free education and ballooning medical, pension and other social security costs.
Japan ekes out progress in a turbulent year of politicized trade
World trade continued to plunge into chaos this year, as U.S. President Donald Trump continued to petrify trading partners around the world with his unpredictable presidency. Even though the U.S. and China appear to have taken a respite from their trade war following a partial ...
'Japanification' — The scourge threatening to go global in 2020
First it was Japan. Then Europe. Now investors are scanning the world for the next outbreak of stagnant inflation and tumbling yields. The malaise of "Japanification" burst into the mainstream this year, leaving in its wake a record amount of negative-yielding debt. Quantitative easing and ...
Economists agree on one thing about Abe's stimulus package: It helps the Bank of Japan
Economists are divided over how much good Prime Minister Shinzo Abe's new stimulus package will do in terms of sparking extra growth, but there's one thing they do seem to agree on: The Bank of Japan is off the hook for now. The package announced ...
BOJ policymaker calls on banks to downsize for profitability
A Bank of Japan Policy Board member urged banks Thursday to downsize in number and asset holdings to become more profitable, pointing to structural factors, rather than the BOJ's easing policy, as being behind the deterioration in their profitability. In a speech to business leaders ...
Cabinet approves ¥26 trillion stimulus package to prop up slowing Japanese economy
Economists say the stimulus package could slow down Japan’s efforts to improve its fiscal health, which is the worst among major industrialized economies.
Thousands of protesters took part in anti-government demonstrations in Colombia's capital Bogota and other cities Wednesday during the country's third general strike in two weeks. Strike leaders say they intend to maintain pressure on right-wing President Ivan Duque's government, after brushing aside his appeals to ...
Japan preparing ¥13 trillion stimulus package as recession risks rise
The spending could further strain the industrial world’s heaviest public debt burden, which is more than twice the size of the Japanese economy.
Protests in Colombia spark backlash against Venezuelan migrants
Daniels Herrera kept quiet on his long walk home from work following violent protests in the Colombian capital Bogota last week, fearful his Venezuelan accent would give him away. The 26-year-old had arrived in the sprawling city high in the Andes almost two years ago, ...
Mexico fell in recession in first semester, stagnated in third quarter
Mexico, Latin America's second-largest economy after Brazil, registered a recession in the first two quarters of the year and zero growth in the third, according to revised official data released Monday. The downward revision confirmed the economy's weak performance under leftist President Andres Manuel Lopez ...
Japan to drop ¥400 billion on school computers and infrastructure projects in wake of tax hike
The government plans to spend around ¥400 billion ($3.7 billion) to supply more computers to public schools as part of an economic stimulus package, government sources said Friday. State and local outlays for the package, which will be formulated early next month, are expected to ...
