Exports dropped for a ninth straight month in August as trade conflicts compound a global economic slowdown. The value of shipments abroad fell 8.2 percent in August from a year earlier, according to the Finance Ministry. Economists surveyed by Bloomberg had estimated a 10 percent ...
U.S. investor Rogers issues stark warning over Japan's future
Renowned American investor Jim Rogers warned Thursday of a stark future for Japan if it does not take drastic measures to curb its massive debt and severe population decline. "As far as I can see Japan doesn't have a good future," Rogers said at a ...
Economist expects limited impact from Japan's October tax hike
The impact of the Oct. 1 consumption tax hike from the current 8 percent to 10 percent will be limited as mitigating measures are already in place, according to the chief economist at the Daiwa Institute of Research. "The economy is highly likely to be ...
Economy watcher sentiment jumped in August on buying ahead of tax hike
Business sentiment among workers with jobs sensitive to economic trends rose in August for the first time in four months, supported by solid sales of summer items and last-minute buying ahead of the consumption tax hike scheduled for Oct. 1, according to government data. The ...
Japan's economic growth revised downward as capital investment slows
The economy expanded at a slower pace in the second quarter than initially reported as growth in business investment proved less robust than first thought. Gross domestic product grew at an annualized pace of 1.3 percent in the three months through June from the previous ...
Dubai's ruler issued a directive on Monday that would curb the pace of new real estate construction projects as property prices fall and the sheer scale of developments threatens to outstrip demand. Sheikh Mohammed bin Rashid Al Maktoum ordered the creation of a committee to ...
Lebanon's political leaders declared what they called an economic state of emergency Monday following a meeting aimed at finding a solution to the country's economic crisis, raising concerns that more taxes will be imposed. Lebanon has one of the world's highest public debts in the ...
Japan braces for tax hike chaos under two-tier system as register shortage looms
As the hike in the consumption tax approaches, consumers and businesses are worried about the confusion that might erupt from differing rates for similar goods. To make things worse, businesses may not have enough new cash registers that can handle the two-tiered transactions. While the tax ...
Mexico's president vows to tackle rampant violence and weak economy
Mexican President Andres Manuel Lopez Obrador acknowledged a grim tally of violent crimes and a weak economy as he delivered the first state of the union address of his six-year term Sunday. Homicides in Mexico are at a record high and the economy is struggling ...
Argentina's government authorized currency controls Sunday in an about-face by President Mauricio Macri, who had previously lifted many protectionist practices of his predecessor, Cristina Fernandez de Kirchner. The central bank is now authorized to restrict purchases of dollars as it burns through its reserves in ...
Japan alarmed by growing U.S.-China trade war's impact on global economy: Cabinet Office report
The escalating U.S.-China trade tensions are at the root of Japan's concerns about the global economy, according to a recent report compiled by the Cabinet Office. But the office maintained its headline assessment of Japan in the August edition of its monthly economic report, saying ...
Japan's jobless rate hit 26-year low in July amid labor shortage
The nation’s demographic woes pulled the rate down 0.1 point from June to 2.2 percent, the lowest since October 1992.
