Business May 8, 2015

Japanese government's debt swells to ¥1.053 quadrillion

Japan's debt stood at a record-high ¥1.053 quadrillion ($8.78 trillion) at the end of March, the Finance Ministry said Friday, increasing pressure on the government to take further austerity measures. The ministry also projected the debt would reach ¥1.167 quadrillion by the end of fiscal ...

Editorials May 20, 2014

Shrinking current account surplus

Japan's current account surplus for fiscal 2013 falls sharply from the peak reached just six years ago, indicating that the old export-driven model of economic growth may be over.