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Russian economy outpaced expectations in 2018, rising 2.3%

Business / Economy Feb 5, 2019

Russian economy outpaced expectations in 2018, rising 2.3%

Russia's economy expanded 2.3 percent last year, growing more quickly than the government and the IMF had predicted, according to state statistics published Monday. Russia's growth rate accelerated from 1.6 percent in 2017 and exceeded the economy ministry's prediction of 1.8 percent as well as ...

Japan cuts 2019 growth forecast on weaker capital spending

Business / Economy Dec 18, 2018

Japan cuts 2019 growth forecast on weaker capital spending

The government on Tuesday cut its domestic growth forecast for fiscal 2019, citing weaker than expected capital spending amid a slowdown in the global economy. The Cabinet Office said gross domestic product, the total value of goods and services produced in the country, is expected ...

Bank of Japan's hoard of assets now bigger than the economy

Business / Economy Nov 14, 2018

Bank of Japan's hoard of assets now bigger than the economy

by Yuko Takeo

The Bank of Japan's massive asset purchase program has taken it into uncharted territory, with its ballooning holdings now larger than the country's annual economic output. Its holding reached a staggering ¥553.6 trillion ($4.9 trillion), figures released Tuesday show, compared with nominal gross domestic product ...