NEWSWORTHY

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 ...

China urges investor calm while stopping short of market rescue

Business / Economy Oct 19, 2018

China urges investor calm while stopping short of market rescue

China's top financial officials moved to shore up confidence in the country's tumbling stock market, a rare show of coordinated verbal support as the government tries to prevent the deepest equity sell-off since 2015 from infecting the world's second-largest economy. The statements from heads of ...

Business / Economy Sep 21, 2018

OECD expects slightly weaker global growth in 2018 and 2019

The Organisation for Economic Co-operation and Development on Thursday slightly lowered its projections for global economic growth this year and next, saying the expansion "may have now peaked." The world's gross domestic product is expected to expand a real 3.7 percent in 2018, down from ...