IMF upgrades Japan's growth forecast to 0.7% for 2020

Business / Economy Jan 21, 2020

IMF upgrades Japan's growth forecast to 0.7% for 2020

The International Monetary Fund is forecasting that Japan's economy will grow 0.7 percent this year, up 0.2 percentage point from its earlier estimate due to stimulus measures to mitigate the impact of the Oct. 1 consumption tax hike. The Washington-based institution also said global growth ...

Even as Trump claims two victories on trade, doubts remain

Business Jan 20, 2020

Even as Trump claims two victories on trade, doubts remain

by Paul Wiseman

President Donald Trump's trade deal with China last week opened up export opportunities for American farmers, manufacturers and energy producers. And his trade pact with Canada and Mexico, approved Thursday by the Senate, could help restore some auto production in the United States. Yet perhaps ...

Asia Pacific Jan 18, 2020

U.S.-Iran tensions may hit China's economy

by Mina Kotani

China's economy, which this past week reported its lowest annual economic growth in nearly 30 years amid a prolonged trade dispute with the United States, is faced with a new troubling source of U.S.-related instability: rising tensions in the Middle East. The U.S. airstrike that ...

China's GDP growth for 2019 slowest in three decades at 6.1%

Business / Economy Jan 17, 2020

China's GDP growth for 2019 slowest in three decades at 6.1%

China's economy weakened to deliver its slowest pace of growth in three decades in 2019, as weaker domestic demand and trade tensions with the United States took their toll, official data showed Friday. Gross domestic product for the world's second-largest economy grew by 6.1 percent ...

Doubts linger after U.S. and China ink initial trade deal

Business Jan 16, 2020

Doubts linger after U.S. and China ink initial trade deal

China will boost spending on U.S. products in exchange for rolling back of some tariffs under an initial trade deal signed by the world's two largest economies Wednesday, defusing an 18-month row but leaving numerous thorny issues unresolved. Beijing and Washington touted the "phase one" ...

Japan, U.S., EU propose new WTO subsidy rules

Business Jan 15, 2020

Japan, U.S., EU propose new WTO subsidy rules

Japan, the United States and the European Union on Tuesday proposed expanding a ban on market-distorting subsidies under World Trade Organization rules, a measure apparently targeted at China. The three economies hope to win support for the proposal from a wide range of WTO members ...

U.S. to lift China currency manipulator tag ahead of trade deal

Business Jan 14, 2020

U.S. to lift China currency manipulator tag ahead of trade deal

Washington's abrupt declaration Monday that China is no longer a currency cheat — two days before the signing of a trade deal with Beijing — shows how U.S. President Donald Trump has turned a routine technical report on foreign exchange into a political cudgel. "It's ...