Japan's gross domestic product shrank at an annualized pace of 2% in the three months through March.
BUSINESS / Economy
May 16, 2024
Japan’s economy contracts as consumers and firms cut spending
Gross domestic product contracted at an annualized pace of 2% in the three months through March.
U.S. President Joe Biden speaks about new actions to protect American workers and businesses from China's "unfair" trade practices, in the Rose Garden of the White House in Washington on Tuesday.
BUSINESS / Economy / ANALYSIS
May 15, 2024
Who’s toughest on China? Biden’s tariff tactic ups ante as election looms.
U.S. president is seen to be trying to "outtrump Trump" to appeal to voters who worry about geopolitical competition or hold anti-China sentiments.
Gloomy economic conditions, especially weak consumption, raise questions over whether the Bank of Japan will be able to take further steps toward policy normalization.
BUSINESS / Economy
May 15, 2024
Japan GDP data expected to show contraction for first quarter
The preliminary data is expected to show that spending by consumers and companies fell, while net exports dragged on growth for the first time in a year.
People walk near the Bank of Japan headquarters in Tokyo on April 26.
BUSINESS / Economy
May 10, 2024
BOJ must avoid raising rates to combat weak yen, says ex-official
Higher borrowing costs would hit consumption and services inflation, said Tsutomu Watanabe, an expert on price trends.
People in a shopping district in Tokyo in March
BUSINESS / Economy
May 10, 2024
Japan’s households cut outlays as inflation remains sticky
Real outlays decreased 1.2% in March from a year before, falling for the 13th consecutive month.
U.S. President Joe Biden meets with Vietnam President Vo Van Thuong in Hanoi on Sept. 11, 2023. During Biden's visit to Hanoi last year, the U.S. and Vietnam elevated ties to a comprehensive strategic partnership.
BUSINESS / Economy
May 9, 2024
Vietnam's China ties loom large in U.S. hearing on market economy upgrade
Opponents cite Beijing's outsized influence on Hanoi while proponents argue that denial of market economy status would push Vietnam closer to its neighbor.
The growing divide between U.S.-led and China-aligned blocs is taking a toll on the global economy as trade and investment flows are redirected along geopolitical lines in ways not seen since the Cold War.
BUSINESS / Economy
May 9, 2024
Cold War-type divide puts trade and investment at risk, top IMF official warns
After years of shocks, countries are reevaluating their trading partners, an IMF official has said.

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