Business Topics

Japan close to beating deflation: BOJ deputy chief

Jul 23, 2014

Japan close to beating deflation: BOJ deputy chief

Japan is closer to conquering chronic deflation with monetary policy working as hoped, Bank of Japan Deputy Gov. Hiroshi Nakaso said Wednesday. “Japan’s economy is likely to achieve an inflation rate of about 2 percent in or around fiscal 2015, and thereafter gradually shift ...

Imports of Chilean wine surge in Japan

Jul 23, 2014

Imports of Chilean wine surge in Japan

Imports of bottled wine from Chile are surging, thanks in part to a bilateral economic partnership agreement that has lowered the import tariff. Chilean wine was second in annual imports in Japan in 2013 on a country-by-country basis, beating Italian wine. This year, Chilean ...

Jul 22, 2014

Fiscal '14 growth forecast cut to 1.2%

The government on Tuesday cut its forecast for economic growth in fiscal 2014 to 1.2 percent from 1.4 percent in real terms amid lingering fears that the April 1 consumption tax hike — the first in 17 years — may continue to weigh on ...

Jul 22, 2014

FSA to boost bank, insurer oversight

The Financial Services Agency plans to integrate its inspection and supervisory policies to strengthen its oversight of banks, insurance firms and other financial institutions, according to informed sources. The agency will disclose the new policy by September, the sources said Monday. FSA officials in ...

Jul 18, 2014

BOJ concerned weak exports point to structural problem, minutes show

Bank of Japan policymakers have raised concerns about the nation’s slowing exports, with some citing “structural factors” that might not be addressed in the near term, according to the minutes of their meeting released Friday. The central bank’s nine-member Policy Board agreed that exports ...

Chinese growth beats expectations with 7.5% expansion in 2Q

Jul 16, 2014

Chinese growth beats expectations with 7.5% expansion in 2Q

Chinese growth accelerated to a forecast-beating 7.5 percent in the second quarter, official data showed Wednesday, as government stimulus provided a much-needed boost to the world’s second-largest economy. The April-June figure from the National Bureau of Statistics compared with 7.4 percent in the previous ...