Business Topics

Apr 21, 2015

Japan, U.S. see major progress in TPP talks but no done deal yet

Japanese and U.S. trade chiefs said Tuesday they have moved significantly closer in their bilateral talks for a broader Pacific free trade pact, but some problems still remain to be resolved. Gaps over the biggest sticking points of agricultural imports and auto trade have ...

Volcker says U.S. bank oversight ineffective, seeks overhaul

Apr 20, 2015

Volcker says U.S. bank oversight ineffective, seeks overhaul

Former Federal Reserve Chairman Paul Volcker is calling for a reshaping of the U.S. financial oversight regime, which he says is splintered and ineffective. A public policy group led by Volcker issued a report Monday on the regulation of banks and Wall Street. It ...

Apr 19, 2015

IMF fudges BOJ inflation target timeline

The International Monetary Fund said it has become harder to estimate when the Bank of Japan will achieve its inflation target, suggesting the global fund is backtracking from its prediction of around 2017 or 2018. “It’s just too uncertain for us to say x ...

Obama warns TPP failure would let China write trade rules

Apr 18, 2015

Obama warns TPP failure would let China write trade rules

President Barack Obama, trying to sway skeptics on free trade among his supporters, said Friday that if the U.S. can’t come to terms on an accord being worked on with other Pacific nations, China will step in to fill the void. Asia has the ...

Apr 15, 2015

OECD urges Japan to implement bold structural reforms

The Organization for Economic Cooperation and Development urged Japan on Wednesday to implement bold structural reforms to boost economic growth and map out a “credible” plan to restore its precarious fiscal health. Noting that the nation’s aging population is likely to weigh on economic ...

Soccer still a refuge for BOJ staff

Apr 15, 2015

Soccer still a refuge for BOJ staff

by Toru Fujioka and Masahiro Hidaka

The Bank of Japan officials huddle: they’re planning a counterattack. It’s half-time, on a balmy Saturday afternoon in October on a soccer field in Machida, western Tokyo, and the central bank’s team has just seen their 1-0 lead vanish with an equalizer by Japan ...

Apr 14, 2015

IMF raises Japan's growth forecast to 1% for 2015

The International Monetary Fund said Tuesday it nudged up its economic growth projection for Japan in 2015 by 0.4 point to 1.0 percent in real terms, mainly thanks to the yen’s weakness and lower crude oil prices. Japan’s economy is expected to pick up ...

Apr 14, 2015

Japan estimates potential AIIB membership would cost ¥360 billion

Joining the China-led Asian Infrastructure Investment Bank will cost Japan about ¥360 billion and give it a stake about half that of Beijing, according to government estimates in a document obtained by Bloomberg. Japan’s initial contribution would be ¥180 billion, before doubling when the ...

Apr 14, 2015

Japan won't cave in on TPP at summit, minister says

A Japan-U.S. summit planned for late April should not be seen as a deadline for reaching a bilateral deal seen as vital to concluding a 12-country Pacific free trade pact, economic and fiscal policy minister Akira Amari said Tuesday. Japan and the United States, ...