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Archive Asia Economy

  • *Japan's economy turning toward expansion- BOJ. TOKYO, April 27- The Bank of Japan offered its most optimistic assessment of the economy in nine years at its policy meeting on Thursday and described recent weakness in inflation as temporary, signalling confidence a sustained recovery will help achieve its ambitious price target. "The inflation and growth...

  • Commuters walk up an escalator inside the Raffles Place MRT station during rush hour at the central business district area in Singapore.

    Singapore's reliance on foreign labor may shift, with the city-state's central bank pointing on Thursday to a cautious employment outlook.

  • Sentiment in the Singapore property market appears to be improving, but unsold inventory will still weigh in the short-term, a DBS executive said.

  • SEOUL, April 27- South Korea raised its export outlook for the year after first quarter economic growth accelerated at a sharper pace, with policymakers saying there was no need for extra stimulus even as the economy faces a host of political and economic challenges. The firm start to the year on strong exports and capital investment is a relief for policymakers...

  • HONG KONG— Asian shares were fairly firm Thursday as investors assessed the scant details of President Donald Trump's U.S. tax overhaul and a Japanese central bank report forecasting steady growth for Asia's No. 2 economy. KEEPING SCORE: Japan's benchmark Nikkei 225 index lost 0.2 percent to 19,251.79 while South Korea's Kospi was nearly flat at 2,207.85.

  • TOKYO— Japan's central bank kept its ultra-lax monetary policy unchanged Thursday, forecasting that growth in the world's third-largest economy would remain slow but steady through the fiscal year ending in March 2018. Most analysts were expecting the Bank of Japan to stand pat. The Bank of Japan is pumping trillions of yen into the economy each month through...

  • SEOUL, April 27- South Korea raised its export outlook this year after economic growth accelerated at a sharper pace on Thursday, with policymakers saying there was no need for extra stimulus even as the economy faces a host of political and economic challenges. The strong start to the year on strong exports and capital investment is a relief for policymakers...

  • STOCKHOLM- Swedish Central Bank announces its interest rate decision. FRANKFURT- European Central Bank will hold a press conference following the governing council monetary policy meeting in Frankfurt 1330 GMT. EANSTON, Illinois- Federal Reserve Board Governor Lael Brainard speaks on "Fintech" before the Kellogg School of Management at Northwestern...

  • STOCKHOLM- Swedish Central Bank announces its interest rate decision. FRANKFURT- European Central Bank will hold a press conference following the governing council monetary policy meeting in Frankfurt 1330 GMT. EANSTON, Illinois- Federal Reserve Board Governor Lael Brainard speaks on "Fintech" before the Kellogg School of Management at Northwestern...

  • SEOUL, April 27- South Korea's economy accelerated at a faster than expected pace in the first quarter on strong exports and capital investment, in a hopeful sign it will have enough buffers to counter a host of political and economic challenges in the months ahead. The strong start to the year will be a relief for policymakers after months of downturn from a...

  • SEOUL, South Korea— South Korea, Asia's fourth-largest economy, grew at the fastest clip in nearly a year thanks to recovery in exports, the central bank said Thursday, despite a backlash from Chinese consumers over the deployment of a U.S. missile defense system. Since late February, South Korea saw backlashes from China, its biggest trading partner, after the...

  • TOKYO, April 27- The Bank of Japan is set to keep monetary policy steady on Thursday and signal its conviction the country's economic recovery is gaining momentum, taking heart from renewed optimism over the global economy as political concerns in France ebb. But BOJ Governor Haruhiko Kuroda is likely to remind markets that the Japanese central bank is nowhere...

  • Toshiba Corp CEO Satoshi Tsunakawa bows as the start of a news conference at the company's headquarters in Tokyo, Japan, April 11, 2017.

    Toshiba axing PwC as its accountant is an ugly look for a firm that badly needs to win back investors' trust, says Breakingviews' Quentin Webb.

  • Japan, the world's third-largest economy, is the EU's sixth-biggest export market. For Japan, it would show it can still do deals despite the demise of the Trans-Pacific Partnership, once a pillar of Washington's Asia policy. The EU has estimated an ambitious deal could give an economic boost of up to 300 billion euros, with exports to Japan rising by a third.

  • LONDON, April 26- The euro retreated from 5-1/ 2 month highs against the dollar on Wednesday, investors cashing in gains made on the back of the first round of France's presidential elections and a market rethink on euro zone monetary policy. The yen- a sufferer this week from buoyant sentiment on stock markets since the French vote on Sunday- was steadier while...

  • LONDON, April 26- The euro retreated from 5-1/ 2 month highs against the dollar on Wednesday, investors cashing in gains made on the back of the first round of France's presidential elections and a market rethink on euro zone monetary policy. The yen- a sufferer this week from buoyant sentiment on stock markets since the French vote on Sunday- was steadier while...

  • LONDON, April 26- The euro retreated from 5-1/ 2 month highs against the dollar on Wednesday, investors cashing in gains made on the back of the first round of France's presidential elections and a market rethink on euro zone monetary policy. The yen- a sufferer this week from buoyant sentiment on stock markets since the French vote on Sunday- was steadier while...

  • LONDON, April 26- The euro retreated from 5-1/ 2 month highs against the dollar on Wednesday, investors cashing in gains made on the back of the first round of France's presidential elections and a market rethink on euro zone monetary policy. The yen- a sufferer this week from buoyant sentiment on stock markets since the French vote on Sunday- was steadier while...

  • LONDON, April 26- The Australian and New Zealand dollars sank on Wednesday, leading moves among major developed currencies after Australian inflation data pointed to an economy under strain from mediocre growth in China. While global stock markets have bounced to new highs since the French vote, improved appetite for risk on currency markets seems largely...

  • SEOUL, South Korea— Shares were mixed in Europe on Thursday after another day of gains in Asia as investors awaited U.S. KEEPING SCORE: Britain's FTSE 100 lost 0.1 percent to 7,272.31 while France's CAC 40 added 0.1 percent to 5,283.04. ANALYST'S VIEWPOINT: "In spite of concerns that the Trump administration will be unable to deliver his fiscal stimulus promises...

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