Archive Asia Economy

More

  • MANILA, Philippines— Asian markets were mixed Friday after the Bank of Japan announced a modest expansion of its lavish monetary stimulus to perk up sluggish growth, sending the Japanese stock index up. In Southeast Asia, the stock indices of Indonesia and Malaysia were up, but Singapore's and Philippines' were down. The Bank of Japan ended a policy meeting Friday...

  • TOKYO— Japan's central bank opted Friday for a modest expansion of its lavish monetary stimulus to help perk up sluggish growth and combat deflation. The recent vote by Britain to leave the European Union has added to the uncertainties clouding the global outlook at a time when Japan's recovery remains in question. "It is hard to understand why the BOJ did not...

  • TOKYO— Japan's central bank opted Friday for a modest expansion of its lavish monetary stimulus to help perk up sluggish growth and combat deflation. The Bank of Japan ended a policy meeting Friday by announcing it will expand purchases of assets from financial institutions to help inject more cash into the world's third-largest economy and pursue its 2...

  • TOKYO— Japan reported further signs of weakness in its economy in June, with industrial output and consumer spending falling from the year before. The Bank of Japan and government have made scant progress toward a 2 percent inflation goal set more than three year ago, partly due to the prolonged slump in crude oil prices. Earlier this week Prime Minister Shinzo...

  • Japan aims a lot of firepower at keeping its currency weak, but a stronger yen might be just what it really needs, said Saxo Bank's CIO Steen Jakobsen.

  • Japan's industrial output rose 1.9% in June, government data showed on Friday, in a sign that demand is starting to pick up.

  • TOKYO, July 29- Japan's core consumer prices fell 0.5 pct in June from a year earlier, matching a decline last recorded in March 2013, government data showed on Friday. The so-called core-core inflation index, which excludes food and energy prices and is similar to the core index used in the United States, rose 0.4 percent in the year to June. Core consumer prices in...

  • WASHINGTON— Institute for Supply Management releases its manufacturing index for July, 10 a.m.; Commerce Department releases construction spending for June, 10 a.m.. WASHINGTON— Commerce Department releases personal income and spending for June, 8:30 a.m.. TOKYO— Honda reports fiscal first quarter results.

  • *Central bank tightens monetary policy for 3rd time since Dec 30. COLOMBO, July 28- Sri Lanka's central bank raised its main interest rates by 50 basis points each on Thursday in a surprise move aimed at curbing stubbornly high credit growth that is adding to concern about inflationary pressures. The Central Bank of Sri Lanka raised the standing deposit facility...

  • SAO PAULO, July 28- Most Latin American currencies and stocks seesawed in thin trading volumes on Thursday as traders kept to the sidelines ahead of a Bank of Japan policy meeting. Tokyo's decision to unveil a $267 billion stimulus package lifted hopes that the BOJ could follow along and inject more money in the economy when it meets on Friday.

  • *But forecasts worsen for Oman and Bahrain. DUBAI, July 28- Economists have cut growth forecasts for most of the rich oil exporting countries of the Gulf as non-oil business activity slows because of government austerity measures, a quarterly Reuters poll found. Median forecasts for gross domestic product growth this year have been cut for four of the six GCC...

  • BEIJING— China's Cabinet issued its first rules for ride-hailing and told local officials Thursday to promote the booming industry, confirming the legal status of Uber Technologies Inc. and local competitors following run-ins with regulators. China is one of a series of markets where Uber and competitors have grown fast but faced legal challenges to their...

  • LONDON, July 28- The dollar fell against the yen on Thursday as expectations faded of the Bank of Japan delivering the radical stimulus package some had expected this week, and after the U.S. Japan's prime minister unveiled a surprisingly large 28 trillion yen stimulus package on Wednesday, putting pressure on the central bank to match it with aggressive...

  • PYONGYANG, North Korea— North Korea says US responsible for provoking tensions, defends right to' defensive nuclear deterrent'.

  • TOKYO, July 28- Political pressure on the Bank of Japan to expand stimulus this week is intensifying with the economy minister calling on the bank to work with the government to boost growth, in the wake of premier Shinzo Abe's announcement of a bigger-than-expected fiscal spending package. "I think people at the BOJ will take into that account and make an...

  • THURSDAY, JULY 28 KIEV- National Bank of Ukraine monetary policy meeting- 0700 GMT. COLOMBO- Central Bank of Srilanka monetary policy committee meeting- 1230 GMT. PRAGUE- Czech Banking Association holds a press conference on the updated macroeconomic forecast- 0800 GMT.

  • *Europe shares rise, Deutsche Bank down on revenue fall. *Japan stimulus lifts Asia shares, drives yen lower. LONDON, July 27- Stocks rose in Europe and Asia on Wednesday while the yen sank against the dollar, after Prime Minister Shinzo Abe said his government would present a $265 billion stimulus package to reflate the Japanese economy.

  • TOKYO, July 27- Japan's prime minister unveiled a surprisingly large $265 billion stimulus package on Wednesday to reflate the world's third-largest economy, adding pressure on the central bank to match the measures with monetary stimulus later this week. The size of the package, at more than 28 trillion yen, exceeds initial estimates of around 20 trillion yen...

  • TOKYO, July 27- Japan's prime minister unveiled a surprisingly large $265 billion stimulus package on Wednesday to reflate the world's third-largest economy, adding pressure on the central bank to match the measures with monetary stimulus later this week. The size of the package, at more than 28 trillion yen, exceeds initial estimates of around 20 trillion yen...

  • TOKYO, July 27- Japan's prime minister unveiled a surprisingly large $265 billion stimulus package on Wednesday to reflate the world's third-largest economy, adding pressure on the central bank to match the measures with monetary stimulus later this week. The size of the package, at more than 28 trillion yen, exceeds initial estimates of around 20 trillion yen...

Contact Asia Economy

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    Get these newsletters delivered to your inbox, and more info about about our products and service. Privacy Policy.