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  • 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...

  • *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. Germany's DAX index rose 0.8 percent and has recouped all losses incurred since...

  • TOKYO, July 27- Japanese Prime Minister Shinzo Abe said his government would compile a stimulus package of more than $265 billion next week to reflate the flagging economy, although it was unclear how much would be spent to directly boost growth. The size of the package, at 28 trillion yen, exceeds initial estimates of around 20 trillion yen and is nearly 6 percent...

  • HONG KONG, July 27- Asian stocks settled near one-year highs on Wednesday while the safe-haven yen slumped after Japan's government announced a larger-than-expected economic stimulus package, which led most of the region's bourses higher. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent, reversing earlier gains, having...

  • *Abe says spending package to exceed Y28 trln- Jiji. TOKYO, July 27- Japanese Prime Minister Shinzo Abe said on Wednesday his government would compile a stimulus package of more than $265 billion to reflate the flagging economy, media reported, though it is unclear how much will be spent to directly boost growth. The premier's 28 trillion yen stimulus package, which...

  • World Bank Managing Director Sri Mulyani Indrawati speaks at Wellesley College on January 31, 2016.

    The World Bank's Managing Director Sri Mulyani Indrawati has been appointed as the country's new finance minister, among a wider cabinet reshuffle.

  • China’s “shadow banking” system is masking the rise in indebtedness in China, Moody’s Investors Service said in a report Wednesday.

  • TOKYO— Japanese Prime Minister Shinzo Abe announced plans Wednesday for a fresh barrage of economic stimulus to help revive stalling growth. That would be nearly 6 percent of Japan's GDP. The proposed package is due to be approved by the Cabinet on Aug. 2, the Kyodo news service reported.

  • TOKYO, July 27- Japan's Nikkei share average rose more than 2.5 percent on Wednesday afternoon after Fuji TV reported that Prime Minister Shinzo Abe will announce an economic stimulus package worth 27 trillion yen. The Nikkei jumped as high as 2.7 percent to 16,821.43 in early afternoon trade. The television network reported during the Tokyo market's lunch...

  • *Relatively upbeat U.S, European stocks shore up Asia. HONG KONG, July 27- Asian stocks climbed to fresh near one-year highs and the Japanese yen weakened on Wednesday as awaited central bank meetings this week that could see fresh stimulus in Japan and provide clues on U.S. interest rates. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2...

  • A nurse holds a newborn baby at the labor ward of Singapore's Kandang Kerbau Hospital (KKH).

    Singapore's policymakers have long battled the country's low birth rate, but will little success so far.

  • WEDNESDAY, JULY 27 TBILISI- National Bank of Georgia monetary policy committee meeting. POLOKWANE, South Africa- South African central bank deputy governor Daniel Mminele speaks at a business breakfast event in the city of Polokwane- 0700 GMT. THURSDAY, JULY 28 KIEV- National Bank of Ukraine monetary policy meeting- 0700 GMT.

  • The World Bank’s issued its latest set of forecasts for oil prices but interpreting the numbers may depend on your disposition.

  • *Many in BOJ prefer to keep policy steady. *Gov Kuroda to brief media from 0630 GMT. TOKYO, July 26- The Bank of Japan is leaning toward holding off on monetary easing on Friday, as an expected government spending package takes some pressure off policymakers to expand an already massive and increasingly controversial stimulus programme.

  • Nikkei sells off on strong yen

    CNBC's Sri Jegarajah reports Japanese stocks sold off after a report suggested the government's stimulus package may not live up to expectations.

  • A worker grabs a nozzle at a PTT gas station in Bangkok, Thailand, January 5, 2016.

    Resurgent concerns over supply-demand mismatches have hurt sentiment, analysts said.

  • SEOUL, South Korea— South Korea's economic growth improved in the second quarter of the year, helped by stronger private spending and housing construction. Bank of Korea said Tuesday that Asia's fourth-largest economy expanded at an annual pace of 3.2 percent during the April-June period, the fastest clip in seven quarters. Restructuring of South Korea's...

  • SHANGHAI, July 26- China's yuan firmed against the dollar on Tuesday following a firmer guidance rate setting from the central bank and a weaker dollar index, but it weakened against a calculated basket of currencies following five days of gains. The yuan's sharp firming against a trade-weighted basket of currencies began last week amid a meeting of finance...

  • *Japan to miss FY2020 GDP target of 600 trln yen- govt forecast. TOKYO, July 26- Japan will not meet its goal of reaching nominal gross domestic product of 600 trillion yen in fiscal 2020, and may not achieve it even by fiscal 2024 if growth stays sluggish, the government's projections showed on Tuesday, adding pressure on policymakers struggling to revive the...

  • South Korea's economy grew 0.7 percent in April-June over the previous quarter, as domestic consumption and capex improved.

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