Deflation | GlobalPost

Abe confident G-8 endorsed his economic policies

Kyodo News InternationalJune 18, 2013 20:30

Japanese Prime Minister Shinzo Abe expressed confidence Tuesday that his economic policies were endorsed at a summit of the Group of Eight major nations, saying none of his counterparts voiced concerns about them. Abe, faced with lingering doubts about Japan's future fiscal health and views that his policies could trigger a currency war, said the government plans to release a mid-term fiscal reform plan by summer and that his measures are not aimed at guiding currency rates.

Inflation data points to firming economy

Thomson ReutersJune 18, 2013 09:33

By Jason Lange WASHINGTON (Reuters) - Inflation showed signs of stabilizing in May after a long decline, a potential comfort to Federal Reserve policymakers who want to avoid any chance of a debilitating bout of deflation. The Labor Department said on Tuesday the consumer price index edged 0.1 percent higher last month after two straight months of declines, while the so-called core index, which excludes food and energy costs, rose 0.2 percent, just above the pace clocked in April.

Japan confident over 'third arrow' growth package

Agence France-PresseJune 13, 2013 05:31

The Japanese government shrugged off stock market gyrations Thursday, saying a raft of reforms including tax breaks for firms wanting to invest would boost the economy. As the Nikkei 225 began another precipitous drop that saw it close the day 6.35 percent lower than it started, Chief Cabinet Secretary Yoshihide Suga said the world's third largest economy remained on a path to recovery. "Our nation's economy is steadily picking up," he told a briefing in the morning.

Japan economy heats up in first quarter

Agence France-PresseJune 10, 2013 03:43

Japan's economy expanded faster than previously thought in the first quarter, according to fresh data Monday that was likely to boost support for Tokyo's efforts at stoking growth. The Cabinet Office said revised data showed annualised growth came in at 4.1 percent in January-March, up from a preliminary reading of 3.5 percent and well ahead of many other industrialised nations who are struggling to stoke their economies.

Japan to target 3% nominal economic growth for coming decade

Kyodo News InternationalJune 6, 2013 01:01

The Japanese government plans to target an average nominal economic growth rate of 3 percent per year or a real rate of 2 percent for the coming decade, government sources said Wednesday. The first long-term economic growth target for Prime Minister Shinzo Abe's Cabinet, inaugurated last December, will be specified in an economic and fiscal policy guideline that the government will release in the middle of this month, they said.

S. Korea's consumer prices grow 1 pct on-year in May

Yonhap News AgencyJune 3, 2013 05:00

SEJONG, June 3 (Yonhap) -- South Korea's consumer prices grew at the slowest pace in nearly 14 years in May, indicating that inflation remains in a quite stable mode, a government report showed Monday. The country's consumer prices index rose 1 percent on-year in May, slowing from a 1.2 percent on-year gain in the previous month, according to the report by Statistics Korea.

S. Korea's consumer prices grow 1 pct on-year in May

Yonhap News AgencyJune 2, 2013 20:46

Q&A: Gyrations in financial markets raise doubts about Japan's "Abenomics" cure for deflation

The Canadian PressMay 31, 2013 06:30

TOKYO - Recent turmoil in financial markets is raising worries over Japan's economy and the deflation-busting "Abenomics" policies championed by Prime Minister Shinzo Abe. Below are some questions and answers about Abenomics and its implications: WHAT IS ABENOMICS?

Japan's deflation persists in April, industrial output falls despite month-on-month gains

The Canadian PressMay 30, 2013 22:32

TOKYO - Japan's core consumer price index fell 0.4 per cent in April from a year earlier, while industrial production also weakened, the government reported Friday. The data offer scant evidence of a rebound, though officials say the economy is on the cusp of a recovery and should show stronger gains by midyear.

IMF's Lipton: yen slightly below levels consistent with fundamentals

Thomson ReutersMay 31, 2013 00:45

By Stanley White and Tetsushi Kajimoto TOKYO (Reuters) - The yen's depreciation since last year has left it slightly below a level consistent with Japan's medium- to long-term economic fundamentals. a senior International Monetary Fund official said on Friday. David Lipton, the first deputy managing director of the IMF, said the yen's current depreciation is not problematic if accompanied by fiscal and structural reforms Prime Minister Shinzo Abe has promised to deliver.