Japan’s Economic Slowdown Amid Yen Surge Adds Pressure for Policy Action
Japan’s weakest economic growth in three quarters adds pressure on policy makers to safeguard the recovery by expanding fiscal spending and loosening monetary policy to weaken the yen.
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Kan May Face Ghost of Hashimoto as Japan’s Economy Weakens Before Tax Rise
Reports this week showed the jobless rate reached a five- month high in May, and wages, factory output and household spending fell, showing little sign of revival in domestic demand more than a year after the economy stopped shrinking.
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Japan’s finance minister praises central bank chief for fighting deflation
Japan’s Finance Minister Naoto Kan on Tuesday praised Bank of Japan (BOJ) Governor Masaaki Shirakawa for working with the government to fight deflation as the nation looks to move into a self-sustaining economic recovery. “Of course, we understand that each organization is independent, ” Kan said [...]