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TOKYO, Aug. 12 (Xinhua) -- Japan's current account surplus dropped to a more than five-year low in the first half of 2020 as the coronavirus pandemic took a severe toll on the nation's exports, the government said in a report on Tuesday.
TOKYO, Aug 3 (Reuters): Japan's multibillion-dollar campaign aimed at reviving domestic tourism is ill-timed and not the best use of taxpayer money, said Yutaka Harada, a former central bank board member and vocal advocate of premier Shinzo Abe's "Abenomics" policies.
WHEN chairman Jerome Powell (pic) announced after last Wednesday’s Federal Open Market Committee meeting that the Fed is “committed to using its full range of tools to support the US economy in this challenging time”, the market interpreted it as the Fed would do “whatever it takes” to support the United States facing the worst pandemic and economic recession since the 1930s.
TOKYO: Rating agency Fitch on Wednesday revised its outlook on Japan's long-term foreign currency debt rating to negative from stable, citing the sharp Covid-19 coronavirus-induced domestic economic contraction.
TOKYO: Big data is providing some surprising results for the Bank of Japan (BoJ) and helping ease concerns about pressure on the economy during the coronavirus pandemic, which could influence the way the BoJ manages the world’s most radical monetary stimulus
TOKYO: Bank of Japan (BoJ) policymakers debated the risk of the country sliding back into deflation but stopped short of advocating stronger steps to prevent firms from going insolvent due to the coronavirus pandemic, accoridng to minutes of their June meeting.
TOKYO: Bank of Japan policymakers debated the risk of the country sliding back into deflation but stopped short of advocating stronger steps to prevent firms from going insolvent due to the coronavirus pandemic, minutes of their June meeting showed.
TOKYO: The Bank of Japan kept monetary policy steady on Wednesday and maintained its view that the economy would gradually emerge from the coronavirus pandemic's devastating blow, signalling a pause after delivering stimulus twice so far this year.
TOKYO (AFP): Japan's economy will contract 4.7 per cent in the year to March 2021, the central bank said Wednesday (July 15), projecting a recovery the following year but warning deep uncertainty remains.