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OECD backs Japan tax hike and more easy money

TOKYO: Japan should raise sales taxes again next year despite wobbles in the economy caused by the first rise, and the central bank should cushion the blow with more easy money, the OECD said.

OECD backs Japan tax hike, more easy money

TOKYO: Japan should raise sales taxes again next year despite wobbles in the economy caused by the first rise, and the central bank should cushion the blow with more easy money, the OECD said Monday.

Demographic crisis empties out Japan's countryside

AYUKAWA: The tiny Japanese community of Mishima was desperate to reverse its shrinking population, so officials came up with what they hoped would be a game-changing plan: free cows.

Japan economy shrinks after sales tax rise

TOKYO: Japan’s economy suffered its biggest quarterly contraction since the 2011 quake and tsunami as a sales tax rise slammed the brakes on growth, according to data, throwing into question plans for another increase next year.

Bank of Japan holds fire on stimulus, says economy recovering

TOKYO: The Bank of Japan on Friday held off expanding its stimulus programme and said the world's number three economy was recovering, despite fears a sales tax rise will dent growth.

Toyota posts record annual profit of US$17.9bil

TOKYO: Toyota on Thursday posted a record annual net profit of US$17.9bil as the world's biggest automaker saw a recovery in major markets and got a boost from the weaker yen.

Tokyo stocks close up 0.62%

TOKYO: Tokyo stocks rose 0.62 % Tuesday after a rally on Wall Street and as the yen weakened against the dollar in response to upbeat US economic data. The benchmark Nikkei 225 index added 86.65 points to finish at 13,996.81, while the Topix index of all first-section shares climbed 0.29%, or 3.33 points, to 1,136.09.

Copper hits more than 3-week high after Chile quake

SYDNEY: London copper climbed to its highest in more than three weeks on Wednesday after a powerful earthquake off the coast of top mine supplier Chile triggered a tsunami alert, which raised supply concerns and set off a volley of technical buying.

Chile's copper mines appear to have dodge quake harm

SANTIAGO: Mines in the world No 1 copper producer Chile appear to have emerged unscathed from a major quake that struck near the mineral-rich north of the Andean country on Tuesday.

Japan economy grows in 2013, but concerns loom

TOKYO: Japan's economy logged its best performance in three years as Premier Shinzo Abe's growth blitz drove the expansion, but weak second-half data and an April sales tax rise are likely to dampen hopes for a firm recovery.