Japan’s prime minister is likely to nominate an advocate of aggressive monetary policy easing – Asian Development Bank President Haruhiko Kuroda – as the next central bank governor to step up his fight to finally rid the country of deflation. Shinzo Abe won a big election victory in December promising […]
Tag: Japan
Huge trade deficit would be problem for Japan-finmin
Finance Minister Taro Aso said on Thursday it would be a problem if Japan continues to run a huge trade deficit due to rising energy costs. Japan is now importing more oil and gas to make up for energy shortfalls after the shutdown of nuclear power plants due to the […]
Yen resumes fall after G20, U.S. holiday thins trade
The yen resumed falling on Monday after Japan signaled it would push ahead with expansionist monetary policies having escaped criticism from the world’s 20 biggest economies at the weekend. Industrial metals also dipped and European shares were soft on lingering worries about the economic outlook, especially for the euro zone. […]
