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Ex-BOJ deputy governor warns of demerits of easy policy


TOKYO Years of heavy money printing by the Bank of Japan has made the bond market dysfunctional and fiscal policy heavily dependent on cheap money offered by the bank, a former BOJ deputy governor said, warning against expanding monetary stimulus further.

Carney says UK-EU trade links could be global template

LONDON Britain's future trading relations in financial services with the European Union could be a template for a global regulatory system, Bank of England Governor Mark Carney said on Tuesday.

Business, UK, Money Home, Money 26 Oct 2016

Falling exports and weak household spending seen slowing Japan's third quarter growth - poll

TOKYO Japan's exports and household spending were expected to fall in the year to September, a Reuters poll found on Friday, in a sign weakness in external and domestic demand could weigh on economic recovery in the third quarter.

Business, Japan 21 Oct 2016

Merkel says Africa to be priority for German G20 presidency

ADDIS ABABA German Chancellor Angela Merkel, on a trip to Ethiopia, said she would make Africa a priority for Germany's G20 presidency next year and outlined plans for a conference in Berlin.

World, Africa 11 Oct 2016

Merkel calls on African Union to help solve Libya conflict

ADDIS ABABA German Chancellor Angela Merkel, on a trip to Ethiopia, said she wanted the African Union to get involved in trying to solve the conflict in Libya.

World, Libya, Africa 11 Oct 2016

Risks in China's banking system controllable even as bad loans rise - PBOC Zhou

BEIJING Risks in China's banking system are controllable even as bad loans increase, said the governor of the country's central bank.

Business, 09 Oct 2016

IMF's Lipton likes Bank of Japan policy revamp, calls for more 'arrows'

WASHINGTON International Monetary Fund First Deputy Managing Director David Lipton welcomed the Bank of Japan's new policy framework as a boost to its credibility, but called for more vigorous fiscal and structural policies to reflate a fragile economic recovery.

Business, Japan, IMF 09 Oct 2016

Beijing says China to improve access for foreign companies

BEIJING China's State Council, or cabinet, said on Saturday the country is committed to improve access for foreign companies in China, as part of "a new round of high-level opening up".

Business, 08 Oct 2016

Kuroda says BOJ easing alone can't achieve balanced growth

WASHINGTON Bank of Japan Governor Haruhiko Kuroda said it was hard to achieve balanced economic growth with monetary policy alone, adding that G20 nations shared the view fiscal and structural policies must also play a key role in boosting growth.

Business, Japan 08 Oct 2016

U.S.' Lew says must avoid competitive devaluation in meeting with Aso

WASHINGTON U.S. Treasury Secretary Jack Lew stressed the importance of adhering to a Group of 20 agreement to refrain from competitive currency devaluation in a meeting with his Japanese counterpart Taro Aso, the U.S. Treasury Department said on Friday.

Business, Japan 08 Oct 2016



Global GDP comparison

A graphical look at the world's top economies by size and per-capita production.  Interactive