TOKYO The head of Japan's bank lobby on Thursday urged the Bank of Japan to review its 2 percent inflation target and ultra-loose monetary policy, saying that sticking with its elusive inflation goal would do more harm than good.
TOKYO Japan's household spending rose slightly and higher bonus payments lifted wages in December, though the underlying trends in these two gauges showed only modest improvement and pointed to a difficult year for the economy as risks to growth increases.
TOKYO Japanese Prime Minister Shinzo Abe praised the Bank of Japan's ultra-loose monetary policy for helping create jobs, suggesting the government wasn't unduly worried that inflation remains distant from the central bank's 2 percent target.
SHIMONOSEKI, Japan The Bank of Japan can deploy various tools, or a combination of them, if it were necessary to expand stimulus, but would be mindful of the side effects of prolonged easing, the central bank's deputy governor Masayoshi Amamiya said on Thursday.
DAVOS, Switzerland Impatient with a lack of World Trade Organization rules on the explosive growth of e-commerce, 76 members - including the United States, China, the European Union and Japan - agreed on Friday to start negotiating a new framework.
* China wants developing countries' interests protected
(Edits, adds more details, Chinese reaction, Indian stance)
DAVOS, Switzerland, Jan 25 Impatient with the
lack of World Trade Organization rules to cover the explosive
growth of e-commerce, 76 countries and regions agreed on Friday
to start negotiating this year on a set of open and predictable
DAVOS, Switzerland Japan's central bank chief, Haruhiko Kuroda, said on Thursday that fintech companies could disrupt the banking system of advanced economies in a serious way.
DAVOS, Switzerland International Monetary Fund chief Christine Lagarde on Thursday warned countries against relying too much on monetary policy to counter another economic downturn, urging them to undertake fiscal and structural reforms to boost their economies' resilience to shocks.