TOKYO Japan's economy shrank at the fastest pace in almost six years in the December quarter as a sales tax hike hit consumer and business spending, raising the risk of a recession as China's coronavirus outbreak chills global activity. | Video
TOKYO China has room to ramp up stimulus if its economy slows further due to the coronavirus outbreak, but should not lose sight of structural reforms to address rapid credit growth, a senior International Monetary Fund official said on Wednesday.
TOKYO Japanese household spending fell at a much faster pace than expected in December, sliding for the third straight month in a sign consumers are having a hard time coping with a sales tax hike.
TOKYO The Bank of Japan nudged up its economic growth forecasts on Tuesday and was cautiously optimistic about the global outlook, though it said ongoing risks meant it was far to soon to consider scaling down its massive stimulus program.
TOKYO Japan's core machinery orders posted record monthly growth in November, in a bright sign for business spending which has helped sustain a fragile recovery in the world's third-largest economy.
TOKYO Japan's industrial output slipped for the second straight month in November, raising the likelihood the economy will contract in the fourth quarter due to slowing demand abroad and at home. | Video
TOKYO Japan's "Abenomics" stimulus programme appears to be reaching a turning point as growth is sputtering and the hit to exports from slowing global demand is spreading to various sectors of the economy.
TOKYO Bank of Japan Governor Haruhiko Kuroda said the global economic outlook has brightened somewhat due to a preliminary U.S.-China trade deal but warned that risks to Japan's recovery remain high, signalling his resolve to keep the money spigot wide open.