Daniel Leussink

Japan on brink of recession as economy contracts, virus heightens risk

17 Feb 2020

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

IMF says China can top up stimulus if virus outbreak hurts growth

12 Feb 2020

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.

Japan's household spending slumps as sales tax, weather weigh

07 Feb 2020

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.

BOJ raises growth forecast, signals status quo on policy outlook

21 Jan 2020

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.

Japan posts record machinery orders growth in November in boost to economy

16 Jan 2020

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.

Japan's output, retail sales fall, signalling economic strains

27 Dec 2019

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

Abenomics sputters as trade damage spreads, tax revenues undershoot

23 Dec 2019

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.

BOJ's Kuroda warns of risks to Japan economy despite trade war truce

19 Dec 2019

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.

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