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Japan:
Second India-Japan strategic dialogue on economic issues
China:
India-Brazil-South Africa to cooperate in health sector
South Korea:
South Korea Gives US Beef The All Clear
India:
Indian government approves re-structured APDRP
Pakistan:
Restoration of Indo-Pak dialogue to push trade
Singapore:
India-Brazil-South Africa to cooperate in health sector
Thailand:
Fastest Growth for Thailand Economy in Six Quarters
Taiwan:
Taiwan Enjoy Expanded Trade Surplus
Indonesia:
Central Bank Chief Of Indonesia Detained
Malaysia:
Malaysia economy grows and banking liberalises
Second India-Japan strategic dialogue on economic issues
by Ed RobertsIndian delegation led by Dr. D. Subbarao, Finance Secretary and Mr. M.Kohno, Deputy Minister, Ministry of Foreign Affairs of Japan, participated in the Second India-Japan Strategic Dialogue on Economic Issues, which was held in Tokyo, last week.
The two sides discussed on Japanese support for two flagship infrastructure projects, which include, Delhi-Mumbai Dedicated Freight Corridor; and [...]
Changes in air service agreement with Japan
by Jo BlackCivil Aviation Delegations of India and Japan held a meeting in Tokyo on 17-18 June, 2008 to discuss matters relating to further development of aviation relations between the two countries.
In a significant breakthrough, the Japanese Government have agreed to allot 20 additional slots w.e.f. March 2010 at the congested Narita international airport at Tokyo [...]
Leaders for Indian manufacturing heading to Japan
by Jo BlackThe 1st batch of the Visionary Leaders for Manufacturing (VLFM) Programme being implemented in India by Confederation of Indian Industry (CII) will arrive in Japan on May 25, 2008 for the final leg of this unique learning programme.
The programme, being implemented with the tremendous support of Japan International Cooperation Agency (JICA) has 46 participants [...]
Inflation and Jobless Figures Rise In Japan
by Rohan ParkerThe unemployment rate in Japan has risen for the first time in five months, along with consumer prices hiking up faster than has been seen for nearly a decade, which all serves to fuel fears that the Japanese economy may be rapidly declining into a recession.
According to the bureau of statistics in Tokyo, the [...]
Currency swap agreement between India and Japan
by Jo BlackIndian federal government gave its approval for authorizing the Reserve Bank of India to sign the proposed Currency Swap Agreement with the Bank of Japan to exchange an amount of US $ 3 billion against the respective domestic currency for mitigating short term Balance of Payment (BOP) problem.
The actual draw down will be effected [...]
Toyota and Nomura Stocks Down Second Week In A Row
by Rohan ParkerFor the second week in a row, Asian stocks declined, which has raised concerns anew over losses increasing in the credit market turmoil and the increased instability of the dollar.
As the dollar traded against the yen at a 12-year low, Toyota Motor Corp. was stung in the market, as they gain 37% of sales from [...]
Bush Explains Descent of Dollar As ‘Adjusting’
by Rohan ParkerU.S. President George W. Bush has tried to explain away the current downward spiral of the U.S. dollar - which is at it’s lowest point against the Japanese Yen since 1995 - as the dollar just ‘adjusting’.
Bush also stated that the current record low against the euro was not ‘good tidings’ for champions of a [...]
Wages Rise by One Percent in Japan, the Greatest Rate in 19 Months
by Michelle RobertsWages in Japan climbed by one percent which was the greatest pace the wages experienced in as many as nineteen months in January. The Japanese Labor Ministry said that this rise in wages will work as an encouragement for customers when export driven development of the economy is set to grow down. Monthly wages that [...]
Thursday, February 28, 2008Industrial Production in Japan Drops, Risks Economic Slowdown
by Michelle RobertsThe industrial output of Japan dropped by double than estimated in January this year and this lowered stock prices on speculation that Japan’s economy might have to suffer a slowdown or even shrink for the first quarter of 2008. Economists estimate the yield to drop in January or March from the earlier quarter. Chief economist [...]
Monday, October 1, 2007Tankan Survey Reflects Mixed Sentiment
by Stewart DouglasInvestor and commercial confidence in Japan has fallen, remaining stagnant in places, on the back of ongoing global market volatility according to the results of an official survey released today.
The Bank of Japan’s respected tankan survey, encompassing a body of 10,000 companies, reflected no change in its sentiment index which focuses on the feelings amongst [...]
Japan Consumer Prices Fall
by Stewart DouglasThe Japanese economy appears to be still caught up in a deflation cycle which has seen consumer prices fall steadily over the course of calendar year 2007, according to official figures released today.
In the figures released by the Bank of Japan, consumer prices on average feel by around 0.1% over August from this time last [...]
Bank of Japan Maintain Rates Again
by Stewart DouglasThe Bank of Japan has today announced its decision to maintain interest rates at 0.5% for the seventh consecutive month, in a move that was backed by a majority of eight to one amidst current market fears.
The move reflects the ongoing turmoil in stock markets and the global financial sector as a result of the [...]
Nikkei Losses After Abe Resigns
by Stewart DouglasThe Japanese Nikkei stock exchange has fallen after Prime Minister Shinzo Abe announced his resignation from office in a shock move today, which sees widespread uncertainty as to who will assume leadership.
The Nikkei experienced losses of around 0.5% over the course of trade, despite the influence of positive news from OPEC and the troubled US [...]
Nikkei Plummets After US Fears Continue
by Stewart DouglasThe leading Japanese share index, the Nikkei 225, has suffered extensive losses through trade today with markets continuing to panic in the wake of negative trading from the US.
With employment in the US economy falling unexpectedly at the end of last week, and trading on both the Dow Jones and the NASDAQ, as well as [...]
Nippon Oil To Pay Yen For Supply
by Stewart DouglasJapanese oil company Nippon Oil have announced today that they are to begin buying Iranian oil in Japanese Yen, rather than in dollars as present.
As of October, the Japanese firm will pay only in Yen for its oil supplied through Iran, which has adopted a policy of selling its exports in other currencies as a [...]
Japan Corporate Spending Down 22%
by Stewart DouglasInvestment in capital assets across Japan’s leading companies fell over the second quarter year on year, according to figures released today, which could be suggesting an overall downward trend in the Japanese economy.
The official figures reflected an overall decline in capital investment spending from the same period last year, prompting fears of a general slowdown [...]
Mizuno: Japanese Rate Decisions Have Contributed To Worldwide Volatility
by Stewart DouglasThe dissenting member of the Bank of Japan policy committee today announced his feelings that the low Japanese interest rates may have been contributing to the wider global economic situation.
In a speech made today, the only dissenting member in the 8-1 decision to maintain interest rates at 0.5%, Atsushi Mizuno said that in his opinion [...]
Bank of Japan Put Economy On Track For Sustainable Price Growth
by Stewart DouglasThe policy board of the Bank of Japan have suggested that the Japanese economy is likely to follow a stable price growth curve over the next few weeks, according to the minutes of the last meeting.
The minutes, which were published today, reflected a commitment to maintaining monetary policy under the current economic climate, showing perceived [...]
Japan In Prelim Trade Agreement With ASEAN
by Stewart DouglasJapan has today announced that it has come to an agreement with the Association of South East Asian Nations (Asean) that would see free trade between the member states.
The economic body comprised of delegates from Asean member states, accounts for a significant proportion of bi-lateral trade with Japan, and would see the region turn virtually [...]
Bank of Japan Maintain Interest Rates Freeze
by Stewart DouglasThe Bank of Japan has today announced its decision to maintain interest rates for the sixth consecutive month.
The central bank, responsible for determining interest rate policy on a monthly basis, has chosen to maintain interest rates at 0.5%, after widespread speculation that they would increase by a quarter of a percentage point.
The move has been [...]