EconomyLoop
where regional business news becomes global to everyone

Dollar dips, stocks slip on Trump remarks as BOJ discusses easing

SYDNEY--The dollar declined on Monday against major currencies to its lowest in more than two weeks after U. S. President Donald Trump criticized the Federal Reserve's tightening policy, while stocks slipped... read more

 Asahi Simbun11 minutes ago

     
No chance for currency war despite Trump tweets, Treasury chief assures

U.S. Treasury Secretary Steven Mnuchin says there's no chance of a currency war erupting.When asked whether investors should be concerned about the prospects of one, ... read more

 Japan Times1 hour ago
Israel to reopen Gaza goods crossing if calm holds, no firebombs fly in

Israel will reopen its only goods crossing with the blockaded Gaza Strip on Tuesday if calm holds following a cease-fire, a minister said, after closing ... read more

 Japan Times1 hour ago
White House to showcase U.S. products as trade battles loom, even by makers opposed to Trump tariffs

U.S. President Donald Trump will showcase American-made products ranging from beef jerky and cowboy boots to the Lockheed Martin Corp F-35 fighter jet on Monday, ... read more

 Japan Times3 hours ago
Japan has no interest in trade deal just with U.S.: Yoshihide Suga

One of Japan's top policymakers indicated the government will continue to resist U.S. efforts to create a bilateral free trade agreement between the two nations."Japan ... read more

 Japan Times4 hours ago
G-20 calls for greater dialogue on trade tensions

BUENOS AIRES--Finance ministers and central bankers from the world's largest economies said on Sunday that heightened trade and geopolitical tensions risk derailing global growth, and called for greater... read more

 Asahi Simbun4 hours ago
Japan Inc. frets about a possible 'Bank of Amazon'

What if Amazon.com were to launch a bank? Consumers would likely welcome the move. Perhaps the big internet platform operator could entice its customers into letting it manage their money by offering points or discounts at its online store. (Nikkei)... read more

 News on Japan4 hours ago
Japanese firms tap banks for advice as activists circle

Japanese companies are increasingly turning to investment banks and public relations firms for advice on dealing with potential approaches by activist investors who are targeting low valuations and…... read more

 Japan Today5 hours ago
Kansai region a major battleground for gas and electric utilities

Retail power and gas heavyweights Kansai Electric Power and Osaka Gas are locked in a struggle for dominance in the Kansai region, whose economy is nearly the size…... read more

 Japan Today5 hours ago
Self-destructive behaviour: Burberry not alone

Burberry, which has been in the crosshairs for burning tens of millions of dollars of its products, is far from the only firm to destroy unsold goods to…... read more

 Japan Today5 hours ago
Ailing auto CEO Serio Marchionne had multiple roles, no script

Sergio Marchionne's achievements as one of the automotive world's most charismatic chief executives include the bold trans-Atlantic merger of Italian carmaker Fiat and U.S. No. ... read more

 Japan Times5 hours ago
Steven Mnuchin: Overall U.S. economy not harmed by trade battles but ailing sectors may get help

U.S. Treasury Secretary Steven Mnuchin said Saturday that the overall U.S. economy has not been harmed by the trade battles set off by President Donald ... read more

 Japan Times6 hours ago
G20 finance chiefs share concerns over escalating trade friction

Finance leaders from the Group of 20 major economies shared their concerns Saturday over escalating global trade friction stemming from U.S. protectionist measures as they ... read more

 Japan Times18 hours ago
Green light for casinos offers jackpot to Japanese companies

Let the competition begin.Now that Japan has passed a law outlining a road map for casino resorts, foreign operators from Las Vegas Sands Corp. to ... read more

 Japan Times18 hours ago
Jeep exec takes over Fiat, marking end of Marchionne era

Jeep executive Mike Manley will be the new CEO of Fiat Chrysler Automobiles after longtime leader Sergio Marchionne's health suddenly deteriorated following surgery. The announcement after an emergency…... read more

 Japan Today21 hours ago
Manley role at Fiat Chrysler a turning point for carmaker

The nomination of Mike Manley as CEO of Fiat Chrysler marks a turning point for the carmaker, putting a brand with historic Italian roots in ... read more

 Japan Times21 hours ago
Liberia’s biggest palm oil project quits eco-certification body

Liberia's largest palm oil company, Golden Veroleum, has quit a global eco-certification body in response to accusations from a global watchdog that it failed to ... read more

 Japan Times22 hours ago
U.S. courts allies with free trade offers at G-20, France resists

BUENOS AIRES--The United States sought to woo Europe and Japan with free trade deals on Saturday to gain leverage in an escalating tariff war with China but its overtures faced stiff resistance from France... read more

 Asahi Simbun23 hours ago
BOJ’s Kuroda keeps mum on possible steps to soften easing pain

Bank of Japan Gov. Haruhiko Kuroda stuck to the bank's playbook Saturday, declining to comment on reports that policymakers are considering measures to soften the ... read more

 Japan Times23 hours ago
Aston Martin unveils ‘sports car for the skies’ at airshow

FARNBOROUGH, England--James Bond would love it. Aston Martin, maker of the luxury sports cars favored by the fictional British spy, has now come up with a futuristic personal aircraft it has dubbed "a sports... read more

 Asahi SimbunYesterday
IMF warns G-20 that tariffs hurting economy as Trump threatens more

BUENOS AIRES--The International Monetary Fund (IMF) warned world economic leaders on Saturday that a recent wave of trade tariffs would significantly harm global growth, a day after U. S. President Donald... read more

 Asahi SimbunYesterday
Mnuchin: Overall U.S. economy not harmed by trade battles

BUENOS AIRES--U. S. Treasury Secretary Steven Mnuchin said Saturday that the overall U. S. economy has not been harmed by the trade battles set off by President Donald Trump's get-tough policies although... read more

 Asahi SimbunYesterday
Foreign supermarkets struggle to make a profit in Japan

Some of the major foreign supermarket chains that entered Japan around 2000 offering low prices made possible through bulk purchases have exited the country. (Japan Times)... read more

 News on JapanYesterday
Plight of 'Mizuho refugees' stirs debate on banking services in Japan

Imagine wrapping up a tough work week and jumping into a three-day weekend and find out the whole ATM system is down until the following Tuesday. (Japan Times)... read more

 News on JapanYesterday
Sleep quality analysis report offered to guests at Tokyo hotel

No hotel can guarantee a good night’s rest, but one Tokyo establishment can at least tell guests the quality of their shut-eye, thanks to an in-house sleep analysis service. The optional service, which diagnoses... read more

 Asahi SimbunYesterday
Women pilots fly against cockpit prejudices

When a stricken Southwest Airlines jet was expertly landed after an emergency descent in April, saving 148 lives, it was a surprise to some that a woman was…... read more

 Japan TodayYesterday
Foreign supermarkets struggle to make a profit in Japan

Some of the major foreign supermarket chains that entered Japan around 2000 offering low prices made possible through bulk purchases have exited the country.Carrefour SA ... read more

 Japan TimesYesterday
Over 20 Japanese companies and organizations oppose U.S. auto tariffs

Over 20 Japanese companies and organizations have expressed opposition to possible additional U.S. tariffs on automobile and auto parts imports.Among them are automakers Toyota Motor ... read more

 Japan TimesYesterday
Toyota founder inducted into Automotive Hall of Fame

Toyota Motor Corp. founder Kiichiro Toyoda has been inducted into the Automotive Hall of Fame in the United States, the top Japanese automaker has said.Kiichiro's ... read more

 Japan TimesYesterday
Group of 20 draft cites growing trade tensions — diplomatically

Delegates at the Group of 20 meeting of finance ministers and central bank chiefs Friday began the delicate task of addressing growing trade tensions without ... read more

 Japan TimesYesterday
Japan to gear up for casino introduction as early as mid-2020s

The government is set to begin in earnest preparations for the launch of Japan's first legal casino as early as the mid-2020s, after a casino introduction bill was enacted Friday. (Jiji)... read more

 News on Japan2 days ago
Billion garments discarded as workers toil in sweatshops

A mountain of corrugated boxes filled with knitwear, hoodies, skirts and other garments from popular brands among leading retailing websites is stored at a warehouse of Osaka-based inventory clearance agent... read more

 Asahi Simbun2 days ago
Heading for clouds: Aviation sector faces trade turbulence

Aviation is soaring: Passenger traffic is up, fuel prices are under control and rising demand from Asia is driving aircraft orders. So what could possibly go wrong? One…... read more

 Japan Today2 days ago
Japan's LNG imports fall to lowest since May 2016

Japanese imports of liquefied natural gas (LNG) in June fell to the lowest in more than two years as the country's utilities switched on more nuclear reactors that…... read more

 Japan Today2 days ago
Japan lifts ban on Canadian wheat imports

Japan on Friday lifted a ban on Canadian wheat imports more than a month after it halted shipments following the discovery of unauthorised genetically modified (GM) plants there.…... read more

 Japan Today2 days ago
‘Hi, I’m a soybean’: In trade war, China deploys cartoon legume to reach U.S. farmers

In the tense trade war with the United States, China's government has turned to an unlikely weapon: a cartoon bean."Hi, everybody. I am a soybean. ... read more

 Japan Times2 days ago
Dollar softens to around ¥112.40 in Tokyo after Trump expresses concern about currency’s strength

The dollar was weaker around ¥112.40 in Tokyo trading late Friday, affected by U.S. President Donald Trump's comments Thursday showing concern about the dollar's strength.At ... read more

 Japan Times2 days ago
Despite brief rally, Tokyo stocks fall on profit-taking

Stocks lost further ground on the Tokyo Stock Exchange on Friday, hit by profit-taking after a brief rally.The 225-issue Nikkei average lost 66.80 points, or ... read more

 Japan Times2 days ago
Hong Kong to relax four-prefecture ban on some Japanese food imports

The Hong Kong government announced Friday it is relaxing a seven-year-old ban on food imports from four Japanese prefectures that was imposed in the wake ... read more

 Japan Times2 days ago
Otsuka Pharmaceutical launches Oronamin C drink in Indonesia

Otsuka Pharmaceutical Co. has launched its popular vitamin drink Oronamin C in Indonesia to cash in on growing demand from health-conscious consumers in Southeast Asia's ... read more

 Japan Times2 days ago
In Tokyo, inventors showcase new creations that offer relief from sweltering heat

A jacket with built-in fans, a road coating that reins in heat, and factory mist sprayers were on offer at a three-day trade fair in ... read more

 Japan Times2 days ago
Demand for precooked ingredients for use by supermarkets and restaurants on the rise in Japan

Demand for precooked ingredients for use by cooking staff at supermarkets and restaurants is increasing in Japan, with many such establishments facing difficulties securing experienced ... read more

 Japan Times2 days ago
Japan’s core inflation rate rises to 0.8% in June on higher energy costs

The country's underlying inflation rate edged up in June amid rising energy costs, government data showed Friday, though it continued to fall short of the ... read more

 Japan Times2 days ago
Kansai a major battleground for gas and electric utilities

OSAKA--Retail power and gas heavyweights Kansai Electric Power and Osaka Gas are locked in a struggle for dominance in the Kansai region, whose economy is nearly the size of South Korea's and includes Osaka,... read more

 Asahi Simbun2 days ago
Toyota to close Shizuoka plant over next few years

Toyota Motor Corp. will cease production at a plant operated by one of its subsidiaries in Shizuoka Prefecture by 2020 at the earliest, moving its ... read more

 Japan Times2 days ago
North Korean economy declined at sharpest rate in 20 years in 2017: Bank of Korea

North Korea's economy contracted at the sharpest rate in two decades in 2017, South Korea's central bank estimated on Friday, in a clear sign that ... read more

 Japan Times2 days ago
Ukrainian nuclear reactor now using all non-Russian fuel for the first time

Ukrainian authorities said on Thursday that the first unit of a nuclear power plant was fully loaded with fuel from Westinghouse Electric Co. as Kiev ... read more

 Japan Times2 days ago
Japan, EU, Canada and industry groups oppose proposed U.S. duties on imported cars

Japan, the European Union and Canada on Thursday expressed opposition to U.S. President Donald Trump's proposal of additional tariffs of up to 25 percent on ... read more

 Japan Times3 days ago
Oregon wildfires crush hopes of wheat farmers during bumper harvest

Farmers rushed to save their livelihoods as a wildfire roared through vast Oregon wheat fields Thursday and crushed their hopes at the peak of what ... read more

 Japan Times3 days ago
Sinclair accused of misleading FCC as $3.9 billion Tribune deal goes to a hearing

Regulators accused Sinclair Broadcast Group Inc. of misleading them as it sought approval to buy Tribune Media Co. — and sent their companies' proposed $3.9 ... read more

 Japan Times3 days ago