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BoJ chief says at 'critical moment' for exiting deflation TOKYO: Bank of Japan Governor Haruhiko Kuroda said Friday Japan was at a "critical moment" in its bid to conquer years of falling prices, after policymakers ramped up its vast monetary easing programme."We can say the Japanese economy is now at a critical moment in its process of getting out of deflation," he told reporters in Tokyo. "The (easing) measures this time show the Bank of Japan's unwavering determination to exit deflation."Copyright AFP (Agence France-Presse), 2014


Bank of Japan halves fiscal year economy growth outlook to 0.5pc TOKYO: Bank of Japan (BoJ) policymakers on Friday halved their economic growth outlook for the current fiscal year, citing lacklustre exports and slack consumer spending after an April sales tax rise dented activity.The BoJ, which also ramped up its monetary easing plan Friday in a bid to counter the downturn, said it now expects the world's third largest economy to expand 0.5 percent in the year to March, well down from a 1.0 percent growth ...

Japan Airlines' H1 net profit slips 2pc, raises FY forecast TOKYO: Japan Airlines (JAL) said Friday its net profit for the April-September period slipped 0.2 percent to $724 million as a weak yen pushed up fuel costs, but the carrier also revised up its full-year earnings forecast.The company said net profit came in at 80.32 billion yen ($724 million), while sales rose 3.7 percent to 683.77 billion yen.For the fiscal year through March, JAL revised up its annual forecast to a 135 billion yen net ...

Citigroup cuts $600mn from Q3 profits for legal costs NEW YORK: Citigroup Thursday slashed its third-quarter earnings by $600 million due to higher legal costs, citing "rapidly-evolving" regulatory probes expected to result in more large settlements.Citi, which bested analyst forecasts with its October 14 earnings report, lowered quarterly net income to $2.8 billion from the originally reported $3.4 billion due to the additional charge.The $600 million is on top of the $951 million in legal expenses previously reported, which itself was an increase from ...

Sony says half-year loss balloons six-fold to almost $1.0bn TOKYO: Sony said Thursday its net loss for the April-September period ballooned to nearly $1.0 billion, as the embattled electronics firm continues to struggle in the fiercely competitive smartphone business.The firm said its net loss came in at 109.1 billion yen, way up from a loss of 16.5 billion yen in the same period last year.Sony's operating loss of 15.8 billion yen reversed an profit of 49.4 billion last year, although sales ticked up 6.5 ...

Asia-focused ANZ reports record profit of $6.5bn SYDNEY: The Australia and New Zealand Banking Group (ANZ) on Friday posted record annual net profit of Aus$7.3 billion (US$6.5 billion) -- up 15 percent -- pursuing an Asia-focused growth strategy.Cash profit, which strips out non-core items and is favoured by analysts, was up 10 percent to Aus$7.10 billion on last year.The results for ANZ, one of Australia's four major banks, were roughly in line with guidance and boosted by a 17 percent cut to ...

Japanese life insurers see further, slower shift to foreign bonds TOKYO: Japanese life insurers are looking to buy more foreign bonds in the six months to March as yields on domestic bonds have fallen to uneconomical levels due to the Bank of Japan's massive purchases as part of its monetary easing programme.Still, most of their buying will be made with currency hedges and the pace of their buying is expected to slow after fervent demand in April-September, suggesting the shift toward foreign debt will have ...


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln