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Japan's Amari: want to ensure real wages rise this year TOKYO: Japanese Economics Minister Akira Amari said on Tuesday he wanted to focus on ensuring that real wages start rising this year to help improve growth and pull the economy further from 15 years of deflation. Amari, speaking to reporters, said this year the government has to show that its reflationary policies and structural reforms are showing results. Consumer spending and economic growth disappointed last year partly because real wages fell as they failed to keep pace with consumer price gains. Copyright Reuters, 2014 ...

Japan proposes joint work on Australia sub fleet: report TOKYO: Japan is proposing jointly building Australia's new submarines, instead of exporting a new fleet, a report said Monday, after concerns in Canberra over the effect on the domestic ship-building industry.Under the proposal, Japan's defence ministry is to cooperate with Australia in developing special steel and other materials for its new submarines, while Tokyo will be in charge of assembling them, the Mainichi Shimbun said.The Australian side has taken "a positive stance" on the proposal, ...
Suspected killer on trial in China wrongful execution case BEIJING: A man who confessed to murdering a woman in China 18 years ago went on trial Monday, three weeks after a court cleared a teenager who was wrongfully executed for the crime.The Intermediate People's Court in Hohhot, the capital of China's northern Inner Mongolia region, opened the proceedings against Zhao Zhihong and is expected to announce a verdict this week, according to a statement on its official microblog.The case -- which has highlighted the ...
China abolishes tobacco price controls: govt BEIJING: China has abolished price controls on tobacco leaf, the last agricultural product to have limits, the country's top economic planner said as authorities seek to give the market a greater economic role.But tobacco leaf prices are only a small factor in the cost of cigarettes -- a state monopoly in China -- so the move is unlikely to have a significant effect on smokers.China is the world's biggest cigarette market and government efforts to ...
Bushfire burns out of control in southern Australia SYDNEY: Houses were lost as an intense bushfire raged out of control in South Australia on Saturday, as authorities warned the state faced its worst wildfire danger since deadly 1983 blazes.Officials said the scenic Adelaide Hills, northeast of Adelaide city, faced "an incredibly dangerous fire" which, with high winds and temperatures forecast, was impossible to fight head-on.Dotted with pretty villages, the area is known for its farming produce and wineries and has a population of ...
Iran hosting largest population of world refugees: UNHCR ISLAMABAD: Iran has been hosting the largest population of refugees in world during the past 3 decades, said representative of UN High Commissioner for Refugees in Iran.In the message read on behalf of United Nations High Commissioner for Refugees Sivanka Dhanapala in 1st Orumiyeh International Crisis Management Conference in Favor of Refugees and Asylum Seekers, he said that Iran has been for more than 3 decades hosting the largest volume of refugees in the world, ...
South Korea welcomes talks offer from North's leader as 'meaningful' SEOUL: South Korea Thursday welcomed a call by North Korean leader Kim Jong-Un for top-level talks as "meaningful" and suggested the two sides resume dialogue soon."Our government hopes South and North Korea will hold dialogue without formality in the near future," Ryoo Kihl-Jae, the South's unification minister in charge of inter-Korean affairs, told a briefing."The government takes (Kim's message) as meaningful as it showed an advanced attitude towards inter-Korean dialogue and exchanges."Copyright AFP (Agence France-Presse), ...

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln