Japan is considering ending its 14-year-old, $10 billion currency swap agreement with South Korea amid a deterioration in relations between the two countries, a government source told Reuters on Saturday.
Shinzo Abe
Thailand plans to build high-speed railway links connecting Bangkok to tourist destinations south of the Thai capital modeled on Japan's bullet trains, Thai Prime Minister Prayuth Chan-ocha said on Thursday.
Japan's government is likely to name academic Yutaka Harada, a proponent of aggressive steps to end deflation, to the central bank's policy board, the Nikkei newspaper said on Wednesday.
After December's landslide re-election, Japanese Prime Minister Shinzo Abe's program to revive the nation's economy is set to meet perhaps its stiffest challenge, the nation's sclerotic farming industry.
Japan began deliberating its 2030 targets for power generation on Friday, a process likely to turn contentious when nuclear restarts are considered even as the much delayed cleanup at Fukushima continues four years after the meltdowns there.
The Bank of Japan has put monetary policy on hold and found backing for its wait-and-see stance from advisors to Prime Minister Shinzo Abe, who worry more easing could send the yen to damagingly low levels, according to officials in the administration and central bank.
Japan's exports grew the most in a year in December, helped by a weak yen and a pick-up in overseas demand led by the United States, an encouraging sign for the recession-hit economy even as doubts persist about the strength of global consumption.
Unease over the global economy engulfed commodities and dented Asian equities on Wednesday, while the euro loitered near nine-year lows as investors bet the European Central Bank was just a week away from launching a new stimulus campaign.
Japan's government will propose a record budget for next fiscal year of more than $800 billion but cut borrowing for a third year, government officials said on Sunday, as Prime Minister Shinzo Abe seeks to maintain growth while curbing the heaviest debt burden in the industrial world.
Japan is asking Britain to buy its P-1 submarine-hunting jet in a deal that could top $1 billion, a major step in Prime Minister Shinzo Abe's push to arms exports after decades of self-imposed restrictions, people with knowledge of the proposal said.
Japanese manufacturing activity showed sustained growth in December, a survey showed on Monday, suggesting domestic demand continues to recover after the economy fell into a surprise recession last year.
Japan's ruling coalition has approved a tax reform plan that will cut corporate taxes from April and pledges further reductions in coming years in a bid by Prime Minister Shinzo Abe to boost profitability and bolster economic growth.
Japan aims to give a quick boost to lagging regional economies and low-income households with subsidies, merchandise vouchers and other schemes in a $29 billion stimulus package aimed at rejuvenating a two-year reflationary effort, a draft of the plan showed.
Global shares prices came under pressure on Monday as oil prices briefly sank to fresh 5-1/2 year lows in choppy trade, doing little to allay concerns that some energy producers and exporters could find themselves in dire straits as revenues slump.
Confidence among Japanese manufacturers worsened slightly in the fourth quarter and firms expect conditions to deteriorate more, highlighting the challenges premier Shinzo Abe faces in reviving the economy a day after his big win in Sunday's snap election.
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