The British pound rose sharply after the Scottish independence vote indicated Scotland would remain in the United Kingdom, while Wall Street's overnight gains and Alibaba Group's red-hot initial public offering underpinned Asian shares.
Shinzo Abe
China will pledge to invest billions of dollars in India's rail network during a visit by President Xi Jinping this week, bringing more than diplomatic nicety to the neighbors' first summit since Narendra Modi became prime minister in May.
Japanese Prime Minister Shinzo Abe said on Sunday he remained "neutral" on whether to proceed with a hike in Japan's sales tax to 10 percent, adding that decision would hinge on the strength of economic indicators for the current quarter.
Asian share market sentiment was cautious on Thursday after U.S. President Barack Obama vowed to fight Islamic State militants, while the dollar pushed to fresh six-year highs against the yen.
Japan's economy shrank an annualised 7.1 percent in April-June from the previous quarter, more than a preliminary estimate, underscoring concerns the hit from an April increase in the sales tax may have been bigger than expected.
Japan's Nikkei share average ended at a seven-month high on Tuesday in active trade as the yen slipped to a seven-month low against the dollar, sending exporters higher on hopes of a boost to earnings.
Indian Prime Minister Narendra Modi arrived in Japan on Saturday seeking to capitalise on his affinity with Japanese counterpart Shinzo Abe to strengthen security and business ties on his first major foreign visit since his landslide election victory in May.
Bloomberg Businessweek reported that Japanese hedge funds posted record returns this year as investors bet that Abenomics will bring the world's third-largest economy back on its feet.
The JPY18.6 trillion or USD182 billion economic plan for Japan was approved by the state's cabinet under Prime Minister Shinzo Abe. The core of the package is the JPY5.5 trillion in spending measures Abe ordered back in October this year.
Government Pension Investment Fund president Takahiro Mitani's comments about Bank of Japan meeting its 2% infaltion goal was contradictory to the statements made by Prime Minister Shinzo Abe appointee and economist Takatoshi Ito.
The purportedly massive USD53 billion economic stimulus package by the government of Japan was to aid the country from its high tax rates imposed in April this year, said government ministers.
The Japanese equities market is making a comeback under the leadership of Prime Minister Shinzo Abe. In his Forbes report, contributor Panos Mourdoukoutas suggests four ways investors can trade the Japanese tsunami on equities.
According to sources who were familiar with the proceedings, the government of Japan will be making the USD1.2 trillion Government Pension Investment Fund (GPIF) exist as a separate entity in order to diversify its investments.
Prime Minister Shinzo Abe created the “Abenomics” policy for Japan's stagnant economy.
Prime Minister Shinzo Abe faced a tough test on whether or not permit foreign firms operating in Japan to easily fire out workers after IBM was sued for illegal termination of employees.
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