Japan household spending falls in November for ninth straight month amid stagnant labor market

Dec 27, 2016 05:57 am UTC| Commentary Economy

Household spending in Japan fell for the ninth consecutive month during the period of November, following stagnancy in the countrys labor market and weak wages. The economy continues to struggle with stubborn deflation,...

Japan consumer inflation rises for second consecutive month in November, ex-food prices decline

Dec 27, 2016 05:31 am UTC| Commentary Economy

Consumer price inflation in Japan rose for the second straight month during the period of November, although it posted decline on an annualized basis, signaling thepresence of strong disinflationary headwinds for the...

Russia's economy on track for gradual recovery - President Vladimir Putin

Dec 26, 2016 15:47 pm UTC| Commentary Economy

Speaking at an annual end-of-year news conference on Friday, Russian President Vladimir Putin said that the countrys economy was on track for a gradual recovery. Slump in oil prices and the subsequent ruble crisis pushed...

Central Banking Series

BoJ's Kuroda defends yield curve control, says policy helping Japan overcome stagnation

Dec 26, 2016 15:06 pm UTC| Commentary Economy Central Banks

Bank of Japan Governor Haruhiko Kuroda in a speech at Keidanren, Japans biggest business lobby on Monday, strongly defended the central banks yield curve control policy. He said that the new policy framework had kept...

China Crisis Series

Beijing to step up property controls to cool residential property market: Xinhua

Dec 26, 2016 14:54 pm UTC| Commentary Economy Real Estate

Speculation has pushed home prices in Beijing too high, and rising social tensions pose enormous challenges to the capitals stability, Xinhua reported, citing the Beijing Municipal Committee. Beijing looks to develop a...

FxWirePro: Eurozone economy to maintain moderate growth in 2017, ECB unlikely to adopt policy change

Dec 26, 2016 10:34 am UTC| Commentary Economy

The eurozone economy is expected to maintain a moderate rate of economic growth going into 2017, undershooting the European Central Banks (ECB) objective. This will likely keep the central bank in a dovish state, although...

BoJ meeting minutes: Moderate economic recovery continues amid stable global demand

Dec 26, 2016 09:51 am UTC| Commentary Economy

In the Bank of Japans November 1 monetary policy meeting minutes, the 9-member policy board maintained optimism over the rate of economic recovery amid stabilization observed in global consumer demand. The Board noted...