Japan

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Krugman Warns Abe on Tax Increase

Economist Paul Krugman thinks that if Japan’s sales tax reaches 10%, it could mean a disastrous return to deflation, The Wall Street Journal Japan Real Time blog reported. In an interview published this week in Shukan Gendai, a weekly Japanese magazi ...

Daily Headline - global.abi.org - 09/18/2014 - 21:36 - 0 comments

Bank of Japan Buys Government Debt at Negative Yield

Tuesday marked another milestone in the topsy-turvy world of monetary easing in Japan: The Bank of Japan bought short-term Japanese government debt at a negative yield for the first time, according to market participants, The Wall Street Journal repo ...

Daily Headline - global.abi.org - 09/09/2014 - 22:17 - 0 comments

Japan’s Economy Contracts More Than Initial Estimate After Tax

Japan’s economy contracted more than the government initially estimated, highlighting the challenge for Prime Minister Shinzo Abe in steering the nation through the aftermath of a sales-tax increase, Bloomberg News reported. Gross domestic product contra ...

Daily Headline - global.abi.org - 09/07/2014 - 21:39 - 0 comments

Japan Prepares To Tackle Debt Burden

It was an odd sort of rallying cry. Just after Sadakazu Tanigaki’s appointment as secretary-general of Japan’s ruling Liberal Democratic party on Wednesday, the former finance minister said that taxes on consumption should go up again next year, accordin ...

Daily Headline - global.abi.org - 09/03/2014 - 22:17 - 0 comments

Renesas Says May Cut More Jobs, But Restructuring Past Halfway

Japanese chipmaker Renesas Electronics may cut more jobs as it finishes a massive restructuring that is focusing its business on the automotive and industrial sectors and has pulled it back into the black after years of losses, Reuters reported. Remainin ...

Daily Headline - global.abi.org - 09/02/2014 - 22:37 - 0 comments

Mt Gox Creditors Want Payouts In Bitcoins

A group of creditors of Mt Gox, the collapsed Bitcoin exchange, is threatening a shake-up of bankruptcy proceedings in Tokyo unless the administrator settles its claims in the virtual currency, the Financial Times reported. Once the world’s largest t ...

Daily Headline - global.abi.org - 07/23/2014 - 21:26 - 0 comments

Japan Trims Economic Growth Forecast

The Japanese government trimmed its economic-growth forecast for the current fiscal year ending in March but said that it won't give up on its long battle to bring its debt issuance under control, The Wall Street Journal reported. The world' ...

Daily Headline - global.abi.org - 07/22/2014 - 21:47 - 0 comments

Mt. Gox Pays Parent as Liquidation Continues

Further draining a pool of assets that will eventually be distributed to its creditors, defunct bitcoin exchange Mt. Gox has paid $188,763 to Tibanne, its parent company, as a part of its liquidation, The Wall Street Journal reported. A heavily black ...

Daily Headline - global.abi.org - 07/07/2014 - 23:09 - 0 comments

Mt. Gox U.S. Bankruptcy Approved to Help Bitcoin Hunt

Mt. Gox Co., once the world’s largest bitcoin exchange, won approval of its U.S. bankruptcy filing, giving a boost to a Japanese investigation into the disappearance of 650,000 units of the digital currency, Bloomberg Businessweek reported. U.S. Bankrupt ...

Daily Headline - global.abi.org - 06/17/2014 - 22:38 - 0 comments

Japan's Aiful Gets Creditor Support For Debt Restructuring

Japanese consumer lender Aiful Corp said on Friday its creditors had agreed with the company's plans to restructure 52.7 billion yen ($517.22 million) of the company's total 162 billion yen in debt, Reuters reported. Aiful will repay the rest o ...

Daily Headline - global.abi.org - 06/15/2014 - 21:48 - 0 comments

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