Brexit and Trump’s successful election surprise the market a lot. This year, “black swan” events frequently happen in the financial market.
As Japanese Prime Minister Shinzo Abe Wednesday decided to further delay a sales tax hike, "Abenomics" has been labeled a failure. World financial experts believe that the palliative and ineffective "Abenomics" will likely plunge Japan's economy into a "black hole."
Japanese Prime Minister Shinzo Abe said on Wednesday that he will further delay an already controversial planned tax hike from April 2017 to October 2019 in a sign that his once-revered "Abenomics" blend of economic policies has failed to breathe life into Japan's ailing economy.
Japanese Prime Minister Shinzo Abe on Wednesday announced he will delay an already controversial planned tax hike further from April 2017 to October 2019 in a surefire sign that his once-revered "Abenomics" blend of economic policies has failed to breathe life into Japan's ailing economy.
Prime Minister Shinzo Abe sought understanding from senior members of his Liberal Democratic Party on Monday over his intention to postpone the consumption tax rate hike to 10 percent by 2½ years.
Four Japanese major opposition parties on Tuesday filed a no-confidence resolution in Prime Minister Shinzo Abe's Cabinet over the possible sales tax hike delay to the lower house, urging the resignation of the prime minister.
St. Louis Federal Reserve President James Bullard said on Monday that global markets seemed to be well-prepared for possible rate hike in the United States amid growing expectations for the Federal Reserve's rate increase as early as in June.
Japanese Prime Minister Shinzo Abe has told senior members of his Cabinet and the Liberal Democratic Party that he intends to postpone for 2½ years a planned hike in the consumption tax rate to 10 percent, according to government and LDP sources.
South Korea's government said Thursday that the U.S. Federal Reserve's first rate hike in almost a decade would have only a limited impact on the South Korean economy.
The U.S. Federal Reserve's decision to leave its zero interest-rate policy unchanged has given emerging economies, including China, some breathing room, but the Fed must stay cautious of the havoc a future rate hike could cause.
The Latin American markets have been unsettled lately as the U.S. Federal Reserve (Fed) has failed to provide a clear signal on the specific date of its interest rate rises.
South Korea's central bank fell into a deeper dilemma after U.S. Federal Reserve Chair Janet Yellen's comments indicated a rate hike within this year.
Japanese Prime Minister Shinzo Abe and Finance Minister Taro Aso has agreed to delay a planned sales tax hike and make the postponed tax change unconditional on certain economic situation, local report quoted government officials as saying Tuesday.
News Analysis: Japan's PM likely to call snap election, delay 2nd tax hike, as economy slips into recession by Jon Day, Liu Tian
Japan's industrial production dropped a seasonally adjusted 1.5 percent in August from a month earlier, the Ministry of Economy, Trade and Industry (METI) said in a preliminary report Tuesday.
The Bank of Japan (BOJ), the country's central bank, should take moves to soften potential negative impacts of the government's planned next round of sales tax hike, a senior official of the Organization for Economic Cooperation and Development (OECD) urged Monday.
Business sentiment at Japan's large companies was hurt by April's sales tax hike, the first hike in 17 years, in the second quarter of 2014 for the first time in six quarters, according to a newly released government survey on Wednesday.
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