Japan Post Privatisation To Create World’s Largest Bank

The Japanese postal system has today begun its initial privatisation, as part of a decade long plan that will see the state run service become the largest commercial bank in the world.
The Japanese postal service Japan Post will begin its fragmentation today amongst the private sector organisations that have won contracts for the initial term, […]

Japan Surplus Grows Through August

The Japanese trade surplus has shown growth to its widest level in almost 25 years in August, as a result of strong continuing trade with neighbouring Asian nations and Europe, according to official figures released today.
The monthly trade surplus reflects the difference between exports and imports within the economy, and is taken as a symbol […]

World Bank Project Increase In Chinese Growth

The World Bank has announced today that it is increasing its projection of China’s economic growth over the year by 1%, as a result of growing consumer spending within the economy.
The announcement takes the prediction of growth in China for the year to 11.3%, revised upwards from a previous forecast of growth at around 10.4% […]

Chinese CPI Likely To Grow Beyond Estimates

The Chinese consumer price index is said to be likely to outstrip the government’s target over the course of this year, according to an announcement made at a press conference today.
The announcement from Su Ning of the Chinese Central Bank described that it was looking likely that the Chinese CPI would grow by more than […]

Inflation The Biggest Threat To China, According To Authorities

Chinese authorities have announced that inflation is likely to pose the biggest threat to their economic health and development over the short term.
The announcement came after startling increases in the price of food, which analysts say have the potential to lead to civil unrest within the economy, as families struggle to meet the rising costs […]

India In Second Place For Nokia

Mobile phone giant Nokia has announced today that India is leading the way behind China as its second largest market, according to sales.
Until now, Nokia had enjoyed its second highest market in the US.  However, the announcement today reflects how far the Indian economy has come over the last few years, given that it now […]

Japan In Further Trade Talks With India

Japanese Prime Minister Shinzo Abe has been meeting delegate in India today on official state business, as Japan looks to further broaden its trade agreements.
Japan have shown interest in forming a strategic partnership with India, largely designed to help promote mutual growth through reciprocal trade links, as well as looking at global warming and nuclear […]

Japan Growth Paltry 0.1%

The Japanese economy has grown by a poor 0.1% over the second quarter of this year, leading to ongoing speculation as to the future of interest rates.
The growth of just 0.1% reflects the impact of previous economic control measures, and has led to the revision of interest rate forecasts for the coming few weeks.
The Japanese […]

Inflation On The Increase In India

Official figures released today in India have shown an increase in the rate of inflation for the week ended July 28th.
The figures released today show rising prices across a number of key products as determined through the consumer price index, leading to growing speculation about further inflation-calming measures in the near future.
One of the world’s […]

Wealth Gap Increases Throughout Asia

The wealth gap that separates the richest and poorest citizens in society has increased across Asia, according to a study released today.
The figures measured the difference in income between the top and bottom earning sectors several years ago, and then compared the results with recent findings to track the progress of Asian economies in minimising […]

India Increase Bank Reserves To Curb Inflation

The Indian Central Bank has today announced measures designed to curb inflation in one of the world’s fastest growing economies.
India has experienced exceptional economic growth over the last few years, prompting fears amongst analysts that inflation may continue to get out of hand and devalue the rupee.
The central bank has increased the cash reserve ration […]

China Reining In Economic Growth

China has today increased its interest rates to the highest level in almost 3 years.
China, boasting the world’s fourth largest economy, has posted growth across the economy of 11.9% - significantly outstripping any other economy in the developed world.
With extreme growth in any economy comes the major danger of inflation, ultimately leading to international economic […]

China And Turkmenistan Seal Pipeline Deal

China has today agreed to allow the Turkmenistan State Gas Company to produce and transport natural gas through Chinese territory. 
With depleting oil reserves, and the ever increasing price of crude oil, natural gas is becoming a more serious consideration with demand perpetually increasing throughout Asia and the Western world.
However to date, the only existing pipeline […]

China Beats Analyst Predictions

China has released figures reflecting an improved level of economic growth on predictions for the year 2006.
The super-charged Chinese economy grew well beyond economic analyst forecasts throughout 2006, making it a strong contender for Germany’s third place spot in terms of world rankings over the coming years.
China has seen widespread economic benefits through increasing exports, […]

Japan to request EU accept its accounting rules

Japanese companies could be left out of capital markets in the European Union if accounting standards in used in Japan are not brought into compliance with EU accounting rules before a deadline set by Brussels. Japans Financial Services Agency says that while it has been working toward compliance, but that Brussels has asked for […]

China’s tax breaks for foreign companies reported to end

China is expected to end the special tax status it has granted to foreign companies operating in the Asian nation until now. The Chinese legislature, which meets beginning Monday, is expected to enact a new law that will raise the amount of taxes foreign companies pay there while lowering taxes for many Chinese companies. […]

China says developed nations bear responsiblity for cutting emissions

A spokesperson for Chinas foreign ministry has made comments blaming developed nations for global warming and said that those nations are responsible for cutting emissions. The remarks come in the wake of a report from the United Nations Intergovernmental Panel on Climate Change last week that said the evidence that human activity in causing […]

Stock exchanges announce cooperation agreement

The respective leaders of the New York Stock Exchange and the Tokyo Stock Exchange said Wednesday that the two exchanges have reached a non-exclusive agreement to cooperate in areas such as financial products, mutual listings, and technology. The deal, which increases the NYSEs worldwide influence, could eventually lead to a merger between the two […]

Bank of Japan governor announces interest rate hike, says he won’t resign

The Bank of Japan met the expectations of most analysts, voting unanimously to raise interest rates above zero for the first time in six years. The unsecured overnight call rate went from zero to 0.25 percent, while the official discount rate rose from 0.10 percent to 0.40 percent.Along with the rate hikes, the Bank […]

Overnight rate causes speculation that Bank of Japan might raise interest rates

In an attempt to keep overnight interest rates in check, the Bank of Japan put 1,500 billion ($13.5 billion) into money markets after rates again challenged the 0.1 percent ceiling set by the Banks current policy of keeping interest rates at zero for all practical purposes. The move, which came after the Bank put […]

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