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Asia

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Japan households projecting higher inflation hits 14-year high

Slideshow ( 2 images )TOKYO (Reuters) – The proportion of Japanese households expecting prices to rise a year from now has hit a 14-year high, a central bank survey showed on Thursday, as inflationary pressures from rising raw material costs grew. The quarterly survey also showed more households felt worse off than three months ago […]

Unfolding global developments poses risks to Indian economy, says RBI

FILE PHOTO: A Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi, India, November 9, 2018. REUTERS/Altaf HussainMUMBAI (Reuters) – India’s macroeconomic fundamentals remain strong but the unfolding global developments pose downside risks in terms of spillover, the Reserve Bank of India said in its monthly bulletin […]

Japan eyeing fresh stimulus package to weather surging fuel prices -Kyodo

FILE PHOTO: A Japan yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas WhiteTOKYO (Reuters) – Japan is considering compiling a fresh economic stimulus package centred on easing the pain from high energy costs, which are expected to persist given the conflict in Ukraine, Kyodo news agency reported on Wednesday. The […]

Japan eyeing fresh stimulus package to weather surging fuel prices -Kyodo

FILE PHOTO: A Japan yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas WhiteTOKYO (Reuters) – Japan is considering compiling a fresh economic stimulus package centred on easing the pain from high energy costs, which are expected to persist given the conflict in Ukraine, Kyodo news agency reported on Wednesday. The […]

India's Feb retail inflation up 6.07% y/y, above RBI target for 2nd month

NEW DELHI (Reuters) – India’s annual retail inflation in February for a second consecutive month exceeded 6%, above the central bank’s tolerance limit, while economists said policy rates were unlikely to rise soon given worries over economic recovery.FILE PHOTO: A woman shops inside the Big Bazaar retail store in Mumbai, India, November 25, 2020. REUTERS/Niharika […]

Sanctions hit will see Russia economy contract 20% Q/Q in second quarter – JPMorgan

Slideshow ( 3 images )LONDON (Reuters) – Russia’s economy is expected to contract 20% in the second quarter and by around 3.5% for the full year following intensified sanctions, JPMorgan said on Monday. “If these new sanctions are indeed imposed, the impact on the Russian economy would be severe,” Jahangir Aziz at JPMorgan said in […]

Indian economy likely lost steam in final quarter of 2021 – Reuters poll

BENGALURU (Reuters) – The Indian economy likely grew at a slower pace in the final quarter of 2021, primarily due to lacklustre manufacturing output and investment, according to economists in a Reuters poll.FILE PHOTO: A woman wearing a protective face mask buys fruit in a market, amidst the spread of the coronavirus disease (COVID-19) in […]

Poland's unemployment rate rises to 5.5% in January

FILE PHOTO: The Palace of Culture is seen behind a worker at the construction site of the new skyscraper in Warsaw, Poland October 2, 2015. REUTERS/Kacper Pempel(Reuters) – Poland’s registered unemployment rate rose to 5.5% in January compared with 5.4% in December, statistics office data showed on Wednesday, below analysts’ expectations of 5.6%. The statistics […]

Euro zone economic recovery rebounded in Feb despite soaring prices -PMI

LONDON (Reuters) – The euro zone economic recovery rebounded sharply this month as an easing of coronavirus restrictions gave a boost to the bloc’s dominant service industry, a survey showed, but consumers faced prices rising at a record rate.FILE PHOTO: Shoppers wear mask and fill Cologne’s main shopping street Hohe Strasse (High Street) in Cologne, […]

Indonesia posts $844 million deficit in Q4 BoP despite current account surplus

FILE PHOTO: Bank Indonesia’s logo is seen at its headquarters in Jakarta, Indonesia, January 17, 2019. REUTERS/Willy KurniawanJAKARTA (Reuters) – Indonesia posted an $844 million deficit in its balance of payments in the final quarter of 2021, due to capital outflows from its bond market, the central bank said in a report on Friday. The […]