Growth in Developed Economies Slowed in Third Quarter, OECD Says

Economic growth in developed countries slowed in the three months to September, but remains on course for a pickup in 2017 overall. The Organization for Economic Cooperation and Development said Monday the combined economic output of its 35 members was 0.6% higher in the third quarter than in the three months through June. This was a slowdown from the 0.8% growth recorded in the second quarter…

Global stocks still on track for second weekly fall

NEW YORK (Reuters) – The U.S. dollar was lower on Friday along with Wall Street stocks as investors pulled back from technology stocks and were skeptical President Donald Trump’s Republican party would succeed in its efforts at U.S. tax reform. U.S. Treasury yields edged lower, in line with declines in U.S. stock indexes and German 10-year bond yields, as risk appetites faded. The yield curve continued to flatten after strong U.S. housing starts data for October…

North Korea rules out negotiations as long as U.S.-S. Korea military drills continue

GENEVA (Reuters) – North Korea on Friday ruled out negotiations with Washington as long as joint U.S-South Korea military exercises continue, and said that Pyongyang’s atomic weapons program would remain as a deterrent against a U.S. nuclear threat. In an interview with Reuters, Han Tae Song, North Korea’s ambassador to the United Nations in Geneva, brushed off the new sanctions which the Trump administration has said it is preparing, as well as the possibility of North Korea being added to a U.S. list of states sponsoring terrorism…

German growth data boosts euro; World stocks, oil prices fall

NEW YORK (Reuters) – The euro was set for its strongest session in more than four months on Tuesday, boosted by strong economic growth in Germany, but world stocks fell for the fourth straight day as oil prices fell and investors worried about U.S. tax reform. U.S. Treasury two-year note yields climbed to a nine-year peak while long-dated debt yields fell, flattening the yield curve flattened for a second straight day, while investors braced for a Federal Reserve December rate hike…

Top four central bank chiefs defend stimulus policies

FRANKFURT – The leaders of four major central banks on Tuesday defended their sweeping stimulus policies and discussed how words themselves have become a vital tool to guide advanced economies out of the financial-crisis era. The rare joint appearance in Frankfurt by the heads of the Federal Reserve, European Central Bank, Bank of Japan and Bank of England comes as several of their governors prepare to step down, notably Fed Chairwoman Janet Yellen in February…

Trump faces Asian leaders on trade deficit

President Trump hates trade deficits — and he’s visiting a region where the U.S. has a lot of them. The U.S. runs deficits with all five countries where Trump is spending time on his lengthy tour of Asia, including particularly big ones with China and Japan. Experts say Trump’s fixation on trade balances as a way of viewing economic ties between countries is misplaced and risks undermining the broader relationships. But that’s not stopping him from complaining about the issue during his Asia trip…

IMF, BOJ board member urge Japan to maintain stimulus

TOKYO/MIYAZAKI, Japan (Reuters) – The IMF on Wednesday urged Japan to maintain its massive monetary stimulus to boost consumer prices, a view echoed by a central bank board member, reinforcing expectations policy will remain accommodative. International Monetary Fund Managing Director Christine Lagarde said Bank of Japan Governor Haruhiko Kuroda was doing the right thing by committing to keep the money spigot wide open until inflation hit his 2 percent target…

Trump says to push Japan for more ‘reciprocal’ trade, in a friendly way

TOKYO (Reuters) – U.S. President Donald Trump said on Monday that Japan would shoot North Korean missiles “out of the sky” if it bought the U.S. weaponry needed for doing so, suggesting Tokyo take a stance it has avoided until now. North Korea is pursuing nuclear weapons and missile programs in defiance of U.N. Security Council sanctions and has made no secret of its plans to develop a missile capable of hitting the U.S. mainland. It has fired two missiles over Japan…

47% of Japanese don’t want Shinzo Abe as PM: Asashi survey

TOKYO (Reuters) – Japan’s Prime Minister Shinzo Abe may have won a major election victory on Sunday, but half the people surveyed post-election by the Asahi newspaper don’t want him to stay prime minister. It seems the election victory has boosted the approval rating for Abe’s administration, but not him. Public support rate for Abe’s administration grew to 42 percent in the survey, conducted between Oct. 23 and 24, up from 38 percent in its previous survey in mid-Oct…

Japanese defense minister sounds alarm on North Korea – ABC News

Japan’s defense minister asserted Monday that North Korea’s nuclear and ballistic missile capabilities have grown to an “unprecedented, critical and imminent” level, requiring “different responses” to the threat. The minister, Itsunori Odonera, said that this rising threat compels his country to endorse the U.S. view that “all options” must be considered, which President Donald Trump says includes possible military action…

Wall Street opens at record highs, yen at 3-month lows on Abe win

LONDON (Reuters) – Japanese Prime Minister Shinzo Abe’s election victory lifted world stocks and the dollar on Monday, relegating concerns about Spain’s escalating political crisis to little more than a blip on the market radar. Abe’s emphatic win, which heralds a continuation of Japan’s hyper-easy monetary policy, kept risk-on bets in play after fresh optimism about tax cuts in the United States had pushed Wall Street to a new record on Friday…

What’s next for Japan after Abe’s emphatic win?

After Shinzo Abe’s crushing defeat of the opposition in Sunday’s election five Japan experts give their views on what lies ahead for the country – and the region. We need to talk about pacifism A mature debate about constitutional reform is exactly what Japan needs right now. It’s extremely important, but it’s been largely sidetracked by ideological disagreements from both the left and right…

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