Japan's economy in recession

Note: This section contains information in English only.
Source: Reuters
The Japanese economy faced an unexpected 0.4% contraction in the third quarter, the second negative quarterly growth in a row, as exports and consumer spending failed to pick up following the sales tax increase. These results cast doubts over the effectiveness of the 'Abenomics' to prompt business activity in the country and lower the chance of yet another widely discussed levy hike in the nearest future.
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Mon, 17 Nov 2014 10:34:03 GMT

Pound little changed amid Carney's speech in Singapore

The UK currency moved away from the 14-month trough reached after the downgrade of the inflation outlook in the recent report but stayed close to 1.5619, as the BoE Governor made speech in Singapore. Marc Carney mainly spoke on the topic of reliability of the modern financial system and highlighted the need for improvements in the government spending and taxation

Fri, 14 Nov 2014 11:33:04 GMT

Yen declines to seven year low versus Greenback

The Japanese currency continued to slide relative to the US Dollar against the background of indecision regarding the elections that Shinzo Abe might use to gather wider support in the parliament. USD/JPY rose more than a half of a percent today, stopping only near 116. According to Kazuo Shirai from Union Bank NA, given the current sentiment in the market,

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