Honda: Japan needs tax decreases to boost growth

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Source: Bloomberg
Japanese government should decrease the corporation tax in the country in order to boost economic growth and encourage entrepreneurship. Etsuro Honda, an economic adviser of the Prime Minister Shinzo Abe said that it is reasonable to lower the tax to Germany's level of 29%. Moreover, the OECD supports the idea, adding that this point should b included in Abe's reforms' plan.
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Thu, 31 Oct 2013 16:08:16 GMT

U.S. initial claims for benefits fall as California cleared its applications backlog

Initial claims for unemployment benefits dropped by 10,000 to 340,000 last week, which is 2,000 less than expected, as applications backlog in California, caused by computer system upgrade , has been cleared, Washington Labor Department revealed today. Meanwhile, the number of job-seekers who receive state benefits rose by 31,000 to 2.88 million, two weeks earlier.

Thu, 31 Oct 2013 15:57:19 GMT

Eurozone inflation at almost 4-years low amid unemployment growth

The seventeen-nation's inflation rate declined to 0.7%, the lowest level since 2009, receding from ECB's 2% target,as energy prices dropped by 1.7% this month, almost twice as in September, while the unemployment rate continue to grow. Nevertheless, the ECB makes optimistic forecasts of 1.5% inflation rate later this year, and 1.3% in 2014.

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