Japan’s inflation eases to four-year low, complicating BOJ hike
Japan's core consumer price index, which excludes fresh food, rose 1.4% in April from a year earlier, the internal affairs ministry said Friday.
Argentina's exports surge, trade surplus topped US$2.7 billion in April
INDEC national statistics bureau releases latest trade figures, showing exports rose more than 33 percent to surpass US$8.9 billion last month.
Japan’s core machinery orders fall 9.4% in March
Private-sector orders excluding those for ships and power equipment, closely watched as a leading indicator of corporate capital spending, dropped to ¥1.01 trillion.
Finance ministers from the Group of 7 leading industrialized nations have agreed on the need for action to tackle trade imbalances in a fragmented global economy, saying the current situation was unsustainable.
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G7 finance ministers urge action on economic imbalances, some point to China
G7 finance ministers and central bank governors have met in Paris to discuss the fallout from the Iran war and volatility on global markets but were light on concrete measures.
Faster economic growth supports BOJ’s case for hike
Real gross domestic product rose 2.1% on an annualized basis in the first quarter, according to a Cabinet Office report.
Japanese producer prices jump by the most since 2014, backing case for rate hike
The measure of input prices for Japanese firms rose 2.3% in April from a month earlier, a full point above the highest estimate in a survey of economists.
White House scrambles for gas-price relief as Iran war drags on
Gasoline prices are averaging more than $4.50 a gallon nationwide, and historically, $4 per gallon has been a level that triggers public backlash and economic anxiety.
Japan's economy is projected to have grown at an annualized pace of 1.8% in the first three months of the year in inflation-adjusted real terms to mark the second consecutive quarter of expansion.
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Japanese economy projected to have grown at 1.8% rate in first quarter
The impact of the war in Iran is believed to have been limited during the first quarter, but is expected to be felt in the second quarter.
War turmoil saps Asian reserves with Philippines and India hit most
The slide in reserves adds to evidence that Asia has been one of the biggest losers from the Middle East conflict due to its reliance on energy imports.
Japan’s current account surplus hit record high in March
Data on the nation's balance of payments with the rest of world showed that the surplus climbed in March to ¥4.7 trillion, up 29.1% from a year earlier.
The Japan Times
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