BREAKING NEWS

Japan economy shrinks more than expected, adds to fears of global slowdown

By REUTERS

FEBRUARY 15, 2016 04:30

Updated: FEBRUARY 15, 2016 04:31

Japan's economy contracted an annualised 1.4 percent in the final quarter of last year as consumer spending slumped, adding to headaches for policymakers already wary of damage the financial market rout could inflict on a fragile recovery.

The data underscores the challenges premier Shinzo Abe faces in dragging the economy out of stagnation, as exports to emerging markets fail to gain enough momentum to make up for soft domestic demand.

Market speculation of additional monetary easing simmers, although the Bank of Japan's policy ammunition appears to be dwindling, analysts say, after it deployed negative interest rates last month.

Sweden to move on with sending troops to Latvia as part of NATO forces

By REUTERS

04/25/2024 03:37 PM

Spotify says Apple rejected app update with price info for EU users

By REUTERS

04/25/2024 03:36 PM

Hamas official: 'Israel plans to occupy 20% of the Gaza Strip'

By JERUSALEM POST STAFF

04/25/2024 03:28 PM

Iraq hangs 11 convicted of terrorism in latest mass executions

By REUTERS

04/25/2024 03:21 PM