Japanese PM Orders Stimulus Measures to Fight Deflation

Prime Minister Shinzo Abe ordered his ministers Tuesday to compile economic stimulus measures to overcome deflation as a slowdown in emerging economies and the yen’s appreciation threaten Japan’s economic recovery. The government is likely to submit a supplementary budget plan to an extraordinary Diet session expected to be convened this autumn. It will likely consider […]

Gold Purchases Rise in Japan

Tetsushi Kudo, a 50-year-old office worker, bought a one-ounce gold coin this month for the first time. With stocks slumping and zero percent interest on savings, he says it won’t be the last. “I want to buy gold every year as a birthday present for my daughter,” Kudo said at a store in Tokyo’s posh […]