Sunday, March 29, 2015   

BOJ mulls policy as industrial output falters
(04-30 11:26)

Japan's central bank was meeting Wednesday to assess the status of the country's economic recovery, as monthly data showed industrial output and wage growth falling short of expectations.
Economists are not expecting an immediate move by the Bank of Japan to relax already ultra-loose monetary policy following an April 1 tax hike that is likely to sap growth as consumers adjust to higher costs.
But pressure for more action is building with signs the recovery was weaker than expected ahead of the tax hike.
The government said industrial output rose 0.3 percent in March from the month before, better than the 2.3 percent decline in February but still meager given the jump in retail sales before the tax hike took effect. Base wages fell 0.4 percent from a year earlier. --AP   
Other Business breaking news:
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Nikkei gains erased at close (03-27 14:23)
Oil prices fall in Asia trade (03-27 13:23)
Yen weakens (03-27 12:34)
Hang Seng flat at mid-day (03-27 12:29)
China industries still in the red (03-27 12:07)
Yahoo okays additional US$2 billion share buybacks (03-27 11:17)
Nikkei gains by break (03-27 10:51)
Japan inflation stalls, household spending tumbles (03-27 10:25)
Hang Seng, Shanghai positive (03-27 10:19)

More breaking news >>

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