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Economy in Asia

  • China may resort to price controls to fight inflation (17/11/2010)

    CHINA, 2010/11/17 China is considering a package of price controls and other measures to contain inflation which rose to 4.4% last month. The National Development and Reform Commission is putting together a &ldquo punch” of policies to limit food inflation, national media reported on Tuesday, in a sign that debate is breaking out over how to tackle rising prices.

  • Asia looks to rate decisions, Japan GDP 13/11/2010

    ASIA, 2010/11/13 With the Group of 20 major economies’ summit over, Asian markets’ focus in the coming week will turn to central-bank policy decisions and Japan’s economic increase data. Japan is on deck Monday with preliminary quarterly gross domestic product figures for the July-to-September quarter. Economists are expecting the Japanese GDP to have risen 0.6% during the quarter, or 2.5% on an annualized basis, according to the median estimate from a Dow Jones Newswires survey.

  • Economy ‘at standstill’（20/10/2010）

    JAPAN, 2010/10/20 The Japanese economy is at a standstill, Japan’s government has said, as concerns about the strong yen continue to grow. The recovery in the economy was “pausing”, the Cabinet Office said in a monthly statement. The rising yen and a slowdown in world request for Japanese exports was blamed for the downgrade. In recent months, the government has insisted that the economy is “picking up”. But it said it presently expected the economy to remain weak for some time, with “weakening” exports a chief concern.

  • Leaders meet to plan economic future （16/10/2010）

    CHINA, 2010/10/18 China’s ruling Communist Party is conference in Beijing to draw up its next-year plan for the economy. The schedule is secret but analysts say that instead of seeking a high rate of economic increase, China’s leaders want to close the gap between rich and poor and between coastal and inland areas. Analysts will as well be watching for signs of who will be China’s next leader - due to take office in 2012.

  • PM sees 7-8% GDP growth （12/10/2010）

    THAILAND, 2010/10/13 Thailand's gross domestic product for 2010 should rise to eight % year-on-year as exports are expected to grow 20 to 30 %, Prime Minister Abhisit Vejjajiva said on Wednesday. Mr Abhisit said this year's economy was initially predicted to expand only to %. The increase estimate had increased mainly due to surging exports.

  • Stimulus to inject $60bn into flagging economy

    JAPAN, 2010/10/11 The Japanese cabinet has approved a plan to pump additional than $60bn (£38bn) into the country’s struggling economy. The aim of the plan - which still needs approval from parliament - is to boost increase, jobs and spending. The Japanese economy is suffering from deflation and a strong currency; prices keep falling, but consumers hold off spending in hope of lower prices.

  • Economists warn of challenges

    THAILAND, 2010/09/24 The country will face huge challenges in coping with a additional interconnected and volatile world environment over the next decade, say local economists. Suvit Maesincee of the Sasin Institute of World Affairs said policymakers must take a dynamic approach to the next, as new opportunities and threats will emerge including the rise of Asian economies, food and fuel security, cyberwar and nuclear terrorism.

  • Strong with Room for Improvements

    INDONESIA, 2010/09/19 Indonesia is likely to experience accelerating economic expansion—with 6 % increase predicted for 2010 and 2011—but it has warned about the threat of inflationary pressures. In their annual health check of Southeast Asia’s major economy, economists said Indonesia had emerged strongly from the world financial crisis due to robust domestic consumption and investment, and better exports.

  • Economy Slows Less Than Estimated, Deflation Persists

    JAPAN, 2010/09/12 Japan’s economy slowed less than initially estimated in the second quarter as companies boosted capital spending, indicating the country’s recovery was intact formerly a surge in the yen threatened to stunt export gains. Gross domestic product grew an annualized 1.5 %, faster than the 0.4 % reported last month, next the prime quarter’s 5 %, the Cabinet Office said today in Tokyo.

  • The Ascent of Asia

    CHINA, 2010/08/11 This is the second in a series of edited excerpts from Nomura’s recent statement, “The Ascent of Asia.” Asia’s financial and capital markets have continued to deepen over the completed decade, supported in particular by rising gain and favorable international developments.
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