Economy News

Economy

South Korea Announces Historic Won-Denominated Forex Stabilization Bonds After 22 Years

South Korea plans to issue won-denominated foreign exchange stabilization bonds for the first time in 22 years, starting January. This move aims to stabilize the won-dollar exchang...

Economy

Bank of Japan Urges Comprehensive Data Analysis Before Policy Shifts

The Bank of Japan emphasizes the importance of data review before adjusting monetary policy, amidst global uncertainties and the need to monitor wage negotiations, suggesting no ru...

Economy

Surprising Drop: Japan's Industrial Output Declines by 2.3% in November

Japan's industrial production index unexpectedly fell by 2.3% in November to 101.7, marking a significant decrease from the previous year. The shipments and inventories indices als...

Economy

Tokyo's Inflation Surge: Consumer Prices Jump to 3% in December

Tokyo's Ku-area sees a 3% rise in Consumer Price Index (CPI) for December, a 0.4 percentage point increase from November. Excluding fresh food and energy, the CPI also rose by 2.4%...

Economy

November Sees a Surprising 1.8% Surge in Japan's Retail Sales

Japan's retail sales in November exceeded expectations with a 1.8% monthly increase, reaching ¥14.2 trillion. Year-on-year sales value rose by 2.8%, and the wholesale industry ...

Economy

US Job Market Shows Resilience: Initial Jobless Claims Dip to 219,000

The US labor market shows signs of resilience as initial jobless claims decrease slightly to 219,000, while the insured unemployment rate experiences a marginal increase to 1.3%. T...

Economy

Turkey Slashes Interest Rates to 47.5%: A Bold Move to Stabilize Economy

The Central Bank of the Republic of Turkey has cut its key interest rates to 47.5%, the first reduction since February 2023, aiming to stabilize the economy by addressing inflation...

Economy

South Korea Faces Unprecedented Crisis: 986,000 Self-employed Businesses Shut Down in 2023

In 2023, South Korea witnessed a record high of 986,000 self-employed business closures, the highest since 2006. This surge, driven by economic downturns and rising labor costs, hi...