By Leika Kihara TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said the central bank did not have a set time frame for achieving its 2% inflation target due to uncertainty over the price outlook. Ueda’s approach contrasts with that of his predecessor Haruhiko Kuroda, who deployed in 2013 a massive asset-buying programme to…
By Stella Qiu SYDNEY (Reuters) -Australia will raise the minimum wage by 5.75% from July 1 as families grapple with soaring living costs, a decision that businesses and some economists say risks further stoking inflation and interest rates. The independent Fair Work Commission (FWC) on Friday decided on a 5.75% pay rise for workers on…
By Kantaro Komiya TOKYO (Reuters) – Japan’s economy likely grew more than initially estimated in the first three months of this year, thanks to solid investments by manufacturers, a Reuters poll showed. Revised real gross domestic product (GDP) data is expected to show the world’s third-largest economy expanded at an annualised rate of 1.9% in…
