By the Blouin News Business staff

Posts Categorized: Asia-Pacific

Japan’s monetary regime change: Will it work?

by in Asia-Pacific.
A man walks past the Bank of Japan headquarters in Tokyo
Bank of Japan, Tokyo: Marching to a new beat. Photo credit: REUTERS/Yuriko Nakao

Japan’s central bank governor, Masaaki Shirakawa, has promised potentially limitless asset purchases until a 2% inflation target is met. That may satisfy the country’s new prime minister, Shinzo Abe, who has been heaping political pressure on the Bank of Japan to act more forcefully against Japan’s deflation, but markets are less easily impressed.

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Caterpillar bitten by Siwei snakes

by in Asia-Pacific.
Undated photo of ceremony to mark Caterpillar's acquisition of Siwei

Foreign investors quickly learn that accounting in China can be a snakes’ pit. Unaccountability and below-international standards of financial reporting are poisonous to financial probity. Caterpillar, the world’s largest maker of construction and mining equipment, is only the latest to have been bitten badly.

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China’s Troubled Solar Panel Makers Get A New Helping Hand

by in Asia-Pacific.
100MW photovoltaic on-grid power project in Dunhuang, Gansu Province. Getty Images AsiaPac/Feng Li
100MW photovoltaic on-grid power project in Dunhuang, Gansu Province. Getty Images AsiaPac/Feng Li

China’s solar panel industry was meant to be a shining success. Trillions of yuan of government subsidies and cheap loans were poured in to what was designated as a strategic emerging industry. It was green, technologically advanced and would help China meet both the country’s growing power demands and its people’s growing expectations of a cleaner environment.┬áIt had…

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Japan’s new economics team

by in Asia-Pacific.
New Japanese Prime Minister Abe and his cabinet ministers pose for a photo session after their first cabinet meeting in Tokyo.
New Japanese Prime Minister Shinzo Abe (front row, center) and his cabinet

New Japanese prime minister Shinzo Abe’s economics team are all close allies in his campaign to beat deflation and tame a strong yen with hyper-expansionary monetary policy and large-scale public works spending. Like Abe, they are mostly scions of some of the Liberal Democratic Party’s (LDP’s) most established political families. They include:
Taro Aso, finance minister, financial services minister and…

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Abe gives Shirakawa his marching orders

by in Asia-Pacific.
Japan's conservative Liberal Democratic Party's (LDP) leader and next Prime Minister Shinzo Abe points during a news conference at the LDP headquarters in Tokyo December 17, 2012.
Japan’s next prime minister Shinzo Abe

It is scarcely a secret that Shinzo Abe, who will become Japan’s prime minister this week, hasn’t much time for Masaaki Shirakawa, governor of the Bank of Japan. Abe has already said he will replace Shirakawa when the central banker’s term of office expires in April. In the meantime he is threatening to resort to law to get Shirakawa to adopt the 2% inflation target…

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