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The New Economy: What's Working

Analysis: Little sign Abe can shake up Japan's inbound FDI

Japan risks missing, yet again, an opportunity to use foreign investment to help fuel sustained economic growth that has eluded it for the last two decades.Prime Minister Shinzo Abe pledged to make Japan "the world's easiest country for companies to do business in" as part of his economic revival plan, which so far has been largely met with approval. The stock market has rallied 45 percent this year and Abe's approval ratings are around 70 percent.Abe gave further hints on Friday about government plans to be unveiled in a longer-term economic growth strategy, referring to tripling infrastructure exports and doubling farm exports.But a month before that strategy is due to be unveiled, his efforts to ramp up inbound foreign direct investment (FDI) are showing little indication a trickle of foreign investment will turn into a tide."Over the last five years, 90 percent of my work has been outbound deals," said Ken Lebrun, chair of the FDI committee at the American Chamber of Commerce in Ja...

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  1. BOE's King: More Needs to Be Done for UK Recovery

    The U.K. economy is in recovery but policy makers need to do more to lift growth, Bank of England Gov. Mervyn King said Sunday."We are seeing a recovery. But it's on...

  2. BoE governor King warns of euro risk to British recovery

    The single biggest risk to Britain's nascent economic recovery is continued eurozone weakness, the Bank of England's outgoing governor Mervyn King said in a televisi...

  3. Independent Scotland open to Cyprus-style bank risks, says Britain

    An independent Scotland would have a vastly oversized financial sector that would leave it vulnerable to a Cyprus-style banking crisis, Britain's finance ministry sa...

  4. Kuwait replaces oil officials at KPC after $2.2 billion Dow payment

    State-run Kuwait Petroleum Company (KPC) appointed a new chief executive and suspended other top officials after the country paid $2.2 billion in damages to Dow Chem...

  5. An Independent Scotland More Vulnerable to Financial Shocks - UK Treasury

    An independent Scotland would have an exceptionally large banking sector, compared with the size of the rest of its economy, making it vulnerable to financial shocks...

  6. Bernanke upbeat on innovation outlook in commencement address

    Federal Reserve Chairman Ben Bernanke painted an upbeat picture on Saturday for the potential of innovation to lift living standards, delivering a sweeping look at t...

  7. Wall Street Week Ahead: Correction talk gets old as rally sails along

    With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting...

  8. Exclusive: EU cites Chinese telecoms Huawei and ZTE for trade violations

    Europe's top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating a...

  9. MARKET SNAPSHOT: U.S. Stocks Notch Records, Fourth Week Of Gains

    U.S. stocks on Friday advanced to a fourth weekly gain, with both the Dow industrials and the S&P 500 at all-time closes, after data cast a positive spin on the econ...

  10. Obama Changes the Subject to Jobs

    President Barack Obama on Friday sought to turn the spotlight from controversies threatening to swamp his agenda back to his top priority - the economy - and announc...

  11. BOND REPORT: Treasurys Fall On Rising Consumer Sentiment

    Treasurys extended a price drop Friday on better-than-expected consumer sentiment data, pushing bond yields higher for the third straight week.Prices fell after the ...

  12. Oil Futures Follow Broader Markets to One-Week High

    Oil futures rose to a one-week high Friday, as broader markets rallied on positive U.S. economic data.Light, sweet crude for June delivery settled 86 cents, or 0.9%,...

  1. Insight: Despite curbs, China's vast hot money triangle flourishes

    ZHUHAI, China/HONG KONG (Reuters) - In an underground mall just a stone's throw from China's teeming border with Macau, a row of 30 small shops with identical golden...

  2. MARKET SNAPSHOT: Stock Rally's Breadth Is A Sign Of Strength, Froth

    Stock indexes rallying to new highs have put investors on alert for a correction. Now they have something else to worry about: Too many individual stocks touching hi...

  3. Analysis: Frontier Markets booming but risks mounting

    With the world's biggest central banks driving yields on safe assets to near zero, some investors are tossing caution to the wind and rushing to buy illiquid and pre...

  4. German minister calls EU move on China solar 'grave mistake'

    German Economy Minister Philipp Roesler said the European Commission made a "grave mistake" by agreeing to impose punitive import duties on solar panels from China a...

  5. Greece to sell Postbank, Proton in July, stress-test big banks

    Greece's bank rescue fund will aim to sell Hellenic Postbank and Proton by mid-July with big banks continuing to absorb small lenders as part of plans to revive the ...

  6. Bank of England's King sends message to successor Carney

    Bank of England Governor Mervyn King has urged successor Mark Carney not to bring to Britain his trademark policy of spelling out how long interest rates will remain...

  7. Presidential Visit Puts Myanmar Investment Theme in Spotlight

    Six months after President Barack Obama visited Myanmar, that country's president, Thein Sein, will visit the White House.Sein's visit to Washington, D.C. marks the ...

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