Federal Reserve Chairman Ben S. Bernanke, who offered Japan a prescription for ending deflation as a Fed board member a decade ago, endorsed Prime Minister Shinzo Abe’s efforts to reflate his nation’s economy.
Prime Minister Shinzo Abe shortened his list of candidates for Bank of Japan governor as he seeks to end decades of reluctance at the central bank to accept responsibility for the nation’s inflation rate.
The following is a reformatted version of President Barack Obama’s State of the Union address to the U.S. Congress, as prepared for delivery yesterday. The remarks were released in an e-mailed statement by the White House.
More than a century and a half after Millard Fillmore dispatched an emissary to Asia to transform commerce across the Pacific, a U.S. president again sees an historic opportunity to strengthen America’s role in the region.
The following are remarks by Victor Shih, a political economist at Northwestern University in Evanston, Illinois, on the ouster of Bo Xilai, Communist party chief of Chongqing, one of China’s fastest-growing major urban regions.
China’s manufacturing grew at a faster pace in September. A purchasing managers’ index rose to 53.8 from 51.7 in the previous month, China’s logistics federation said in an e-mail. The median forecast of 15 economists surveyed by Bloomberg News was 52.5. Readings above 50 indicate expansions.