Business articles

Bank of Japan slashes annual inflation forecasts

The Bank of Japan on Thursday slashed its annual inflation forecast and once again delayed its timetable for hitting a two percent target as the economy struggles to gain traction despite years of stimulus.

Japan trade balance returns to surplus in June

Japan logged a trade surplus of nearly $4 billion in June, rebounding from a deficit the previous month, but its politically sensitive surplus with the United States slipped, government data showed Thursday.

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