When the growth engine slows down, income levels for corporates and households are adversely impacted
"Japan's economy is battling a crisis, so the priority now is to use all available means to put it on a recovery path," Abe told parliament.
Former BOJ Deputy Governor Kazumasa Iwata criticised the central bank's price forecasts as too optimistic and warned that even hitting 1 percent inflation could be challenging given a recent batch of weak price data.
The International Monetary Fund highlighted concerns over price movements and public debt as it noted the mixed record of Prime Minister Shinzo Abe's growth plan dubbed Abenomics.
"We will put the highest priority on the economy," Abe said at his new-year press conference.
The move to withdraw high-denomination notes is expected to dent immediate consumption in the medium-term, but will have a positive impact on growth and inflation in the long run, says Kumaresh Ramakrishnan, Head-Fixed Income at DHFL Pramerica Mutual Fund.
Shares in the company climbed as much as 4 percent after market researcher Kantar Worldpanel said Tesco's sales grew by 2.2 percent year-on-year in the 12 weeks to Nov. 6, boosting its share of Britain's grocery market to 28.2 percent from 27.9 percent this time last year.
In a bid to end two decades of debilitating deflation, Kuroda began a huge money-printing programme when he took office in 2013, tied to a two-year target to push inflation to 2 percent.
In an article posted on the website of Project Syndicate, he said the 'hopes' and 'fears' of global leaders at the IMF-World Bank Spring Meetings in Washington centre around China as its failure and success carry risks for the world economy.
On average for advanced economies, the IMF said in its new Fiscal Monitor report, "public debt now exceeds the level observed during the Great Depression and is approaching the level immediately after World War II."
The ECB slashed already record-low interest rates, prepared to pump massive new sums into the banking system and, for the first time, said it would start buying corporate bonds.
Lipstick shades are kissing off Japan's short-lived economic recovery, and fashion industry hues are turning as sombre as a central banker after another ineffectual splurge of money printing.
This is unlikely to be repeated, particularly since tax revenue from the oil sector is now fairly static to oil price changes due to the specific nature of the taxes. Deflation also derailed the disinvestment program, as most PSUs shorlisted were from the commodity and infra sectors, affected by deflation.
Motilal Oswal believes this deflationary trend is likely to continue in FY17 as well, thus impacting tax revenues once again
The data underscores the challenges premier Shinzo Abe faces in dragging the economy out of stagnation, as exports to emerging markets fail to gain enough momentum to make up for soft domestic demand.
Analysts and economists largely viewed the Federal Open Market Committee's post-meeting statement Wednesday as dovish, fueled by nods toward market volatility and expressions of concern that long-awaited signs of inflation remain elusive.
Banks extended 597.8 billion yuan (USD 90.76 billion) of new loans in the final month of 2015, less than expected and down from 708.9 billion in November, data showed on Friday.
On the economic front, 'deflation' is the risk of highest concern for doing business in India, said the Global Risks Report 2016, released here today by the World Economic Forum (WEF) ahead of its annual meeting in Davos next week
RBI Governor Raghuram Rajan has little reason to hold back on his rate cut this month. Perhaps he is holding his hand to see what Janet Yellen is upto at the US Fed later this week. The Fed meets on 17 September.
The government's two five-star economists Raghuram Rajan, of the Reserve Bank, and Chief Economic Advisor Arvind Subramanian, seem to be poles apart when it comes to their readings on inflation.
Addressing the famous Jackson Hole economic symposium of the Kansas City Federal Reserve in Wyoming, Rajan said politics and history both have been important forces in determining the economic policymakers' goals and tactics globally.
For anyone expecting interest rates to be stuck near zero for years to come, the past month has been uncomfortable.
Brent crude futures have risen 45 percent. If that is sustained or even increased throughout this year, inflation next year could rise significantly, posing questions for policymakers largely committed to ultra-loose policy.
Inflation, as measured by the wholesale price index (WPI), fell to a steep -2.06 percent, marking the fourth straight month of deflating prices.
Chinese regulators are turning to Japan for lessons on economic history, determined to keep the world‘s second biggest economy from taking the same path of recession and deflation that has blighted its neighbour for the past 20 years.