Japan Inflation Acceleration Risks Souring Public on Abenomics

Prime Minister Shinzo Abe’s bid to vault Japan out of 15 years of deflation risks losing public support by spurring too much inflation too quickly as companies add extra price increases to this month’s sales-tax bump.

Asian economic power to rival US in global markets soon, says RBA governor Glenn Stevens

ASIA'S economic power is increasing at a rapid rate, and the region will take on heightened prominence such that it will soon rival the US as the main source of direction for global markets, Reserve Bank of Australia governor Glenn Stevens said today.

"It is not just the center of gravity of economic activity that is shifting to Asia, the weight of financial assets is also shifting too," Mr Stevens said in a speech in New York to the American Australian Association.