Indonesia aims to boost economy as emerging Asia struggles

JAKARTA: Indonesia today announced measures to shore up its economy as Asia's emerging nations come under huge pressure from outflows of foreign cash that have sent their stock markets and currencies plummeting.

Japan trade deficit hits record high

Japan has reported its biggest fiscal year trade deficit ever, a contrast from decades of surpluses on booming exports, as the nuclear crisis brought about by the March 2011 tsunami boosted oil and gas imports.