South Korea April industrial output weak, clouds economic outlook

(Reuters) - South Korea's industrial output rose at a much slower pace than expected in April, dampening the economic recovery, as temporary factors such as a sinking of a ferry last month had a chilling effect on consumer sentiment.

Japan retail sales fall after tax increase

Retail sales in Japan fell 4.4% in April, compared with the same period last year, as the effect of an increase in the country's sales tax began to be felt.

India central bank chief reiterates call for global monetary coordination

(Reuters) - India's central bank chief, Raghuram Rajan, reiterated on Wednesday what he said is the need for global central banks to be mindful of the impact of their unconventional monetary policy measures on other economies.

South Korea May consumer sentiment slips to eight-month low

(Reuters) - South Korea's composite consumer sentiment index in May slipped to its lowest in eight months, dampening hopes for a firm recovery in domestic consumption in Asia's fourth-largest economy, central bank data showed on Tuesday.

Japan’s Risk of Inflation With Low Growth Raises Stakes for Abe

Japan’s risk of spurring inflation without boosting the nation’s growth potential is raising the stakes for Prime Minister Shinzo Abe’s next round of economic restructuring measures, due in June.

Philippines bubble risks under control: Finance Secretary

Record low interest rates in the Philippines have raised concerns over potential asset bubbles in Southeast Asia's fastest growing economy, however the country's finance secretary said these risks are under control.

Japan government ups capex view, economy recovering

TOKYO (Reuters) - Japan's government raised its view on capital spending for the first time in four months in May on the back of firms' positive earnings, showing the economy remains resilient despite some negative impact from a sales tax hike last month.