Japan's Economy Minister aiming for growth

Japan's, Nobuteru Ishihara, Economy Minister, stated today that the government aims to resume the proper implementation of fiscal discipline in an attempt to boost economic growth.

Japan's government to delay tax hikes

As per the latest surveys and data, Shinzo Abe, Japan's Prime Minister, will likely to delay increasing taxes by 2 to 2 1/2 years, worrying that a probable hike could force consumer spending lower, leading to deflation.

Furthermore, many analysts and economists, as well as people familiar with the matter, are concerned on whether the government could implement fiscal discipline with success.

On the other hand, India was able to hold its ranking among the economies that gained momentum in the quarter till March.

The economists predict that, amid today's data, the nation's gross domestic product (GDP) would likely rise, year-on-year, 7.5% for the period of January to March, being better than the 7.3% figure of the previous quarter.

Read More