Sat, 24 Oct 2020

TOKYO -- Japan's core consumer prices fell 0.4 percent in August from a year earlier, the first time in three months partly owing to lowering of hotel charges through a government-backed travel discount program, the government said in a report on Friday.

According to the Ministry of Internal Affairs and Communications, the nationwide core consumer price index, excluding volatile fresh food items, stood at 101.3 against a base of 100 in 2015. (Japan-Core Consumer Prices-Down)

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WASHINGTON -- The number of initial jobless claims in the United States declined to 860,000 last week, indicating a continued recovery in the labor market ravaged by the COVID-19 crisis, the Labor Department reported Thursday.

In the week ending Sept. 12, the number of Americans filing for unemployment benefits decreased by 33,000 from the previous week's upwardly revised level of 893,000, marking the fourth time in the past 26 weeks that the number has come below 1 million. (US-Jobless Claims)

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SEOUL -- South Korea's overseas direct investment kept falling for two straight quarters through the second quarter due to an economic fallout from the COVID-19 outbreak, a government report showed Friday.

Overseas direct investment amounted to 12.14 billion U.S. dollars in the April-June quarter, down 27.8 percent from a year earlier, according to the Ministry of Economy and Finance. (South Korea-Overseas Direct Investment-COVID-19)

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MEXICO CITY -- Mexico's export and tourism sectors are likely to suffer from "stress" beyond 2021 due to slow economic recovery from the COVID-19 pandemic, credit rating agency Moody's said Thursday.

In a report titled "Full recovery for Mexico's corporate sector still two years away," the agency said "stress in Mexico's export- and tourism-dependent economy is likely to persist beyond 2021, even as economic growth recovers from a severe downturn in 2020, and a full recovery is at least two years away." (Mexico-Export-Tourism)

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