Federal Reserve officials on Wednesday upgraded their assessment of the U.S. economic recovery, and Chairman Ben Bernanke said the central bank could begin pulling back its $85 billion-per-month bond-buying program later this year.
TOKYO (Nikkei)--German autoparts giant Robert Bosch GmbH, GS Yuasa Corp. (6674) and Mitsubishi Corp. (8058) will form an alliance on development and sales of a new type of battery that would double the range that electric vehicles can travel on a single charge, The Nikkei learned Wednesday.
TOKYO (Nikkei)--The government will seek to maintain spending other than debt payments at the current level of around 70 trillion yen through fiscal 2015, according to an outline of an upcoming medium-term fiscal plan.
TOKYO (Nikkei)--Nonfinancial companies held a record 225 trillion yen of cash and deposits as of March 31, up 5.8% on the year, according to Bank of Japan flow of funds data released Wednesday.
