Japan's housing starts decreased sharply for the third straight month in June, data from the Ministry of Land, Infrastructure, Transport, and Tourism showed on Thursday. Housing starts dropped 15.6 percent year-on-year in June, slower than the 34.4 percent decline in May. Economists had expected a decrease of 16.3 percent.The data indicated a decrease in new construction across all categories, wit...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.