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Japan’s lower house OKs record $907bn budget

Bloomberg The lower chamber of the Japanese parliament early on Saturday approved the government’s record $907 billion initial budget bill for the fiscal year starting April 1. Prime Minister Shinzo Abe’s Liberal Democratic Party and its coalition partner Komeito held a vote on the bill, clearing the way for its passage by the chamber to ensure it can be enacted ...

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Indonesia inflation rate drops to lowest in almost a decade

Bloomberg Inflation in Indonesia eased to a near-decade low, boosting odds that the next interest rate move by policy makers in Southeast Asia’s biggest economy could be down. Consumer prices rose 2.57 percent in February compared to a year earlier, the lowest since November 2009, according to figures released by the statistics office in Jakarta. That was lower than the ...

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Tata to explore options for Jaguar Land Rover unit

Bloomberg Tata Group is exploring strategic options for its Jaguar Land Rover Automotive Plc unit including a potential stake sale in the struggling luxury carmaker, people familiar with the matter said. India’s biggest conglomerate is considering alternatives ranging from a minority stake sale to finding a venture partner that would jointly develop vehicles and lower costs, said the people, who ...

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