Andrew Jackson, Head of Wholesale and Listed Real Estate at Standard Life Investments, says Abenomics will put Japan back on track and in turn underpin growth in the country's real estate market.» Read More
Asian stocks closed mixed Tuesday as markets pared back gains ahead of a raft of economic indicators due out this week. Investors are wary over the prospect of a serious global economic slowdown.
Business sentiment among big Japanese manufacturers has sunk to a four-year low, a Bank of Japan survey showed on Tuesday, in further evidence of a worsening economic outlook and reinforcing market speculation that the central bank may cut rates later in the year.
Asian markets ended mostly weaker Monday, heading for their worst quarterly performance in over five years. Japan finished down over 2 percent, but South Korea and Australia managed to eke out slight gains after treading lower for most of the session.
Japan's financial regulator is examining ties between Aozora Bank and top shareholder Cerberus Capital Management, to see if the U.S. private equity firm has put pressure on the bank to finance deals, the Financial Times said on Monday.
Japanese industrial production fell less than expected in February, but the second monthly decline in a row did little to disperse clouds building over the economy.
Asian markets closed firmly higher Friday, despite a weak start to trading, with Chinese stocks jumping nearly 5 percent. Gains were all the more impressive given Wall Street's fall.
Japanese annual inflation hit a decade-high 1.0 percent in February, but the credit crisis and a stalling Japanese economy mean the Bank of Japan is still seen as more likely to cut interest rates this year than raise them.
Asian markets ended mostly lower Thursday as financials slipped on worries over bank earnings, and after a drop in U.S. durable goods stoked concerns the world's top economy is already in a recession. Both Japan and China finished weaker.
The Bank of Japan still has its sights set on higher interest rates in the future, although it will pursue a flexible policy looking at developments in Japan's economy and global markets, two members of the central bank's policy board said on Thursday.
Unrealized losses on Japan's $1 trillion foreign currency reserves amount to about 18.5 trillion yen when the dollar is around 100 yen, Finance Minister Fukushiro Nukaga said on Thursday.
Asian markets were mixed Wednesday, with Japan closing lower but South Korea edging up. The U.S. dollar sagged after the biggest drop in U.S. consumer confidence in five years cast doubt on the economy's resilience in the face of a housing and credit slump.
Japan's exports rose a little more than expected in February from a year earlier as solid shipments of Japanese goods to Asia and Europe made up for a fall in exports to the United States.
It might have seemed like a boring day in the stock market, but there was plenty of action including late-breaking news on Clear Channel, the pre-earnings Oracle trade and more.
Oil majors can't get ahead of production declines despite spending on unconventional sources, an energy sector investment banker says.
Asian markets climbed Tuesday following news of JPMorgan's raised bid for Bear Stearns. Expectations for a recovery in U.S. credit markets cheered investors. Hong Kong stocks jumped over 6 percent and Japan finished over 2 percent higher.
Support for Japanese Prime Minister Yasuo Fukuda slid nine points to 31% in a poll published on Monday, as a political deadlock that has left the top central bank post vacant cast new doubts on his leadership.
Big Japanese firms have grown pessimistic about business conditions, a government survey showed on Monday, fueling concern that the Japanese economy may follow the United States into a recession.
Asian stocks ran flat to higher Monday. Japan and South Korea finished in the black. Trading activity was muted markets in Australia and Hong Kong closed for the Easter holiday. They will reopen Tuesday. Friday was a holiday in the United States and around 40 other countries worldwide.
Prime Minister Yasuo Fukuda, under fire over an unprecedented vacancy at the top of the Bank of Japan, said it was his "mission" to fix the problem soon, but media reported a new nomination could be delayed until April.
Asian stocks were mostly stronger this Good Friday, following gains on Wall Street. Japan and South Korea both finished over 1% higher. Markets in Australia, Hong Kong, India, Indonesia and Singapore are closed for the Good Friday holiday.