Japan's economy is barely growing, its population is falling and wages are stagnant, but investors see surprisingly big opportunities in its property market.» Read More
The Asian banking sector is the place to put your money at the moment, two fund managers told CNBC Friday.
Don't look now, but something is coming back: deals. Not just little ones. Pretty decent deals. GM, Toyota and Mazda are currently running some of the more prominent marketing campaigns. But make no mistake, almost all the automakers are throwing more money and more generous financing terms behind their new models.
Here's a novel idea. Let's take the people who actually work at a car company and put them behind the wheel of the models crucial to that company's future. Ford Motor is starting to do that, and it's probably one of the smartest moves this company has ever made.
The latest U. of Michigan survey on customer satisfaction with automakers are a bit perplexing. On one hand, they show there's a wider gap between the Big 3 and their foreign rivals. On the other, these results fly in the face of numerous other studies that show the Big 3 edging closer to competitors when it comes to quality and reliability. Who's right? Both, actually.
When a Honda executive said last week that his company plans to roll out a "Prius Fighter" hybrid next spring, it marked the latest proclamation from an automaker that it had a model to beat the king of the hybrids. And once again I'm curious if this challenge will truly be a challenge to Toyota.
Japan marked the anniversary of its surrender in World War Two on Friday, but Prime Minister Yasuo Fukuda was expected to avoid visiting a shrine for war dead seen by Asian neighbours as a symbol of Tokyo's past militarism.
The Clarity is no science project that just puttters along. It has the power and feel of a standard gas-powered car. Granted, it's not a hot rod, but it's no wallflower either.
Japan's economy contracted 0.6% in the second quarter, reinforcing views that the world's No.2 economy has slipped into recession after its longest postwar expansion.
Japanese annual wholesale price inflation jumped to 7.1 percent in July, a 27-year high and well above expectations, adding to fears that high energy and commodity costs are squeezing firms and pushing the economy into recession.
Japan's core machinery orders fell much less than expected in June, suggesting that capital spending has not been hurt too badly so far by high raw material costs and a global slowdown that are pushing Japan towards a recession.
Neptune Orient Lines, which made a bid for German rival Hapag-Lloyd, warned its business will be much more difficult in the second half of 2008, as it posted a 19 percent fall in profit due to tough conditions and higher costs.
All Nippon Airways, Japan's second-largest airline, said on Wednesday it may cut services and its bigger rival Japan Airlines was reported to be following suit, due to soaring costs for aviation fuel.
Orix, Japan's largest leasing company, and consumer credit firm Credit Saison are in merger talks, financial sources close to the matter said on Tuesday, seeking a deal to form a $106 billion finance group.
Nissan Motor posted on Friday a much worse-than-expected 46 percent drop in quarterly operating profit, and stuck to its annual forecasts despite a severe downturn in the U.S. market.
Struggling Japanese Prime Minister Yasuo Fukuda will appoint popular rival Taro Aso in a key ruling party post and replace his finance minister, Japanese media said, as part of a shake up aimed at boosting his support among voters.
Manufacturing activity in Japan rebounded slightly in July from a six-year low the previous month, but a slowing economy and rising energy costs continued to hamper operating conditions, a survey showed on Thursday.
Japanese industrial output fell a little more than expected in June and marked its second straight quarter of decline, adding to concern that the economy may be slipping into recession as high energy costs curtail corporate activity.
Japan's jobless rate rose in June to a near two-year high and household spending fell again from a year earlier, data showed on Tuesday, in a sign of further trouble for an economy already battered by surging energy costs.
The signs are not good. From Chrysler's decision to stop leasing cars, to its recent decisions to cut staff and close plants, to its lack of major new product announcements, there is little of late inspiring confidence that this company can stage a comeback...
Toyota Motor on Monday cut its 2008 groupwide global sales forecast by 350,000 units to 9.5 million vehicles due to a pronounced downturn in the U.S. market, in a rare setback for the world's biggest automaker.