Richard Jerram, Chief Economist at Bank of Singapore, attributes the sharp decline in June's industrial output to the sales tax hike and stalling of exports in recent months.» Read More
Japan's core private-sector machinery orders jumped in July, but not enough to ease investors' concerns that the turmoil in global markets may yet unsettle the Japanese economy. Japan's current account surplus hit a record high for the month of July, as a rising income surplus offset shrinkage in the trade surplus.
Asian markets found their footing and reversed losses to close mostly higher Tuesday, but China suffered heavy losses. Energy stocks rose after a surge in oil prices. Japan and South Korea closed stronger after spending most of the morning in negative territory.
Japan's core private-sector machinery orders jumped in July, but not enough to ease investors' concerns that the turmoil in global markets may yet unsettle the Japanese economy.
Asian markets pared morning losses, but still closed broadly lower in the afternoon session Monday, with exporters hit hard on concerns the U.S. economy may be heading into a recession. Japan and South Korea both closed over 2% lower.
Prime Minister Shinzo Abe faces the toughest battle of his political life in a parliament session that opens on Monday after staking his job on extending Japan's naval mission in support of U.S.-led operations in Afghanistan.
Japan's economy contracted more than expected in the second quarter, revised data showed on Monday, reinforcing views that the Bank of Japan is unlikely to raise interest rates next week amid a global credit squeeze and market fall-out.
President George W. Bush prepared for an Asia-Pacific summit in Australia, saying on Friday the United States would consider a peace treaty with North Korea if it gave up nuclear arms.
It was a mixed end to the Asian trading week. Japan's Nikkei 225 Index closed lower as investors took profit from the previous session's gains. But traders mainly took a wait-and-see approach ahead of a key U.S. jobs report due Friday.
A typhoon pounded Tokyo and surrounding areas on Friday, killing one man and injuring dozens of others as it snarled transport and cut power around one of the world's largest cities.
Asian stocks closed in broadly positive territory Thursday, with the exception of Hong Kong and Australia, despite U.S. housing data renewing fears over the strength of Asia's top export market.
Forget all the talk you will hear about people not wanting to buy a new car or truck. Some models ARE selling, and some brands ARE doing well while others muddle along. So with that in mind here is my list of who is cruising and who is losing in the auto biz.
Asian markets closed mixed following a cautious day ahead of major U.S. data due this week and an interest rate meeting by the European central bank. Japanese stocks boar the brunt of declines, while Hong Kong investors enjoyed resilience in the Hang Seng.
Asian stocks closed mixed in subdued trading on the lack of a lead from U.S. markets which were closed on Monday for a public holiday.
Japan's 109 regional banks collectively face about 5.4 billion yen ($47 million) in losses from financial products tied to U.S. subprime loans, according to a survey by the Nikkei business daily.
Asian markets were mixed Monday, as investors stayed cautious in spite of reassuring statements by U.S. President George W. Bush and Fed Chairman Ben Bernanke on sheltering the economy from the turmoil in the markets.
Japan's farm minister resigned on Monday over illegal dealings at a farmers' group he headed,public broadcaster NHK reported, dealing a fresh blow to Prime Minister Shinzo Abe just a week after he revamped his cabinet.
A few weeks ago, after writing a blog about the success Toyota has been enjoying, I was given a new nickname from a friend who is a retired Ford man who spent his career working in Detroit. He started calling me "Toyota Phil". The way he saw it, I've reported and blogged about Toyota's success so much, I must be the company's #1 fan.
Asian markets made solid gains Friday, ending the week firmly in positive territory as investors bet on a positive reaction to Fed Chairman Ben Bernanke's speech on monetary policy and housing in Jackson Hole, Wyo. at 11 am Singapore time.
Japan's jobless rate hit a 9-1/2-year low in July, but consumption remained soft and core consumer prices marked a sixth straight month of declines. Industrial production also fell in the month, but that was largely due to an earthquake on July 16, and output is forecast to jump in August.
Asian markets mostly finished higher Thursday, but were off their morning highs. Volumes were thin amid a dearth of strong incentives, with many market participants holding back ahead of a long weekend in the United States. Japan and South Korea both closed almost 1% higher.