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Japanese retail sales unexpectedly rose in May from a year earlier, government data showed, pointing to a slight recovery in personal spending, but economists expect consumption to remain weak in the coming months.
"Risk appetite has started to abate expressed by lower equity markets, rising credit spreads and continued steepness of bond curves."
Japan Airlines aims to speed up work force cuts to improve profitability and will trim 4,300 jobs by April 2009, a year earlier than planned, sources familiar with the matter said.
Japan's trade surplus expanded 9.3% in May from a year earlier to 389.5 billion yen ($3.16 billion), government data showed on Thursday.
Soft business sentiment data on Wednesday reinforced expectations that the Bank of Japan will be in no rush to raise interest rates, pushing down bond yields, while comments from BOJ Deputy Governor Toshiro Muto did little to alter the market's direction.
Brazilian aircraft manufacturer Embraer said Monday that it has cut deals to sell 30 jets to Germany's Deutsche Lufthansa and another 10 planes to Japan Airlines.
Bank of Japan Governor Toshihiko Fukui said on Friday the central bank needs to keep a close eye on recent rises in long-term rates.
The Bank of Japan kept interest rates unchanged at 0.50% on Friday in a unanimous decision by its Policy Board, though expectations are growing that it will raise them in the coming months.
The tertiary index, which measures spending in the services sector, jumped 1.7% in April from March, the third rise in four months, the Ministry of Economy, Trade and Industry said, citing preliminary data.
The dollar rose to a fresh 4-1/2-year high against the yen for a second straight day ahead of a Bank of Japan policy meeting and a report on U.S. consumer inflation that could determine whether U.S. Treasury yields extend a six-week climb.
Fanuc will build a new plant in Japan, aiming to boost its output of control units used in machinery tools by 75% as demand grows both at home and in emerging economies such as China and India.
The dollar climbed to a 4-1/2-year high against the yen, helped by data indicating U.S. retail sales growth in May was the highest since January 2006 which many investors took as a sign of a pickup in U.S. economic growth.
China's yuan jumped against the dollar in early trade on Wednesday to its highest since its 2005 revaluation after the central bank set a much higher reference rate for the Chinese currency.
Japan's current account surplus rose more than expected in April thanks to firm exports and gains in investment income, a sign that the world's second-largest economy continues to enjoy a solid recovery.
The dollar climbed against the euro Tuesday to two-month highs as rising U.S. Treasury yields lured investors.
Toyota Motor edged past General Motors Corp. to become the world's biggest automaker by sales volume in 2006, leading industry paper Automotive News said.
Japanese wholesale prices rose slightly more than expected in May from a year earlier, with gains spreading to more products, reaffirming expectations of an interest rate hike in the third quarter, most likely in August.
The dollar rose to 3-1/2-month highs against the Swiss franc on climbing U.S. Treasury yields, while investors for the moment brushed aside implications of the Reserve Bank of New Zealand's first market intervention in 22 years.
Shares of electronics maker Kenwood jumped as much as 10% on Monday on news it has resumed talks with Matsushita Electric Industrial to buy a stake in JVC after a deal with private equity firm Texas Pacific Group fell through.
Japan's economy expanded by 0.8% in January-March from the previous quarter, revised data showed on Monday, faster than the preliminary reading of 0.6% growth and matching market expectations.