N Chandrasekaran, CEO & MD of Tata Consultancy Services, explains why a focus on the Japanese market is the "right strategy" for the Indian IT firm.» Read More
Japan's current account surplus expanded for the fifth straight month in May, rising 31.1% from a year earlier, the Finance Ministry said Wednesday, auguring well for economic growth in the second quarter.
Japan's core private-sector machinery orders rose more than expected in May, pointing to solid corporate capital spending and bolstering the case for a Bank of Japan rate hike in August.
Japanese brokerage Nomura Holdings is in talks with Resona Holdings on a possible alliance that could involve Nomura purchasing $815 million worth of preferred shares in the country's fourth-largest bank, the Nikkei business daily reported on Friday.
Japan's foreign reserves, the world's second-largest, rose to $913.572 billion at the end of June, thanks to interest rate income from deposits and bonds held in the reserves, the Ministry of Finance said on Friday.
Japanese food and beverages giant Kirin Holdingsis considering a $1.7 billion-plus acquisition of San Miguel's Australian dairy and fruit juice assets, the Australian Financial Review reported on Thursday.
Another Chinese firm is set to list its shares in Japan, following the debut of online publisher Asia Media in April, amid increased efforts by the Tokyo bourse to attract foreign companies.
U.S. fund Cerberus Capital Management is likely to sell its $474 million stake in Japan's Imperial Hotel, the Nikkei business daily reported in its evening edition on Tuesday.
The headline this morning from Automotive News is hardly surprising, but it is another reminder of how the U.S. auto industry has changed dramatically in recent years. The latest data shows Japan surpassed the U.S. last year to become the world's #1 vehicle producer. It's the first time in 12 years Japan has outpaced the U.S. Not only that, but the Asian country is on track this year to expand its lead.
Japanese companies remained optimistic about business conditions in June from three months ago, a Bank of Japan corporate survey showed on Monday, underscoring widespread views that the Bank of Japan could raise interest rates as early as August.
Japanese core consumer prices fell slightly as expected in May from a year earlier. Separate data showed the jobless rate remained at a nine-year low of 3.8% in May, while household spending rose 0.4% from the same month a year earlier.
Japan's industrial production unexpectedly fell in May from a month earlier, casting doubt on an anticipated rebound in output and raising the hurdle for the Bank of Japan to raise rates in the coming months.
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.