• The Japanese government stuck to its view that the economy was recovering despite weak industrial output, while noting weaker consumer confidence in its monthly economic report.

  • More than 10,000 people sheltered in evacuation centres on Tuesday in Japan's northwest after a strong earthquake flattened hundreds of houses, killing at least nine people and injuring more than 900.

  • A strong earthquake jolted northwestern Japan on Monday, injuring more than 190 people, destroying houses and sparking a fire at a nuclear power plant, Japanese media and officials said.

  • ArcelorMittal Broadens Alliance with Nippon Steel Thursday, 12 Jul 2007 | 11:04 PM ET

    ArcelorMittal, the world's largest steel company, said on Thursday it signed a memorandum of understanding with Nippon Steel for a global strategic alliance and expansion of current joint business ventures in North America.

  • Fast Retailing Cuts Forecast Again, Mum on Barneys Thursday, 12 Jul 2007 | 10:22 PM ET

    Japanese clothing retailer Fast Retailing said its quarterly net profit fell 3% and it cut its full-year forecast for a third time due to losses at subsidiaries and a recent slump in same-store sales.

  • Bank of Japan Keeps Rates Unchanged by 8-1 Vote Thursday, 12 Jul 2007 | 1:01 AM ET

    The Bank of Japan left its key policy rate unchanged for a fifth month at 0.50% on Thursday, a widely expected move that sets the scene for a possible rate hike next month.

  • Citigroup to Boost Number of Japan Branches by 40% Wednesday, 11 Jul 2007 | 6:13 AM ET

    Citigroup plans to boost the number of its branch locations in Japan by 40% to about 200, including those of recently acquired brokerage Nikko Cordial, as the financial firm looks to move beyond a niche role in the world's second-largest economy.

  • 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 Machinery Orders Rise More Than Expected Sunday, 8 Jul 2007 | 11:05 PM ET

    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.

  • Japan's Nomura and Resona Are In Alliance Talks Friday, 6 Jul 2007 | 1:15 AM ET

    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.

  • San Miguel Is in Talks to Sell Australia Unit Stake Wednesday, 4 Jul 2007 | 10:55 PM ET

    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.

  • Mainland China Firm to Go Public in Tokyo Wednesday, 4 Jul 2007 | 10:48 PM ET

    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.

  • Cerberus May Sell Imperial Hotel Stake: Report Tuesday, 3 Jul 2007 | 6:53 AM ET

    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.

  • Japan World's #1 Automaker: What's Ahead For Big 3? Monday, 2 Jul 2007 | 9:13 AM ET
    Japanese Flag

    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 May Industrial Output Falls Unexpectedly Wednesday, 27 Jun 2007 | 11:21 PM ET

    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.

  • Japan Retail Sales Beat Expectations, Rise in May Tuesday, 26 Jun 2007 | 11:03 PM ET

    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.

  • Are You Being Paid to Take Risks? Tuesday, 26 Jun 2007 | 10:22 AM ET

    "Risk appetite has started to abate expressed by lower equity markets, rising credit spreads and continued steepness of bond curves."