Japan's household spending fell more than expected and the jobless rate rose slightly in December, underlining sluggishness in consumption and raising the hurdle for the Bank of Japan to lift interest rates next month.
Japanese consumer prices rose less than expected in December from a year ago, adding to doubts over the Bank of Japan's ability to raise interest rates next month, sending the yen lower and bond futures to a one-month high.
Japan's trade surplus rose a weaker-than-expected 22.8% in December from a year earlier amid concerns that a slowdown in the U.S. economy may hurt Japanese exports.
"Overall, 52% of CEOs are 'very confident' and 40% 'somewhat confident” about revenue growth over the next year -- more than double the level of 2001."
The Tokyo and New York stock exchanges are in the final stages of alliance talks and may come to an agreement as soon as the end of the month, The Wall Street Journal reported on Wednesday, citing the head of the Tokyo exchange.
Japan's current account surplus expanded 21.5% from a year earlier in November, the Finance Ministry said Wednesday, highlighting a healthy demand overseas for Japanese exports.
The Bank of Japan is likely to keep interest rates on hold this week, although the central bank's policy board has not entirely ruled out a rate rise, according to a report on the Web site of Japan's largest business daily.
Machinery orders at Japanese firms rose more than expected in November from October, signaling firm capital spending and reinforcing market expectations that the Bank of Japan could raise rates this week.
A sobering assessment of growth prospects in the developed world from Carl Weinberg, High Frequency Economics.
Sony's long-awaited PlayStation 3 may have missed its global shipment target and been beaten in its home market by rival Nintendo's surprise hit Wii video game system, new figures show.
Japan’s Nikkei Index has had its longest bull run since 1989, ending 2006 up 7%. Unemployment in the country is at an eight-year low, and despite a possible rate hike in the spring Japan is reclaiming its leadership position in the global economy. But is it too late for investors to get a piece of this growing economy? President of Matthews Asian Funds Mark Headley says no.
The Nikkei 225 Average ended 2006 on a high note Friday, booking its fourth consecutive year of growth -- something the Japanese stock market has not seen in nearly two decades.
Japanese industrial output rose less than expected in November, data showed Thursday, giving economists little help in gauging whether the Bank of Japan will raise interest rates next month.
Roughly $110 billion flowed to the more than 9,200 hedge funds in 2006, according Chicago-based firm Hedge Fund Research. Senior managing director of Channel Capital Group George Lucaci was on “Closing Bell,” explaining which funds made the most money this year. He also highlighted what to look for in 2007.
Retail sales in Japan fell unexpectedly in November from a year earlier, underlining the view that consumption remains a weak link in the economic recovery and trimming the chances of an interest rate hike in January.
Japanese consumer price growth matched expectations and personal consumption fell less than forecast in November, keeping alive speculation that the Bank of Japan could raise rates as early as next month.
Japan's trade surplus rose more strongly than expected in November from a year earlier as growing exports continued to underpin a steady recovery of the world's second-largest economy.
In the last week before Christmas Scrooge is no where to be seen. The skeptics are being driven from the markets. It is nigh on impossible to find a strategist at the moment prepared to come on TV and tell you not to own lots of stocks going into 2007. Giles Keating, Head of Research at Credit Suisse is a case in point, it doesn't get much more Goldilocks than this: U.S. soft landing then reacceleration of growth in the second half of the year, Europe outperforms the U.S., and Japan (A STINKER THIS YEAR) recovers further. Safe in emerging markets, but hard to find value in bond markets. Inflation doesn’t threaten the party and corporate profits continue to roll along nicely, with partial confirmation from another guest –- Ed Thompson, Gartner (the tech research people) –- that corporate spending on software and IT is, if anything, picking up.
Japan's current account surplus rose unexpectedly in October from a year earlier as continued gains in investment income offset a shrinking trade surplus.
China should surpass Japan this year to become the world's No. 2 investor in research and development after the United States, an international economic group said.