Japan's retail sales rose less than expected in April from a year earlier, suggesting that higher energy and food prices are putting consumers off their shopping.
The Japanese government nominated hawkish economics professor Kazuhito Ikeo to the Bank of Japan's rate-setting policy board on Thursday, despite his previous rejection by opposition lawmakers, setting the stage for another political tussle in parliament.1st paragraph of story should go here
It's not often that an e-mail makes me stop and say "Hmmmmm. Do a lot of people feel the same way?" But, this one from Nathan did just that.
Asian markets were mostly lower Wednesday, as a cloudy U.S. economic outlook and lingering inflation fears left investors skittish. Australia, Japan and South Korea all closed over 1 percent lower.
1st paragraph of story should go here
It's MINI that may be best positioned right now. WIth sales up 29.9% this year, The MINI Cooper and Clubman are compact cars with the unique combination of style and fuel efficiency in a tight little package.
Asian markets rebounded Tuesday from the previous session's dip, as bargain hunters scoured the market after five days of losses. Both Japan and South Korea finished over 1% higher.
Japanese government plans to fill one of two vacancies on the Bank of Japan's rate-setting policy board were thrown into disarray on Tuesday when the name of a nominee was leaked to the media, upsetting opposition lawmakers.
Asian stocks retreated into negative territory Monday, with most markets down more than 1% on fears that slowing U.S. consumer demand will hurt Asia's export-oriented economies. Japan shed 2.3% while South Korea slipped 1.5%.
Asian markets were mixed Friday following a pullback in oil prices. A stronger U.S. dollar lifted some exporters in the region. Japan managed to close slightly higher but Australia shed 1 percent, weighed down by declining resource stocks.
Asian markets pared back earlier losses Thursday to give a mix performance, though prospects of higher inflation and a weak U.S. economy kept investors cautious. Japan and Australia both managed to close in positive territory.
Japan's exports rose more than expected in April from a year earlier, as a surge in shipments to China and other developing countries cushioned the blow of U.S. economic weakness.
In hybrids, Honda has announced that early next year it will roll out a lighter, more affordable 5 door hatchback that will look similar to the hydrogen fuel cell FCX Clarity model. The plan: annual sales 200,000 worldwide, including a 100,000 here in the U.S.
Asian stocks were sharply lower Wednesday as fears about consumer demand in the face of high oil prices rattled investors. Japan closed 1.6% lower while Australia shed 1.4%.
Asian stocks ended lower on Tuesday, snapping a six-day rising trend, weighed by retailers as oil continued a relentless rise, keeping inflation fears high.
The Bank of Japan left interest rates unchanged at 0.5 percent on Tuesday, as expected, opting to take more time to determine when the fog will clear from the economy -- both in Japan and around the world.
Asian markets hit a new four-month high Monday as a relentless rise in oil prices bolstered resource shares, but wariness about inflation and doubts about the U.S. economy kept gains in check.
Asian stocks rose cautiously Friday with markets modestly higher with Australia finishing just below the 6,000 level. But Japan closed in negative territory on profit-taking after spending most of the session in the black.
Japan's economic growth unexpectedly picked up pace in the first quarter thanks to firm exports and consumption, allaying fears that deepening global financial market problems may take a toll on the world's second-largest economy.
Here's one for those of you who think auto manufacturers should be trying to build cars that get 100 mpg (and yes, there are a lot of you out there based on the e-mails I get from you). Tata Motors is the first mass-market automaker to enter the automotive X Prize competition...