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Tokyo’s benchmark Nikkei index closed flat on Monday, as Nintendo shares tumbled after reports said its next console would be delayed. The benchmark Nikkei 225 index edged down 0.04 percent, or 16.86 points, to end at 38,470.38, while the broader Topix index climbed 0.57 percent, or 14.96 points, to 2,639.69. nf/kaf/smw
TOKYO, Japan (AFP) — Japan’s economy shrank in the three months to September, official data showed Wednesday, after a string of natural disasters hit consumer spending and exports, and China’s slowing economy cast a shadow. Gross domestic product for the July-September period contracted 0.3 percent from the previous quarter, reversing growth of 0.8 percent in the April-June period, according to the government’s Cabinet Office. A number of natural disasters dampened personal consumption, company investment and […]
TOKYO, Japan (AFP) — Japan’s economy slid into negative territory for the first time in two years at the beginning of the year, official data showed Friday, confirming preliminary figures issued last month. The world’s third-largest economy contracted by 0.2 percent quarter-on-quarter in the January-March period, unchanged from the preliminary figure, the Cabinet Office said. The new data also revises upwards the figure for the last quarter of 2017, to 0.3 percent from 0.1. The […]
by Hiroshi Hiyama and Richard Carter Agence France Presse TOKYO, Japan (AFP) — Japan’s government nominated Haruhiko Kuroda for a second term as central bank governor Friday, handing the veteran finance chief more time to battle deflation and kick-start the world’s number-three economy. Kuroda’s nomination was among those submitted to the parliament in a document seen by reporters, and had been widely expected. Handpicked by Shinzo Abe to steer the former economic powerhouse out of […]
TOKYO, Japan (AFP) — Japan’s October trade surplus shrank 40.7 percent from a year earlier as growth in exports were eclipsed by higher costs of importing crude oil and petroleum products, the government said Monday. The world’s third-largest economy logged a surplus of 285.4 billion yen ($2.5 billion), down from a 481.2-billion-yen surplus a year earlier, according to data from the finance ministry. The latest figure was modestly lower than market expectations of a 330-billion-yen […]
TOKYO, Japan (AFP) — Japan’s Kobe Steel admitted Friday that a snowballing falsified data scandal had affected around 500 customers, more than twice as many as initially thought. More than 30 foreign customers were affected, including Boeing, Airbus, General Motors, Tesla, German automaker Daimler and PSA of France, according to Japan’s leading Nikkei business daily. The new estimate comes as Kobe Steel’s battered stock fell almost nine percent to finish at 805 yen ($7.20), down […]
