Latest Japan News
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Higher exports fail to plug widening Japan trade deficit
TOKYO - Japan's trade deficit rose substantially more than expected in the month April to 879.9 billion yen ($8.6 billion), which is a 70% jump over the trade deficit during the corresponding month a year earlier, the Finance Ministry said Wednesday.. The deficit, for the tenth consecutive month, was wider than what many economists had forecast. A survey from the Nikkei business daily ...
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Japanese economy has begun to recover central bank
Japan's central bank said Wednesday that it will continue pursuing its current stimulus program and that the country's economy "has begun to recover" thanks to a reversal in the decline of exports, which account for 40 percent of Japanese GDP. "Domestic demand remains resilient due to the effects of the monetary relaxation measures" and the recently-approved stimulus policies, the Bank of Japan ...
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UN agency to open nuclear emergency preparedness centre in Fukushima
22 May 2013 150 Experts from the United Nations International Atomic Energy Agency (IAEA) are heading to Japan to launch an emergency preparedness and response centre in Fukushima, the coastal city devastated two years ago when a massive earthquake and tsunami set off meltdowns at a nuclear power plant. The IAEA, supported by the Government of Japan, will designate a new Response and ...
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Microsoft boosts Japan Azure offering adds data centers
IDG News Service - Microsoft will boost its Azure cloud offering in Japan, adding two domestic data centers to speed response times and improve reliability in the face of natural disasters. The software giant said Thursday that it would add cloud-based hosting services in two regions, one near Tokyo and one in the Kansai region further south. Redundancy is a priority in earthquake-prone Japan, ...
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Volatility rocks Europe following Tokyo tumble
(59 mins ago) European stock markets slumped dragging down most indices by more than 2 percent after Tokyo shares plunged at the close today. Analysts said small investors headed for the exit in Tokyo as a result of weak daya from China and signs that the US Federal Reserve may soon taper stimulus. London's benchmark FTSE 100 index sank 1.82 percent to stand at 6,715.83 points in midday ...
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Gold Price Bounces 3 with Silver as Tokyo Stocks Sink China Slows US Fed Discusses Immediately Cutting $85Bn in Monthly QE
pushed higher Thursday morning in London, with silver making the same 3.0% rally from yesterday's sell-off while world stock markets slid and commodities fell.Tokyo's Nikkei index - up by 85% from November - dumped more than 7% after new data showed a surprise contraction in China's manufacturing sector.Private "retail" investors have "abducted" the Japanese ...
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Gold Up 1.5 As Stocks Globally Fall After Nikkei Crashes 7.3
Today's AM fix was USD 1,386.00, EUR 1,074.92 and GBP 919.16 per ounce. Yesterday's AM fix was USD 1,385.25, EUR 1,071.43 and GBP 917.75 per ounce. Gold fell $10.20 or 0.74% yesterday to $1,367.60/oz and silver finished up 0.07%. Gold is up today while stock indices globally are sharply down after the Nikkei crashed 7.3%. The stock crash in Japan is leading to weakness in European ...
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Nikkei dives 7 ends below 14500
Tokyo’s Nikkei stock index tumbled more than 7 percent Thursday to end a roller-coaster trading session below 14,500 as selling triggered by weak Chinese data outpaced sharp gains made earlier and snapped a four-session winning streak. The 225-issue average closed down 1,143.28 points, or 7.32 percent, from Wednesday at 14,483.98, marking its steepest point fall since April 17, 2000, ...
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600 students lose loans for poor performance
About 600 university students have been declared no longer eligible for student loans because of their poor academic performance last year, the Japan Student Services Organization said Thursday. It is the first time the organization has taken such tough action, which was prompted by a growing number of unpaid loans. To continue to receive the loans, students are required to renew their ...
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Sony Blu-Ray makers sue Imation over blank discs
Imation Corp.'s line of blank Blu-Ray discs has drawn a lawsuit by Sony Corp. and other Blu-Ray inventors who say that the data storage company is infringing on their patents. Bloomberg reports that One-Blue a consortium created by Sony, Panasonic Corp., Pioneer Corp. and Koninklijke Philips claims in the suit that Oakdale-based Imation violates several patents, wrongly includes the ...
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UPDATE 1-Japan govt Nikkei plunge temporary wont derail Abenomics
Thu May 23, 2013 7:52am EDT * Japan government puts brave face on Nikkei plunge * Government, investors agree trigger was China data, recent rise * Top spokesman says no change to 'Abenomics' * Biggest slide since 2011 quake, tsunami (Adds government officials, market analysis) By Tetsushi Kajimoto TOKYO, May 23 (Reuters) - The biggest plunge in Japanese stock prices since a 2011 ...
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Premarket Stock futures off lows after Nikkei plunge
Stock futures are suggesting significant losses when U.S. and Canadian markets open this morning, but not nearly to the same degree as what was seen overnight in Asia and so far this morning in Europe.Japan's Nikkei took a brutal fall overnight, losing more than 7 per cent in heavy volumes, as the value of the yen spiked as much as 2.3 per cent against the U.S. dollar. It was the biggest ...
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Markets roiled by Nikkeis 7.3 percent slide
A man walks past an electronic stock indicator showing the Nikkei 225 index which nosedived 1,143.28 points, or 7.3 percent to close at 14,483.98 in Tokyo Thursday, May 23, 2013. Japanese stocks plummeted Thursday after a spike in government bond yields and unexpectedly weak Chinese manufacturing spooked investors sitting atop months of massive gains in share prices. (AP Photo/Shizuo ...
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Global Markets Reel on Nikkeis 7.3 Slide
Financial markets around the world were roiled Thursday after Japanese stocks suffered their biggest slide since the country was hit by a devastating tsunami more than two years ago. Several reasons have been blamed for the 7.3 percent fall in the Nikkei index to 14,483.98, including a spike in Japanese government bond yields ...
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Japans Nikkei plunges 7.3
U.S. stocks tumbled Thursday after Bernanke spoke, Fed meeting minutes released U.S. stocks, which fell sharply Wednesday, were poised for more declines Thursday. Following a sharp sell-off in global markets, Dow Jones industrial average futures were 1% lower while the broader Standard &Poor's 500 futures fell 1.2%. The tech-laden Nasdaq composite index was down 1.1%.Those declines are ...
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Japan stocks plunge 7
A seven-month rally in Japanese stocks came to an abrupt halt Thursday as the benchmark Nikkei index plunged by 7.3%, with investors rattled by weak economic data from ...
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Japan market gyrations underline economys vulnerability while verdict still out on Abenomics
TOKYO - Japan's financial markets gyrated wildly Thursday, underscoring the vulnerability of its economy to a loss of investor confidence as Prime Minister Shinzo Abe attempts shock monetary easing to end two decades of stagnation. Interest rates, or yields, on 10-year Japanese government bonds briefly topped 1 per cent for the first time in a year on Thursday, following news that some ...
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Japanese climber 80 becomes oldest to summit Everest
Yuichiro Miura, 80, scaled Mount Everest Thursday, becoming the oldest person to reach the summit of the world's tallest peak, his office said. Miura, who is also an extreme skier, reached the summit of the 29,028-foot Himalayan peak in Nepal about 9 a.m. Thursday, Mainichi Shimbun reported, quoting his Tokyo office. "It's the greatest feeling in the world. I feel like ...
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Currencies Dollar tumbles vs. yen as Japan stocks sink
LONDON (MarketWatch) -- The dollar slumped on Thursday, dropping closer to the 100-yen level, as Japanese stocks plunged on the back of disappointing Chinese data and fears the U.S. Federal Reserve could soon begin to reduce its bond ...
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European stocks dive after Tokyo plunge
LONDON (AFP) - European stock markets slumped in early trading on Thursday, with most indices losing more than 2.0 percent after Tokyo shares plunged owing to weak Chinese data and signs that the US Federal Reserve may soon taper massive stimulus measures, analysts said.London's benchmark FTSE 100 index retreated 1.74 percent to 6,720.88 points, Frankfurt's DAX 30 slumped 2.33 percent ...
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Tokyo market plummets more than 7 drags down global stocks
A woman walks past an electronic board displaying a graph showing the dramatic downturn of Japan's Nikkei average outside a brokerage in Tokyo, May 23, 2013. (Toru ...
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Japans Monetary Policy a Big Experiment
Ben Broadbent, member of the Monetary Policy Committee at the Bank of England, tells CNBC that Japan is in the midst of a big monetary experiment, so volatility in equity and bond markets should be seen in that ...
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Japan Economy Chief Warns Against Panic Over Stock Sell-Off
Japan 's economy minister said there's no reason to be perturbed by today's sell-off in the nation's stocks, as the recent surge in equities was faster than expected and the economy is steadily recovering. "There's no need to be perturbed as the Japanese economy is recovering soundly," Akira Amari told reporters in Tokyo today. "We will closely watch ...
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CA stops PH-Japanese contract to develop Nampeidai property in Tokyo
MANILA, Philippines--The Court of Appeals indefinitely stopped the implementation of a contract forged by the Philippine government with Japanese consortium Nagayama Taisei Corporation (NTC) for the development of the controversial Nampeidai property in Tokyo, Japan. In a 5-page resolution, the appeals court granted the injunction sought by Finance Secretary Cesar Purisima, Foreign Affairs ...
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Japan minister Not worried about day’s stock drop
"I thought the pace of the Nikkei's rise recently was faster than expected," economy minister Akira Amari said. "The weak Chinese data prompted investors to take profits all at the same ...
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Japan focuses on next big export
Smart grids are the way of the future, according to a Japanese consortium of seven companies that want to invest in the cities of the future and pave the way for the next big export to come out of Japan.
Japan is already one of the leading high-tech industries of the world, producing gadgets and appliances that are sold globally, from cars and microwaves to robots for use in surgery, space and mines. The country is a major manufacturing hub, there are Sony, Panasonic, Toshiba and Nintendo appliances in homes across the globe and many of the world’s most famous export brands have their headquarters in Japan or were founded in Japan. Read more
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