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April 26, 2017

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Business > Asia > Japan
Weak Japanese growth puts pressure on Abe
Japan's economy barely grew in the second quarter, revised data showed Thursday, further calling into question Prime Minister Shinzo Abe's big-spending easy-money policy drive.
 
The yen picked up on Monday as Japan's central bank chief left markets guessing about whether policymakers would launch fresh easing measures this month. Traders were keen to see if Haruhiko Kuroda -- speaking at a Tokyo business seminar -- would drop any hints about the BoJ's policy plans.
 
Japan passenger jet aborts two test flights to US in two days
Japan's new passenger jet on Sunday aborted a test flight to the United States for the second time in two days because of an air conditioning defect, its maker said.
 
Japanese inflation continued to disappoint in July, according to data released on Friday, with consumer prices dropping for a fifth straight month in the latest blow to Tokyo's faltering war on deflation.
 
The dollar broadly weakened Tuesday as traders awaited a speech by Federal Reserve chief Janet Yellen, which they hope will offer fresh clues about U.S. monetary policy.
 
Japan's economy stalled in the April-June quarter, data showed Monday, missing market forecasts and rekindling worries about the government's faltering bid to stoke a recovery.
 
The yen weakened Monday as disappointing Japanese second-quarter GDP data boosted speculation that the country's central bank will have to unleash more stimulus to counter a downturn.
 
Tokyo's benchmark index, the Nikkei, closed at its highest level in more than two months Friday after Wall Street powered to fresh records and a weaker yen boosted sentiment.
 
The yen held its gains Wednesday after markets were left underwhelmed by Japan's bid to stimulate the sluggish economy, sparking demand for safer assets.
 
Apple buys from 865 Japanese firms
Apple Inc. did around 3.6 trillion yen worth of business with 865 Japanese suppliers for parts and other items in 2015, according to figures released by Apple on Tuesday.
 
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