A Japanese central bank survey shows sentiment among big manufacturers is steady, though companies in all sectors expect conditions to deteriorate in the coming months.
The yen and euro got a boost Wednesday as traders bought safe-haven currencies while commodity-linked units took a beating on the back of weak oil prices and worries about the global economy.
Japan has sidestepped its second recession in as many years after revised data Tuesday showed that the economy actually grew last quarter.
The yen picked up Tuesday after better-than-expected Japanese growth data eased worries about the economy, and lowered expectations of more Bank of Japan (BOJ) stimulus in the near term.
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Two of Japan's biggest oil refiners said Thursday they would merge in a bid to counter an industry downturn, creating a mega-firm that would control half of the country's crude market.
Japan's usually sedate stationery sector has been rocked by a pencil supply crisis that is drawing a backlash -- and panic buying -- among architects and animators.
A tiny Tokyo noodle shop joined the ranks of the world's top restaurants Tuesday as it scooped up a star from the respected Michelin Guide.
Japan's public pension fund -- the world's biggest -- lost a whopping US$64 billion in the July-September quarter, according to a new report, as global equity markets plunged this summer on fears over mainland China's economy.
Japan's central bank governor and other officials are stepping up appeals to cash-rich corporations to do more to boost the country's faltering economic recovery.