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July, 30, 2016

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Business > Asia > Japan
Japan exports, imports fall with sluggish economy
Japan's exports fell for a sixth straight month in March, sapped by weak shipments of machinery and chemicals, though a sharper decline in imports helped push the trade surplus to its highest level in more than five years.
The yen eased Tuesday after Japan's finance minister reiterated that officials could intervene in forex markets to stem the unit's steep rise, but analysts warned such a move risked triggering a currency war in Asia.
The yen extended its advance Monday despite repeated efforts to talk down the safe-haven currency, as concerns over the impact on exporters weighed on the stock market.
The yen on Friday gave up some of this week's strong gains against the U.S. dollar as officials warned about the impact of its rally, which is threatening to damage Tokyo's efforts to kick start the economy.
Japanese Prime Minister Shinzo Abe has ruled out intervening in currency markets to halt a surge in the yen, despite the unit sitting near a year-and-a-half high against the United States dollar Wednesday.
The yen pushed toward an 18-month high against the dollar Tuesday as investors seek refuge from an equity market sell-off and expectations of a near-term U.S. interest rate hike fade.
Updated Tokyo skyline icons still standing firm
The Ark Hills complex in Tokyo's Akasaka district, "Japan's first major private-sector redevelopment," celebrated its 30th anniversary at the end of March.
Confidence among Japan's biggest manufacturers dropped last quarter to its lowest level since Prime Minister Shinzo Abe kicked off his much-vaunted program to boost growth three years ago, a survey showed Friday.
Japan's factory output plummeted in February at its sharpest pace since the aftermath of the 2011 earthquake and tsunami disaster, government data showed Wednesday, the latest setback to efforts to rejuvenate the world's third-largest economy.
Japan spending gets leap year lift, big outlook dim
Spending by Japanese families increased in February for the first time in six months, government data showed Tuesday, but analysts said the rare good news for Prime Minister Shinzo Abe is likely to be short-lived.
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