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Japan clobbered by weak inflation, businesss confidence

Japan was clobbered with a one-two punch Friday morning as weak data and a lackluster business confidence report underscored the slowdown dragging on the world’s No. 3 economy. The poor readings will heap pressure on policymakers to unveil more stimulus, after the yen surged again in the wake of Britain’s ...

Jul 1, 2016

Japan consumer confidence up again in June

Consumer confidence improved in June for a second month amid better employment conditions and relatively stable stock markets, the government said Friday. The seasonally adjusted index of sentiment among households made up of two or more people rose 0.9 points to 41.8, the Cabinet ...

Jul 1, 2016

New BOJ member Masai warns about risks of excessive forex moves

The Bank of Japan’s new board member has warned that excessive moves in foreign-exchange markets pose risks for economic activity. “It’s undesirable for foreign-exchange rates to move by not reflecting economic fundamentals,” Takako Masai, the board member who officially joined the bank Thursday, said ...

Jul 1, 2016

Kyushu Railway likely to go public in October

Southwestern Japan rail operator Kyushu Railway Co. has filed to list on the Tokyo bourse and is expected to go public in October, a source close to the matter said Friday. With an expected market capitalization of around ¥500 billion, the listing by the ...

Jul 1, 2016

Mitsubishi Motors, Nissan restart sales of scandal-affected minicars

Mitsubishi Motors Corp. and Nissan Motor Co. restarted sales of Mitsubishi-produced minicar models on Friday after a 2½-month hiatus following the revelation of fuel-economy data manipulations for the vehicles. Mitsubishi Motors began receiving orders for the eK Wagon and eK Space, with delivery beginning ...

Jul 1, 2016

Sharp to re-enter European market for household solar panels

Sharp Corp. is to re-enter the European solar panel market in cooperation with Taiwan’s Hon Hai Precision Industry Co., sources have said. In the face of weak domestic demand, Sharp plans to expand overseas using the existing sales network of Hon Hai, better known ...