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Japan current account balance back in black

Sep 8, 2014

Japan current account balance back in black

The nation’s current account balance was in the black for the first time in two months in July, hitting ¥416.7 billion as the income from foreign investments rose to a record high for the month, outweighing the trade deficit, the government said Monday. Imports ...

Sep 8, 2014

Japanese investors buy most British, Aussie debt since 2011

Japanese investors bought the most British and Australian long-term sovereign bonds since 2011 in July, while dumping German Bunds in the first seven months of the year amid unprecedented European Central Bank stimulus. Fund managers in the Asian nation net purchased ¥375 billion of ...

Sep 8, 2014

Business confidence fell in August as downpours hit nation

Business confidence among workers sensitive to economic trends fell in August for the first time in four months as prolonged rain and typhoons discouraged consumers from spending. The diffusion index of responses to the government’s survey of “economy watchers” such as taxi drivers and ...

Rakuten falls most in four months on talks to acquire Ebates

Sep 8, 2014

Rakuten falls most in four months on talks to acquire Ebates

Rakuten share prices fell further Monday than they had in four months after the owner of Japan’s largest online mall said it is in talks to buy U.S. website operator Ebates Shopping.com Inc. Rakuten, controlled by billionaire Hiroshi Mikitani, is negotiating the acquisition, according ...

Sep 8, 2014

Sharp putting U.S. solar unit Recurrent Energy up for sale

Sharp Corp. is seeking to sell its U.S. solar-energy development unit Recurrent Energy. The electronics maker has retained Bank of Nova Scotia to help shop San Francisco-based Recurrent, according to documents obtained by Bloomberg. The deal is Sharp’s latest step back from the solar ...