Jan 30, 2009 3:40 PM ET
Japan industrial production index in December dropped 9.6%. The sharp decline in production was driven by falling demand in transport and industrial machinery orders and falling global exports. The total number of unemployed rose 17% in December. The Nikkei 225 index fell 3.1%.
Jan 29, 2009 12:00 PM ET
December retail sales in Japan fell 2.7% as consumer keep a tight grip on spending on worrying job losses. The recent declines in energy costs have still not been passed on to the consumers. Sony reported operating loss in the third quarter of 18 billion and estimated full year loss of 150 billlion.
Jan 28, 2009 11:08 AM ET
Stocks in Tokyo trading gained 0.6% on the expectations that the U.S. stimulus plan will be passed. Panasonic is expected to reported first loss in six years. Sumitomo Mitsui Financial Group net dropped nearly 70% in the nine months ending in December.
Jan 27, 2009 3:44 PM ET
Japan launches emergency aid for struggling companies. Coca-Cola seeks 50% stake in Kikkoman Corp. but the Japanese company is still not sure how much stake it plans to sell. International tourist arrivals dropped sharply in December. Japanese tourist traveling to foreign destinations declined too.
Jan 26, 2009 10:01 AM ET
Stocks in Japan fell on the worries that auto exports and domestic sales will fall. Media reports also suggested that Nomura may suffer a loss of as much as 300 billlion in the latest quarter largely on Madoff scandal in the U.S. Nissan predicts a sharp fall in global vehicle sales.
Jan 23, 2009 5:50 PM ET
Sony estimated first annual loss in fourteen years demand for games, electronics and entertainment products fall. Samsung in Korea also reported weak outlook for memory chips. The benchmark index in Tokyo trading dropped 3.8%. Toyota will cut full time staff for the first time in sixty years.
Jan 22, 2009 6:09 PM ET
Japan exports in December plunged, in yet another confirmation of sharp deceleration in international trade among developed nations. Exports to U.S. declined for the sixteen month in a row and to China dropped 36% and Europe declined 42%. The Bank of Japan left rates unchanged.
Jan 20, 2009 11:11 AM ET
Tokyo stocks dropped more than 2% on the latst read on the service industry index showed a decline in November. The weakness in the service sector is the latest confirmation of the declining economy in Japan. Tokyo appoints grandson of the founder Toyoda.
Jan 19, 2009 1:40 PM ET
Toyota plans to cut in half its production in Japan and in the U.S. as the global vehicle demand estimates weaken. Only few weeks ago General Motors lowered its estimate of global and domestic U.S. demand. Property transactions declined 50% in the year and 80% in December.
Jan 16, 2009 8:31 AM ET
The U.S. stocks edge higher after the Bank of America was offered emergency loan of $20 billion. The troubled bank and Citigroup declared larger than expected losses. UK is considering to offering more loan guarantees to banks, mortgage and corporate loans. Companies in Asia trim production.