World stocks added to the previous week's losses on Monday, hugging one-month lows as investors pulled back from a more than seven month rally and prepared for the eventual withdrawal of stimulative monetary policy.
Former Japanese Finance Minister Shoichi Nakagawa, who resigned from his post after appearing intoxicated at a news conference earlier this year, was found dead in his home Sunday, police said.
Business confidence in Japan improved for a second quarter running, but the outlook for spending and profitability remains weak, according to a survey by the Bank of Japan on Thursday.
Japan Airlines has asked the Japanese government to buy a stake in it as part of a proposed $2.5bn capital raising designed to fund the struggling carrier's operations and pay for a drastic restructuring.
Liberal Democratic Party Prime Minister Taro Aso resigned early Wednesday, setting the stage for Democratic Party of Japan leader Yukio Hatoyama to take over the reins of government.
Japanese Prime Minister Taro Aso announced his resignation as head of the party that has governed Japan for decades following its apparent landslide defeat in elections Sunday.
World stocks added to the previous week's losses on Monday, hugging one-month lows as investors pulled back from a more than seven month rally and prepared for the eventual withdrawal of stimulative monetary policy.
Former Japanese Finance Minister Shoichi Nakagawa, who resigned from his post after appearing intoxicated at a news conference earlier this year, was found dead in his home Sunday, police said.
Business confidence in Japan improved for a second quarter running, but the outlook for spending and profitability remains weak, according to a survey by the Bank of Japan on Thursday.
Japan Airlines has asked the Japanese government to buy a stake in it as part of a proposed $2.5bn capital raising designed to fund the struggling carrier's operations and pay for a drastic restructuring.
Liberal Democratic Party Prime Minister Taro Aso resigned early Wednesday, setting the stage for Democratic Party of Japan leader Yukio Hatoyama to take over the reins of government.
Japanese Prime Minister Taro Aso announced his resignation as head of the party that has governed Japan for decades following its apparent landslide defeat in elections Sunday.
Japan's July exports fell more sharply on a year-on-year basis than in June, highlighting concerns that the world's second-largest economy faces a slow recovery.
Japan's Prime Minister Taro Aso announced a historic ¥15 trillion ($150 billion) stimulus package Friday aimed to turn around the recession in the world's second largest economy.
Euphoria returns! Who could have guessed that Bank of America stock would rally 70 percent the week it learns the Feds are demanding new capital equal to nearly half the bank's market capitalization?
Unemployment in Japan rose to 4.8 percent in March, its highest level in seven years and a nearly half-point rise from February, the government reported Friday.
Japan's Prime Minister Taro Aso announced a historic $150 billion stimulus package Friday aimed to turn around the recession in the world's second-largest economy.
Steeped in a recession, with a surge in bankruptcies and sentiment among its largest manufacturers at a record low, Japan is expected to announce ¥15 trillion ($150 billion) in extra spending Friday.
As President Obama discusses the economic crisis with world leaders at the G-20 summit this week, two nations' experiences wrestling with similar financial troubles in recent history could offer recovery lessons for the United States.
Japanese industrial production fell for the fifth straight month in February, but the Ministry of Trade, Economy and Industry is predicting a bit of a turnaround in March and April.
The dollar rose against rival currencies Monday as investors continue to view the U.S. currency as a safer alternative to more risky assets despite the nation's weak economy.
Grappling with its worst economic crisis since World War II, Japan posted a record $10.1 billion trade deficit in January, the Ministry of Finance reported Wednesday.
Grappling with its worst economic crisis since World War II, Japan posted a record $10.1 billion trade deficit in January, the Ministry of Finance reported Wednesday.
Japan's Finance Minister Shoichi Nakagawa will step down, he announced Tuesday. He had come under fire after appearing intoxicated at a weekend news conference at the G-7 meeting in Rome.
As Barack Obama gets ready to sell his stimulus plan to the country, some critics are saying that massive government spending won't work. One big reason they're skeptical: Japan's experience in the 1990s, the country's so-called Lost Decade. But are they missing the real lessons?
Japan's current account surplus, a leading gauge of international trade, dropped 66 percent in November from the year before, a sharp decline reflecting the global economic slump, the government announced Tuesday.
Japanese Prime Minister Taro Aso's Cabinet on Wednesday approved a record budget, including an emergency economic stimulus package, for the 2009 fiscal year.
Asian markets fell Tuesday, following the lead taken by Wall Street stocks amid concerns about fourth-quarter corporate earnings, falling oil prices and ongoing woes in the auto industry.
The dollar rose against the pound and yen Monday, but remained flat against the euro as investors weighed the possibility of further rate cuts from the Bank of England as well as market intervention by the Bank of Japan.
The Bank of Japan on Friday cut its key interest rate to 0.1 percent from 0.3 percent in an effort to boost the country's economy in the midst of a global financial downturn Friday.
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