With the yen at 15-year highs, these are gloomy times for the export-driven Japanese economy. But the rising yen has benefitted some shares: defensive issues that can withstand—or even thrive under—a strong currency.
Asian News and Business
With the yen at 15-year highs, these are gloomy times for the export-driven Japanese economy. But the rising yen has benefitted some shares: defensive issues that can withstand—or even thrive under—a strong currency.
Machinery orders rose less than forecast in June, a sign that companies may be holding off on spending as the export-led recovery cools. Orders, an indicator of business investment in three to six months, gained 1.6 percent from May, when they dropped 9.1 percent in the biggest decline since August 2008, the Cabinet Office said Wednesday. The median forecast of 25 economists in a survey was for a 5.4 percent gain.
Consumer confidence rose in June to its highest level in 2 1/2 years, signaling households may be able to contribute to the export-led recovery. An index of sentiment climbed to minus 41.2 from minus 62 in March, improving for the fifth straight quarter, the Bank of Japan said Wednesday.
Large manufacturers say business conditions have improved from three months ago, signaling the export-led recovery is gaining traction even as Europe’s debt woes roil global financial markets, the government said Monday. Sentiment was 10 points compared with 4.3 points last quarter, according to a government report. Companies said they plan to increase spending on plants and equipment by 9.7 percent this fiscal year, compared with the 5.5 percent reduction projected three months ago
Wages slid in February for the 21st straight month, extending their longest losing streak in seven years in a sign that workers aren’t reaping the benefits of the export-led recovery. Monthly wages including overtime and bonuses slipped 0.6 percent from a year earlier to ¥264,456 after dropping 0.2 percent in January, the labor ministry said Wednesday.
The survey, conducted by the Korea International Trade Association (KITA) on 1,082 local exporters, registered 128.4 in the export business survey index (EBSI) for the second quarter. An EBSI reading …
Asian demand for autos and electronic goods underpinned growth in Japan, but the export growth was slower than analysts had predicted.
A U.S.-backed proposal to ban the export of Atlantic bluefin tuna prized in sushi was rejected by a United Nations wildlife meeting.
VNBusinessNews.com – Global economic recovery led to a slight increase in export earnings for the first two months of the year, Nguyen Thanh Bien, deputy Minister of Industry and Trade, said at a meeting in HCM City on Thursday.About US$8.9 billion, or a rise of 0.1 per cent over the same period last year, was recorded.High growth rates were seen in many sectors, including the seafood sector,
VNBusinessNews.com – Viet Nam exported 17,000 tonnes of pepper worth US$52 million in export turnover in the first two months of the year, an increase of 10 per cent in volume and 33 per cent in value over the same period last year.Over 7,000 tonnes worth $23.5 million were exported in January and the figure jumped to more than 9,000 tonnes or $28 million in February.In January, the US and