japan

G-7 Pledges to Restrain Japanese Yen

Japan's Nikkei 225 Index advanced 2.7% on Friday, ending a turbulent week at 9,207. In Hong Kong the Hang Seng Index inched up 0.1% to 22,300 and in China the Shanghai Composite Index rose 0.3% to close at 2,907.

G-7 to Help Weaken Surging Japanese Yen

The Group of Seven countries on Thursday agreed to intervene to reduce the value of the Japanese yen, which has surged to record levels after last week's earthquake and tsunami.

Are Investors Ignoring All the Good News?

With all the tragedy dominating the news these days, it's easy to be pessimistic. But the cold, hard facts about the economy actually paint a more optimistic picture.

Toyota to Keep Japanese Plants Idle Into Next Week

The Japanese automaker has extended its halt on vehicle production at its plants in Japan through March 22, as the country continues to reel from the devastation of last week's massive 9.0 earthquake and ensuing tsunami.

Luxury Biz on Edge After Japan's Earthquake

The Japanese are the world's most voracious consumers of luxury goods, from Louis Vuitton handbags to Cartier jewelry to Hermes high fashion. So purveyors of those luxury goods are justifiably worried about the effect of the Japanese earthquake and tsunami on their bottom lines.

Earthquake's Effects Rattle Japan's Carmakers

Toyota, Nissan and Honda, among other companies, have shut down plants temporarily in Japan in the wake of Friday's earthquake and tsunami. While many of their factories were undamaged, crippled nuclear plants are causing power shortages, and there has been damage to parts makers and transportation infrastructure.

Nuclear Catastrophe Sinks Japanese Shares

Japanese shares are enduring a tsunami of their own as investors pull money out of a market that is becoming more and more unstable by the day. The Nikkei 225 Index plunged 10.6%. In Hong Kong the Hang Seng Index slid 2.9% and in China the Shanghai Composite Index fell 1.4%.

For U.S. Beef Exports, 2010 Was Fat and Happy

The American beef market as rebounded since the dark days of 2003, when a cow found with "mad cow disease" virtually shut down U.S. beef and pork exports. Industry officials say 2010 was the best year on record for U.S. beef exports.

U.S. National Debt Is Huge, but It's Not a Catastrophe

True, the U.S. national debt is large and it should be reduced at some point, but does a large national debt doom a nation to economic ruin? Only if you believe that nations like Germany, France, and Japan are economic basket cases too.

Toyota Keeps Slim Lead Over GM Despite Recall Woes

Toyota managed to hold onto the title of world's No. 1 automaker last year, despite numerous safety recalls that took a toll on its sales. Toyota sold 8.42 million vehicles worldwide in 2010, enough to barely edge out resurgent General Motors, which rang up sales of 8.39 million.

Why Japan Is Rushing to Aid Europe: It's All About China

World markets got a boost this week from Japan's pledge to help overly indebted EU nations. What's behind Japan's move? Sure, the spirit of global cooperation is part of it. But much more significant is Tokyo's need to keep pace with Beijing in the influence game.

Sweden's Central Bank Is Fighting the Next Bubble

While most of the world's central banks are still fighting the last war, Sweden's Riksbank has moved on to the next one. Rather than looking at conventional inflation gauges, the world's oldest central bank is basing its actions on asset-price growth in an effort to prevent the next bubble.

Buzzword of the Week: Open Kimono

As political correctness gets ever more pervasive, business jargon is one of the last bastions of old-fashioned, rough and tumble crudity. Little surprise, then, that boardroom buzzwords sometimes veer into racism, sexism, or -- in the case of "open kimono" -- a combination of the two.

Authorities Probe Insider Trading at Wal-Mart's Japan Unit: Report

Authorities in Japan will investigate allegations of insider trading involving Seiyu, the Japanese unit of Wal-Mart Stores (WMT). The country%u2019s Securities and Exchange Surveillance Commission and Tokyo district prosecutors will pursue an insider trading case against the husband of a former member of the Seiyu board, Dow Jones said, citing a report in the Japanese media.

Asian Markets Close Lower on Fears of Chinese Tightening Measures

Shares in Asia slid lower Friday as investors reacted to Chinese government moves to tighten credit and clamp down on inflation. In Hong Kong, the Hang Seng Index fell 0.8% to 22,877, and in China, the Shanghai Composite sank 0.9% to 2,872. Japan's Nikkei 225 Index edged down 0.4% to 10,040.

China Could Be the Big Winner Amid Korean Tensions

North Korea has rattled global markets again with hostile acts toward Korea. As analysts struggle to determine the best course of engagement, China stands to gain in increased influence in the Asian economy.

Asics to Offer Cheaper Shoes in Bid to Boost Sales

Asics Corp. (ASCCF) plans to start selling cheaper shoes in a bid to boost its sales. Asics will start selling shoes with a recommended retail price of about $60. Previously, it sold running shoes priced between $75 and $125, leaving the lower end of the market to companies including Nike (NKE).

Nissan Leaf Will Get Equivalent of 99 Miles Per Gallon

Nissan%u2019s (NSANY) Leaf electric car will get the equivalent of 99 miles per gallon, making it the most fuel-efficient midsize car on the road. The Leaf does not use gasoline, so the EPA created an "mpg-equivalent" rating for its fuel efficiency, CNNMoney said.

Panasonic to Sell Smartphones Starting 2011

Panasonic Corp. (PC) will begin selling its own smartphone in Japan in 2011 and overseas in 2012. The new phone will use the Google (GOOG) Android operating system, Reuters reported.

Skymark Airlines May Buy 15 A380s for International Flights

Japanese low-cost airline Skymark may buy as many as 15 Airbus A380s as it expands into international flights. The planes would be delivered starting 2014 and would initially fly to destinations including London, Frankfurt and New York, Bloomberg News reported. Skymark has already signed a memorandum of understanding with Airbus to buy four A380s.