April sees Japan trade deficit jump to 879.9bn yen

TOKYO - Japan's trade deficit rose substantially more than expected in the month April to 879.9 billion yen ($8.6 billion), which is a 70% jump over the trade deficit during the corresponding month a year earlier, the Finance Ministry said Wednesday.. The deficit, for the tenth consecutive month, was wider than what many economists had forecast. A survey from the Nikkei business daily ...

Japanese economy has begun to recover central bank

Japan's central bank said Wednesday that it will continue pursuing its current stimulus program and that the country's economy "has begun to recover" thanks to a reversal in the decline of exports, which account for 40 percent of Japanese GDP. "Domestic demand remains resilient due to the effects of the monetary relaxation measures" and the recently-approved stimulus policies, the Bank of Japan ...

UN agency to open nuclear emergency preparedness centre in Fukushima

22 May 2013 150 Experts from the United Nations International Atomic Energy Agency (IAEA) are heading to Japan to launch an emergency preparedness and response centre in Fukushima, the coastal city devastated two years ago when a massive earthquake and tsunami set off meltdowns at a nuclear power plant. The IAEA, supported by the Government of Japan, will designate a new Response and ...

Tokyo market plummets more than 7 dragging down global stocks

A woman walks past an electronic board displaying a graph showing the dramatic downturn of Japan's Nikkei average outside a brokerage in Tokyo, May 23, 2013. (Toru ...

Japans Nikkei index slumps over 7

Japanese stocks plummeted today after a spike in government bond yields and unexpectedly weak Chinese manufacturing spooked investors sitting on top of months of massive gains in share prices. The Nikkei 225 in Tokyo slumped by 7.3% to close at 14,483.98, its worst drop since the 2011 tsunami. Japan's 10-year government bond yield rose above 1% for the first time in a year, unnerving ...