Itochu Corp., Japan’s third-largest trading house, plans to retain its stake in a Brazilian iron-ore venture with Cia. Siderurgica Nacional SA after a failed expansion plan led partners to renegotiate terms.
Asian stocks fell, with the regional benchmark retreating a fourth day, before a speech by Bank of Japan Governor Haruhiko Kuroda and monetary policy reviews from the U.S. to Europe this week. The yen held gains versus the dollar, while most metals and natural gas declined.
Asian stocks outside Japan rose as Chinese property developers and resources companies climbed. Japanese shares fell after economic growth in the world’s third- largest economy slowed more than forecast.
Japanese stocks slid, with the Topix Index falling for the first time in three days, after the euro-area economy contracted in the second quarter. Declines were limited as U.S. retail sales rose more than estimated.
Asian stocks rose for a fourth day, with Japanese shares gaining as the yen weakened after a report Prime Minister Shinzo Abe is considering a corporate-tax cut and data showed machinery orders beat estimates.