Treasuries rose, sending yields down from a two-week high, while gold retreated for a fifth day. The yen weakened against major trading partners and Japan’s benchmark stock index fluctuated after the nation’s trade deficit widened more than economists forecast.
Prime Minister Shinzo Abe sent an offering to the Yasukuni Shrine in Tokyo, following the visits this month of two cabinet ministers to the site that honors Japan’s war dead, including World War II criminals.
South Korean President Park Geun Hye said the actions of the crew on a ferry that sank last week were “like murder” and called for a thorough investigation of the incident that left more than 300 dead or missing.
Japan’s weakest export growth in a year spurred a wider-than-forecast trade deficit in March, adding to challenges for Prime Minister Shinzo Abe in steering the economy through the aftermath of an April 1 sales-tax rise.
Asian dollar bonds are expected to perform better than local debt for a fourth year as a recovering U.S. economy boosts the greenback against emerging-market currencies, Manulife Asset Management says.
Anheuser-Busch InBev NV’s $5.8 billion purchase of Oriental Brewery Co. has vaulted Deutsche Bank AG to the top of South Korea’s merger league table, putting the firm on course for a record advisory year in the country.