Liberal Democratic Party News
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Japan’s Topix Index extended a 4 1/2- year high, as Sojitz Corp. jumped and Sony Corp. rose to its highest in more than two years. Shares held gains after the Bank of Japan upgraded its economic assessment while keeping policy unchanged.
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Voters in the Philippines appear to have delivered a resounding victory to President Benigno Aquino in midterm elections. The son of former President Corazon Aquino looks set to control both houses of Congress, giving him a mandate to continue his reform policies. His biggest worry now is making them stick.
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Japan’s economy expanded the most in a year last quarter as consumer spending and export gains outweighed the weakest business investment since the wake of the March 2011 earthquake and tsunami.
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The yen weakened beyond 100 per dollar for the first time in four years as the Bank of Japan’s deflation-fighting measures have the currency headed for its longest streak of monthly losses in almost two decades.
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The yen weakened beyond 100 per dollar for the first time in four years as the Bank of Japan’s deflation-fighting measures have the currency headed for its longest streak of monthly losses in almost two decades.
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Prime Minister Shinzo Abe’s drive to revise Japan’s pacifist constitution for the first time risks alienating voters who support his economic agenda and dividing his coalition government before July elections.
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Tokyo Steel Manufacturing Co., Japan’s biggest producer of steel from scrap iron, expects to see an improvement in business in the second half this fiscal year prompted by Abenomics, the economic-stimulus policies introduced by Prime Minister Shinzo Abe.
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Investment banks are among the first and biggest beneficiaries of Japan’s new economic-stimulus policies, known as Abenomics.
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The last time Masao Namiki bought machinery for his company, Emperor Hirohito had just died, Japanese investors took the Rockefeller Center as a trophy, and a new central bank chief was about to prick the bubble economy. It was 1989.
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South Korean Foreign Minister Yun Byung Se canceled a trip to Tokyo after Japanese Finance Minister Taro Aso and other Cabinet members visited a shrine seen in Asia as a symbol of wartime aggression.
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