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.
A Shanghai court ordered the seizure of a Japanese iron ore carrier from Mitsui OSK Lines Ltd. as compensation for the loss of two ships leased from a Chinese company before the two countries went to war.
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.