Japanese Prime Minister Yoshihiko Noda faced new challenges to his leadership as a member of the ruling group rejected his plan for a sales-tax boost and opposition widened to his nominee for the central bank board.
Employers in the U.S. took on more workers in March than a month earlier and the jobless rate fell, indicating companies were confident sales will rebound from a weather-related setback, according to economists.
Japan’s industrial production grew the most since 2011, indicating the economy is strengthening as a looming sales-tax bump stimulates demand, while inflation matched the highest level in more than five years.
The Kobe earthquake in 1995 sparked a 20 percent yen surge in three months. After the latest disaster, world leaders are uniting to ensure a stronger currency doesn’t derail efforts to rebuild the economy as Japanese officials flood the financial system with cash.