UPDATE 1-Japan export growth dips, outlook uncertain as China, U.S. economies slow TOKYO, May 25- Japan's exports rose in April from a year earlier led by U.S.-bound shipments of cars, but the monthly pace of growth slowed from March- a worrying portent for external demand as a slowdown in the economies of China and the U.S. clouds the outlook. "The figures were not so bad as we thought but shipments to China and Asia turned out weak, which is worrying...
| By: Tetsushi Kajimoto
Japan's April exports climb 8% on-year Japan's April exports climbed 8.0 percent from a year earlier, data showed on Monday, topping expectations for a 6.4 percent rise and underscoring a gradual recovery in external demand. The data come just days after the International Monetary Fund warned the Bank of Japan that the central bank's forecasts for hitting its 2 percent inflation target are likely "...
| By: CNBC.com staff
FOREX-Dollar hovers at 2-month high vs yen after CPI boost TOKYO, May 25- The dollar hovered at a two-month high versus the yen and stood firm against other peers after surging on a higher-than-expected U.S. core consumer price index that supported the Federal Reserve's case for a rate hike later this year. It was the largest rise in the core CPI since January 2013 and followed a 0.2 percent gain in March.
| By: Shinichi Saoshiro
GLOBAL MARKETS-Asian shares edge down on U.S. rate hike bets TOKYO, May 25- Asian shares got off to a lackluster start on Monday, after rising inflation and a hawkish tone from the U.S. Activity was likely to be thin this session, as UK and U.S. markets are shut on Monday for the Spring Bank Holiday and Memorial Day respectively. MSCI's broadest index of Asia-Pacific shares outside Japan was down about 0.1 percent in early trade.
Japan trade gap narrows, but returns to deficit in April TOKYO- Japan's trade balance reverted to a deficit in April but narrowed sharply from the previous year as the plunge in oil prices cut fuel import costs. Strong demand for machinery and cars pushed exports to the U.S., Japan's biggest market, up 21 percent from a year earlier to 1.36 trillion yen. Japan's exports to China edged up 2.4 percent, to 1.21 trillion yen, a...
Source: The Associated Press
Data deluge puts Japan in spotlight this week Japan should remain the key focus for Asian markets in the week ahead as investors look to a slew of data on tap to confirm that the economic giant is poised for a comeback.
| By: See Kit Tang
Alibaba fosters local brands to fight fakes Criticized and even sued by luxury brand Gucci and others for facilitating the counterfeit goods trade, Chinese e-commerce giant Alibaba Group Holding has been quietly piloting a plan to try to curb fakes at source.
What CES Asia will be focusing on Chua Soon Ghee, managing director for Southeast Asia at A.T. Kearney, outlines the trends that attracted the Consumer Electronics Association to launch its inaugural event in Asia.