Japan government: Nikkei plunge temporary, won’t derail Abenomics
TOKYO (Reuters) – The biggest plunge in Japanese stock prices since a 2011 earthquake and tsunami was a temporary pullback that will not derail the government’s “Abenomics” policy of loose money and fiscal stimulus, officials said on Thursday.
“It’s a temporary adjustment after the rapid gains seen recently,” Yasutoshi Nishimura, senior vice-minister of the Cabinet Office, told Reuters.
Japan govt: Nikkei plunge temporary, won’t derail Abenomics
TOKYO, May 23 (Reuters) – The biggest plunge in Japanese
stock prices since a 2011 earthquake and tsunami was a
temporary pullback that will not derail the government’s
“Abenomics” policy of loose money and fiscal stimulus, officials
said on Thursday.
“It’s a temporary adjustment after the rapid gains seen
recently,” Yasutoshi Nishimura, senior vice-minister of the
Cabinet Office, told Reuters.
Japan exports disappoint, full benefits of weak yen yet to show
TOKYO, May 22 (Reuters) – Japan’s exports rose less than
expected in April from a year earlier due to weak demand from
Europe and China, highlighting the challenges confronting the
world’s third-biggest economy as policymakers try to engineer a
sustained revival.
The 3.8 percent annual increase in exports in April was
below the median estimate for a 5.9 percent rise and followed a
1.1 percent increase in the year to March.
Japan April exports seen up but trade deficit to persist
TOKYO (Reuters) – Japan’s exports are expected to have risen in April from a year earlier for a second straight month led by U.S.-bound shipments of cars and Asian demand for electronics parts in a sign a weak yen and global recovery are helping the export-reliant economy.
However, the Ministry of Finance (MOF) data due on Wednesday is also likely to highlight the costs associated with a weak currency, with the country expected to log its 10th straight month of trade deficits in April, as a higher import bill offsets export gains.
Exclusive: Japan Inc. averse to further yen drop, poll finds
TOKYO (Reuters) – Signs are that most firms in export-driven Japan Inc, having got the weaker yen they craved, now want the currency to either stabilize or recover ground, rather than continue a slide that will increasingly raise their costs.
About half the Japanese companies in a new Reuters survey say the yen has fallen enough, just 15 percent want a further yen decline and more than one-third would in fact like to see the currency rebound from its 4-1/2-year lows.
Japan upgrades economic outlook as Abe’s policies take hold
TOKYO (Reuters) – The Japanese government upgraded its assessment of the economy on Monday, as emerging signs of an upturn in exports and factory output added to growing evidence that Prime Minister Shinzo Abe’s aggressive polices are beginning to reignite growth.
The world’s third-biggest economy is gradually recovering, according to the government’s monthly report released by the Cabinet Office.
Japan’s Q1 growth spurt shows early benefits of Abe’s policy gamble
TOKYO, May 16 (Reuters) – Japan’s economy expanded at a
rapid clip at the start of the year, the first hard evidence
that Prime Minister Shinzo Abe’s sweeping stimulus is beginning
to rouse consumers and businesses into action even as risks
loomed in the horizon.
Corporate investment, seen as an essential ingredient of a
sustained recovery, fell for the fifth consecutive quarter
though analysts expect improved business sentiment will
eventually translate into more spending.
Japan’s first-quarter growth beats forecasts as first stimulus effects felt
TOKYO (Reuters) – Japan’s economy grew faster than expected in January-March, expanding at its quickest pace in a year on the back of solid private consumption and a rise in exports spurred by Prime Minister Shinzo Abe’s aggressive monetary and fiscal stimulus.
Thursday’s Cabinet office data showed, however, that corporate investment has yet to follow to ensure a sustained economic upturn.
Japan’s Q1 growth beats forecasts as first stimulus effects felt
TOKYO, May 16 (Reuters) – Japan’s economy grew faster than
expected in January-March, expanding at its quickest pace in a
year on the back of solid private consumption and a rise in
exports spurred by Prime Minister Shinzo Abe’s aggressive
monetary and fiscal stimulus.
Thursday’s Cabinet office data showed, however, that
corporate investment has yet to follow to ensure a sustained
economic upturn.
Japan first-quarter growth pickup to show early stimulus effects
TOKYO (Reuters) – Japan’s economy is expected to have grown in January-March at its fastest pace in a year due to solid private consumption and a recovery in capital investment encouraged by Prime Minister Shinzo Abe’s recipe of aggressive monetary and fiscal stimulus.
The median forecast was for a 0.7 percent rise in gross domestic product from the previous quarter, a Reuters poll of 24 analysts showed. That would translate into an annualized growth of 2.8 percent after a slight increase in October-December, trumping 2.5 percent U.S. growth in the same quarter.
