Toyota may build another factory in Mexico to produce small cars as the world’s largest automaker shifts more capacity outside Japan to remain competitive. The yen’s strength on world markets is said to be prompting the move.
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Japan’s ruling Democratic Party proposed yet another economic stimulus package, this one for more than $58 billion, sending the Nikkei climbing 1.8%. Hong Kong’s Hang Seng Index rose 1.1%, while markets in China remained closed…
Japanese stocks rallied Tuesday after the Bank of Japan announced it would slash its benchmark interest rate to near zero in an effort to revive its sluggish economy.
Continue reading Nikkei Rises and Yen Falls…
In Asia Monday Hong Kong’s Hang Seng Index rose 1.2%, boosted by huge property sales over the holiday weekend. Meanwhile, Japan’s Nikkei 225 Index inched down 0.2%. Markets in China were closed following National Day celebratio…
In Asia Friday Japan’s Nikkei 225 Index inched up 0.4% to 9,404. Markets in Hong Kong and Shanghai were closed for National Day celebrations.
Continue reading Japanese Unemployment Down, Nikkei Inches Up
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