Latest news with #Japans
Business Standard
3 days ago
- Business
- Business Standard
Yen slips as Japan's Q1 growth stalls, US dollar gains
The Japanese yen weakened near 144.91 per dollar on Tuesday after revised data showed Japans economy flatlined in Q1, improving from an earlier 0.2 percent contraction but slowing sharply from Q4s 0.6 percent growth. Bank of Japan Governor Kazuo Ueda told parliament that the central bank is ready to raise interest rates again if inflation stabilizes near 2 percent. Meanwhile, the US dollar strengthened on growing optimism around US-China trade talks, which reduced safe-haven demand. Officials met in London to discuss rare earth shipments and easing of export curbs, with further talks expected on Tuesday.
Business Standard
16-05-2025
- Business
- Business Standard
Japanese equities see flat moves
Japanese stock market saw flat moves amid tepid economic cues today. The trade fuelled rally gave up and Asian indices turned lower too. The benchmark Nikkei 225 index ended flat after hitting three-month high earlier this week. Some upside was seen in sectors like in the Real Estate, and Banking but overall, it was a tepid outing for Japanese stocks. Japans economy contracted 0.2% quarter-on-quarter in Q1 2025, reversing a 0.6% gain in Q4. On an annualized basis, GDP fell 0.7%, marking the first yearly fall in a year. Net trade was the biggest drag, subtracting 0.8 percentage points, as exports fell 0.6% and imports jumped 2.9%. Private consumption, which makes up over half of the economy, was flat, while government spending also stagnated after three consecutive quarters of growth. Japan's industrial production rose 0.2% in March 2025. This marked a softening after a 2.3% gain in February. On a yearly basis, output increased 1.0%, the third consecutive annual rise.
