News

Sales of Nintendo’s Wii U console have been weaker than expected, leading to slashed profits

Japan trade gap leaps as weak yen hits imports

Japan registered its worst ever monthly trade deficit in January courtesy of a jump in energy import prices which were driven up by a tumbling yen.

Japan splits on economy hold up new bank chief

Political splits over Japan’s hyper-aggressive plans to jump-start its struggling economy have delayed the appointment of its top central banker, it emerged today.

Pound takes another hit on German resurgence

Sterling is battered once again amid warnings of a large-scale devaluation

G20 tension builds over Japan’s efforts to drive down yen

Global finance ministers braced for more skirmishes today in a week of simmering tension over “currency wars” as the G20 gathered in Moscow.

Toyota boosts profits outlook thanks to US sales and weak yen

The world's biggest-selling car maker Toyota has kicked its profit forecast up a gear on the back of strong sales in the United States and the weak yen.

Bluefin tuna sells for record £1m in Tokyo

A bluefin tuna sold for a record £1m million at a Tokyo auction today, nearly three times the previous high set last year — even as environmentalists warn that stocks of the majestic, speedy fish are being depleted worldwide amid strong demand for sushi.

Markets rise in Japan to greet new premier

Shares in Japan jumped today on hopes for the world's third-largest economy as Shinzo Abe was voted in as the new Prime Minister.

Toyota's quarterly profit triples - driven by recovery from disaster

Toyota's quarterly profit tripled, driven by a recovery from natural disasters, and the company raised its full-year earnings forecast despite a sales slump in China.

Japan's first 'Cuddle Cafe' opens, only £24 to sleep with a girl

Japan’s first "co-sleeping specialty shop", coined the "cuddle cafe", opened last week, giving customers the chance to rest their weary eyes with a snuggle.

Japanese car giant Honda quadruples profits

Japanese car giant Honda said April-June profits quadrupled to 131.7 billion yen (£1.07 billion) as it bounced back from last year's natural disasters.

£10m payout for Olympus boss sacked for whistleblowing

The former Olympus boss fired after blowing the whistle on an accounting scandal will receive a £10 million payout, it was confirmed today.

US and euro slump sends markets into global spin

World markets were badly hit yesterday as the fallout from poor US economic data, warnings over the future of the Euro and fears of a global recession spooked investors.

Sony share price down to pre-1980 levels

Sony's stock price has fallen below the 1,000 yen barrier (£8.30) for the first time since 1980 in a symptom of its decline since it found huge success with the Walkman three decades ago.

Panasonic losses spiral to £3.4bn

Panasonic's January-March losses ballooned 10-fold to 438 billion yen (£3.4 billion), completing a year of record red ink at the Japanese electronics maker battered by natural disasters and an ailing TV business.

Sony forecasts doubled annual losses

Sony has more than doubled its projected annual losses to 520 billion yen (£4.02 billion) - its worst ever - due to a massive tax charge.

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