Japan hit by drop in car output
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Japan's industrial output slipped unexpectedly in April, hit by falling car sales, official figures show.
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Japanese stocks dropped, with benchmarks poised for their biggest slides in six months. Exporters such as Toyota Motor Corp. led decline after the dollar plunged to its lowest against
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Toyota Motor Corp., the world&#39;s second- largest carmaker, had an unexpected drop in quarterly profit as investment earnings at its truck making unit fell and a stronger yen cut the value of overseas sales.
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Science & environment: Mixed messages at Motown as Japan heralds leaner era while US carmakers seek to bulk up bottom line
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Japan&#39;s central bank offered a bleaker assessment of the country&#39;s economy Friday for the first time in more than a year and a half, citing weaker industrial production and slowing export growth.
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Japan's Nikkei average fell around 0.8  percent by mid-afternoon on Tuesday after industrial output  data sapped investor appetite for tech issues and profit-taking  hit recent gainers such as Nippon Steel Corp.
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Japan is trying to take the lead on climate change at this week's G-8 summit, but the world's second-largest economy is falling behind on its existing obligations to cut greenhouse gas emissions.
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Japan's industrial production falls and unemployment rises, providing more evidence of a slowdown in the world's second largest economy.
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The Japanese economy was in recession for most of 2004 as official figures show three successive quarters of negative growth, upsetting forecasts as slower exports and consumption hit output.
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Japan's Nikkei average closed 0.72  percent lower on Tuesday after weak industrial output data  sapped investor appetite for technology issues, but declines  were limited as the dollar firmed against the yen for a second  day.
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TOKYO : Japanese industrial output rose only 0.3 percent in August, suggesting after a series of recent weak data that the recovery in the world&#39;s second-largest economy is slowing, economists said on Thursday.
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The Nikkei average fell 0.37 percent on   Tuesday, retreating from a three-month high a day earlier as   investors took profits on Honda Motor Co. 7267.T and other   blue-chip exporters on a stronger yen.
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The Japanese government downgraded its  view on the economy slightly on Tuesday, citing weaker exports  and output, but it said a recovery was continuing due to steady  domestic demand, in terms of both personal consumption and  capital spending.  "The economy continues to recover, while  some weak movements have been seen recently," the government  said in its monthly economic report.
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Japanese firms' spending on equipment slows from July to September, raising fears of a dent in economic growth.
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Japan's economy grows just 0.1% in the third quarter, hit by faltering exports and a slowdown in corporate investment.
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TOKYO, Japan -- Japanese stocks are lower at midday Tuesday after Wall Street declined. Techs, banks and carmakers are in the red.
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Business sentiment among big Japanese  manufacturers has sunk to a two-year low, a Bank of Japan  survey showed on Friday, reinforcing expectations that any rise  in interest rates will be delayed to late next year.