Japan sees account surplus shrink
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Japan sees an unexpected drop in its current account surplus, but exports continue to drive growth, figures say.
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JapanÂs economy grew at a slower pace than previously reported in the most recent quarter, a sign that a long expansion may be losing steam.
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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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The U.S. current account deficit  shrank in the fourth quarter of 2006 to its smallest in more  than a year as lower oil prices took a bite out of imports and  U.S. exports continued to rise, a Commerce Department report  showed on Wednesday.
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Japanese stocks are expected to slip in early 2005 on a slowdown in the world's second-largest economy but should rebound later in the year in tandem with expected stronger growth, analysts said.
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China's multibillion-dollar trade surplus narrowed in December for a second straight month, suggesting measures meant to slow its rapid growth might be taking effect, according to government data released Friday.
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The U.S. current account deficit shrank more than expected in the fourth quarter of 2006 to $195.8 billion, as lower oil prices took a bite out of imports and U.S. exports continued to rise, a Commerce Department report showed on Wednesday.
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Japan downgraded its economic assessment for the first time in more than a year on Tuesday, noting slower export growth and curbed production, but said the recovery is continuing.
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The U.S. current account deficit  shrank more than expected in the fourth quarter of 2006 to  $195.8 billion, as lower oil prices took a bite out of imports  and U.S. exports continued to rise, a Commerce Department  report showed on Wednesday.
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Japan's trade surplus shrank by more than expected in October after energy imports rose, official data shows.
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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.
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Slow growth in Japanese bank loans has ignited concerns that the world's second- biggest economy may head into a recession.
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Japan's economy is slowing due to weakness in housing investment and cautious corporate sentiment, the central bank chief said Thursday, hours after the bank left its benchmark interest rate at 0.5 percent.
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Slow growth in Japanese bank adds to concerns the world's second-biggest economy may head into a recession.
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Confidence among Japanâs big manufacturers deteriorated for the first time in seven quarters, although their capital spending plans were revised higher, the Bank of Japanâs âtankanâ survey for December showed on Wednesday.
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Rising yen indicates carry trade may no longer be supporting prices.
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The head of Japan's central bank acknowledged Monday that the pace of economic recovery here may be slowing, but said the downturn is only temporary.