Improved business sentiment as Japanese yen hits pass 110

Business sentiment in Japan improved in the three months to September, the Bank of Japan’s Tankan survey showed on Wednesday. The headline index for big manufacturers’ sentiment rose to plus 13, above expectations of plus 10 in a Reuters poll and up from plus 12 in the previous quarter. “The big manufacturers index is actually […]

Japan Is Going In The Right Direction

The Japanese economy continues to be improving nicely. The latest quarterly “Tankan” survey — which measures the state of the economy via surveys of various businesses large and small — is out and it shows that business sentiment is at a 6-year high, surpassing levels right before the Great Financial Crisis. Abenomics continues to look […]

China auto sales accelerate in December

BEIJING (AP) — China’s auto sales rose 7.1 percent in 2012 after growth accelerated in December as an economic recovery began to gain traction, an industry group reported Friday. Sales in the world’s biggest market by number of vehicles sold totaled 15.5 million units, the China Association of Auto Manufacturers said. December sales rose 6.9 […]

2013 will be “a year of growth”.

YOKOHAMA, Japan–Nissan Motor Co. (7201.TO) chief executive Carlos Ghosn expects 2013 to be “a year of growth,” with the auto industry seeing a steady increase in global demand driven by the U.S. and emerging countries. While expressing optimism, Mr. Ghosn warned about uncertainties over the fate of debate on U.S. fiscal policy and persistent dour […]

Nissan profits jump as global sales hit record high

For the full year ending in March 2012, Nissan reported net income of 341.4bn yen, a 7% rise on the previous year. Nissan, Japan’s second-biggest carmaker, outperformed rivals Toyota and Honda, both of which reported falling profits. Japanese carmakers have had to deal with many challenges in the past 12 months, including disruption to production […]