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Japan’s economic growth rate revised down
Japan’s economy grew by less than first estimated in the final quarter of 2009, revised figures have shown.
The Cabinet Office said the economy expanded by 0.9% between October and December of last year, down from its initial estimate of 1.1%.
The figures showed domestic spending was less than first calculated, as was investment and stockpiling by firms.
On an annualised basis, economic growth was 3.8% in the quarter, down from the initial estimate of 4.6%.
The downward revision in economic growth is likely to increase pressure on …
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Daihatsu to recall 275,000 cars in Japan
Carmaker Daihatsu is recalling 274,551 vehicles in Japan because of a number of possible defects.
The company, a subsidiary of Toyota, said the recall affected its Hijet and Atrai mini-van models.
Daihatsu said the recall centred on a missing or loose suspension bolt, while other issues included the risk of loose fuel hoses or defective brake lights.
Toyota, which has a 51% stake in Daihatsu, is continuing to recall 8.5 million of its cars around the world.
These recalls centre on problems with accelerator pedals sticking, and weak …
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China rejects Barack Obama’s call to change yuan policy
China has hit back at comments by US President Barack Obama that Beijing should change its currency strategy.
On Thursday, he urged China to adopt a “market-oriented” exchange rate policy, increasing the pressure on Beijing to allow the yuan to appreciate.
But Su Ning, vice governor of the People’s Bank of China, accused Mr Obama of “politicising” the yuan issue.
According to news reports from Beijing, Mr Ning said that Mr Obama wants China to solve America’s problems.
“We don’t agree with politicising the renminbi exchange rate …
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Japan’s economic growth rate revised down
Japan’s economy grew by less than first estimated in the final quarter of 2009, revised figures have shown.
The Cabinet Office …
Daihatsu to recall 275,000 cars in Japan
Carmaker Daihatsu is recalling 274,551 vehicles in Japan because of a number of possible defects.
The company, a subsidiary of Toyota, …
China rejects Barack Obama’s call to change yuan policy
China has hit back at comments by US President Barack Obama that Beijing should change its currency strategy.
On Thursday, he …
Taiwan justice minister resigns over death penalty
Taiwan’s justice minister has resigned after failing to win support for her opposition to the death penalty.
Wang Ching-feng had said …
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