Japan's factory output fell 9.1% in April, government data showed on Friday, compared with a median market forecast for a 5.1% drop. Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect output to shrink 4.1% in May and rise 3.9% in June, the data showed. For the poll story click.
Core consumer prices in Tokyo rose 0.2% in May from a year earlier, government data showed on Friday. The core consumer price index for Japan’s capital, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 0.2% annual fall.
Global auto sales for Japanese carmakers halved in April as the coronavirus pandemic forced governments to impose lockdowns that left streets empty and showrooms deserted. Japan's top eight automakers together posted a decline of 50.1% in April sales, according to a Reuters calculation.
* Asian stock markets: https://tmsnrt.rs/2zpUAr4. * Hong Kong leads regional shares lower. * Japan, Australia shares, European futures defy gloom. * Traders worry about Sino-U.S. tension. By Stanley White and Koh Gui Qing.
* Asian stock markets: https://tmsnrt.rs/2zpUAr4. * Shares gain in Australian and Japan. * Investors bet on economic recovery. * Hong Kong remains a risk. By Stanley White and Koh Gui Qing.
Longer-dated Japanese government bond prices edged higher on Wednesday as investors awaited details of a new $1.1 trillion stimulus package to cushion the economic blow from the COVID-19 pandemic. To fund the costs, an additional government bond of 31.9 trillion yen will be issued under the secondary supplement budget this fiscal year, a draft obtained by Reuters showed on Wednesday.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
