Japan s biggest refiner, Eneos
Corp, on Wednesday named executive vice president
Tomohide Miyata as its new chief executive, effective April 1,
replacing President Takeshi Saito, who was dismissed in.
Japan's factory activity extended declines and service sector growth eased in February, surveys showed on Thursday, suggesting business conditions were worsening as the economy struggles to emerge from recession. The flash au Jibun Bank Japan manufacturing purchasing managers' index (PMI) fell to 47.2 in February from 48.0 in January. "The Japanese private sector economy saw the slight improvement at the start of the year all but evaporate during February, as business activity broadly stagnated," said Usamah Bhatti at S&P Global Market Intelligence.
TOKYO (Reuters) - Japan's factory activity extended declines and service sector growth eased in February, surveys showed on Thursday, suggesting business conditions were worsening as the economy struggles to emerge from recession. The flash au Jibu.
TOKYO (Reuters) - Japan's factory activity extended declines and service sector growth eased in February, surveys showed on Thursday, suggesting business conditions were worsening as the economy struggles to emerge from recession. The flash au Jibu.
Japan's government downgraded its view on the economy in February for the first time in three months on sluggish consumer spending, suggesting a bumpy path out of a recession in the face of slow wage recovery and lackluster industrial output. The government also slashed its assessment on consumer spending for the first time in two years, saying a pickup seems to be "stalling", underlining the challenge for the Bank of Japan as it looks to exit its ultra-easy policy this year. The downbeat assessment comes after data last week showed Japan's economy unexpectedly slipped into recession in the fourth quarter on weak domestic demand, losing its position as the world's third-largest economy to Germany.