The Japanese economy shrank at an annual rate of 1.8 per cent in the first quarter of this year, slightly better than the initial estimate at a 2.0 per cent.
(Bloomberg) Voting at shareholder meetings in Japan may become more consequential if the decision by Japanese megabanks to divest their strategic holdings in Toyota Motor Corp. triggers a broader unwinding of cross-held shares among the country’s biggest companies.Most Read from BloombergReal Estate Investors Are Wiped Out in Bets Fueled by Wall Street LoansHere’s Everything Apple Plans to Show at Its AI-Focused WWDC EventPutin’s Wartime Central Banker Tells Him What He Doesn’t Want to HearBe
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