Japan News
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Asian stocks fell for a fourth week, with the regional benchmark index posting its longest streak of weekly losses in six months, on signs China’s economic slowdown is deepening and on concern Europe’s debt crisis will worsen
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Renesas Electronics Corp., the world’s biggest maker of automotive microcontrollers, plans to raise 100 billion yen ($1.3 billion) of capital and eliminate more than 10,000 jobs, according to the latest draft of a restructuring plan, a person briefed on the matter said.
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The euro had its biggest weekly loss since December against the dollar as Greece’s anti-bailout party gained in the polls and amid a deepening crisis in Spain.
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Japan’s consumer prices rose 0.2 percent in April from a year earlier, the third monthly increase, showing the Bank of Japan remains distant from a 1 percent inflation target after years of falling prices.
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