Nikkei at 2-week closing low; logs 2nd straight quarterly loss
News On Japan via Economic Times -- Sep 28
Japan's Nikkei average hit a two-week closing low on Friday as concerns about falling revenues for Japanese companies in China outweighed optimism over Spain's new economic reform plans and a tough budget focused on spending cuts.
A territorial spat between Asia's two biggest economies has led to rising anti-Japanese sentiment in China, which has forced some Japanese firms to halt production there, adding to concern of a sharp slowdown in China.
Data showed on Friday that sagging sales in China, Japan's biggest export market, and the confidence-sapping euro zone crisis hurt Japan's August industrial output, which fell to a 15-month low and fuelled concerns that the country could slip into recession later this year.
The Nikkei ended down 0.9 percent at 8,870.16, with losses widening in the afternoon as traders said stop-loss selling had been triggered after Nikkei futures broke below 8,900.
The Nikkei China 50 index, made up of Japanese firms with heavy exposure to the world's second-largest economy, shed 1.3 percent.
|| Japan's child kidnapping problem |
| || Dozens of American children are abducted to Japan every year-not by strangers, but by parents after messy divorces. (thedailybeast.com ) |
|| China cracks down on over-the-top anti-Japan dramas |
| || China's television regulator has ordered a crackdown on dramas about the country's battles with Japan during and before World War Two and demanded they be more serious, state media said on Friday, following viewer complaints about ludicrous storylines. (Reuters ) |
|| Man kills 3 family members, then himself |
| || Police said Friday they have found four dead bodies in an apartment in Kashiwa, Chiba Prefecture, in what is believed to have been a family murder-suicide. (Japan Today ) |
|| Chinese tourists a bane for Japanese hookers |
| || Shukan Post (May 24) conveys the difficulties experienced by other parts of the adult-entertainment biz in servicing customers from the communist nation.
A deri heru (“delivery health”) call-girl tells the tabloid that she is often requested to arrive at major hotels in the Shinjuku and Ikebukuro entertainment areas of Tokyo by Chinese visitors. (Tokyo Reporter) |
|| 6 dead in freighter fire at Wakkanai |
| || Six sailors were found dead after a fire on a foreign freighter docked at a port in Hokkaido, northern Japan.
The sailors are presumed to be Russians. (NHK ) |