When car maker Mazda sneezes, everyone catches a cold, say people in its hometown of Hiroshima in western Japan, but these days, auto parts maker Yuji Yamaguchi fears a deep chill is on the way.
Malaysia’s exports unexpectedly shrank in June amid a sharp decline in shipments of oil and gas products as well as lower deliveries to China, official data on Friday showed.
Malaysia’s economy expanded at a faster-than-expected clip in the second quarter from a year earlier, thanks to resilient consumer demand offsetting weaker exports, official flash estimates showed.
Japan's core inflation slowed in June but stayed above the central bank's 2% target for well over three years, highlighting lingering price pressures that back market expectations for further interest rate rises.
The number of Americans filing new applications for jobless benefits fell last week, pointing to steady job growth in July, though some laid off workers are experiencing long spells of unemployment because of a moderation in hiring.
Japan told Group of 20 (G20) countries that tariffs aren’t the right way to fix imbalances, and that countries facing such situations need to address them through domestic efforts, according to Finance Minister Katsunobu Kato.