Japan News
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Japan’s economy grew less than the government’s initial estimate last quarter as companies reduced investment on concern overseas demand was stalling.
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Olympus Corp.’s accounting scandal has proven a boon for Japan’s alternative share markets, who went on processing transactions in the stock even as the Tokyo Stock Exchange halted trades to slow the company’s plunge.
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Japanese securities watchdogs are seeking to punish Citigroup Inc. for attempted manipulation of the Tokyo interbank offered rate, the Nikkei newspaper reported, citing unidentified sources.
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Japanese stocks fell, sending the Nikkei 225 Stock Average toward its biggest drop in two weeks, after the European Central Bank damped speculation it would step up debt purchases and Japan revised down its third-quarter economic growth estimate.
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