Cnn business news 25 may 2019 in japan
Here are the top business news stories from CNN Business on May 25, 2019, related to Japan:
- Japan's economy contracts for first time in a year: Japan's economy shrank by 0.2% in the first quarter, marking the first contraction in a year, according to data released by the Ministry of Finance. The decline was attributed to a decline in exports and a slowdown in consumer spending. (Source: CNN Business)
- Toyota and Subaru to develop electric SUV: Toyota and Subaru announced a partnership to develop an electric SUV, which is expected to be launched in 2021. The new model will be built on a shared platform and will feature a battery-electric powertrain. (Source: Reuters)
- Japan's Nikkei 225 index falls 2.5%: The Nikkei 225 index, Japan's benchmark stock index, fell 2.5% on May 24, driven by concerns over the global economy and a decline in technology stocks. (Source: CNN Business)
- Japan's trade deficit widens: Japan's trade deficit widened to ¥1.23 trillion ($11.3 billion) in April, as exports fell 5.2% and imports rose 2.4%. The country's trade deficit has been a concern for policymakers, who are trying to boost exports and reduce the country's reliance on imports. (Source: Nikkei Asian Review)
- SoftBank's Vision Fund invests in Japanese startup: SoftBank's Vision Fund, a $100 billion investment fund, has invested in a Japanese startup called Cerevrum, which develops artificial intelligence-powered medical devices. The investment is part of SoftBank's efforts to support Japanese startups and promote innovation in the country. (Source: The Japan Times)
These are just a few of the top business news stories from CNN Business on May 25, 2019, related to Japan. If you're looking for more information, I can try to provide additional sources or summaries.