10:11PM Japan manufacturers derive record 45% of sales from abroad by Chris Oliver
HONG KONG (MarketWatch) -- Japanese manufacturers sold about 45% of their goods to markets outside Japan in the fiscal year that ended March 31, the largest proportion of Japanese goods ever sold abroad, reflecting buoyant demand from emerging markets, according to a Japanese media report. Japanese manufacturers derived about 42% of total group sales from foreign markets in the previous fiscal year, and have seen the total proportion rise about 10 percentage points over four years, according to a Nikkei newspaper report, which cited data taken from 994 listed companies. When rolling together data for non-manufacturers and manufacturers, overseas markets accounted for 29% of sales, a rise of 2 percentage points over the previous year.
9:42PM Tokyo condo prices fall 1.4% in April on month by Chris Oliver
HONG KONG (MarketWatch) -- Tokyo condo prices fell 1.4% in April from the previous month, extending a flat to softening trend in real estate prices seen since the beginning of the year, according to the Nikkei newspaper, which cited figures from property firm Tokyo Kantei Co. Condo prices in the greater Tokyo metropolitan area fell 0.9% on month, after posting a slight gain in March. A benchmark family dwelling of 70 square meters (754 square feet) in the greater Tokyo area fetched 32.36 million yen ($304,000) in April, the fourth straight month average prices averaged in the 32 million yen range since touching a high of 34 million yen in December.
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