UPDATE 4-Japan on brink of recession as economy contracts, virus heightens risk [Reuters]
ITOCHU CORP UNSP/ADR (ITOCY)
NASDAQ:AMEX Investor Relations:
itochu.co.jp/en/ir/index.html
Company Research
Source: Reuters
Japan on brink of recession as economy contracts, virus heightens risk TOKYO (Reuters) - Japan’s economy shrank at the fastest pace in almost six years in the December quarter as a sales tax hike hit consumer and business spending, raising the risk of a recession as China’s coronavirus outbreak chills global activity. Analysts say the widening fallout from the epidemic, which is damaging output and tourism, could have a significant impact on Japan if it’s not contained in coming months. “There’s a pretty good chance the economy will suffer another contraction in January-March. The virus will mainly hit inbound tourism and exports, but could also weigh on domestic consumption quite a lot,” said Taro Saito, executive research fellow at NLI Research Institute. “If this epidemic is not contained by the time of the Tokyo Olympic Games, the damage to the economy will be huge,” he said. Japan’s gross domestic product (GDP) shrank an annualized 6.3% in the October-December period, government
Show less
Read more
Impact Snapshot
Event Time:
ITOCY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ITOCY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ITOCY alerts
High impacting ITOCHU CORP UNSP/ADR news events
Weekly update
A roundup of the hottest topics
ITOCY
News
- Japan's Itochu in Talks to Buy LNG From British Columbia Project [Financial Post (Toronto, Ontario, Canada)]Financial Post
- NJ may pull public investments from Japanese company for cutting ties with Israeli defense contractor [Yahoo! Finance]Yahoo! Finance
- Japan may introduce tax breaks to spur repatriation into yen, Sankei reports [Reuters]Reuters
- Shohei Ohtani Signs Global Partnership with ITO EN's Green Tea Brand "Oi Ocha" [Yahoo! Finance]Yahoo! Finance
- Chocoholics in Japan Set for Sticker Shock After Cocoa Surge [Yahoo! Finance Canada]Yahoo! Finance Canada