Japanese economy ‘at standstill’

The Japanese economy is at a standstill, Japan’s government has said, as concerns about the strong yen continue to grow.

The recovery in the economy was “pausing”, the Cabinet Office said in a monthly statement.

It is the most negative the government has been about the economy in nearly two years.

The rising yen and a slowdown in global demand for Japanese exports was blamed for the downgrade.

In recent months, the government has insisted that the economy is “picking up”.

But it said it now expected the economy to remain weak for some time, with “weakening” exports a chief concern.

It said shipments to Asia in particular were becoming weaker, further hitting exporters that are already suffering from the strong yen.

http://www.bbc.co.uk/news/business-11571644

 

 

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Tottenham Hotspur name Investec as second shirt sponsor

http://www.bbc.co.uk/news/10997870

Tottenham Hotspur has signed a deal under which specialist bank and asset management firm Investec will become its second shirt sponsor.

Software infrastructure company Autonomy is the White Hart Lane club’s shirt sponsor in the Premier League.

Now Investec will become shirt sponsor for Champions League and domestic cup competitions for the next two years.

The Autonomy deal is worth £20m, and the Investec deal is believed to be worth worth £5m over two years, although the club has not disclosed the value.