SHRINKING ECONOMY: People walk past a grocery store in Tokyo. Japanese inflation fell back to zero in July while household spending dropped again, official data showed. (Yoshikazu Tsuno, AFP)
In other news
Asia stocks have extended their rally, taking heart from strong US growth figures to cement a recovery after a torrid week.
Europe's stock markets have opened higher following strong gains across Asia inspired by revised second quarter figures in the US indicating better economic growth.
The alarming scale of China' s economic slowdown is pushing European exporters to accelerate a move into premium goods and services.
The dollar has stayed firm against the yen after upbeat US growth data suggested the world's top economy was weathering a slowdown in China.
US stocks have posted big gains for the second straight session as strong American economic data extended a global rally that began with a surge in beaten-down Chinese equities.
Crude has extended gains in Asia following a 10% price surge in the previous session fuelled by strong US economic data.
US agribusiness leader Monsanto has abandoned efforts to acquire Swiss rival Syngenta AG, which has rejected a recently sweetened offer.
China is expected to add more than 6 300 new aircraft to its commercial fleet by 2034, US manufacturer Boeing says.