News Journal

Stock market in Japan falls

The Japan’s biggest export market U.S. released the reports that the spending on consumer goods is reducing in U.S. and this has hit the Japan Stock market that registered a low after almost 18 years.

The U.S. department store chain company J.C. Penney Co., reported loss in profits in its first quarter by almost one third and the spending in the last month increased by lowest rate as compared to earlier months.