Japan's economy rebounds in 2Q on export growth
But economists said the nascent recovery could quickly run out of steam because domestic demand remains weak. Salaries are falling and the unemployment rate has risen to a six-year high of 5.4 percent as companies such as Toyota Motor Corp. and Sony Corp. have cut thousands of jobs.Chinese stocks tumble 5.8 pct on policy jitters
Recent data showing that retail sales, trade and investment rose in July, but not as fast as some had hoped, have further darkened buying sentiment.
"It might be that the market is overreacting and too sensitive," said Mao Sheng, an analyst for Huaxi Securities in the western city in Chengdu. "After all, there is no solid data showing Chinese economy is doing badly."
