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Korea Japan dominance eroded in Asian football
SEOUL, South Korea -- South Korea and Japan's domination of eastern Asian football is being further eroded, judging by the make-up of the quarterfinalists in this season's Asian Champions League.The two nations have between them won all but one of the past seven Asian Champions League titles -- with the exception being a penalty shootout loss in the final -- and have been the top dogs ...
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As yen tumbles Japans gain isnt S Koreas pain
South Korea's economic problems aren't made in Japan. That isn't the way it looks in the two rival exporters' stock markets. Investors convinced that Japan's weakening yen will help its companies claw global market-share back from Korean competitors have bought almost $75 billion worth of Japanese stocks so far this year. Part of that appears to have come at the expense ...
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Nikkei dives 7.3 pct China worries spark worst rout in 2 years
TOKYO | Thu May 23, 2013 2:24am EDT TOKYO May 23 (Reuters) - The Nikkei share average plunged 7.3 percent on Thursday, its biggest one-day percentage drop in two years after weak Chinese factory data rattled investors, prompting them to take profits from a recent rally buoyed by massive Bank of Japan stimulus measures. The Nikkei ended 1,143.28 points lower at 14,483.98, a two-week ...
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Seoul shares slide as Nikkei Chinese PMI spark fears
SEOUL | Thu May 23, 2013 2:09am EDT SEOUL May 23 (Reuters) - South Korean shares extended losses and ended down 1.24 percent on Thursday as a sharp slide in the Tokyo share market and weak Chinese factory activity data prompted investors to run for cover. The Korea Composite Stock Price Index finished down 1.24 percent at 1,969.19 points. (Reporting by Jungyoun Park; Editing by ...
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Nikkei futures trade briefly halted cash Nikkei dives 6 pct
TOKYO | Thu May 23, 2013 1:48am EDT TOKYO May 23 (Reuters) - The Osaka Securities Exchange on Thursday briefly suspended trade in Nikkei futures due to a steep drop as investors took profits following a recent sharp rally, after weak Chinese factory activity rattled investors. The Nikkei share average slid as much as 6 percent to 14,682.05. The benchmark was last down 5.6 percent at ...
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Japanese parliament ratifies Hague Convention
The Japanese parliament on Wednesday ratified the Hague Convention, which deals with the treatment of children internationally abducted by a parent. The House of Councillors unanimously approved the government's bid to join the treaty in the morning, following approval last month in the House of Representatives. The government hopes Japan will be able to join the convention this fiscal ...
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Nikkei slumps 3.7 pct on weak China data 10-yr JGB prices turn higher
Reset TOKYO (May 23): Japan's Nikkei stock average tumbled 3.7 percent on Thursday, in a dramatic turnaround from a 5-1/2-year high hit in morning trade and was on track for its biggest daily drop in two years, as weak Chinese factory activity data rattled investors. The sharp turnover in the Japanese stock market prompted investors to seek safety in government bonds, with the ...
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Will U.S. Yield Follow Japans Higher
Is the chart of Powershares DB 3x Inver Jap Gov Bond ETN (JGBD) Yield reflecting incipient inflation concerns by Japanese bond investors? Of course, inflation is exactly what the BOJ wants, but that does not preclude an investor exodus from the bond market, which by definition will drive up interest rate costs for the Japanese government. Does the relentless climb in JGB Yield suggest that the ...
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Far-right Japan Restoration Party defends wartime abuse of “comfort women”
Osaka Mayor Toru Hashimoto, a leader of the far-right Japan Restoration Party (JRP), set off a firestorm in Asia and within Japan last week, by declaring that the Japanese army's policy of keeping thousands of women as sex slaves throughout Asia during World War II was necessary. At a May 13 press conference, Hashimoto declared: "If you want them [troops fighting a war] to have a rest ...
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STOCKS NEWS THAILAND-Bank of Ayudhya up after Japan MUFG stake bid report
Thu May 23, 2013 12:34am EDT Shares in Bank of Ayudhya Pcl rose after a local newspaper cited a financial market source as saying that Japan's Mitsubishi UFJ Financial Group (MUFG) had offered to acquire General Electric's stake in the Thai bank at 40 baht per share. The potential acquisition of the 25.3 percent stake, or around 1.54 billion shares, from GE Capital International Holding ...
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Japanese Investors Sell Foreign Bonds
Japanese investors sold 804.4 billion yen ($7.8 billion) worth of foreign bonds last week after three straight weeks of net buying, as they took advantage of the soft yen to repatriate overseas ...
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Three Chinese ships in disputed waters Japan coastguard
A Chinese marine surveillance ship cruises near the disputed islets on April 23, 2013. Three Chinese government ships have entered the waters of disputed islands on Thursday, Japan's coastguard said. ...
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Nikkei slumps in afternoon trade
(8 mins ago) Tokyo shares plunged more than three percent in early Thursday afternoon trade as investors sold positions on weak Chinese data to lock in profits on recent rapid gains. The Nikkei 225 index at the Tokyo Stock Exchange lost 3.20 percent or 500.04 points to 15,127.22 at one point before narrowing its loss to 2.15 percent by 0400 GMT, AFP reports. The plunge came after HSBC said ...
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Japans wartime brothels were wrong says 91-year-old veteran
1 of 2. 91-year-old former Japanese army medic Masayoshi Matsumoto points at a photograph of himself taken in the 1940s, during an interview with Reuters at his daughter's house in Sagamihara, south of Tokyo May 22, ...
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Britain told U.S. in early 1941 Japan might be preparing for war
The prospect of a clash over defense policy between South Korea's new president and the U.S. has been diminished by North Korea's own ham-fisted ...
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U.S. admits drone strikes have killed four Americans
Pope Francis’ fascination with the devil took on remarkable new twists Tuesday, with a well-known exorcist insisting Francis helped ';liberate'; a Mexican man possessed by four different demons despite the Vatican’s insistence that no such papal exorcism took place. The case concerns a 43-year-old ...
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Brutal meat cleaver murder in London blamed on radical Islam
LONDON - Two men with butcher knives hacked another man to death Wednesday near a London military barracks and one of them then went on video to explain the crime, shouting political statements, gesturing with bloodied hands and waving a meat cleaver. Soon after, arriving police shot and wounded the unidentified assailants and took them into custody. The brutal daylight attack rocked the city ...
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Japans SoftBank to give US govt Sprint board choice WSJ
NEW YORK (AFP) - Japan's SoftBank is preparing to hand the US government an unusual degree of influence over operation of Sprint Nextel, after security concerns raised by the proposed cross-border takeover, The Wall Street Journal reports online."Tokyo-based SoftBank has agreed to give the (US) federal government the right to approve one of the directors it names to Sprint's ...
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Tokyo stocks plunge in afternoon trade
TOKYO shares have plunged more than three per cent in early afternoon trade as investors sold on weak Chinese data to lock in profits on recent rapid gains. The Nikkei 225 index at the Tokyo Stock Exchange lost 3.20 per cent or 500.04 points to 15,127.22 at one point before narrowing its loss to 2.15 per cent by 1400 (AEST) on ...
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UPDATE 1-Mitsubishi Motors weighs capital shift dividends-sources
Wed May 22, 2013 11:50pm EDT * Automaker may propose 10-for-1 reverse stock split * May also seek capital reorganisation * To clear $9 bln in accumulated losses * Shares drop 11.5 pct, after recent strong gains By Kentaro Sugiyama and Yoko Kubota TOKYO, May 23 (Reuters) - Mitsubishi Motors Corp is taking steps toward resuming dividend payments after nearly a decade-long turnaround bankrolled by ...
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Japanese hospital tests powerful non-surgical radiation therapy for breast cancer
Interest in issues involving breast cancer and its treatment is at an all-time high, this after award-winning actress Angelina Jolie revealed that she had undergone a double mastectomy because of a high risk of the said disease. It should prove as good news for the medical world that Japanese cancer specialist Kumiko Karasawa has revealed on Wednesday that has started the world’s first ...
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Japanese Market Rallies As Yen Tumbles
Despite a weak lead from Wall Street, the Japanese stock market opened higher on Thursday, with investors picking up stocks on the back of the yen's decline against the U.S. dollar. Investors appear to be betting on strong corporate earnings as well.The benchmark Nikkei 225 index, which opened more than 100 points up at 15,740 and zoomed to 15,942.6 subsequently, is currently trading at ...
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Japans trade deficit widens to USD8.6b in April
(MENAFN) Japan's Finance Ministry announced that the country's trade balance posted a deficit of USD8.6 billion last month, up by around 70 percent from a year earlier, reported AP.The ministry added that exports rose by 3.8 percent to USD56.3 billion, while imports gained 9.4 percent to USD64.9 billion.It said that the cost of oil purchases dipped, however, the value of imports of ...
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Japanese Exports to US Surge in April
Japan's exports to the United States rose for the fourth straight month in April on a year-on-year basis, surging 14.8 percent to 1.101 trillion yen ($10.69 billion), according to preliminary figures released by the Finance Ministry.The April jump in U.S.-bound shipments was led by autos, organic compounds and mineral fuels, which soared 21.0 percent, 69.4 percent and 1,353.4 percent, ...
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China losing luster for Japan makers
With labour costs surging in China and domestic production recovering competitiveness thanks to the weaker yen, many Japanese manufacturers have been prompted to review their production in China. Japan Display Inc., the world's largest maker of small and midsize liquid crystal displays, reportedly plans to relocate part of its production in China to Japan. Other domestic manufacturing ...
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Japan focuses on next big export
Smart grids are the way of the future, according to a Japanese consortium of seven companies that want to invest in the cities of the future and pave the way for the next big export to come out of Japan.
Japan is already one of the leading high-tech industries of the world, producing gadgets and appliances that are sold globally, from cars and microwaves to robots for use in surgery, space and mines. The country is a major manufacturing hub, there are Sony, Panasonic, Toshiba and Nintendo appliances in homes across the globe and many of the world’s most famous export brands have their headquarters in Japan or were founded in Japan. Read more
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