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Japan market gyrations underline economys vulnerability while verdict still out on Abenomics
TOKYO - Japan's financial markets gyrated wildly Thursday, underscoring the vulnerability of its economy to a loss of investor confidence as Prime Minister Shinzo Abe attempts shock monetary easing to end two decades of stagnation. Interest rates, or yields, on 10-year Japanese government bonds briefly topped 1 per cent for the first time in a year on Thursday, following news that some ...
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Japanese climber 80 becomes oldest to summit Everest
Yuichiro Miura, 80, scaled Mount Everest Thursday, becoming the oldest person to reach the summit of the world's tallest peak, his office said. Miura, who is also an extreme skier, reached the summit of the 29,028-foot Himalayan peak in Nepal about 9 a.m. Thursday, Mainichi Shimbun reported, quoting his Tokyo office. "It's the greatest feeling in the world. I feel like ...
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Currencies Dollar tumbles vs. yen as Japan stocks sink
LONDON (MarketWatch) -- The dollar slumped on Thursday, dropping closer to the 100-yen level, as Japanese stocks plunged on the back of disappointing Chinese data and fears the U.S. Federal Reserve could soon begin to reduce its bond ...
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European stocks dive after Tokyo plunge
LONDON (AFP) - European stock markets slumped in early trading on Thursday, with most indices losing more than 2.0 percent after Tokyo shares plunged owing to weak Chinese data and signs that the US Federal Reserve may soon taper massive stimulus measures, analysts said.London's benchmark FTSE 100 index retreated 1.74 percent to 6,720.88 points, Frankfurt's DAX 30 slumped 2.33 percent ...
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Tokyo market plummets more than 7 drags down global stocks
A woman walks past an electronic board displaying a graph showing the dramatic downturn of Japan's Nikkei average outside a brokerage in Tokyo, May 23, 2013. (Toru ...
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Japans Monetary Policy a Big Experiment
Ben Broadbent, member of the Monetary Policy Committee at the Bank of England, tells CNBC that Japan is in the midst of a big monetary experiment, so volatility in equity and bond markets should be seen in that ...
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Japan Economy Chief Warns Against Panic Over Stock Sell-Off
Japan 's economy minister said there's no reason to be perturbed by today's sell-off in the nation's stocks, as the recent surge in equities was faster than expected and the economy is steadily recovering. "There's no need to be perturbed as the Japanese economy is recovering soundly," Akira Amari told reporters in Tokyo today. "We will closely watch ...
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CA stops PH-Japanese contract to develop Nampeidai property in Tokyo
MANILA, Philippines--The Court of Appeals indefinitely stopped the implementation of a contract forged by the Philippine government with Japanese consortium Nagayama Taisei Corporation (NTC) for the development of the controversial Nampeidai property in Tokyo, Japan. In a 5-page resolution, the appeals court granted the injunction sought by Finance Secretary Cesar Purisima, Foreign Affairs ...
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Japanese shares plunge Nikkei closes down 7.3
Japanese shares plunged in Thursday’s trade – with the Nikkei closing down 7.3 percent and the Topix ending down 6.9 percent, its biggest fall since March 2011. One of the main drivers of the losses was data from China showing that manufacturing activity fell in May. Markets were also spooked by concerns that the US Federal Reserve might downscale its bond purchases. The Nikkei ...
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Liberia President Sirleaf Departs Liberia for AU Summit in Ethiopia Ticad V in Japan and Forbes Philanthropy Event in the United States
President Ellen Johnson Sirleaf departed the country on Wednesday, May 22, for intergovernmental engagements in Ethiopia and Japan, and a philanthropy event sponsored by Forbes Magazine, in the United States. According to an Executive Mansion release, President Sirleaf departed for Addis Ababa, Ethiopia, on the first leg of her trip, to attend the 21st Ordinary Session of the Summit of the ...
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Japanese man 80 sets Everest record
AN 80-year-old Japanese climber has reached the summit of Mount Everest, becoming the oldest person to scale the world's highest mountain. Yuichiro Miura and his party arrived at the summit around 9am (1315 AEST), according to his website. "I feel like the happiest person in the world. How could I have come so far at the world's oldest age of 80," Miura said. "I have never ...
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Japans Nikkei index slumps over 7
Japanese stocks plummeted today after a spike in government bond yields and unexpectedly weak Chinese manufacturing spooked investors sitting on top of months of massive gains in share prices. The Nikkei 225 in Tokyo slumped by 7.3% to close at 14,483.98, its worst drop since the 2011 tsunami. Japan's 10-year government bond yield rose above 1% for the first time in a year, unnerving ...
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Osaka Gas Buys PNG Gas Fields
SYDNEY - Osaka Gas Co. Ltd. has agreed to pay up to US$204 million to acquire stakes in natural gas assets in Papua New Guinea owned by Horizon Oil Ltd., in the latest bet by an international energy company on the country's potential as a supplier of clean-burning fuels. Japan is the world's biggest importer of liquefied natural gas – a natural gas cooled to a liquid so it can ...
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Japan stocks plummet 7
Japanese stocks were also hurt by a strengthening in the yen, which makes exports more expensive overseas and erodes repatriated earnings. - ...
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Roundup Japan mulling to resume inter-governmental talks with DPRK
Japanese Chief Cabinet Secretary Yoshihide Suga said here Wednesday that Japan is mulling to resume the stalled inter-governmental talks with the Democratic People's Republic of Korea (DPRK) in an effort to resolve abduction issue.Suga said Prime Minister Shinzo Abe is resolute to resolve the issue and Japan seeks every possibility to communicate with DPRK to make the issue settled.Abe said ...
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Nagatomo Recalled for Japans World Cup Qualifier
(Reuters) - Flying fullback Yuto Nagatomo was recalled to the Japan squad on Thursday for the crunch 2014 World Cup qualifier against Australia next month, where victory would secure a berth in Brazil and damage the Socceroos' hopes of joining them. A knee injury forced Nagatomo to miss Japan's last qualifier in Jordan where the Asian champions needed only a point to claim an early place ...
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Japan stocks plunge on weak China data
A seven-month rally in Japanese stocks came to an abrupt halt Thursday as the benchmark Nikkei index plunged by 7.3%, with investors rattled by weak economic data from ...
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Japan files protest over S.Korean editorial
Japan has issued a protest with a major South Korean newspaper over a commentary that describes the 1945 US atomic bombings of Japan as divine ...
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Japanese researchers find virus-carrying tick
A United Nations committee on May 21 called on Japan to prevent hate speech and other actions that degrade former "comfort women" and portray them as prostitutes for Japanese troops in World War ...
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U.N. urges Japan to block defamation of comfort women
A United Nations committee on May 21 called on Japan to prevent hate speech and other actions that degrade former "comfort women" and portray them as prostitutes for Japanese troops in World War ...
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Youth arrested for hitting 16-year-old girl with baseball bat
An 18-year-old youth has been arrested on a charge of attempted murder after he allegedly hit a 16-year-old girl in the head with a baseball ...
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Japan to give fresh 40-billion-yen grant aid to Myanmar
The Japanese government plans to provide 40 billion yen in fresh grant aid to Myanmar for the country's infrastructure development, officials said ...
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Foreign travelers to Japan hit record-high
The number of foreigners visiting Japan reached a record high last month. Analysts say the weakening yen is making Japan a more affordable ...
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Olympics Japan hammer-thrower Murofushi loses IOC vote appeal
The Court of Arbitration for Sport on Wednesday said it had rejected an appeal by Japanese hammer-thrower Koji Murofushi against his exclusion as a candidate for election to the IOC Athletes' Commission on the grounds of unfair campaigning at the 2012 London ...
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Honda Kagawa among 26 in Japanese squad for World Cup qualifier
(34 mins ago) Keisuke Honda and Shinji Kagawa have been picked in Japan's 26-man squad for the 2014 World Cup qualifier against Australia next month. Japan has 13 points in Group B of Asian qualifying and can clinch its fifth straight World Cup appearance with a win or draw against Australia on June 4 at Saitama Stadium, AP reports. Australia is third with six points and needs to do well ...
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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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