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Japan’s REITs Drop as Government Bond Yields Rise Tokyo Mover
Japan 's real estate investment trusts fell, with the Tokyo Stock Exchange REIT Index dropping the most in eight weeks, after 10-year Japanese government bond yields rose to 1 percent for the first time in a year. The REIT index declined as much as 5.7 percent and slumped 5.5 percent to 1,398.59 as of 1:21 p.m. in Tokyo, set for the biggest slide since April 1. The Topix Real Estate ...
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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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Japanese becomes oldest person to conquer Everest
Eighty-year-old Yuichiro Miura has become the oldest person to scale Mount Everest, his management office said Thursday. In his third successful attempt to climb the 8,848-meter peak, Miura and his Sherpas left the last base camp at 8,500 meters shortly after 2 a.m. local time and reached the summit less than seven hours later, according to information received by the office in Tokyo. Miura ...
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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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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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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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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 needs more companies that cherish their female workers
Japanese Prime Minister Shinzo Abe has trumpeted women's active involvement in the workforce as a pillar of the government's growth strategy. He aims to better utilise women's abilities to invigorate the nation's economy. Abe specifically asked for cooperation from the Japan Business Federation (Keidanren) and other organisations in urging all listed companies to appoint at ...
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Active Fault May Block Restart of Tsuruga Reactor in Japan
TOKYO ...
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Japan govt natural for JGB yields to rise as share prices gain
TOKYO | Wed May 22, 2013 10:37pm EDT TOKYO May 23 (Reuters) - Japan's top government spokesman said on Thursday that it was natural for government bond yields to rise on the back of gains by Tokyo stocks and that he fully trusts the central bank's response to market moves. "I expect that the Bank of Japan will appropriately deal with it," Chief Cabinet Secretary ...
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FBI kills man possibly linked to Boston bombings suspects media reports
The Federal Bureau of Investigation (FBI) shot dead a man Wednesday who was possibly linked to the Boston bombings suspects, US media reported.The shooting occurred in Orlando, Florida early Wednesday morning while a man was being questioned by an FBI agent in Florida, NBC News reported.FBI Special Agent Dave Couvertier later confirmed in a statement that an unidentified agent encountered the ...
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Japan is integral to the future of Asia PM Lee Hsien Loong
Singapore Prime Minister Lee Hsien Loong said Japan is integral to the future of Asia and called on Japan to deepen its strategic engagement with Southeast Asia and the wider ...
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Tokyo Skytree celebrates 1 year
Tokyo Skytree, the 634-metre-high tower in Sumida Ward, Tokyo, marked the first anniversary of its opening on Wednesday. During the past year, 6.38 million people visited the landmark, much higher than the 5.4 million predicted at the time of the opening. The total number of visitors to Tokyo Skytree and its neighbouring Tokyo Solamachi commercial facility was 50.8 million, about 60 per cent ...
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Positive start for Nikkei
(1 hr 7 mins ago) Stocks in Tokyo opened 0.72 percent higher after the yen fell against the US dollar on signals that the US Federal Reserve could soon scale back its aggressive stimulus measures. The benchmark Nikkei 225 index, which closed at its best level in more than five years yesterday, added 112.72 points to 15,739.98 at the ...
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Asia Markets Tokyo stocks soar as Sydney Seoul retreat
HONG KONG (MarketWatch) -- Australian and South Korean stocks dropped Thursday on worries the Federal Reserve could downscale its bond purchases, while Japanese shares marched to fresh multiyear highs as several exporters got a lift from the weakened ...
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Japan passes bill to join Hague treaty on child abduction
Long accused of tolerating "kidnapping," Japan on May 22 approved a bill to join the Hague convention on resolving cross-border abductions of children from broken international ...
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Listed firms project 48 jump in fiscal 2013 net profits
Buoyed by the weakening yen, Japan's largest companies are projecting a 48.4-percent jump in combined net profits for the current fiscal year, building on an increase of 24.1 percent recorded for the previous ...
Japan Featured
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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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