musiclover
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Posts by musiclover
Japan cuts in Iran crude imports could be over 20 percent
Feb 22nd
Japan is in final talks with Washington on an agreement on cuts in Iranian crude oil imports that could amount to more than 20 percent a year, the Nikkei business daily reported on Thursday, as Tokyo seeks to win waivers from U.S. sanctions. Japan and the United States will reach a basic agreement by the end of February, sparing Japan’s three main banks that currently handle payments to Iran from penalties, the Washington-datelined report said, without citing sources.
Japan Air Orders 10 More Boeing 787 Dreamliners
Feb 15th
Japan Airlines Co. (9205) will order 10 more Boeing Co. (BA) 787s, boosting a backlog to 45, as it expands international operations following a state-backed turnaround.
The airline will also convert 10 existing 787 orders to the larger -9 version from the smaller -8, according to a statement today.
Japan electronic giants eye chip merger
Feb 8th
Three of Japan’s biggest electronics companies are to join forces in a chip-making venture, reports said Wednesday, days after a swathe of dire results from a sector struggling to compete globally.
Panasonic, which earlier said it expected to lose more than $10 billion this year, is set to hook up with Renesas Electronics and Fujitsu as they look for economies of scale in an increasingly difficult marketplace.
Imbalance Seen in Japan-China Deal
Feb 1st
When Japanese Prime Minister Yoshihiko Noda and his Chinese counterpart Wen Jiabao met in December, a deal by Tokyo to buy Chinese government bonds was hailed by the two as way to bring the major trading partners even closer together. More >
Yen drops to 1-month lows after Japan trade data
Jan 25th
The yen dropped to one-month lows against the dollar and the euro on Wednesday, as traders took data showing Japan had logged its first annual trade deficit since 1980 as a cue to snap up gains in the Japanese currency.
Selling in the yen picked up steam on the back of unwinding of yen long positions placed by speculators, with model and macro funds also spotted pressuring the Japanese unit.
Yen drops to 1-month lows after Japan trade data
Jan 25th
The yen dropped to one-month lows against the dollar and the euro on Wednesday, as traders took data showing Japan had logged its first annual trade deficit since 1980 as a cue to snap up gains in the Japanese currency. Selling in the yen picked up steam on the back of unwinding of yen long positions placed by speculators, with model and macro funds also spotted pressuring the Japanese unit.
Tokyo exporters limited the downside for the yen, showing strong dollar-selling interest right below 78 yen, after the safe-haven yen on Tuesday suffered its biggest one-day fall since Japan intervened in the market in October.
Japan PM vows Fukushima rebirth
Jan 4th
Japan’s prime minister has pledged in his traditional new year’s press conference to bring “rebirth” to the area around the crippled Fukushima nuclear power plant.
Prime Minister Yoshihiko Noda said on Wednesday authorities would work to decontaminate the region from radioactive fallout, while ensuring compensation and health checks for those affected by the disaster.
Japan, India Seal $15 Billion Currency Deal
Dec 28th
Japan agreed to make $15 billion available to India in a currency swap arrangement as Europe’s deepening debt crisis threatens to curtail developing Asia’s access to dollar funding.
Japan’s Large Manufacturer Index Falls to -4
Dec 14th
Sentiment among Japan’s largest manufacturers deteriorated more than economists expected, underscoring the fragility of a post-quake recovery threatened by Europe’s debt crisis and a strengthening yen.
The Tankan large manufacturer index fell to minus 4 from 2, the Bank of Japan said today in Tokyo. The median estimate of 24 economists surveyed by Bloomberg News was for a reading of minus 2. A negative number indicates that pessimists outnumber optimists.
Tokyo stocks up ahead of EU Summit
Dec 7th
Tokyo stocks rose 1.71 per cent Wednesday ahead of a crucial European Union summit that will focus on tackling the eurozone debt crisis.
The benchmark Nikkei 225 index at the Tokyo Stock Exchange gained 147.01 points to close at 8,722.17.
The broader Topix index of all first-section issues rose 1.57 per cent, or 11.62 points, to 749.63.
