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  • BOJ unexpectedly eases policy to boost economy, lift inflation

    TOKYO (Kyodo) -- The Bank of Japan on Friday further eased its monetary grip to underpin the country's economy, in a surprise move that the central bank said is aimed at countering downward pressure on prices as it seeks to raise the inflation rate

    October 31, 2014 04:51 pm JST
  • Japan, Asean to coordinate disaster response medical teams

    TOKYO -- Japan and the Association of Southeast Asian Nations will create a system for managing joint medical teams in the event of major natural disasters around the region. Japanese Prime Minster Shinzo Abe will attend a summit with Asean memb

    October 31, 2014 04:10 pm JST
  • Mitsui Sugar acquires supplement maker with eye on elderly market

    TOKYO -- Mitsui Sugar will make a Mie-based nutritional supplement maker Nutri its subsidiary. As sugar consumption declines, Mitsui Sugar aims to diversify revenue sources by entering the nursing care meal business. In December, Japan's largest

    October 31, 2014 04:00 pm JST
  • Nikkei ends at 7-year high on BOJ's additional monetary easing

    TOKYO (Kyodo) -- Tokyo stocks soared Friday, with the Nikkei stock index ending at its highest level in around seven years, after the Bank of Japan decided to expand its massive asset purchase program. The 225-issue Nikkei Stock Average ended up

    October 31, 2014 03:44 pm JST
  • GMO Click plans to list on Jasdaq in spring 2015

    TOKYO -- GMO Click Holdings, Japan's major foreign exchange margin trading broker, will debut on the Tokyo Stock Exchange's Jasdaq market next spring. As part of the move, it plans to acquire through a stock swap 100% ownership of consolidated s

    October 31, 2014 02:30 pm JST
  • BOJ further eases policy to boost Japan economy

    TOKYO (Kyodo) -- The Bank of Japan on Friday further eased its monetary grip to boost the country's economy, in a surprise move that the central bank said is aimed at addressing downward pressure on prices. The BOJ will expand its massive asset

    October 31, 2014 02:21 pm JST
  • Japan's Chubu Electric to import LNG with Singapore

    NAGOYA -- Japanese utility Chubu Electric Power has signed a memorandum of understanding with Singapore-based Pavilion Gas over joint procurement of liquefied natural gas, sources said Friday. Chubu Electric intends to diversify LNG procurement

    October 31, 2014 02:00 pm JST
  • Dollar steady at lower 109 yen on US growth

    TOKYO (Kyodo) -- The U.S. dollar was steady in the lower 109 yen range Friday morning in Tokyo, supported by higher-than-expected growth in the U.S. economy in the third quarter. At noon, the dollar fetched 109.35-37 yen compared with 109.17-27

    October 31, 2014 01:26 pm JST
  • Fed walks tightrope as it looks to future rate hikes

    NEW YORK -- With the U.S. finally having shaken off the worst effects of the 2008 global financial crisis, the Federal Reserve on Wednesday officially announced an end to its bond-buying program. The U.S. economy has begun to grow again, thanks

    October 31, 2014 01:00 pm JST
  • Sanrio eyes replacement stars for Hello Kitty through movie business

    TOKYO -- Japan's Sanrio, producer of global smash hit Hello Kitty, is looking to foster characters to reinvigorate sales after re-entering the movie business next month. The company has recently seen strong earnings from its Hello Kitty license

    October 31, 2014 01:00 pm JST
  • Tokyo stocks advance on Wall St. gains, GPIF reform report

    TOKYO (Kyodo) --Tokyo stocks shot up Friday morning, supported by overnight gains on Wall Street and a news report that Japan's giant public pension fund will shortly announce its new investment allocation target. The 225-issue Nikkei Stock Aver

    October 31, 2014 11:49 am JST
  • Japan's household spending down 5.6% in September

    TOKYO (Kyodo) -- Japan's average household spending in September slipped an inflation-adjusted 5.6 percent from a year earlier to 275,226 yen for the sixth consecutive month of decline following the April consumption tax hike, the government said Fr

    October 31, 2014 09:55 am JST
  • Dollar trades in lower 109 yen range in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the lower 109 yen range early Friday in Tokyo, little changed from its overnight levels in New York. At 9 a.m., the dollar fetched 109.22-23 yen compared with 109.17-27 yen in New York and 109.17-19 yen

    October 31, 2014 09:48 am JST
  • Tokyo stocks open higher on firmer dollar, Wall St. gains

    TOKYO (Kyodo) -- Tokyo stocks opened higher Friday, taking a cue from the U.S. dollar's firmness in the lower 109 yen zone and an overnight rise in U.S. stocks stemming from strong U.S. gross domestic product data. In the first 15 minutes of tra

    October 31, 2014 09:40 am JST
  • Japan's consumer prices rise 3.0% on year in September

    TOKYO (Kyodo) -- Japan's consumer prices rose 3.0 percent in September from a year earlier, up for the 16th consecutive month, but the pace of inflation slowed amid falling global crude oil prices, the government said Friday. The core consumer p

    October 31, 2014 09:11 am JST
  • Japan's jobless rate worsened to 3.6% in Sept.

    TOKYO (Kyodo) -- Japan's unemployment rate worsened to 3.6 percent in September from 3.5 percent the previous month, the government said Friday. Separate data showed the country's job availability in September worsened for the first time in thre

    October 31, 2014 08:41 am JST
  • Japanese public pension fund to lift stocks to half of portfolio

    TOKYO -- The nation's public pension fund will increase investment in domestic and foreign stocks to 25% each of a portfolio that has until now centered on Japanese bonds. Stocks will account for half of the Government Pension Investment Fund's

    October 31, 2014 06:20 am JST
  • Abe's economic advisers suggest helping low-income households, youth

    TOKYO -- Low-income households and young parents looking to return to the job market should get a hand from the government to help solidify Japan's economic recovery, members of the prime minister's economic policy advisory body will propose early n

    October 31, 2014 06:14 am JST
  • Volatility concerns ebb in Tokyo stock market

    TOKYO -- Concerns over a downturn in Tokyo stock prices are receding as investors here take a breath after the U.S. Federal Open Market Committee meeting this week. The Nikkei Stock Average Volatility Index, which is calculated based on options

    October 31, 2014 05:49 am JST
  • Tokyo Disney Resort planning even more magic for theme parks

    TOKYO -- Oriental Land will double the size of a popular section at Tokyo Disneyland and add a new section at Tokyo DisneySea as part of major investments through fiscal 2023, aiming to lure more guests. The Tokyo Disney Resort operator decided

    October 31, 2014 05:46 am JST