| Japan Market Update Archive: |
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Weekly Drop of 6.6% in Tokyo
Sep 05, 4:38 PM ET |
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| Sumco Corp. led decliners in the Nikkei 225 index shares with a fall of 11.26% followed by losses in Nippon Meat Pack of 9.55%. |
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| Stocks in Japan fell on the worries that weak global markets and rising commodities prices will lower exports and earnings of local companies. That economic view was reinforced by 7.6% decline in capital spending in the second quarter. Steelmakers and exporters fell sharply. Finance ministry reported a decline in reserve of $7.9 billion to $996 billion and stated that it held 24.6 million ounces of gold. |
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Shipping Lines, Stocks in Tokyo Fall
Sep 04, 7:21 PM ET |
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| In August, Honda U.S. sales rose 1.7% to 1.08 million units and Toyota Motor sales fell 7.8% from a year ago to 1.6 million units. |
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| Stocks in Japan fell on weak tech and commodities sectors. Honda sales in the U.S. rise as Asian car makers increase market share in August. In Tokyo trading Nikkei 225 fell 1.04% or 131.93 to 12,557.66, and the broader Topix Index fell 1.6% or 18.90 to 1,201.65. Asian auto makers increased their U.S. market share in August to 47.3%. Shipping lines also declined as the Baltic Dry Index plunged 5% yesterday on worries China’s imports of iron ore will fall. |
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Oil, Metals Fall, Tokyo Stocks Rise
Sep 03, 1:51 PM ET |
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| Nippon Paper Group led advancers in the Nikkei 225 index shares with a rise of 9.09% followed by increases in OJI Paper Co. of 7%. |
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| Japan stocks edged higher after crude oil declined in the region to a three-month low. A steady decline in oil and natural gas prices in the last five trading session lifted stocks of consumer goods, retailing and paper and tire manufacturing companies. Mitsubishi UFJ may increase its stake in consumer lender Acom to 40% from 15%. |
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Commodities, Stocks Fall in Tokyo
Sep 02, 4:05 PM ET |
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| Recent resignation of Prime Minister Yasuo Fukuda and a possible appointment of Taro Aso is not likely to break the dealock in Tokyo. |
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| Stocks in Japan tracked losses in commodities prices and fell 1.75%. A two-day sharp fall in crude oil prices dragged oil prices down nearly 10%. Inpex Holdings led decliners in the Nikkei 225 index shares with a fall of 6.7% followed by losses in Toho Zinc of 6.2%, in Takashimaya of 6%, in Nippon Sheet Glass of 5.9%, and GS Yuasa Corp. of 5.2%. Japan is increasingly likely to head for a national election as voters demand a change and faster political actions. |
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Auto Sales Decline, Wage Gains Slows
Sep 01, 5:20 PM ET |
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| August auto sales fell. Toyota sales fell 18.4% and at Honda rose 16% and at Nissan declined 19%. |
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| Auto sales in August declined and are likely to fall for the year. Toyota, Honda and Nissan fell between 2% and 3% in trading. A day ago, Yasuo Fukuda, the prime minister of Japan resigned after months of trying to cobble a consensus on economic policites and political agenda that will lower government spending. Taro Aso is likely to lead LDP party election and may be voted as a replacement. |
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Inflation 2.4%; Production Rises
Aug 29, 12:54 AM ET |
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| Fujifilm led decliners in the Nikkei 225 index shares with a fall of 12.43% |
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| The Statistics Bureau in Japan reported on its Web site today that the consumer price index in Japan rose 0.2% from the previous month and gained 2.3% from a year earlier. In Tokyo trading Nikkei 225 index rose 2.4% today and added 3.2% for the week and dropped 2.3% for the month, and the broader Topix Index rose 2.9% in the session. Industrial production rose 0.9% in July after it fell 2.2% in June. Nisshinbo Industries led advancers in the Nikkei 225 index shares with a rise of 10.47%. |
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Ricoh Buys IKON, Weak Construction
Aug 28, 8:49 AM ET |
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| Stocks in Japan edge higher despite rising evidence of more failures linked to construction and housing sectors. |
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| Stocks in Japan edged higher lifted by rising commodities related stocks and news of acquisition from Ricoh. The office equipment company agreed to acquire IKON Office Solutions for $1.6 billion in cash, 33% premium from its 60-day trailing average price. More construction companies and home builders in Japan are expected falter in the rest of the year. July month saw nearly 1,140 bankruptcies in Japan, with nearly third of them from the construction industry. |
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Builder Bankruptcy Drives Nikkei Lower
Aug 27, 6:14 PM ET |
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| Realty and banking stocks fell after the news of home builder bankruptcy. Sumitomo Realty dropped 2.9% and Tokyu Land lost 2.5%. |
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| Stocks in Japan fell as fourth home builder filed for bankruptcy protection in as many months. Tight lending standards and revised and tougher building code pushed several home builders into financial distress. Tokyo office rent fell in August from July, a first monthly decline in three decades. The news of the bankruptcy dragged stocks lower. |
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Japan Stocks Follow Global Slow Down
Aug 26, 5:07 PM ET |
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| Stocks in Japan fell as construction industry takes one more large bankruptcy. Domestic economy related stock are increasingly favored by investors. |
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| Stock market indexes in Japan fell as more evidence emerged of a global economic slowdown. Investors sought stocks linked to the domestic economy and sold stocks linked to exports to the U.S. and Europe. The U.S. dollar also strengthened against yen. Construction sector in Japan continue to take more casualties as more companies face tighter lending standards. Sebon Corp filed for bankruptcy protection with 62 billion yen in liabilities. |
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Kirin Acquires Dairy Farmers, Realtors Fall
Aug 25, 5:03 PM ET |
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| Kirin Holdings, the largest beverage and brewing company in Japan agreed to pay 12.8 times operating earnings for Dairy Farmers of Japan. |
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| Kirin acquired Australia''s second largest dairy farm operations known as Dairy Farmers after ten months it acquired National Foods from San Miguel of Philippines. The brewer agree to pay A$910 million for the dairy and had paid A$2.7 billion for National Foods. Australia, the third largest dairy exporter in the world is expected to increase its milk production less than 2% and exports more than 10% in the fiscal 2009. |
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