Japan

Toshiba's Westinghouse to buy majority stake in nuclear fuel firm

Toshiba's Westinghouse to buy majority stake in nuclear fuel firmTokyo - Japanese electronics company Toshiba Corp on Thursday announced its US unit Westinghouse Electric Co would acquire a 52-per-cent stake in Nuclear Fuel Industries (NFI) to increase competitiveness in bidding for construction of nuclear power plants.

Westinghouse plans to buy a 26-per-cent stake each from Furukawa Electric Co and Sumitomo Electric Industries, which together own Nuclear Fuel Industries, for about
10 billion yen (103 million dollars) in May, Toshiba said.

Media Type: Text Bank of Japan holds key interest rate unchanged at 0.1 per cent

Media Type: Text Bank of Japan holds key interest rate unchanged at 0.1 per cent

Japan's March industrial output up, first growth in six months

Japan's March industrial output up, first growth in six months Tokyo - Japan's industrial output in March marked the first growth in six months, thanks to increased production in the high-tech and machinery sectors, the government said Thursday.

The March output rose 1.6 per cent in seasonally-adjusted terms, following a 9.4-per-cent drop in February and a record 10.2-per-cent fall in January, the Ministry of Economy, Trade and Industry said in a preliminary report.

Japan sets up fever clinics in preparation for swine flu outbreak

Japan sets up fever clinics in preparation for swine flu outbreakTokyo - Japan will set up fever clinics across the nation to treat patients with swine flu if the disease reaches Japan, a ministry official said Thursday.

The government's plan to designate some medical facilities as fever clinics was intended to prevent in-hospital spread of flu infections, according to the Health, Welfare and Labour Ministry.

Japanese puff on electronic cigarettes

Japanese puff on electronic cigarettesTokyo - Japanese smokers bent on

Nikkei surges 4 per cent on strong March industrial output

Nikkei surges 4 per cent on strong March industrial outputTokyo - Japan's benchmark Nikkei 225 Stock Average rose 4 per cent Thursday on March industrial output data and optimism over a possible US economic recovery.

The Nikkei index surged 339.87 points, or 4 per cent, to close morning trading at 8,833.64, and the broader Topix index of all first-section issues also rose 29.05 points, or 3.6 per cent, to 841.04.

Investors returned from a national holiday Thursday to buy a wide range of issues after the nation's industrial production data for March came out stronger than expected.

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