Japan

Bank of Japan injects another 1.5 trillion yen into markets

Bank of Japan injects another 1.5 trillion yen into marketsTokyo - Japan's central bank on Wednesday pumped 1.5 trillion yen (14.22 billion dollars) into money markets, the sixth-straight business day that it had injected money into the economy in the wake of the US banking crisis.

The Bank of Japan's total now comes to 14 trillion yen after it agreed with five other central banks last week to work together to help stem a liquidity crisis that threatens the world economy.

Tokyo stocks open lower on Wall Street's falls

Tokyo Stock ExchangeTokyo - Tokyo stocks fell Wednesday as concerns over US financial markets grew after overnight falls on Wall Street and opposition from some US lawmakers to a bailout plan for the US financial industry.

The benchmark Nikkei 225 Stock Average dropped 140.19 points, or 1.16 per cent, to 11,950.4.

The broader Topix index of all first-section issues was also down 15.04 points, or 1.29 per cent, to 1,153.65.

The Bank of Japan on Wednesday injected 1.5 trillion yen (14.22 billion dollars) into the money markets to help free up credit in the wake of the US banking crisis.

Japanese cabinet resigns with Taro Aso poised to become prime minister

Tokyo - Japanese cabinet resigns with Taro Aso poised to become prime minister

Czechs to sell Japan extra carbon emissions allowances

Japan's coalition "aiming for parliamentary elections on October 26" Prague  - Japan and the Czech Republic Tuesday signed a memorandum that paves the way for Japan to buy surplus greenhouse gas emission credits, the Czech Environment Ministry said.

Japan has so far failed to fulfil its obligation under the so- called Kyoto Protocol to cut by 2012 emissions of gases believed to cause global warming by 6 per cent from the
1990 levels.

Nomura to acquire European business of Lehman Brothers

Nomura to acquire European business of Lehman Brothers Tokyo  - Japan's largest brokerage Nomura is gearing up to acquire the European business operations of bankrupt US investment bank Lehman Brothers, the Kyodo news agency reported Tuesday.

Citing informed sources, Kyodo said Nomura Holdings was in the final stages of negotiations for the acquisition.

The report comes a day after Nomura announced it was acquiring Lehman Brothers' operations in Asia, with Kyodo putting the value of the deal at over 20 billion yen (190 million dollars).

Papers: Future prime minister Aso should call early elections

Tokyo - Papers: Future prime minister Aso should call early electionsJapan's future prime minister Taro Aso should call for an early general election and be judged by the public, Japanese media said Tuesday.

Aso was elected president of the nation's ruling Liberal Democratic Party (LDP) Monday to succeed outgoing Yasuo Fukuda, who announced his resignation on September 1.

The 68-year-old veteran politician Aso awaits Wednesday's election to become prime minister.

Pages