Japan

Japanese top carmakers' environment friendly rankings

Japan, TokyoBerlin  - Japanese automakers produce the most environmentally friendly cars, a study released in Germany Wednesday concluded.

Drawn up by the Traffic Club Germany (VCD), the study said that Japanese carmakers were ahead of their international rivals at a time when concerns are growing about high fuel costs and global warming.

"When it comes to innovations favourable to the environment, the Japanese continue to be out in front," said VCD chief Hermann-Josef Vogt releasing the group9s findings.

Six Japanese car manufacturers were among the top ten in the VCD's latest auto environment list.

Japanese naval ships to visit India from Aug. 23-26

New Delhi, Aug 20 : To strengthen security and strategic ties, two guided missile destroyers and one training ship of Japan’s Maritime Self-Defence Force will take part in an exercise with Indian Navy from August 23-26 on the western seaboard.

On August 26 they will be participating in PASSEX along with Indian Fleet Ships comprising Delhi class and Corvette. The PASSEX would involve OOW Manoeuvres, Flying Exercise, Cross Deck Flying, Photo Exercise, Underway Replenishment, Jackstay and Steam Past.

Japanese Defence Ships Kashima (Training Ship), Asagiri and Umigiri are visiting Mumbai from August 23 – 26. Both JDS Asagiri and Umigiri are frontline destroyers with a displacement of 2500 Tonnes and carry Sea Hawk Helicopter.

Monkey stops foot traffic at busy Tokyo train station

Tokyo - A monkey stopped pedestrians in their tracks at Tokyo's busy Shibuya train station Wednesday, becoming a rare photo opportunity for nearly 50 passersby.

Tokyo stocks open lower on Wall Street losses

Tokyo StocksTokyo - Tokyo stocks extended losses Wednesday after overnight declines in the US market.

The Nikkei 225 Stock Average fell 36.51 points in morning trading, or 0.28 per cent, to close at 12,828.54.

The broader Topix index of all first-section issues was also down 6.31 points, or 0.51 per cent, to 1,229.23.

The Tokyo market was seeing second day of losses mainly in financial and export-oriented issues after the indices tumbled more than 2 per cent Tuesday on renewed worries about the global credit crunch and the weakening economy in the United States, Japan's largest export market.

Bank of Japan keeps key interest rate unchanged at 0.5 per cent

Bank of Japan keeps key interest rate unchanged at 0.5 per cent Tokyo - The Bank of Japan decided Tuesday to maintain its key short-term interest rate at 0.5 per cent because the nation's economic growth has been "sluggish" and exports have been weak.

"Economic growth has been sluggish against the backdrop of high energy and materials prices and weaker growth in exports," the bank said in a statement.

Tokyo stocks fall more than 2 per cent on Wall Street drop

Tokyo stocks fall more than 2 per cent on Wall Street drop Tokyo - Tokyo stocks lost more than 2 per cent Tuesday on overnight falls in the US market.

The Nikkei 225 Stock Average tumbled 349.02 points in morning trading, or 2.65 per cent, to 12,816.43.

The broader Topix index of all first-section issues was also down 31.19 points, or 2.47 per cent, at 1,263.75.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 110.10-15 yen, down from Monday's 5 pm quote of 110.25-26 yen.

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