Tokyo - The Japanese government plans to draw up a supplementary budget for fiscal year 2009 with an economic stimulus package of more than 10 trillion yen (100 billion dollars), Finance Minister Kaoru Yosano said Monday.
During a meeting with Yosano, Prime Minister Taro Aso ordered him to draft a fresh stimulus plan amounting to more than 2 per cent of the nation's gross domestic product, Jiji Press quoted the finance minister as saying.
The government was expected to finalize the largest-ever spending package in detail on Friday.
Tokyo - The Tokyo market opened higher Monday as investors bought mostly export-oriented issues on a weaker yen, despite a rocket launched by North Korea the previous day.
The benchmark Nikkei 225 Stock Average index advanced 200.1 points, or 2.29 per cent, to 8,949.94.
The broader Topix index of all first-section issues was up 12.49 points, or 1.5 per cent, to 843.85.
Tokyo - Tokyo stocks extended the week's positive trend Friday as hopes for a global recovery rose after the London Group of 20 summit of influential world leaders.
The benchmark Nikkei 225 Stock Average index was up 49.94 points, or 0.57 per cent, to 8,769.72 by mid-trading.
The broader Topix index of all first-section issues also rose 7.29 points, or 0.88 per cent, to 833.98.
Investors were encouraged by the reassurances of the G20 leaders to pull out all stops to kick-start the slowing global economy.
Tokyo - Stocks across the Asia-Pacific surged Thursday after Wall Street saw strong overnight gains on better-than-expected data from the US housing, manufacturing and auto sectors, suggesting the global recession could be moderating.
In Japan, the region's largest economy, the benchmark Nikkei 225 Stock Average jumped 4.4 per cent to close at 8,719.78 while the broader Topix index of all first-section issues advanced 4.14 per cent to 826.69.
Tokyo - Japan's domestic sales of new vehicles fell to the lowest in 38 years as the global economic downturn shaved off consumer appetite for cars, buses and trucks, an industry organization said Wednesday.
Sales of new motor vehicles declined 15.6 per cent in the 2008-09 business year that ended March 31 to 2,891,901 units, which was the first time the sales dropped below 3 million since 1971, the Japan Automobile Dealers Association said.
Tokyo - The Japanese government plans to draw up a supplementary budget for fiscal year 2009 with an economic stimulus package of more than 10 trillion yen (100 billion dollars), Finance Minister Kaoru Yosano said Monday.
Tokyo - The Tokyo market opened higher Monday as investors bought mostly export-oriented issues on a weaker yen, despite a rocket launched by North Korea the previous day.
Tokyo - Tokyo stocks extended the week's positive trend Friday as hopes for a global recovery rose after the London Group of 20 summit of influential world leaders.
Tokyo - Stocks across the Asia-Pacific surged Thursday after Wall Street saw strong overnight gains on better-than-expected data from the US housing, manufacturing and auto sectors, suggesting the global recession could be moderating.
Tokyo - Tokyo stocks extended its gains Thursday with key indices rising more than 3 per cent on optimistic US economic data.
Tokyo - Japan's domestic sales of new vehicles fell to the lowest in 38 years as the global economic downturn shaved off consumer appetite for cars, buses and trucks, an industry organization said Wednesday.
