Tokyo

Bank of Japan to buy subordinated loans to improve banks' capital

Bank of Japan to buy subordinated loans to improve banks' capital Tokyo - Japan's central bank on Tuesday announced it would purchase subordinated loans worth 1 trillion yen (10 billion dollars) issued by commercial banks to help improve their capital ratios, so that they can lend more money to businesses.

The Bank of Japan (BoJ) decided on the move at a policy board meeting Tuesday as funding conditions tighten in the money market before the current fiscal year ends on March 31.

German designer Sander signs deal with Japan's Uniqlo clothing

German designer Sander signs deal with Japan's Uniqlo clothingTokyo - German designer Jil Sander signed a consulting agreement with Japan's casual fashion firm Fast Retailing Co Tuesday in Tokyo.

Fast Retailing declined to disclose details of the contract, but Sander was expected to work through JS Consulting Co exclusively with the Uniqlo brand and oversee its designs for all products of men's and women's clothes.

Tokyo stocks extend gains on optimism over stimulus measures

Tokyo stocks extend gains on optimism over stimulus measures Tokyo  - Tokyo stocks on Tuesday extended their winning streak into a third day on optimism that government stimulus measures and central bank policies would pump life into the world's second-largest economy.

The benchmark Nikkei 225 Stock Average jumped 114.67 points, or 1.49 per cent, to 7,818.82.

The broader Topix index of all first-section issues was also up 10.9 points, or 1.47 per cent, at 752.59.

Tokyo stocks rise on hopes of global economic recovery

Tokyo stocks rise on hopes of global economic recovery Tokyo  - The Tokyo market ended Monday morning trading higher after the Group of 20 finance ministers and central bankers met over the weekend.

The Tokyo players bought a wide range of issues after the financial leaders of the world's largest economies vowed to combat the global recession and revive the international economy.

The benchmark Nikkei 225 Stock Average climbed 184.83 points, or 2.44 per cent, to 7,754.11.

The broader Topix index of all first-section issues was also up 21.48 points, or 2.97 per cent, at 745.78.

Japan to implement bigger economic stimulus measures

Japan to implement bigger economic stimulus measures Tokyo - Japan announced on Friday it was drafting a new 100-trillion-yen (1.03-trillion-dollar) economic stimulus package, news reports said.

Finance Minister Kaoru Yosano said the details of the package would be made public by the beginning of April.

Prime Minister Taro Aso will present the plan at a meeting of G20 leaders in London on April 2, Yosano said.

Wall Street surge buoys Tokyo's markets

Wall Street surge buoys Tokyo's marketsTokyo - Tokyo stocks rose again on Friday, buoyed by another surge on Wall Street on the New York markets.

The benchmark Nikkei 225 Stock Average gained 316.93 points or 4.4 per cent by 9:46 am, at 7,515.18.

The broader Topix index of all first section issues was also up by 17.61 points or 2.51 per cent, at 718.54.

Wall Street continued its three-day rally with the three major indices up about 4 per cent on Thursday led by General Electric and Bank of America shares.

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