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Tokyo stocks rise modestly ahead of US bank rescue plan

Tokyo stocks rise modestly ahead of US bank rescue plan Tokyo  - Stocks rose in Tuesday morning trading in Tokyo as investors bought battered shares from the previous day's gains and the US dollar advanced against the yen.

But gains were capped in the wait-and-see mood before the US government's release of its bank rescue plan.

The benchmark Nikkei 225 Stock Average went up 15.51 points, or 0.19 per cent, to 7,984.54.

The broader Topix index of all first section issues was also up 3.4 points, or 0.44 per cent, at 782.3.

Nissan lowers full-year forecast due to yen surge, sales drop

Nissan lowers full-year forecast due to yen surge, sales drop Tokyo  - Nissan Motor Co revised downward its earnings forecast for the full fiscal year after the yen surged against other major currencies and consumer appetite for cars waned owing to the global recession, the company said Monday.

Japan's third-largest automaker after Toyota Motor Corp and Honda Motor Co estimated it would incur an operating loss of 180 billion yen (1.96 billion dollars) for fiscal 2008 that ends in March, which would be the first operating loss for Nissan in 14 years.

Japan's key machinery orders down 6 per cent in 2008

Japan's key machinery orders down 6 per cent in 2008 Tokyo  - Japan's key machinery orders fell 6 per cent in 2008 from a year before to 11.6 trillion yen (126.32 billion dollars), the Cabinet Office said Monday.

Core machinery orders, which are considered a key indicator for corporate capital spending about six months ahead, have been "drastically decreasing," the Cabinet Office said.

Japan's current account surplus down 34.3 per cent in 2008

Japan's current account surplus down 34.3 per cent in 2008 Tokyo  - Japan's current account surplus shrank by 34.3 per cent in 2008 from a year before, the fastest fall on record, because slowing exports and import growth narrowed the trade surplus, the Finance Ministry said Monday.

The nation's current account surplus dropped for the first time in three years to 16.28 trillion yen (177.26 billion dollars) in 2008. It was the largest drop since 1986, when the comparable data became first available.

Weaker yen, Wall Street rise help Tokyo stocks up

Japan protests collision between anti-whaling activsts, whaler

Japanese FlagTokyo - The Japanese government filed a protest with the Netherlands after an anti-whaling group crashed into a Japanese whaling ship Friday morning in the Antarctic Ocean, media reports said.

Japan summoned Dutch Ambassador Philip de Heer to the Foreign Ministry to demand the Netherlands take appropriate measures against its vessel for violently harassing and obstructing Japan's research whaling, Kyodo News Agency quoted Japanese officials as saying.

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