Tokyo

Wall Street's rise, weaker yen push Tokyo stocks up

Wall Street's rise, weaker yen push Tokyo stocks up Tokyo  - Stocks opened higher Monday on Wall Street's Friday rises and a weaker yen.

The Nikkei 225 Stock Average went up 62.92 points, or 0.76 per cent, to 8,293.07.

The broader Topix index of all First Section issues was up 3.04 points, or 0.37 per cent, to 820.93.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 91.19-24 yen, up from Friday's 5 pm quote of 90.29-32 yen. A weaker yen helps boost earnings of Japanese exporters and makes Japanese products cheaper overseas.

Bank of Japan calls financial conditions "severe"

Bank of Japan calls financial conditions "severe" Tokyo - Bank of Japan Governor Masaaki Shirakawa expressed concerns on Friday that "the nation's economic conditions have been deteriorating" and its financial conditions are getting "rapidly severe" in a quarterly report.

Companies have reduced production, reported lower earnings and cut capital investments as exports slowed down and yen gained strength against major foreign currencies, the bank's report said after Shirakawa met with nation's regional branch managers.

Tokyo stocks open higher on US market's rebound, weaker yen

Tokyo stocks open higher on US market's rebound, weaker yen Tokyo  - Tokyo stocks opened higher Friday on the back of an overnight rebound in the US market and a weaker yen.

The Nikkei 225 Stock Average, which lost nearly 5 per cent the previous day, advanced 101.62 points, or 1.27 per cent, to 8,124.93 in early trading.

The broader Topix index of all First Section issues was also up 9.54 points, or 1.2 per cent, to 805.53.

On the currency markets at 9 am (0000 GMT), the dollar was quoted at 89.94-99 yen, up from Thursday's 5 pm quote of 89.07-09 yen.

Tokyo springboard for Asia's young fashion designers

Tokyo  - Asia's young fashion designers are excited to expose their creations to the region's fashion capital Tokyo and eager to plant seeds for future business opportunities.

"I consider Japan as Asia's fashion capital," Pablo Mendez III of the Philippines said on Wednesday at JFW International Fashion Fair in Tokyo. "I admire the aesthetics of the way [Japanese] people put dresses together."

The Japanese capital is hosting the 19th JFW International Fashion Fair which started Wednesday, at a convention hall Big Sight Tokyo, drawing 730 companies from 15 nations and regions from around the world.

Nikkei down 4 per cent on Wall Street's fall, weak machinery orders

Nikkei down 4 per cent on Wall Street's fall, weak machinery ordersTokyo  - Japan's benchmark Nikkei index lost 4 per cent by the close of morning trading Thursday after Wall Street plummeted overnight and the Japanese government's machinery orders for November showed the largest decline on record.

The Nikkei 225 Stock Average dropped 335.68 points to 8,102.77, and the broader Topix index of all First Section issues was also down 20.15 points, or 2.46 per cent, to 799.24.

Japan's core machinery orders posted a record monthly decline in November, the Cabinet Office said Thursday.

Tokyo hosts international fair as Asia's fashion capital

Tokyo hosts international fair as Asia's fashion capital Tokyo - Tokyo is presenting itself as Asia's fashion capital as JFW International Fashion Fair opened at Big Sight Tokyo on Wednesday, drawing 730 companies from 15 nations and regions from around the world.

The three-day trade fair, which invites more than 30,000 visitors including buyers, provides an opportunity for the designers of fashion-related products to the global market, and also hosts a contest for up-and-coming designers.

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