Tokyo - Japan posted a trade deficit of 63.9 billion yen (661 million dollars) in October as Japanese exports fell with the global financial crisis and the yen's continued strength against other currencies, the Finance Ministry said.
Exports in October declined 7.7 per cent to 6.92 trillion yen from the same month a year before, posting the largest fall since December 2001, when exports fell 14.5 per cent.
Imports rose 7.4 per cent to 6.99 trillion yen on rises in crude oil, coal and liquefied natural gas prices.
Tokyo - Sumitomo Mitsui Financial Group Inc announced a plan Wednesday to increase its capital by issuing preferred subscription securities and establishing a wholly owned subsidiary in the Cayman Islands.
The group, one of the three Japanese mega-banking groups, was expected to raise about 400 billion yen (4.14 billion dollars), according to media reports.
Sumitomo Mitsui plans to buy back about 283.75 billion yen in preferred securities issued in 1998 and 1999, which are not convertible to common shares, and redeem them on January 26.
Tokyo - As the Japanese government hopes to encourage consumption by cash handouts as part of its economic stimulus plan, concerns are spreading over whether the money would reach some of the most active consumers.
Prime Minister Taro Aso's administration decided in late October to allocate about 2 trillion yen (20.63 billion dollars) to Japan's households amid escalating global financial crisis.
Tokyo - Japan posted a trade deficit of 63.9 billion yen (661 million dollars) in October as Japanese exports fell with the global financial crisis and the yen's continued strength against other currencies, the Finance Ministry said.
Tokyo - Japan's key Nikkei 225 Stock Average fell below the 8,000 line on Thursday on concerns over the US economy.
Tokyo - Sumitomo Mitsui Financial Group Inc announced a plan Wednesday to increase its capital by issuing preferred subscription securities and establishing a wholly owned subsidiary in the Cayman Islands.
Tokyo - Mazda Motor Corp bought back 6.87-per
Tokyo - Tokyo stocks opened lower Wednesday on prolonged worries over the economic outlook.
Tokyo - As the Japanese government hopes to encourage consumption by cash handouts as part of its economic stimulus plan, concerns are spreading over whether the money would reach some of the most active consumers.
