Tokyo

Japan's industrial output down 3.5 per cent in August

Japan's industrial output down 3.5 per cent in AugustTokyo - Japan's industrial output in August logged a 3.5-per cent fall, the first in two months, the government said Tuesday.

It is the sharpest fall since the index logged a 4.3-per-cent decline in January 2001 under the current statistical format, the Ministry of Economy, Trade and Industry said in a preliminary report.

The fall was significantly lower than predicted by analysts, who expected a 2.4-per-cent decline and also lower than a
1.3-per-cent rise in July.

Japanese jobless rate swelled to 4.2 per cent in August

Japanese jobless rate swelled to 4.2 per cent in AugustTokyo - T

Tokyo stock market plummets

Tokyo Stock ExchangeTokyo - The Tokyo stock market fell sharply in early trading

India, Japan cultural ties take a leap forward with `NAMASTE INDIA’ fest

Tokyo, Sept. 29 : Cultural ties between India and Japan have taken a giant leap forward with Tokyo hosting the two-day Namaste India 2008 festival at the weekend.

Vaibhav Kant Upadhyay, the Chairman of the India Center Foundation (ICF), which organized the event in the Yoyogi-koen park of Central Tokyo on Saturday and Sunday, said the objective of the festival was to showcase India''s culture, society and economy and to provide an opportunity for the Japanese to connect with India. 

He said that the ICF has been constantly working towards creating better relations between India and Japan.

Japan's Aso vows to boost economy, follow US on foreign policy

JapanTokyo - Japanese Prime Minister Taro Aso on Monday said he would put a priority on the nation's economic recovery and an enhancement of the Japan-US alliance while mounting a challenge to the political opposition.

Aso, who assumed his post Wednesday, delivered a rare policy speech in parliament, where he confronted the opposition Democratic Party of Japan (DPJ) and called on it to hold debates on urgent issues.

The 68-year-old prime minister pledged a three-year plan to prop up the economy in the short term, achieve a government budget surplus in the medium term and institute reforms for long-term economic growth.

Japan agrees on economic partnerships with Vietnam, Switzerland

Tokyo - Japan has reached basic agreements with Vietnam and Switzerland on separate economic partnership accords, a top government spokesman said Monday.

Switzerland would be the first industrialized nation to enter such an agreement with Japan. The two nations launched talks on an economic partnership agreement (EPA) in May 2007.

With Vietnam, Japan has found basic common ground on most issues to free bilateral trade since the two nations began negotiations in January 2007, Chief Cabinet Secretary Takeo Kawamura said.

Tokyo asked both nations to reduce import tariffs on industrial materials such as automobiles and machineries.

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