Tokyo

Japanese comic industry profits from political crisis

Japanese comic industry profits from political crisis Tokyo - Producers of Japan's manga comic books are rejoicing over the political hubbub after the surprise resignation of Prime Minister Yasuo Fukuda, a Japanese business daily said Wednesday.

Shares of animation companies shot up since former foreign minister Taro Aso, an avid fan of manga, is touted as the most likely candidate to succeed Fukuda at the helm of the Liberal Democratic Party and as prime minister.

Tokyo stocks open stronger on falling crude prices

Tokyo StocksTokyo - Tokyo stocks opened higher Wednesda

LDP General Secretary Aso to compete for party leadership

LDP General Secretary Aso to compete for party leadershipTokyo - Taro Aso, general secretary of Japan's Liberal Democratic Party (LDP) and former contender for the LDP helm, Tuesday expressed his intention to run for the party leadership in a bid to succeed outgoing Prime Minister Yasuo Fukuda.

"I have an idea of what I have to do, and I'd like to execute it," Aso said at a press conference Tuesday.

The 67-year-old hawkish politician was seen as a forerunner to succeed Fukuda when he was appointed as the premier's right-hand man last month in a Cabinet reshuffle.

Tokyo stocks open with limited gains

Tokyo Stock ExchangeTokyo - Tokyo stocks opened slightly higher Tuesday, but gains were limited due to Prime Minister Yasuo Fukuda's sudden resignation announcement the previous day.

The benchmark Nikkei 225 Stock Average rose 63.11 points, or 0.49 per cent, to 12,897.29.

The broader Topix index of all first-section issues was also up 8.1 points, or 0.66 per cent, to 1,238.74.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 108.05-10 yen, up from Monday's 5 pm quote of 107.71-73 yen.

Global slowdown spooks investors in Asia

Mitsubishi allegedly evades 38 million dollars in pork tariffs

Mitsubishi allegedly evades 38 million dollars in pork tariffs Tokyo - Major Japanese trading house Mitsubishi Corporation allegedly failed to report some 4.2 billion yen (38.62 million dollars) in tariffs on pork imports from Denmark, local media reports said Monday.

Mitsubishi allegedly reported paying more than the actual price in order to evade paying tariffs in 2005.

The government imposes tariffs on the difference in price between domestic products and imports, when the price of imported pork is lower than the standard of 524 yen per kilogram.

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