Tokyo

Japan's foreign reserves exceed 1 trillion dollars in July

Tokyo - Japan's foreign reserves exceed 1 trillion dollars in JulyJapan's foreign reserves exceeded 1 trillion dollars at the end of July, the Finance Ministry said Thursday.

The nation's July foreign reserves rose 3.11 billion dollars from the previous month, thanks to rises in the appraisal value of the nation's foreign securities, the ministry said.

Japan held 865.27 billion dollars in foreign securities, up from 859.25 billion dollars a month earlier.

Foreign currency deposits totaled 111.68 billion dollars.

Japan's key machinery orders down 2.6 per cent in June

Tokyo - Japan's key machinery orders marked the first fall in three months in June, the government said Thursday.

Core machinery orders declined 2.6 per cent in seasonally adjusted terms in June from the previous month, the Cabinet Office said.

The figure was better than an average market expectation of a 9.9-per-cent fall.

Orders from manufacturers rose a seasonally adjusted 3.9 per cent from May to 512.3 billion yen (4.71 billion dollars), and those from non-manufacturers dropped 3.3 per cent to 603.1 billion yen.

Compared to the same month a year before, orders in June grew by unadjusted 9.7 per cent to 1.09 trillion yen.

Japan commemorates 63rd anniversary of Hiroshima nuclear bomb

Japan commemorates 63rd anniversary of Hiroshima nuclear bombTokyo  - Some 45,000 people Wednesday attended the memorial ceremony to commemorate the 63rd anniversary of the nuclear bombs dropped on Hiroshima by the United States.

Hiroshima Mayor Tadatoshi Akiba pledged at the ceremony "to do everything in our power to accomplish the total eradication of nuclear weapons."

Akiba stressed the majority of the states across the world supported the abolition of nuclear weapons, while expressing hope that the next US president would "listen conscientiously to the majority."

Japan commemorates 63rd anniversary of Hiroshima nuclear bomb

Tokyo - Some 45,000 people Wednesday attended the memorial ceremony to commemorate the 63rd anniversary of the nuclear bombs dropped on Hiroshima by the United States.

Hiroshima Mayor Tadatoshi Akiba pledged at the ceremony "to do everything in our power to accomplish the total eradication of nuclear weapons."

Akiba stressed the majority of the states across the world supported the abolition of nuclear weapons, while expressing hope that the next US president would "listen conscientiously to the majority."

Last year 170 nations voted in favour of a resolution introduced at the United Nations by Japan, calling for the abolition of nuclear weapons. Three nations, including the United States, opposed it.

Nikkei rises 2 per cent on Wall Street's overnight rebound

ToJapan Stock Marketskyo - Japan's key Nikkei 225 Stock Average rose more than 2 per cent Wednesday on the overnight rebound in the US market.

The Nikkei index rose 287.24 points, or 2.22 per cent, to 13,201.9.

The broader Topix index of all first-section issues was also up 22.22 points, or 1.78 per cent, to 1,269.93.

The Tokyo market sentiment was boosted in morning trading after the US Federal Reserve's assessment that US economic activity expanded in the second quarter helped an overnight rise on Wall Street.

Toyota to acquire full ownership of South African subsidiary

Toyota to acquire full ownership of South African subsidiary Tokyo  - Toyota Motor Corp was to gain full ownership of its South African subsidiary by late August, the Japanese company said Tuesday.

Toyota reached an agreement with its joint venture partner Wesco Investments Ltd to acquire the remaining 25-per-cent share in Toyota South Africa (Pty) Ltd, worth about
29.8 billion yen (276.3 million dollars).

By making the South African unit a wholly owned subsidiary, Toyota plans to boost local production, sales and exports, Japan's top carmaker said.

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