Japan

Japan gifts UN members clocks as gentle reminder of punctuality

Japan gifts UN members clocks as gentle reminder of punctuality New York  - Japan gifted Seiko clocks to each of the UN Security Council members to ensure punctuality at meetings, a demand that has eluded the organization responsible for peace and security around the world.

As Ambassador Yukio Takasu on Tuesday handed the clocks to his 14 colleagues on the council, he assured them that the aim was not to promote Japanese products. The popular Seiko watches and clocks are appreciated for their accuracy and the name Seiko means precision and success.

Average work hours for Japanese employee down 0.9 per cent in 2008

tokyo, japanTokyo - Japanese workers put in an average of 1,792 hours in 2008, a fall of 0.9 per cent from a year before, the government said Tuesday.

The average work hours per employee at Japanese firms with at least five employees fell below 1,800 hours for the first time since 1990, when the government began taking data, the labour ministry said.

The average work hours shortened in the reporting year since the global recession slowed business operations, especially in the latter half of the year, the ministry said.

Hitachi's net loss expands during October-December period

Hitachi's net loss expands during October-December period Tokyo - Hitachi Ltd on Tuesday said its net loss expanded in the third quarter and it also reiterated it would incur its worst annual loss for fiscal 2008 that ends in March.

The weak performance was attributed to sales declines in semiconductors, automotive devices, industrial machinery among other products as well as the yen's surge against other currencies.

South Korea top destination for Japanese beauty shoppers

South Korea top destination for Japanese beauty shoppersSeoul - Running low on that moisturizer again? Time to stock up on cosmetics? If you are a woman and live in Japan, this may well mean a short trip to South Korea.

For many Japanese it is not so much South Korea's rugged outdoors and beautiful landscapes, but happy bargain hunting that has them hopping a plane for the one-hour flight from Tokyo to Seoul.

A beauty fad and lots of bargains place South Korea as the best place for many Japanese women to shop for cosmetics and beauty products.

Tokyo stocks end lower ahead of earnings reports

Tokyo stocks end lower ahead of earnings reportsTokyo - Stocks ended lower Tuesday in Tokyo amid a wait-and-see mood among investors ahead of corporate earnings reports and forecasts.

The benchmark Nikkei 225 Stock Average edged down 48.47 points, or 0.62 per cent, to close at 7,825.51.

The broader Topix index of all first section issues was also down 4.06 points, or 0.52 per cent, at 773.79.

Tokyo stocks open modestly higher ahead of earnings reports

Tokyo stocks open modestly higher ahead of earnings reports Tokyo  - Stocks opened slightly higher Tuesday in Tokyo amid a wait-and-see mood among investors ahead of corporate earnings reports and forecasts.

The benchmark Nikkei 225 Stock Average inched up 7.62 points, or 0.1 per cent, to 7,881.6.

The broader Topix index of all first section issues was also up 0.87 points, or 0.11 per cent, at 778.72.

Tokyo players moved to buy some shares battered during the previous day, but gains were limited because of pessimistic earnings outlooks of Japanese firms.

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