Japan

Nikkei down 4 per cent on Wall Street's fall, weak machinery orders

Nikkei down 4 per cent on Wall Street's fall, weak machinery ordersTokyo  - Japan's benchmark Nikkei index lost 4 per cent by the close of morning trading Thursday after Wall Street plummeted overnight and the Japanese government's machinery orders for November showed the largest decline on record.

The Nikkei 225 Stock Average dropped 335.68 points to 8,102.77, and the broader Topix index of all First Section issues was also down 20.15 points, or 2.46 per cent, to 799.24.

Japan's core machinery orders posted a record monthly decline in November, the Cabinet Office said Thursday.

Shell explosion seriously injures man in Okinawa

Shell explosion seriously injures man in OkinawaTokyo - A shell, possibly left from World War II, exploded early Wednesday on the southern Japanese island of Okinawa, inflicting serious injury to a construction worker, media reports said.

Police were quoted as saying Jun Kohagura suffered injuries on his face when the shell, believed to have been a dud fired or dropped from an aircraft during the war, exploded. A 75-year-old man laying bed at a nearby senior home also suffered minor injury to his heels from windows that broke as a result of the blast.

Tokyo hosts international fair as Asia's fashion capital

Tokyo hosts international fair as Asia's fashion capital Tokyo - Tokyo is presenting itself as Asia's fashion capital as JFW International Fashion Fair opened at Big Sight Tokyo on Wednesday, drawing 730 companies from 15 nations and regions from around the world.

The three-day trade fair, which invites more than 30,000 visitors including buyers, provides an opportunity for the designers of fashion-related products to the global market, and also hosts a contest for up-and-coming designers.

Ireland seeks stronger business, trade ties with Japan

Ireland seeks stronger business, trade ties with Japan Tokyo - Irish Prime Minister Brian Cowen on Wednesday urged Japan to make a stronger business and trade commitment to Ireland amid the global financial crisis, news reports said.

Cowen brought with him a trade mission of about 70 companies from Ireland to Tokyo for a six-day visit, along with Irish Trade and Commerce Minister John McGuinness.

"Ireland has a strong economic future beyond the present temporary difficulties by trying the right policies now," Cowen was quoted by Kyodo News Agency as saying at a press conference in Tokyo.

Tokyo stocks up; gains capped due to lingering economic concerns

Tokyo stocks up; gains capped due to lingering economic concerns Tokyo  - Tokyo stocks opened higher Wednesday but gains were limited due to lingering economic concerns.

The Nikkei 225 Stock Average gained 68.11 points, or 0.81 per cent, to 8,482.02.

The broader Topix index of all First Section issues was also up 11.29 points, or 1.39 per cent, to 825.41.

On the currency markets at 9 am (0000 GMT), the dollar was quoted at 89.35-40 yen, up from Tuesday's 5 pm quote of 89.25-28 yen.

Nissan goes "green" with eco-friendly paint

Nissan goes "green" with eco-friendly paintTokyo - Japanese carmaker Nissan aims to reduce the negative environmental impact of the factory painting process with a new generation of water-based colour coatings. The paints will also be available in Japan as aftermarket products.

According to Nissan, the new paint formula contains half the amount of volatile organic compounds such as formaldehyde and toluene that are used as paint solvent or adhesive agents. The new technology results in reduced CO2 emissions, cuts energy consumption and significantly reduces waste.

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