Tokyo - Stocks in Tokyo rose in Wednesday morning trading after the US Federal Reserve cut interest rates to a record low, but a strengthening yen moderated the gains.
The benchmark Nikkei 225 Stock Average was up 91.14 points, or 1.06 per cent, at 8,659.16.
The broader Topix index of all first-section issues also rose 7.51 points, or 0.91 per cent, to 836.13.
On currency markets at 9 am (0000 GMT), the dollar was quoted at 88.73-78 yen, dipping from Tuesday's 5 pm quote of 90.29-30 yen.
Tokyo - Subaru on Tuesday quit the world rally championships (WRC) just 24 hours after fellow-Japanese company Suzuki, like them citing the global economic crisis.
Subaru won three straight world rally constructors titles 1995-1997 and three drivers titles from Britons Colin McRae (1995) and Richard Burns (2001) as well as Petter
Solberg of Norway (2003).
But the the grim economic outlook now forced Subaru out of the rally world championship after 19 years with 47 race wins.
Tokyo - French fashion house LVMH Moet Hennessy-Louis Vuitton SA has abandoned its plans to open a flagship store in Tokyo's ritzy Ginza district as the global financial crisis hits Japan's booming luxury market, a newspaper reported Tuesday.
Declining sales were cited as the reason for scrapping plans to open the Louis Vuitton store in 2010 in a 12-storey building in one of the world's most luxurious shopping areas, Japan's Nikkei, its leading financial newspaper, reported without citing sources.
The store would have been one of the largest Louis Vuitton shops in the world and could have competed in size with the brand's main store in Paris.
Tokyo - Stocks in Tokyo fell Tuesday after a drop in US industrial production and overnight declines on Wall Street.
The benchmark Nikkei 225 Stock Average declined 96.64 points, or 1.11 per cent, to close at 8,568.02.
The broader Topix index of all first-section issues also was down 18.31 points, or 2.16 per cent, at 828.62.
Investors were also cautious, traders said, as they await the results of a US Federal Reserve meeting later Tuesday. The central bank was expected to further slash interest rates.
Tokyo - Japan's largest automaker, Toyota Motor Corp, is implementing a series of cost-cutting measures to weather the global financial crisis and its resulting fall in car sales.
Toyota has put a project to develop a diesel motor with Isuzu Motors Ltd on ice, Japanese media reported Tuesday, citing informed sources.
The engine was to be used in small cars for the European market.
Tokyo - Nissan Moto
Tokyo - Stocks in Tokyo rose in Wednesday morning trading after the US Federal Reserve cut interest rates to a record low, but a strengthening yen moderated the gains.
Tokyo - Subaru on Tuesday quit the world rally championships (WRC) just 24 hours after fellow-Japanese company Suzuki, like them citing the global economic crisis.
Tokyo - Stocks in Tokyo fell Tuesday after a drop in US industrial production and overnight declines on Wall Street.
Tokyo - Japan's largest automaker, Toyota Motor Corp, is implementing a series of cost-cutting measures to weather the global financial crisis and its resulting fall in car sales.
