Japan

Japan logs first annual trade deficit in 28 years

Japan's economyTokyo- Japan's trade balance for fiscal 2008 marked the first deficit in 28 years due to rises in commodity prices and slower exports to the United States and other major economies, the Finance Ministry said Wednesday

The nation's trade deficit logged 725.32 billion yen (7.38 billion dollars) in fiscal 2008 that ended in March, the ministry said.

Japan last registered a trade deficit in 1980, when the balance was skewed by soaring crude oil prices.

Tokyo stocks down ahead of earnings reports

Tokyo stocks down ahead of earnings reportsTokyo - Tokyo stocks ended Wednesday morning trading down as investors retreated to the sidelines ahead of earnings reports.

The benchmark Nikkei 225 Stock Average dipped 1.7 points, or 0.02 per cent, to 8,709.63.

The broader Topix index of all first-section issues was also down 1.72 points, or 0.21 per cent, at 829.

On currency markets at 9 am (0000 GMT), the dollar traded at 98.50-55 yen, up from Tuesday's 5 pm quote of 98.01-02 yen.

Japan Supreme Court upholds death sentence for curry murders

JapanTokyo- Japan's Supreme Court on Tuesday upheld the death sentence of a woman convicted of killing four people and sickening dozens of others with arsenic in 1998.

Masumi Hayashi, 47, was convicted of murder for poisoning a curry stew served at a community festival in the western city of Wakayama in 1998. Four people died including a 10-year-old child and a 16-year-old girl, while 63 others still suffer from aftereffects of arsenic.

Tokyo stocks lose 3 per cent on Wall Street fall, stronger yen

Tokyo stocks lose 3 per cent on Wall Street fall, stronger yen Tokyo - Tokyo stocks lost more than 3 per cent Tuesday morning on Wall Street's overnight falls and the yen's advance against the US dollar.

The benchmark Nikkei 225 Stock Average plunged 299.06 points, or 3.35 per cent, to 8,625.69.

The broader Topix index of all first-section issues was down 28.12 points, or 3.31 per cent, at 820.18.

Tokyo investors dumped mostly export-oriented issues, as a stronger yen whittles the earnings of Japanese firms.

Stronger yen leads to selling of exporters at Tokyo market

Stronger yen leads to selling of exporters at Tokyo market Tokyo  - Tokyo stocks fell Monday morning as exporters were hurt by the yen's rise against the US dollar and concerns spread ahead of earning reports season for Japanese firms.

The benchmark Nikkei 225 Stock Average lost 85.29 points, or 0.96 per cent, to 8,822.29.

The broader Topix index of all first-section issues was also down 6.52 points, or 0.77 per cent, at 839.05.

On currency markets at 9 am (0000 GMT), the dollar traded at 99.32-37 yen, down from Friday's 5 pm quote of 99.39-41 yen.

Pak needs more aid to pre-empt global terror strikes from its soil: Holbrooke

PakistanTokyo, Apr. 16 : The US Special Envoy to Pakistan and Afghanistan Richard Holbrooke has said that the international community should ensure giving more financial aid to Pakistan, as the terrorist groups based on its soil are on the verge of carrying out attacks around the world.

Addressing delegates at the donors’ conference here in which countries have pledged five billion dollars for Pakistan as aid, Holbrooke said the world must keep supporting the country.

“The terrorists in western Pakistan are planning other attacks around the world. So, we should remind ourselves that the problem is far from over,” The News quoted Holbrooke, as saying.

Pages