Tokyo

Japan's car exports for fiscal 2008 mark first fall in seven years

 Japan's car exports for fiscal 2008 mark first fall in seven years Tokyo - Japan's vehicle exports in fiscal 2008 that ended March 31 marked the first decline in seven years amid the global economic downturn, the Japan Automobile Manufacturers Association said Thursday.

Car exports fell 17.2 per cent during the year to around 5.6 million units, marking the second-largest fall since 1973, the group said.

In March alone, exports plunged 64.3 per cent to 228,201 units, which was the steepest drop since 1972.

Pioneer to raise 25 million dollars in fresh capital from Honda

Pioneer to raise 25 million dollars in fresh capital from Honda Tokyo - Pioneer Corp plans to raise 2.5 billion yen (25.85 million dollars) in fresh capital from one of its business partners, Honda Motor Co, the firm said Tuesday. Honda will pay 170 yen for each of Pioneer's 14.7 million new shares and to become the second-largest shareholder with a 6.54-per-cent stake after Sharp Corp, according to Japan's business daily The Nikkei.

Tokyo stocks lose 2 per cent over swine flu fears

Japan EconomyTokyo - Tokyo stocks lost more than 2 per cent to close Tuesday trading on fears of swine flu and concerns over the US economy. The benchmark Nikkei 225 Stock Average plunged 232.57 points, or 2.67 per cent, to close at 8,493.77.

The broader Topix index of all first-section issues was also down 21.11 points, or 2.53 per cent, at 811.99.

The market entered positive territory at the end of morning trading on pharmaceutical shares.

Japan urges citizens to put off Mexico trips, return home

Japan urges citizens to put off Mexico trips, return home Tokyo  - The Japanese government on Tuesday urged its citizens to postpone trips to Mexico and those who live there to return at an early date.

Prime Minister Taro Aso has set up a task force Tuesday morning and raised the alert level after the World Health Organization (WHO) upgraded the pandemic alert level to phase 4, following a swine flu outbreak in Mexico which may have caused as many as 149 deaths so far.

Phase 4 means that there is sustained human-to-human transmission of the virus in at least one country, according to the WHO.

Tokyo stocks higher on pharmaceuticals amid swine flu fears

Tokyo stocks higher on pharmaceuticals amid swine flu fears Tokyo  - Tokyo stocks ended Tuesday morning trading slightly higher on pharmaceutical issues as the swine influenza spreads to ever more countries.

The benchmark Nikkei 225 Stock Average inched up 38.51 points, or 0.44 per cent, to 8,764.85.

The broader Topix index of all first-section issues was also up 0.99 points, or 0.12 per cent, at 834.09.

Stocks opened lower Tuesday after overnight retreats in the US market and a stronger yen.

Sharp incurs net loss of 1.3 billion dollars in fiscal year 2008

Sharp incurs net loss of 1.3 billion dollars in fiscal year 2008 Tokyo - Sharp Corp incurred a net loss for fiscal 2008 after the company introduced inventory control, cost-reduction measures and structural reforms, it said Monday. The Japanese electronics company reported a net loss of 125.82 billion yen (1.3 billion dollars) the fiscal year that ended March 31, a reversal from the profit of 101.92 billion yen the previous fiscal year.

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