Tokyo

Tokyo confident as IOC evaluation team looks at Olympics bid

Tokyo confident as IOC evaluation team looks at Olympics bidTokyo-Japanese Prime Minister Taro Aso pledged his government's full support for Tokyo's bid to host the 2016 Games as a delegation from the International Olympics Committee began an inspection Thursday.

"It is my earnest desire to invite young Olympians from around the world to Tokyo to experience what I felt and learned as a young athlete," Aso told the 13-member IOC evaluation team.

Tokyo stocks advance on hopes of China growth

Tokyo stocks advance on hopes of China growth Tokyo - China-related shares led the Japanese market to rise more almost 3 per cent in Thursday morning trading.

The benchmark Nikkei 225 Stock Average jumped 253.43 points, or 2.9 per cent, to 8,996.39.

The broader Topix index of all first-section issues was also up 16.67 points, or 2 per cent, at 851.92.

Investors were attracted to mainly China-related titles Thursday on hopes of the nation's economic growth.

NEC, Renesas in merger talks, report says

NEC, Renesas in merger talks, report saysTokyo  - Japan's semiconductor industry is to experience a major shake-up, as electronics companies Renesas Technology and NEC Electronics are considering to merge, a news report said Thursday.

The two companies were in talks and a deal is expected by the end of the month, the Nikkei, a business daily, reported. A merger, which is expected to go ahead by April 2010, would create Japan's largest chipmaker.

The move was to to ensure the companies' survival during the global downturn.

Japanese fleet kills 680 whales, misses target

Japanese fleet kills 680 whales, misses target Tokyo - Japan's whaling fleet failed to achieve its target but still returned to port with the meat of 680 whales on board.

The fleet's mothership, the Nishin Maru, returned Tuesday to its home port of Shimonoseki in south-western Japan after the close of the Antarctic hunting season, media reports said Wednesday.

The fleet had aimed to kill 900 minke and other whales, but Japan's Fisheries Agency said the militant, US-based environmental group Sea Shepherd hampered the hunt.

Stronger yen drags Tokyo stocks down to further losses

Stronger yen drags Tokyo stocks down to further losses Tokyo - Japanese markets extended losses Wednesday on the yen's advance against the US dollar. Investors were selling also because worries grew on the US economic outlook following weak retail sales reports in March.

The benchmark Nikkei 225 Stock Average was down 74.33 points, or 0.84 per cent, to 8,768.35.

The broader Topix index of all first-section issues declined 9.27 points, or 1.1 per cent, at 834.15.

Tokyo investors sold mainly export-oriented issues as the stronger yen affects Japanese firms' earnings.

Donors to offer 4 billion dollars to Pakistan at Japan conference

Donors to offer 4 billion dollars to Pakistan at Japan conference Tokyo - Japan aims to gather 4 billion dollars in assistance over a two-year period from member states at an international donor conference on Pakistan scheduled for Friday, while planning to make significant commitment, Foreign Ministry officials said Tuesday. The host of the one-day conference hopes that 30 participating nations and international groups would donate 4 billion dollars over two years.

Pages