Tokyo

Japan to assist Jordan in nuclear energy development

Japan to assist Jordan in nuclear energy development Tokyo - Japan signed an agreement Tuesday to offer Jordan assistance in developing nuclear power plants, the Ministry of Economy, Trade and Industry said. The Japanese government agreed to help the Middle Eastern nation introduce nuclear power generation and guarantee non-proliferation of nuclear technology, the ministry said.

With Japan's support, Jordan is aiming to become self-sufficient in generating energy by 2030 and plans to begin operating a nuclear plant by 2017.

Tokyo stocks fall on worries about USfinancial sector

Tokyo stocks fall on worries about USfinancial sector Tokyo - Tokyo's markets lost ground Tuesday as investor concerns grew about the US financial sector with bank results to be released this week. The benchmark Nikkei 225 Stock Average fell 113.35 points, or 1.27 per cent, to 8,811.08.

The broader Topix index of all first-section issues was also down 10.29 points, or 1.21 per cent, at 838.68.

Japanese investors sold shares after they became concerned about Goldman Sachs Financial Group moving to raise 5 billion dollars of additional capital.

Japan fails to reach whale hunt target due to obstruction

Japan fails to reach whale hunt target due to obstruction Tokyo - Japanese whaling ships returned Monday after a so-called scientific research mission in the Antarctic Ocean with only 70 to 80 per cent of its targeted catch due to obstruction from an anti-whaling group, the Fisheries Agency said. Three vessels brought back 679 minke whales and one fin whale to the western Japanese port of Shimonoseki, compared to the planned catch of 815 to 985 animals, the agency said.

Nikkei ends morning lower ahead of USearnings report season

Nikkei ends morning lower ahead of USearnings report season Tokyo - Japan's key Nikkei 225 Stock Average ended morning trading lower Monday with investors in a wait-and-see mood ahead of US corporate earnings reports to be announced this week. The Nikkei index dipped 6.49 points, or 0.07 per cent, to 8,957.62 after briefly rising above the 9,000-points level during the morning session.

But the broader Topix index of all first-section issues was up 3.64 points, or 0.43 per cent, at 849.61.

Sumitomo Mitsui Financial to incur 3.9-billion-dollar loss

Sumitomo Mitsui Financial to incur 3.9-billion-dollar loss Tokyo - Japan's Sumitomo Mitsui Financial Group (SMFG) has announced Fridaythat it would incur losses for the previous fiscal year that ended March 31, a turnaround from earliar profit forecasts, a media report said. Sumitomo Mitsui, one of Japan's three mega-banking groups had expected a net profit in November, but it revised downward the full-year forecast amid declining stock prices and the global financial turmoil, the bank said.

Japanese government approves 154-billion-dollar stimulus plan

Japanese government approves 154-billion-dollar stimulus plan Tokyo - The Japanese government and the ruling coalition parties finalized an additional stimulus plan Friday to pull the nation's economy out of the worst recession of the postwar era. Japan's third stimulus package since September is to inject 15.4 trillion yen (154 billion dollars ), worth 3 per cent of the gross domestic product, into the world's second largest economy in what is considered the nation's largest-ever stimulus plan.

Including other non-spending measures and loan guarantees, the package totals 56.8 trillion yen.

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