Recently added articles from Kyodo News International (Tokyo, Japan):
Hopes of rate cut, strong earnings lift Wall St., Dow up 190 points.
Oct 02, 2007 ... Oct. 2--NEW YORK -- Strong expectations for another interest rate cut by the Federal Reserve and solid corporate earnings combined to send Wall Street soaring Monday, with the Dow ending at its record high after briefly surging 219 points. The Dow Jones Industrial Average of 30 ...
New postal system gives chance to rethink investment choices.
Oct 01, 2007 ... Byline: Shinya Ajima Oct. 1--TOKYO -- Will there be any changes in service at post offices across Japan under the just-started process of privatizing the state-run postal system over a 10-year period? There may be few big changes in the initial stage. But Japanese ...
Lunchboxes are selling like hotcakes at service, parking areas.
Sep 28, 2007 ... Byline: Masato Inoue Sep. 28--TOKYO -- Lunchboxes featuring local produce seasoned by fancy Japanese restaurants and hotels are prompting hungry drivers and their companions to stop at service and parking areas on expressways. The Central Nippon Expressway Co. group, ...
Tokyoites appear more uncertain about economic outlook.
Sep 27, 2007 ... Sep. 27--TOKYO -- Bearish sentiment about the economy has somewhat increased among Tokyoites amid financial unrest in the wake of the U.S. subprime loan crisis, the research arm of advertising agency Dentsu Inc. said Thursday, citing the results of its bimonthly survey. The ...
Postal privatization to raise sink-or-swim issues for banks.
Sep 24, 2007 ... Byline: Shinya Ajima Sep. 24--TOKYO -- The privatization process starting next month for Japan's 136-year-old postal services may create a sink-or-swim situation for banks as 190 trillion yen ($1.65 trillion) in postal savings money could flow into the private-sector market. ...
Doha Bank enlists help from Japanese firms for planned carbon market.
Sep 20, 2007 ... Sep. 20--TOKYO -- A senior executive of Doha Bank, a major Qatari private commercial bank, on Thursday sought the cooperation of Japanese companies for a planned market in Qatar to trade greenhouse gas emission rights. Doha Bank Deputy Chief Executive Officer Raghavan ...
BOJ begins policy meet, key rate likely kept after Fed's decision.
Sep 18, 2007 ... Sep. 18--TOKYO -- The Bank of Japan started a two-day policy meeting Tuesday, with market players widely expecting no change in the central bank's key short-term rate due to the unsettled global market conditions caused by the U.S. subprime mortgage loan problem. The nine BOJ ...
Moody's sees no liquidity access problems for Japanese firms.
Sep 12, 2007 ... Sep. 12--TOKYO -- Moody's Investors Service said Wednesday the recent tighter credit conditions triggered by the U.S. subprime mortgage problem have not disrupted access to liquidity for most Japanese firms. The U.S. debt rating agency attributed the situation to Japanese firms' ...
FOCUS: Japanese expert, company struggling to conserve Borneo jungle.
Sep 12, 2007 ... Byline: Kikuyo Komesu Sep. 12--KOTA KINABALU -- An environmental expert and an enterprise from Japan are working in cooperation with locals to restore a vast extent of riverine forest in Malaysia's Sabah State on Borneo Island in an ambitious action plan that took off last ...
Retail gasoline prices drop on late summer demand fall.
Sep 12, 2007 ... Sep. 12--TOKYO -- The nationwide average of retail regular gasoline prices stood at 144.00 yen per liter as of Monday, down 0.60 yen from a week earlier, falling for the third week in a row, the Oil Information Center said Wednesday. Prices declined throughout the country as ...
Business leaders concerned about political vacuum in Japan.
Sep 12, 2007 ... Byline: Takuya Karube Sep. 12--TOKYO -- Japanese business leaders on Wednesday voiced concern about a political vacuum being created in the world's second-largest economy following Prime Minister Shinzo Abe's abrupt decision to step down less than a year after assuming the post ....
BOJ's ability to communicate with market poorest among 4 banks: poll.
Sep 10, 2007 ... Sep. 10--LONDON -- Central bank watchers believe the Bank of Japan's ability to communicate its policies to financial markets is the poorest among four of the world's major central banks, according to a recent survey conducted by a British bank. On a scale of 10, they gave an ...
China to maintain high growth even after Beijing Olympics: report.
Sep 08, 2007 ... Sep. 8--TOKYO -- China is likely to maintain high economic growth even after next year's Olympic Games in Beijing, which have already provided stimulative effects through the construction of infrastructure and sports facilities, according to a recent report by a research institute. ...
China denies fresh allegation of computer espionage.
Sep 06, 2007 ... Byline: John Duce Sep. 6--BEIJING -- China on Thursday denied allegations that its military hacked into British government computer systems, the third time in just over a week it has dismissed reports that it carried out computer espionage. Foreign Ministry ...
BOJ will find rate hike hard, Toyota Financial vice head says.
Sep 04, 2007 ... Sep. 4--TOKYO -- The Bank of Japan will find it hard to raise interest rates at its policy-setting session in September as the U.S. subprime mortgage crisis is threatening to slow down the world economy, Eiji Hirano, executive vice president of Toyota Financial Services Corp., said in a ...
China denies its military hacked into Pentagon computer system.
Sep 04, 2007 ... Sep. 4--BEIJING -- China on Tuesday dismissed allegations that its military successfully hacked into U.S. Defense Department computers. Foreign Ministry spokeswoman Jiang Yu told reporters in Beijing that the reports were untrue and that China was against any illegal hacking. ...
Credit union group studying aid for member institution in Yamanashi.
Sep 02, 2007 ... Sep. 2--TOKYO -- Shinkumi Federation Bank is considering extending financial assistance to Yamanashikenmin Shinyoukumiai, the nation's fourth-largest credit union, so that it can get back on its feet without financial help from the central government, sources close to the matter said ...
Number of IP phone users hits record high of over 15 mil. in Japan.
Aug 31, 2007 ... Aug. 31--TOKYO -- The number of subscribers to the cut-rate Internet protocol telephony service surpassed 15 million for the first time ever in Japan, jumping 26.3 percent from a year earlier to 15.27 million as of the end of June, according to government data released Friday. ...
Japan, Germany business chiefs call for enhancement of economic ties.
Aug 30, 2007 ... Aug. 30--TOKYO -- Japanese and German business leaders on Thursday proposed to Prime Minister Shinzo Abe and visiting German Chancellor Angela Merkel that Tokyo and the European Union step up their joint efforts to set up a new framework aimed at fostering trade and investment activities. ...
Japan Post to shut down ATMs on Sept. 30 ahead of privatization.
Aug 24, 2007 ... Aug. 24--TOKYO -- Japan Post said Friday all of some 26,000 automated teller machines for postal savings will be taken out of service on Sept. 30 to prepare for the privatization of postal services due to start the following day. All postal ATMs installed at post offices and ...