|
Kyodo economic news summary -4-+
(Japan Economic Newswire Via Acquire Media NewsEdge) TOKYO, Sept. 5_(Kyodo) _ ---------- Japan fails to meet FY 2007 rice import quota required by WTO
TOKYO - Seiichi Ota, Japan's farm minister, said Friday that Tokyo was unable to meet in the year ended March the "minimum access" quota of rice imports required under World Trade Organization rules.
At a press conference, Ota attributed the failure, the first since 1995 when the import requirement kicked in, to a spike in commodity prices worldwide.
---------- Kajima reveals fraudulent transactions at trading unit
TOKYO - Kajima Corp. said Friday its Taiko Trading Co. unit is suspected of conducting fraudulent circular transactions to inflate revenues.
The large Japanese contractor said its group profit may be trimmed by 7 billion yen due to these illegal transactions.
---------- Pioneer to withhold interim dividend payments for fiscal 2008
TOKYO - Pioneer Corp. said Friday it plans to withhold interim dividend payments due to poor business performance for fiscal 2008 ending in March 2009.
Pioneer forecast in late July that the company would log a consolidated net loss of about 19 billion yen and a pretax loss of 7.5 billion yen on sales of 780 billion yen for fiscal 2008.
---------- Sunny Side Up debuts strongly on OSE's Hercules market
OSAKA - Sunny Side Up Inc., a public relations company with clients including well-known athletes like Olympic gold-medal swimmer Kosuke Kitajima, made a strong debut Friday on the Osaka Securities Exchange's Hercules market for start-up companies.
Sunny Side Up stock went limit-up to finish at 3,160 yen, although it started its first-day trading on a somewhat weak undertone, fetching an initial quotation of 2,760 yen, 40 yen below its initial public offering price.
---------- Tokyo stocks plunge over 2% as global economic worries mount
TOKYO - Tokyo stocks plunged over 2 percent Friday, with key indexes falling to their lowest levels since mid-March, on mounting worries about the global economy.
The 225-issue Nikkei Stock Average lost 345.43 points, or 2.75 percent, from Thursday to 12,212.23. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 30.81 points, or 2.56 percent, to 1,170.84.
---------- Dollar falls to 105 yen level on worsening U.S. employment conditions
TOKYO - The U.S. dollar briefly dropped to a one-and-a-half-month low in the 105 yen range in Tokyo on Friday on selling sparked by deteriorating U.S. employment conditions.
The euro hit a 10-and-a-half-month low against the dollar and a 13-month low against the yen on an increased bleak economic outlook for Europe after the European Central Bank slashed its eurozone growth forecast for this year and next year.
---------- Key 10-year JGB yield falls after drop in Nikkei index
TOKYO - The yield on the benchmark 10-year Japanese government bond fell sharply Friday as investors fled to safe-haven bonds following a tumble in the key Nikkei stock index.
In interdealer trading, the yield on the No. 296, 1.5 percent issue lost 0.050 percentage point from Thursday's close to 1.460 percent.
Copyright ? 2008 Kyodo News International, Inc.
[ Back To TMCnet.com's Homepage ]
|
INDUSTRIES
Activate Email 
Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO East, January 20-22, 2010. Miami, FL.
