TMCnet News
Kyodo economic news summary -5-+(Japan Economic Newswire Via Thomson Dialog NewsEdge)TOKYO, Feb. 3_(Kyodo) _ ---------- Moody's upgrades Shinsei Bank ratings TOKYO - Moody's Investors Service said Friday it has upgraded its ratings on Shinsei Bank with a positive assessment of Shinsei's strategy to create unique and more solid franchises in Japan. The U.S. rating agency has raised Shinsei's financial strength rating to D+ from D, the long-term deposit and senior unsecured ratings to A3 from Baa1 and the senior subordinated debt rating to Baa1 from Baa2. The outlook for all the ratings is given as stable. ---------- Dollar trades around mid-118 yen in Tokyo ahead of U.S. jobs data TOKYO - The U.S. dollar moved mostly around the mid-118 yen line Friday in Tokyo in technically-driven trade, with dealers acting cautious ahead of the release of U.S. jobs data for January later in the day. At 5 p.m., the dollar was quoted at 118.49-52 yen, compared with Thursday's 5 p.m. quotes of 118.52-62 yen in New York and 118.37-39 yen in Tokyo. ---------- Key 10-year Japanese gov't bond yield ends at 2-month high TOKYO - The yield on the benchmark 10-year Japanese government bond rose to a near two-month high Friday amid growing market speculation that the Bank of Japan may abandon its ultra-loose monetary policy as early as this spring. In interdealer trading, the yield on the No. 276 1.6 percent issue advanced 0.035 percentage point from Thursday's close to end the day at 1.580 percent, the highest close since Dec. 12 for a benchmark yield. ---------- Yamato Holdings sees 23.50 bil. yen net loss for April-Dec. period TOKYO - Yamato Holdings Co. said Friday its group net loss came to 23.50 billion yen for the nine months to Dec. 31, due to an extraordinary loss the company posted in launching the holding company on Nov. 1. The cargo delivery and transport operator said its businesses showed a firm growth during the period, with group pretax profit rising 31.6 percent from the same period the previous year to 72.60 billion yen on revenues of 880.32 billion yen, up 6.7 percent. ---------- Livedoor stock rises for 1st time in 5 days TOKYO - Livedoor Co. stock rose Friday for the first time in five trading days, boosting its market value slightly above 100 billion yen. On the Tokyo Stock Exchange's Mothers market for start-ups, Livedoor stock rebounded 11 yen to 96 yen amid speculation that the Internet firm may become a takeover target following a recent sharp fall in the firm's market capitalization. |