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  • Sony's quarterly loss balloons on mobile woes Friday, 31 Oct 2014 | 2:55 AM ET

    TOKYO— Sony Corp. says losses for July-September ballooned to 136 billion yen as the Japanese electronics and entertainment company's troubled mobile phone division reported huge red ink. Sony stuck to its forecast for the year through March 2015 at a 230 billion yen loss. Sony is struggling amid intense competition from Apple Inc. of the U.S., Samsung...

  • Japan stocks soar 5 percent, yen falls on stimulus Friday, 31 Oct 2014 | 1:41 AM ET

    SEOUL, South Korea— Japan's stock index surged 5 percent and the yen slid against the dollar Friday after the Bank of Japan unexpectedly announced new stimulus to boost a flagging economic recovery. The Bank of Japan's stimulus announcement came after economic data released in the morning showed that Japan's economy remained in the doldrums following a...

  • TOKYO, Oct 31- The yen tumbled to its lowest level in almost seven years against the dollar on Friday, as the Bank of Japan wrong-footed markets by unexpectedly easing policy further in the face of mounting evidence it would miss its inflation goal. The dollar surged more than 1 percent to a high of 110.67 yen, its best level since January 2008 after the BOJ said it...

  • TOKYO, Oct 31- Japanese stocks jumped and the yen skidded to six-year lows against the dollar on Friday after the Bank of Japan surprised markets with fresh easing steps- a move aimed at stoking inflation and recharging a fragile economic recovery. The Nikkei stock average rallied 3.9 percent after Japan's central bank said it would purchase more shares of...

  • Japan expands stimulus to spur recovery Friday, 31 Oct 2014 | 1:05 AM ET

    TOKYO— Japan's central bank expanded its asset purchases in a surprise move Friday to shore up sagging growth in the world's No. 3 economy. Japan's economic recovery remained in the doldrums in September, as household spending fell, inflation edged lower and unemployment ticked up, according to data released Friday, as the BOJ held its policy meeting.

  • TOKYO, Oct 31- Japanese government bond prices were little changed on Friday, with the recent slow but steady advance halted by sizeable gains in Tokyo shares. The market took in stride a report that Japan will approve a plan by the Government Public Investment Fund to reduce the weighting of its JGB funds to 35 percent from the current level of roughly 60 percent.

  • TOKYO, Oct 31- Japan's Nikkei share average jumped on Friday as the government prepared to approve new allocation targets for the world's largest pension fund that are expected to sharply increase its purchases of domestic stocks. Tokyo will approve on Friday targets for the $1.2 trillion Government Pension Investment Fund which aim to increase the ratio of...

  • Japan's inflation slips as jobless rate edges up Thursday, 30 Oct 2014 | 9:57 PM ET

    TOKYO— Japan's economic recovery remained in the doldrums in September, as household spending fell, inflation edged lower and unemployment ticked up. The data were released Friday as the Bank of Japan held a monetary policy meeting. As the U.S. winds down its own "quantitative easing," Japan's central bank faces pressure to increase stimulus to support growth as...

  • *Semi-annual report due 0600 GMT, Kuroda speaks 0630 GMT. TOKYO, Oct 31- The Bank of Japan is set to maintain its massive asset buying programme on Friday and keep its upbeat forecast that inflation will hit its 2 percent target next year, suggesting no further stimulus is on the horizon. "The BOJ will put on a brave face and stick to its upbeat projections as...

  • TOKYO, Oct 31- Japan's annual core consumer inflation slowed for a second straight month in September, adding to evidence the Bank of Japan will miss its 2 percent price goal even as it dismisses growing doubts about the efficacy of its money-printing programme. The 3.0 percent year-on-year gain in the core consumer price index, which excludes volatile prices...

  • Japan's government pension investment fund may announce plans to hike equity investments Friday. Charles Blankley, CIO of Gemmer Asset Management, discusses the potential market impact.

  • Wal-Mart to close 30 stores in Japan Thursday, 30 Oct 2014 | 5:29 PM ET

    Wal-Mart said it would close 30 stores in Japan, scaling back in what was once considered one of the retailer's most promising markets.

  • TOKYO, Oct 31- The Bank of Japan is set to maintain its massive asset buying programme on Friday and keep its upbeat forecast that inflation will hit its 2 percent target next year, suggesting no further stimulus is on the horizon. But with the economy barely growing and falling oil prices threatening to push inflation below 1 percent, Governor Haruhiko Kuroda...

  • Oct 30- Wal-Mart Stores Inc said on Thursday it would close 30 underperforming stores in Japan, scaling back in what was once considered one of the retailer's most promising markets and highlighting the hurdles it faces to securing growth overseas. The closures represent 7 percent of Wal-Mart's 434 stores in Japan. Wal-Mart first invested in Seiyu in 2002 and...

  • US turns up heat on Takata over air bag problem Thursday, 30 Oct 2014 | 1:39 PM ET

    DETROIT— U.S. safety regulators are ordering Japanese auto supplier Takata Corp. to provide more information about air bags that can explode and shoot shrapnel toward drivers and passengers. The National Highway Traffic Safety Administration also wants to know how many replacement parts Takata can make each day and what it has discussed with automakers...

  • Oct 30- Wal-Mart Stores Inc said on Thursday it would close 30 underperforming stores in Japan, scaling back in what was once considered one of the retailer's most promising markets and highlighting the hurdles it faces to securing growth overseas. The closures represent 7 percent of Wal-Mart's 434 stores in Japan. Wal-Mart first invested in Seiyu in 2002 and...

  • TOKYO, Oct 30- Japan's Fujifilm Holdings Corp said it was difficult to estimate the profitability of its influenza drug Avigan, which has been earmarked to fight Ebola, given the uncertainty over the spread of virus, a company executive said on Thursday. France and Guinea plan to conduct clinical trials of Avigan 200 mg tablets, made by Fujifilm group company...

  • After Fukushima, Japan gets green boom _ and glut Thursday, 30 Oct 2014 | 3:04 AM ET

    Oba, a consultant, had hoped to supplement his future retirement income in a guilt-free way and invested $200,000 in a 50 kilowatt solar-panel facility, set up earlier this year in a former rice paddy near his home in southwestern Japan. The utilities say they can't accommodate the flood of newcomers to the green energy business, throwing in doubt the future of...

  • *Accidents at Nagoya plant cut FY2014 profit by Y24 bln. TOKYO, Oct 30- Nippon Steel& Sumitomo Metal Corp, Japan's biggest steelmaker, said on Thursday its first-half recurring profit rose 1.5 percent as lower material costs boosted margins and offset appraisal losses on its high-priced stockpiles. But we are keeping our full-year forecast as accidents at the...

  • *Kiwi slides on softer New Zealand rate outlook. Spreadbetters expected a more stable start for Europe, forecasting an effectively flat open for Britain's FTSE, Germany's DAX and France's CAC. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.6 percent.