Asia Top News and Analysis Japan

  • BEIJING, Oct 10- Vehicle sales in China fell 1.8 percent in September from a year earlier, as Japanese automakers' sales collapsed, adding to downward pressures from a slowing economy and rising fuel costs that have weighed on the world's biggest auto market.

  • Oct 10-=============================================================================== Summary analysis-- Sharp Corp.----------------------------------- 10- Oct-2012=============================================================================== CREDIT RATING: BB+/ Watch Neg/B Country: Japan Primary SIC: Household appliances, nec Mult. CUSIP6: 819882=============================================================================== Credit Rating History: Local currency Foreign currency 31- Aug-2012 BB+/ B BB+/ B 03- Aug-2012 BBB/A-2 BBB/A-2 03- Feb-2012 BBB+/ A-2 BBB+/ A-2 11- May-2011 A-/A-2 A-/A-2=============================================================================== Rationale.

  • BEIJING, Oct 10- Vehicle sales in China fell 1.8 percent in September from a year earlier as Japanese automakers' sales collapsed, adding to downward pressures from a slowing economy and rising fuel costs that have weighed on the world's biggest auto market.

  • BEIJING, Oct 10- Vehicle sales in China fell 1.8 percent in September from a year earlier as Japanese automakers' sales collapsed, adding to downward pressures from a slowing economy and rising fuel costs that have weighed on the world's biggest auto market.

  • TOKYO, Oct 10- Mitsubishi Motors Corp said on Wednesday that one or more shareholders had converted 5,300 preferred shares into 74.6 million new common shares at 71 yen per share, or worth 5.3 billion yen since the start of October.

  • *Toyota falls on vehicle recall, China sales slump. *Tokyo Electron rises after Q2 orders beat expectations. TOKYO, Oct 10- Japan's Nikkei average shed 2 percent to hit a two-month closing low on concerns that coming corporate earnings will be hurt by sluggish global growth, as the IMF cut its forecasts for the second time since April.

  • TOKYO-- Toyota Motor Corp. is recalling 7.43 million vehicles in the U.S., Japan, Europe and elsewhere around the world for a faulty power-window switch _ the latest, massive quality woes for Japan's top automaker.

  • TOKYO Oct. 10, 2012-- Standard& Poor's Ratings Services today assigned its' A+' debt ratings to the 29th and 30th series of domestic unsecured straight bonds issued by Development Bank of Japan Inc.. Because of its critical policy role, we believe DBJ has an "extremely high" likelihood of receiving extraordinary support from the government of Japan.

  • KUALA LUMPUR, Oct 10- The founders of Malaysia's AirAsia Bhd, Tony Fernandes and Kamarudin Meranun, are set to kick off an initial public offering spree in 2013 with three listings worth more than $500 million.

  • Oct 10- Fitch Ratings has affirmed The Dai-ichi Life Insurance Company Limited's Insurer Financial Strength Rating at' A' and its Long-Term Issuer Default Rating at' A-'. The company's surrender and lapse rate was stable at 4.69% at end-March 2012 and remains the lowest among domestic peers.

  • PARIS, Oct 10- European stocks are set to fall on Wednesday, losing ground for the third straight session on mounting worries over corporate results as the earnings season gets under way. ,for Germany's DAX and for France's CAC were down 0.1-0.4 percent. Late on Tuesday, U.S. aluminium major Alcoa.

  • *Newcrest Mining slips 1.3 percent as bullion weakens. MELBOURNE, Oct 10- Australian shares pulled back from 14- month highs on Wednesday as lower growth forecasts for China and other regional economies by the International Monetary Fund wiped off gains made by miners on higher iron ore prices.

  • TOKYO, Oct 10- Japan's Toyota Motor Corp will voluntarily recall 7.4 million vehicles globally, including certain Vitz, Yaris and Corolla models, due to malfunctioning power window switches, the company said on Wednesday. The recall comes a day after Toyota reported its sales fell 48.9 percent year-on-year in China in September.

  • TOKYO, Oct 10- Japan's Nikkei average shed 2 percent to hit a two-month closing low on Wednesday on concerns that upcoming corporate earnings will be hurt by a sluggish global economy, as the IMF cut its growth forecasts for the second time since April. The Nikkei was down 173.36 points at 8,596.23 after falling 1.1 percent on Tuesday.

  • TOKYO, Oct 10- Toyota Motor Corp will recall 7.4 million vehicles globally, including certain Vitz, Yaris and Corolla models, due to malfunctioning power windows, the company said on Wednesday.

  • DIARY For South Africa corporate diary, click on For southern and South Africa diary, click on ECONOMIC EVENTS. -Reserve Bank Governor Gill Marcus speaks at Rhodes University Business School.

  • NAIROBI, Oct 10- The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. NIGERIA- President Goodluck Jonathan is expected to deliver the 2013. KENYA- Central Bank of Kenya auctions 182- day Treasury bills.

  • Financial spreadbetters expect Britain's FTSE 100. to open 24 to 25 points lower, or down 0.4 percent, Germany's DAX to open 26 points lower, or down 0.4 percent, and France's CAC-40 to open 17 to 18 points lower, or down 0.5 percent. >Wall St falls in tech-led sell-off, Alcoa up late.

  • *ZTE recovers after brokers recommend buying on weakness* China auto stocks rise on rural subsidy report By Vikram Subhedar. HONG KONG, Oct 10- China shares outperformed Asian peers and inched higher on Wednesday led by brokers and oil producers for a second straight day on hopes that Beijing will take more market-boosting steps.

  • TOKYO, Oct 10- Toyota Motor Corp will recall 7.4 million vehicles globally, including certain Vitz, Yaris and Corolla models, due to malfunctioning power windows, the company said on Wednesday.