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Asia Top News and Analysis Japan

  • *JP Morgan climbs after earnings, Wells Fargo due. NEW YORK, Oct 12- U.S. stock index futures were higher on Friday, indicating the S&P 500 may crimp its worst weekly decline since early June, after robust earnings from JP Morgan and ahead of data on consumer confidence and inflation.

  • *JP Morgan climbs after earnings, Wells Fargo due. NEW YORK, Oct 12- U.S. stock index futures were higher on Friday, indicating the S&P 500 may crimp its worst weekly decline, after robust earnings from JP Morgan and ahead of data on consumer confidence and inflation.

  • SINGAPORE, Oct 12- The Asian naphtha price and margins ended the week at a three-session low of $985 a tonne and $123.03 a tonne respectively to mirror the fall in European values as gasoline demand softened. "The fall in margins today was a reflection of the gasoline market in Europe," said a Singapore- based trader.

  • TOKYO, Oct 12- Bundesbank President Jens Weidmann, who has been at odds with the German government over its support of ECB bond-buying, pulled out of a news conference with Finance Minister Wolfgang Schaeuble on Friday for the second time in less than a month.

  • *FTSE 100 down 0.1 percent. LONDON, Oct 12- Britain's FTSE 100 eased on Friday, with a second profit warning in a week from the engineering sector underscoring concerns about the health of third quarter earnings in the face of slowing global and domestic demand. ,pushed other engineering companies to the top of the FTSE 100 fallers list.

  • TOKYO-- The utility behind Japan's nuclear disaster acknowledged for the first time Friday that it could have avoided the crisis.

  • The U.S. has pledged $50 million, Britain $25 million, Saudi Arabia $25 million and Japan and France $12 million each. The group also announced that Yemen was joining the Arab Spring countries participating in the Deauville Partnership, which also include Egypt, Tunisia, Jordan, Morocco and Libya.

  • TOKYO, Oct 12- Softbank Corp chief Masayoshi Son told reporters last week he decided to buy a smaller rival for $1.84 billion on an impulse- small change for someone who Forbes estimates lost $18 billion in the dotcom bust, but an unusual move in staid Japan.

  • LONDON-- Stocks drifted lower Friday after big gains the day, when U.S. jobs figures came in stronger than expected, and as investors awaited earnings from major banks, starting with JP Morgan Chase& Co..

  • The money came on the initiative of the " Deauville Partnership," which was formed after uprisings last year in Tunisia, Egypt and Libya ended decades-long dictatorships. The partnership includes the Group of Eight major nations as well as oil producers from the Middle East, including Saudi Arabia and Kuwait.

  • --Chubu Electric and Shikoku Electric, operators of the Hamaoka and Ikata nuclear power plants, continue to face increasing operational and financial risks following the March 2011 disaster at TEPCO's Fukushima No. 1 nuclear plant.

  • TOKYO, Oct 12- The value of Japanese mutual fund market rose for a fourth straight month in September as healthy investment gains, partly due to a modest recovery in share prices, helped offset the market's first net outflow since February, an industry body said on Friday.

  • TOKYO, Oct 12- The value of Japanese mutual fund market rose for a fourth straight month in September as healthy investment gains, partly due to a modest recovery in share prices, helped offset the market's first net outflow since February, an industry body said on Friday.

  • TOKYO, Oct 12- Chubu Electric Power Co, Japan's third-biggest power utility, has signed a second long-term contract to buy liquefied natural gas from its main supplier Qatargas for 15 years from 2013 to ensure stable supplies.

  • TOKYO, Oct 12- China's yuan currency is near equilibrium and the central bank has dramatically reduced foreign exchange market intervention, the deputy governor of the People's Bank of China said on Friday. "I am glad to report to you that the renminbi exchange rate is very close to its equilibrium level," Yi Gang said at a conference in Tokyo.

  • SINGAPORE, Oct 12- South Korea's YNCC has bought around 75,000 tonnes of open-spec naphtha for second-half November delivery at premiums of about $13.50- $14.00 a tonne to Japan quotes on a cost-and-freight basis, traders said on Friday.

  • Weekly applications for unemployment aid fell to their lowest since February 2008, the U.S. government said Thursday. "I think you need to wait for a few months to see more figures to confirm the jobs recovery in the U.S.," said Francis Lun, managing director of Lyncean Holdings in Hong Kong. Britain's FTSE 10 dropped 0.2 percent to 5,815.68.

  • ISTANBUL, Oct 12- Turkey's lira firmed and stocks hit a 17- month high on Friday on hopes of a credit rating upgrade, although central bank comments that inflation was set to remain above target dampened some investor enthusiasm. "Turkey has a positive scenario.

  • TOKYO, Oct 12- For highlights from the International Monetary Fund and World Bank semiannual meetings, and related events click on:.

  • *Tokyo Gas says oil-indexation "not rational". Producers BG Group, Russia, Norway and Qatar regard them as cornerstones of the business. Tokyo Gas, Japan's single biggest importer of oil-linked, called the global gas pricing mechanism "not rational" in light of cheap U.S. gas exports expected to flood markets by 2016..