Asia Top News and Analysis Japan

  • *Brent crude slips under $111 a barrel* Euro trades under $1.29, little changed from U.S. levels. LONDON, Oct 3- European shares and oil fell on Wednesday after weak data from China and Australia deepened concerns about the global economy, while the euro held steady as traders waited for Spain's next move in solving its debt problems.

  • TOKYO, Oct 3- Benchmark Japanese government bonds were supported on Wednesday, with the 10- year yield revisiting an eight-week low, as weak Chinese data and uncertainty of the timing of Spain's bailout request sapped investor appetite for riskier assets. Spain's Prime Minister Mariano Rajoy said on Tuesday a request for European aid was not imminent.

  • Demand for office space in Singapore in the third quarter of 2012 was supported by companies beyond the financial services sector, with most taking up Grade A office space below 20,000 square feet, said property consultant Colliers International.

  • MELBOURNE, Oct 3- Australian shares edged up to a 14- month closing high on Wednesday as banks and broader stocks were boosted by an interest rate cut and a weaker local dollar, enhancing export prospects. He noted markets were cautious after Spain said a request for European aid was not imminent.

  • TOKYO-- Japan is hoping the recent flare-up in friction with China will not damage the two Asian economic powers' cooperation in international finance, a finance ministry official said Wednesday.

  • TOKYO, Oct 3- Failed chipmaker Elpida Memory Inc. A committee set up by the court to examine plans involving a takeover by U.S. rival Micron Technology Inc and rival one from a group of Elpida bondholders is now expected to make a recommendation by Oct. 29, one month later than earlier estimated, Elpida said in a statement posted on its website on Friday.

  • TOKYO, Oct 3- Japan Petroleum Exploration. The country's oil and gas needs have spiked after most of Japan's nuclear power stations were shut down due to the Fukushima nuclear disaster, forcing Tokyo to spend millions of dollars more on fuel for electricity generation.

  • MELBOURNE, Oct 3- Australian shares edged up to a 14- month closing high on Wednesday as banks and broader stocks were boosted by an interest rate cut and the local dollar weakened, enhancing export prospects.

  • *Fast Retailing strong on report sales to reach 1 trln yen. TOKYO, Oct 3- Japan's Nikkei average fell to a three-week closing low on Wednesday as investors remained cautious ahead of a serious of key events this week, including policy meetings by the European Central Bank and the Bank of Japan and U.S. jobs data.

  • *China official services PMI slows. *China, South Korea on holidays. TOKYO, Oct 3- The dollar firmed while most riskier assets fell on Wednesday as data from China and Australia deepened gloom about the global economic outlook, further reducing risk appetite already hurt by uncertainty about the timing of Spain's request for a bailout.

  • TOKYO, Oct 3- Japan's Nikkei average fell to a three-week closing low on Wednesday as investors remained cautious ahead of a series of key events this week, including policy meetings by the European Central Bank and the Bank of Japan and U.S. jobs data.

  • TOKYO, Oct 3- Japan's top currency tsar repeated determination to act firmly against excessive yen gains, saying its recent movements have been one-sided and do not reflect the country's economic fundamentals.

  • TAIPEI, Oct 3- Taiwan stocks ended down 0.44 percenton Wednesday, dragged lower by defensive plays such as paper. The Taiwan dollar was up by T $0.065 to trade at T $29.32. ASIA-PACIFIC STOCK MARKET REPORTS: Japan..........

  • BANGKOK-- Asian stocks flattened out Wednesday as skittish investors waited for a key U.S. jobs report later in the week that will signal whether the world's largest economy is on the mend. The U.S. Labor Department will release employment data for September on Friday.

  • Monex Group Inc rose 2.4 percent to 12,790 yen after Deutsche Securities said it expected the holding company to break even in the three months ended September, after profit from mergers and acquisitions offsets the company's weak U.S. business.

  • Ipsen said that Inspiration Biopharmaceuticals had not raised third-party financing by the contractual deadline of Sept. 30 and that it was therefore no longer obligated to pay the additional $12.5 million in exchange for Inspiration equity. The parties continue to explore various options, Ipsen said.

  • Commodity trader Noble Group also dropped 2.3 percent to S $1.29 and Olam lost 1.5 percent at S $2.01, as data showed China's economy is likely to head for a seventh straight quarter of slowdown. 11:52 STOCKS NEWS SINGAPORE- DBS upgrades Singapore Exchange to' hold'.

  • *Flaherty expresses frustration on Europe before G7 meeting. Europe is number one, it has to be number one, because it is the clear and present danger and it remains that, "he told reporters. "Things have not gotten better in Europe, because of the lack of action," he added.

  • *Gecina falls as 2 owners file for bankruptcy. LONDON, Oct 3- European shares edged lower on Wednesday on concerns about Spain, the focal point of the regional debt crisis, and slowing global growth, with indexes keeping to recent tight trading ranges. As the market waits for Spain to request a bailout, investors have remained reluctant to commit further to equities.

  • Japan Petroleum Exploration Co Ltd climbed 4.4 percent to 3,350 yen, a five-month high, after Kyodo news agency said the company had found shale oil in Akita prefecture in northern Japan, making it the first company to begin extraction of shale domestically. **TOYOTA, HONDA RISE AFTER STRONG SEPT SALES in U.S.