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Asia Top News and Analysis Japan

  • *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.

  • MELBOURNE, Oct 10- Australian shares slipped 0.3 percent on Wednesday, pulling back from 14- month highs after the IMF cut its growth forecasts for a second time, sending shares around most of the region lower. climbed 6 percent to $117.20 a tonne, its highest since Aug. 1, according to data provider Steel Index, taking gains to 12.5 percent over the past two days.

  • BANGKOK-- Worries about Europe's debt crisis, signs of weak global growth and expectations of lower U.S. corporate earnings sent most Asian stock markets down Wednesday.

  • The yield on Turkey's two-year benchmark bond. A reduction in natural gas exports from Iran would not have much impact on world energy markets, but could hurt Turkey and part of Azerbaijan, according to a U.S. report due to be released on Tuesday.

  • * "The jobs data last week was good, and some recent U.S. indicators have shown signs of strength, but there are many other factors," said Ayako Sera, senior market economist at Sumitomo Mitsui Trust Bank in Tokyo. *Federal Reserve Vice Chairwoman Janet Yellen emphasized in a speech in Tokyo that the central bank remains committed to its easy policy.

  • PARIS, Oct 10- Below are company-related news and stories from French and Benelux media which could have an impact on the region's markets or individual stocks. CAC40 futures are 0.4 percent lower at 0649 GMT PEUGEOT.