Asia Top News and Analysis Japan

  • TOKYO, Oct 2- Japanese wage earners' total cash earnings rose for the first time in four months in August, government data showed on Tuesday, but the outlook is uncertain as weak global demand and a strong yen are taking a toll on the economy.

  • MELBOURNE, Oct 2- Australian shares advanced 0.5 percent on Tuesday, with investors on tenterhooks ahead of a central bank rate decision and resources stocks helped by stronger-than-expected U.S. manufacturing data.

  • TOKYO, Oct 2- Japan's monetary base jumped to a record high in September, Bank of Japan data showed on Tuesday, as ultra-easy monetary policy lead to an increase in the current account deposits that commercial banks keep at the central bank. Last month, the BOJ boosted its asset buying and loan programme, its key monetary tool, by 10 trillion yen to 80 trillion yen.

  • Shimamura Co Ltd dropped 2.4 percent to 8,590 yen after the clothing store chain reported a 3.9 percent drop in second-quarter earnings ended Aug. 20 compared with a year earlier due to higher costs.

  • SINGAPORE, Oct 2- U.S. crude eased closer to $92 a barrel on Tuesday, as concerns over the pace of economic recovery in the United States and the possibility of a recession in Europe weighed on investors. was down 14 cents at $92.34 a barrel by 2338 GMT, after settling up 29 cents at $92.48 on Monday.

  • TAIPEI, Oct 2- Taiwan stocks rose 0.36 percent on Tuesday, joining other Asian bourses in gains after an unexpected expansion in U.S. factory activity buoyed sentiment, with defensive plays such as transport. The Taiwan dollar was up by T $0.083 to trade at T $29.319. ASIA-PACIFIC STOCK MARKET REPORTS: Japan..........

  • Nexon Co Ltd jumped 9.3 percent to 1,133 yen, hitting a four-week high after the online game provider said it would acquire gloops, a social applications company, for 36.5 billion yen, a move which traders said could help boost its mobile gaming business.

  • *MSCI Asia ex- Japan steady, Nikkei opens up 0.3 pct. Markets in China, Hong Kong and India are closed for holidays on Tuesday. The MSCI index of Asia-Pacific shares outside Japan.

  • TAIPEI, Oct 2- Following are news items and media reports that may affect the Taiwan stock market. REUTERS HEADLINES> Nokia sells mapping services to Oracle. >3 M, Honeywell step up deals amid econ uncertainty.

  • TOKYO, Oct 2- The benchmark Nikkei average. Alps Electric Co Ltd slumped 10.5 percent to 360 yen, hitting a three-year low after the electronic parts maker cut its operating profit forecast by 46 percent to 11.8 billion yen for the business year ending in March, citing higher material costs and a strong yen.

  • TOKYO, Oct 2- Power demand in Japan fell 0.3 percent in September from a year earlier, marking the first year-on-year decline in two months, a Reuters calculation based on industry data showed on Tuesday.

  • MELBOURNE, Oct 2- Australian shares opened 0.3 percent higher on Tuesday, with investors on tenterhooks ahead of a central bank rate decision and resources stocks helped by stronger-than-expected U.S. manufacturing data.

  • TOKYO, Oct 2- Shares of mobile operator Softbank Corp rose 4 percent to 3,230 yen on Tuesday after it said it would acquire smaller rival eAccess Ltd in a $1.84 billion deal that steps up its fight for market share with nearest competitor KDDI Corp.

  • TOKYO, Oct 2- Japan's Nikkei share average rose at Tuesday's open after data showed U.S. manufacturing expanded in September, beating expectations, while a softer yen lent support to export-driven stocks. rose 0.3 percent to 8,826.29 while the broader Topix. stepped up 0.4 percent to 735.24.

  • *Janssen announces worldwide agreement to develop and commercialize JAK. commercialize ASP015K, except in Japan. *Janssen- entered into a license agreement with Astellas Pharma for worldwide.

  • SYDNEY, Oct 2- Australian shares are set to open higher on Tuesday, with resources stocks likely to underpin gains after data showed a surprising expansion in U.S. manufacturing in September.

  • TOKYO, Oct 2- Japan's Nikkei share average was set to rise on Tuesday after data showed U.S. manufacturing expanded in September, beating expectations, while a softer yen should lend support to export-driven stocks.

  • *Wal-Mart, Target already among MCX members. Oct 1- Retailers including Gap Inc and Bed Bath& Beyond Inc have joined a mobile payments network that intends to battle similar services from Google Inc.

  • --Delta Air Lines Inc. is issuing $1.7 billion of debt, consisting of a $1 billion B-1 term loan, $250 million B-2 term loan, and $450 million bank revolving credit. Rating Action On Oct. 1, 2012, Standard& Poor's Ratings Services assigned its' B+' issue rating and' 2' recovery rating to Delta Air Lines Inc.' s.

  • NEW YORK, Oct 1- U.S. "There was a surprise in the ISM, after Chicago on Friday a lot of people were looking to some downside risk to that number," said Richard Gilhooly, interest rate strategist at TD Securities in New York.