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Asia Top News and Analysis Japan

  • LONDON-- Global markets rose Monday as investors cautiously welcomed the result of stress tests of Spain's banks and upbeat U.S. economic data and looked past the threat that Moody's might downgrade the country's debt rating to junk status.

  • *Manufacturing in euro zone and Asia wilts in Sept. By Steven C. Johnson and Andy Bruce. NEW YORK/ LONDON, Oct 1- U.S. manufacturing grew slightly last month for the first time since May but euro zone factories suffered their worst quarter since early 2009, suggesting the region may struggle to avoid recession.

  • The Dow Jones industrial average rose 118 points to 13,554 as of 1 p.m. Eastern. Stocks had already been up in morning trading, but the gains accelerated after the report was released by the Institute for Supply Management, a trade group of purchasing managers. All 10 industry groups in the S&P 500 rose.

  • *U.S. manufacturing sector expands in September* China's factory activity shrinks for 2nd month in Sept* Japan's business sentiment worsens* Euro zone manufacturing points to a new recession By Dmitry Zhdannikov.

  • LAS VEGAS-- A Brooklyn Bowl entertainment venue, a Yard House beer bar and an Asian-themed food and art marketplace are among anchor tenants coming to a master-planned complex being built at the base of a big new Las Vegas Strip observation wheel, Caesars Entertainment Corp. officials will announce Monday.

  • *Euro zone slipping into recession, China still slowing. The weak U.S. data followed surveys in the euro zone that showed manufacturing slackened in the three months to September while Asia's factories are continuing to struggle in the face of tepid demand from the United States and Europe.

  • TOKYO-- Japanese Prime Minister Yoshihiko Noda reshuffled his Cabinet for the third time this year Monday in hopes of boosting flagging public support for his government amid speculation that elections will be called in coming months.

  • TOKYO-- The fast aging of Japanese society is evident as soon as one lands at Tokyo's Narita airport and sees who is doing the cleaning. Having the world's highest percentage of older people is creating unique challenges for Japan, but a report released Monday by the U.N. Population Fund warns that they will not be unique for long.

  • *Euro zone slipping into recession, China still slowing. NEW YORK, Oct 1- Wall Street was set to start the last quarter on a higher note on Monday even as data continued to point to a slowdown in global manufacturing. The rise in futures points to a rebound from the S&P 500 index's biggest weekly drop since June.

  • Electricity for Tuesday delivery rose around 1.75 euros to 49.75 euros per megawatt hour in the over-the-counter market, trading about in line with neighbouring Germany.

  • TOKYO-- A weakening tropical storm was speeding out of Japan on Monday after bringing gale-strength winds to Tokyo and injuring dozens of people, causing blackouts and paralyzing traffic to the south and west of the capital. Japan's Meteorological Agency had warned Tokyo residents to stay indoors while Typhoon Jelawat passed Sunday night.

  • Pacific Gas& Electric Co. wants to use big air guns to emit strong sound waves into a large, near-shore area that includes parts of marine reserves to make three-dimensional maps of fault zones, some of which were discovered in 2008, near its Diablo Canyon nuclear power plant.

  • TOKYO, Oct 1- Japanese Prime Minister Yoshihiko Noda appointed as finance minister on Monday a veteran lawmaker expected to follow his line on budget reform and currency intervention in a new cabinet unveiled ahead of an election due in months.

  • BRUSSELS, Oct 1- A European Union-wide safety review of nuclear reactors is expected to be finalised later this week, and will include recommendations on additional safety measures required at some power plants.

  • *EU says Basel study lacks rigorous evidence. *Basel says Japan compliant overall with Basel III. *Basel says U.S. rules differ over securitisation.

  • The rise in futures points to a rebound from the S&P 500 index's biggest weekly drop since June.

  • *Brent Crude slips below $112 a barrel on growth fears. LONDON, Oct 1- Investors set aside worries over the growth outlook on Monday to take fresh positions in European stocks at the start of the new quarter, reassured by a report on Spanish banks that showed the sector's problems were no worse than feared.

  • LONDON, Oct 1- European shares rebounded from three-week lows on Monday in a technical rally, with price dips and the unsurprising results of a Spanish bank stress test luring investors into the market, but analysts said the bounce was unsustainable. fiscal cliff "of scheduled tax hikes and government spending cuts as well as the situation in Spain.

  • TOKYO, Oct 1- Newly appointed Japanese Finance Minister Koriki Jojima said on Monday that the yen's persistent rise does not reflect the true condition of the nation's economy. "Europe's debt crisis and heightening concerns about the U.S. economy are behind the current movements," Jojima told a news conference when asked about the currency markets.

  • NEW YORK, Oct 1- U.S. stock index futures rose on Monday at the start of a new quarter before data that could show manufacturing's contraction was slowing. *The final Markit Manufacturing PMI for September is due at 8:58 a.m., and the Institute for Supply Management's September manufacturing index is expected at 10 a.m..