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Asia-Pacific News Japan

  • The U.S. Labor Department will release employment data for September on Friday. Markets in mainland China and South Korea were closed for public holidays. "Holidays in China and hesitancy ahead of Friday's US jobs report will keep market activity restrained today," analysts at Credit Agricole CIB in Hong Kong said in a report.

  • *Nifty futures on the Singapore Exchange. *Markets in China and South Korea are closed for holidays on Wednesday. *The Asian Development Bank cut most of its 2012 and 2013 growth estimates for developing Asia on Wednesday as a slump in global demand weighs on the region's powerhouses China and India and on its export-dependent economies.

  • *Fast Retailing strong, sales to reach 1 trln-Nikkei. TOKYO, Oct 3- Japan's Nikkei share average was little changed on Wednesday morning as gains for index heavyweights such as Fast Retailing Co.

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

  • Airline services company SATS Ltd will be hurt by flight cancellations on China- Japan routes, which the market has not factored in yet, UOB Kay Hian said, and lowered its target price on the stock to S $2.40 from S $2.42. 10:09 STOCKS NEWS SINGAPORE- Maybank starts Yeo Hiap Seng at' buy'. Maybank Kim Eng initiated coverage of Yeo Hiap Seng Ltd.

  • SAN FRANCISCO-- Oracle CEO Larry Ellison envisions his recently acquired Hawaiian island becoming a "little laboratory" for experimenting with more environmentally sound ways to live. Ellison's ambitions include converting sea water into fresh water on the 141- square-mile island of Lanai.

  • "Quite frankly, it's Japan- China relations," the paper quoted an official at the Tokyo branch of Agricultural Bank of China in explaining why the bank was pulling out. Sino-Japanese relations deteriorated sharply after Japan in September bought the East China Sea islets that both Tokyo and Beijing claim, sparking anti- Japan protests across the country.

  • Southeast Asia to Gain From China-Japan Spat

    Andrew Swan, Head of Asian Equities at BlackRock, says as the China-Japan row over an island dispute simmers, Southeast Asian economies will stand to gain with Japanese investments flowing into the region.

  • MELBOURNE, Oct 3- Australian shares hit a 14 month-high on Wednesday as banks and broader stocks surged after the central bank cut interest rates and the local dollar weakened, enhancing export earnings. Top banks were all higher, led by National Australia Bank. "People are rethinking everything," said Macquarie Equities division director Lucinda Chan.

  • GLOBAL MARKETS-US stocks flat, euro up as Spain bailout in focus. >Wall St slips on Spain, earnings worries. >Euro hampered by Spain; AUD bruised by rate cut.

  • TOKYO, Oct 3- Japan has decided not to extend a currency swap deal with South Korea after it expires at the end of this month unless Seoul seeks an extension, Japanese media reported on Wednesday.

  • The ADB said growth in developing Asia, which includes giant emerging economies such as India, China and Indonesia, will slow to 6.1 percent this year from 7.2 percent last year and only partly rebound to 6.7 percent in 2013. It had previously forecast growth of 6.9 percent for 2012 and 7.3 percent for 2013. The forecasts don't include Japan, an advanced economy.

  • *Fast Retailing strong, sales to reach 1 trln-Nikkei. TOKYO, Oct 3- Japan's Nikkei share average was little changed in early Wednesday trade as gains for index heavyweights such as Fast Retailing Co.

  • Toyota Motor Corp advanced 1.5 percent to 3,040 yen and Honda Motor Co gained 0.6 percent to 2,399 yen after they posted strong sales in the United States in September. Toyota reported a 41.5 percent jump year-on-year last month, while Honda logged a 30.9 percent increase.

  • Fast Retailing Co Ltd climbed 2.7 percent to 18,000 yen after the Nikkei newspaper said the operator of casual clothing chain Uniqlo could reach sales of 1 trillion yen during this business year ending August 2013, making it the first domestic apparel company to do so.

  • TAIPEI, Oct 3- Taiwan stocks rose 0.11 percent on Wednesday, with LCD makers. AU Optronics advanced 1.41 percent, after a media report that it has received 50 percent more orders for Apple's iPad Mini after improving a light leakage problem. The Taiwan dollar was up by T $0.065 to trade at T $29.32.

  • **YAMADA DENKI, K'S FALL ON REPORT OF WEAKER H1 PRETAX PROFIT**. Yamada Denki Co Ltd dropped 3.5 percent to 3,175 yen and K's Holdings Corp shed 3 percent to 1,757 yen after the Nikkei business daily said consumer electronics retailers would continue to suffer from a decline in demand after the switch was made to terrestrial digital TV broadcasts in July 2011.

  • HONG KONG, Oct 3- Hong Kong shares are set to open flat to slightly lower after a long weekend as uncertainty over the timing of Spain's request for a bailout and worries about the global economy keep investors on the sidelines.

  • *China, South Korea on holidays. TOKYO, Oct 3- The dollar firmed and most riskier assets edged lower on Wednesday as uncertainty over the timing of Spain's request for an international bailout added to worries about slowing global growth. The MSCI index of Asia-Pacific shares outside Japan.

  • TAIPEI, Oct 3- Following are news items and media reports that may affect the Taiwan stock market. REUTERS HEADLINES> Google withdraws patent complaint against Apple. and Hon Hai in 2013.-- AU Optronics.