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Asia-Pacific News Japan

  • *MSCI Asia ex- Japan up 0.3 pct, Nikkei recovers from 3- week low. Markets in China, Hong Kong and India are closed for holidays on Tuesday. The MSCI index of Asia-Pacific shares outside Japan.

  • *10- yr yield at 8- week low; 10- yr futures touch 8- week high. TOKYO, Oct 2- Benchmark Japanese government bonds were slightly firmer on Tuesday, with the 10- year yield falling to its lowest in eight weeks as worries about a slowdown in global growth persisted.

  • TOKYO, Oct 2- Japan's Nikkei share average inched up on Tuesday morning, buoyed by a surprisingly strong pick-up in U.S. manufacturing as well as gains for Softbank Corp after its purchase of a rival to boost its network capacity. The Nikkei inched up 21.8 points, or 0.3 percent to 8,818.38 by the midday break, with a softer yen helping exporters such as Canon Inc.

  • Oct 2- Following is the status of marine berth shipment operations at Japanese refineries after two typhoons approached Japan from last weekend to Monday, according to a Reuters survey on Tuesday. Nansei Sekiyu in Okinawa, southwestern Japan, restarted oil refining operations on Monday.

  • South Korea's Kospi rose nearly 0.3 percent to 2,001.41 and Australia's S&P/ASX 200 gained 0.6 percent to 4,413.80. Benchmarks in Singapore, Taiwan and Malaysia also rose. The better news on manufacturing helped investors set aside concerns of a possible downgrade by credit rating agency Moody's of Spain's debt rating to junk status.

  • Point Inc eased 1.7 percent to 2,897 yen after the casual clothing stores operator reported a 9.2 percentage year-on-year fall in its same-store sales in September, citing hot weather.

  • SINGAPORE Oct. 2, 2012-- The rebuilding efforts in response to the 2011 earthquake and tsunami have been giving Japan's economy a boost, but the reconstruction-fueled recovery is set to run out of steam, Standard& Poor's Ratings Services said in a report published today.

  • Softbank Corp rose 4.4 percent after the mobile operator said it would acquire smaller rival eAccess Ltd. in a $1.84 billion deal, stepping up a fight for market share with competitor KDDI Corp. eAccess was untraded with a glut of buy orders by mid-morning, while KDDI lost 2.5 percent.

  • Don Quijote Co Ltd gained 1.5 percent to 3,035 yen after J.P.Morgan raised its price target on the discount store to 3,600 yen from 3,400, citing expectations of firm profit growth in the first quarter ended September. J.P.Morgan maintained its' overweight' rating on Don Quijote.

  • Treasuries held firm in Asia on Tuesday, having easily recovered from a dip sparked by strong U.S. manufacturing data the previous day, due to uncertainty over Europe. *The market is also supported by uncertainty over Europe.

  • BANGKOK, Oct 2- Following are some company-related and market news which could have an impact on the local market. SE ASIA STOCKS-Most weak in light volume, Malaysia outperforms. STOCKS TO WATCH-- SANSIRI PCL.

  • South Korea's Kospi rose nearly 0.3 percent to 2,001.41 and Australia's S&P/ASX 200 gained 0.6 percent to 4,413.80. Benchmarks in Singapore, Taiwan and Malaysia also rose. The better news on manufacturing helped investors set aside concerns of a possible downgrade by credit rating agency Moody's of Spain's debt rating to junk status.

  • Xebio Co Ltd fell 2.2 percent to 1,555 yen after J.P. Morgan cut its price target on the apparel retailing chain to 1,800 yen from 2,000, saying it expected the firm to post weaker earnings in the second quarter ended September.

  • Japan Cabinet Reshuffle Shows Confidence in Bureaucracy: Pro

    Jun Okumura, Senior Advisor, Eurasia Group explains why he thinks Japan Prime Minister Yoshihiko Noda's picks for his new cabinet shows his confidence in Japan's bureaucracy.

  • 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..........