Asia-Pacific News Japan

  • The dollar climbed against the euro Tuesday to two-month highs as rising U.S. Treasury yields lured investors.

  • A Tacoma pickup truck on the lot of a Toyota dealership.

    Toyota Motor edged past General Motors Corp. to become the world's biggest automaker by sales volume in 2006, leading industry paper Automotive News said.

  • Japanese wholesale prices rose slightly more than expected in May from a year earlier, with gains spreading to more products, reaffirming expectations of an interest rate hike in the third quarter, most likely in August.

  • The dollar rose to 3-1/2-month highs against the Swiss franc on climbing U.S. Treasury yields, while investors for the moment brushed aside implications of the Reserve Bank of New Zealand's first market intervention in 22 years.

  • Shares of electronics maker Kenwood jumped as much as 10% on Monday on news it has resumed talks with Matsushita Electric Industrial to buy a stake in JVC after a deal with private equity firm Texas Pacific Group fell through.

  • Japan's economy expanded by 0.8% in January-March from the previous quarter, revised data showed on Monday, faster than the preliminary reading of 0.6% growth and matching market expectations.

  • Jason Trennert, chief investment strategist for Strategas Research Partners, told CNBC’s “Squawk on the Street” that he believes the market will move higher despite the recent downdraft.

  • The dollar rose broadly to a two-month high on Friday as surging U.S. Treasury yields widened their advantage over other major government bonds and amid sharply reduced expectations for interest rate cuts by the Federal Reserve.

  • Japanese machinery orders rose less than expected in April from March, doing little to dispel worries that corporate capital spending may be losing steam.

  • The dollar strengthened broadly as a rise in U.S. Treasury yields above 5% boosted demand for the U.S. currency, while news that North Korea fired short-range missiles off its coast hurt the yen.

  • Big business is on the back burner at the Group of Eight summit. Instead of focusing on concerns about hedge funds, fluctuating currencies and better transparency in financial dealings, the world's eight wealthiest nations are putting their full focus on climate change and watching to see if a new spat between the U.S. and Russia could develop into another cold war.

  • Fading prospects of a rate cut by the Fed and no signs from the European Central Bank that it would continue to tighten monetary policy beyond 2007 lifted the dollar against the euro.

  • The dollar  fell against the euro and yen on Tuesday, dipping below key technical levels after Federal Reserve Chairman Ben Bernanke said the ailing U.S. housing sector may remain a drag on economic growth.

  • The dollar declined broadly as the U.S. currency failed to extend gains after last week's robust jobs data, while demand for currencies linked to rising interest rates strengthened.

  • Japanese firms' capital spending in January-March rose slightly more than expected from a year earlier to a record high, a sign that corporate-sector strength continues to underpin a steady economic recovery.

  • The dollar rose to a seven-week high against the euro, on track for a fifth consecutive week of gains, as strong U.S. jobs and manufacturing data damped expectations of a Federal Reserve interest rate cut this year.

  • Japanese Prime Minister Shinzo Abe named a new farm minister on Friday, four days after a scandal-tainted predecessor committed suicide, as opposition parties turned the heat up over mismanaged pensions and scandals.

  • The dollar touched a three-month peak against the yen after a strong report on business activity in the U.S. Midwest, but it failed to sustain gains before key payrolls data due on Friday.

  • The dollar rose to a seven-week high against the euro as minutes from the Federal Reserve's last meeting reiterated policy-makers' view that inflation remains a top concern.

  • Japan's industrial production unexpectedly fell in April from the previous month, adding to concern that output growth may be losing momentum on a slowdown in U.S.-bound exports, and nudging up euroyen futures.