Business News Tokyo

  • BEIRUT, Jan 24- Lebanon and Japan have about 40 days to decide whether ousted Nissan boss Carlos Ghosn will be extradited to Japan or stand trial in Lebanon, a judicial source and a source close to Ghosn said on Thursday, following his escape from Japan last month. Japan and Lebanon have no extradition agreement and Lebanon does not typically hand over its...

  • TOKYO, Jan 24- A group of ruling party lawmakers are working on a proposal for Japan to issue its own digital currency, one of the members said, in a sign of alarm Tokyo is feeling about Facebook's Libra and China's drive to create a digital yuan. The digital currency could be a joint initiative between the government and private companies that would put Japan in tune...

  • TOKYO, Jan 24- Foreign investors are dumping derivatives contracts on Japan's TOPIX equity index but buying up individual, select company shares in a trade investors and analysts say is a vote of confidence in the earnings potential of companies. Investors outside Japan net sold TOPIX futures last week at the fastest pace in almost four months and turned net...

  • TOKYO, Jan 24- Japanese shares ended slightly higher on Friday in a see-saw session as worries about the spread of a new virus in China played tug-of-war with bets that the health crisis will boost drug makers' earnings. The markets started on a positive note as information technology and industrial equipment stocks rose following better-than-expected sales...

  • *reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/lteo? BENGALURU, Jan 24- A significant global upturn will remain elusive this year as many economies still face an array of daunting risks, despite improved sentiment from an initial U.S.- China trade deal and ebullience in financial markets, Reuters polls showed. With easy policy from central banks set to...

  • BEIRUT, Jan 23- Lebanon and Japan have about 40 days to decide whether ousted Nissan boss Carlos Ghosn will be extradited to Japan or stand trial in Lebanon, a judicial source and a source close to Ghosn said on Thursday, following his escape from Japan last month. Japan and Lebanon have no extradition agreement and Lebanon does not typically hand over its...

  • TOKYO, Jan 23- Japanese shares skidded to two-week lows on Thursday, led by commodity-related and other cyclical stocks, as heightened anxiety about the spread of a new coronavirus in China sapped confidence. Traders said a sharp slide in commodity prices, partly due to worries about China's virus outbreak, weighed on commodity-related and other cyclical...

  • TOKYO, Jan 23- Japan on Thursday raised its infectious disease advisory level for the Chinese city of Wuhan to two from one, urging its citizens to avoid non-urgent trips to the place considered the epicentre of the new coronavirus outbreak. The disease has killed 17 and infected nearly 600 people. Democratic Republic of Congo, hit by an Ebola outbreak, is the only...

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  • TOKYO, Jan 23- Tokyo shares dropped on Thursday, led by energy-related and cyclical stocks, as investors remained anxious about the spread of a new flu-like virus in China and awaited Japanese corporate earnings. Traders said a sharp slide in commodity prices, partly due to worries about China's virus outbreak, weighed on commodity-related and cyclical stocks.

  • *China to restrict gatherings in Hubei. BEIJING/ SHANGHAI, Jan 22- The death toll from a new flu-like coronavirus in China rose to nine on Wednesday with 440 confirmed cases, Chinese health officials said as authorities stepped up efforts to control the outbreak by discouraging public gatherings in Hubei province. The virus, originating in the central Chinese...

  • TOKYO, Jan 22- A lieutenant to Carlos Ghosn who is facing charges in Japan for underreporting his salary at Nissan Motor Co stands a very high chance of being acquitted, as would Ghosn had he remained in Japan to face trial, a former prosecutor said. Lawyer Nobuo Gohara, a vocal critic of what he describes as Japan's "hostage" justice system, met Ghosn in Japan on a number...

  • TOKYO, Jan 22- Japanese shares staged a modest rebound on Wednesday, as earlier investor panic about the coronavirus in China abated, although hygeine-related firms remained in demand and pressure on the tourism sector persisted. The virus, which causes a type of pneumonia, has spread to more Chinese cities including Beijing and Shanghai as the number of...

  • *China to restrict public gatherings in Hubei. BEIJING/ SHANGHAI, Jan 22- The death toll from a new flu-like coronavirus in China rose to nine on Wednesday with 440 confirmed cases, Chinese health officials said as authorities stepped up efforts to control the outbreak by discouraging public gatherings in Hubei province. As China vowed to tighten containment...

  • *China to restrict public gatherings in Hubei. BEIJING/ SHANGHAI, Jan 22- The death toll from a new flu-like coronavirus in China rose to nine on Wednesday with 440 confirmed cases, Chinese health officials said as authorities stepped up efforts to control the outbreak by discouraging public gatherings in Hubei province. As China vowed to tighten containment...

  • TOKYO, Jan 22- The yen was supported while the yuan was on the back foot on Wednesday as investors tried to assess the risk of the outbreak of a new coronavirus in China disrupting the country's economy and trade partners. The virus, which causes a type of pneumonia, has spread to cities including Beijing and Shanghai as the number of patients in China more than...

  • *Oil disruption could be offset by OPEC output- PAJ president. SINGAPORE, Jan 21- Oil prices fell nearly 1% on Tuesday as investors expected Libya's oil production to eventually resume following a force majeure declared by the oil exporter on two major oilfields amid a military blockade. "The situation in Libya provided oil prices an early boost but the rally...

  • *Oil disruption could be offset by OPEC output- PAJ president. SINGAPORE, Jan 21- Oil prices fell nearly one percent on Tuesday as investors expected Libya's oil production to eventually resume following a force majeure declared by the oil exporter on two major oilfields amid a military blockade. "The situation in Libya provided oil prices an early boost but the...

  • TOKYO, Jan 21- Japanese shares dropped on Tuesday, as investors were gripped by fears that an outbreak of a new coronavirus in China could potentially disrupt an improving economic backdrop following a U.S.- China trade deal. But if the disease spread to all of China, and the economy is affected, we might have to think about changing that scenario, "said Tatsushi...

  • *Some concern about Chinese coronavirus in Wuhan. TOKYO, Jan 21- The yen pulled ahead and the yuan fell against the dollar on Tuesday as the spread of a pneumonia-like virus in China sparked a sudden bout of risk aversion and sent Asian stocks skidding. The outbreak of the disease, which has spread from the central city of Wuhan, is still in its early stages.