JAPAN

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Japan meets budget targets but faces hurdles

Japan's government has managed to meet caps on spending and new bond issuance in compiling a budget for the year from next April, the finance minister said on Friday, as the government struggles to mend tattered public finances.

Boeing says 787 flight tests to resume

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Boeing Co said it would resume tests for the carbon-composite 787 Dreamliner later on Thursday after it made design changes following an electrical fire on a plane last month.

Gold price in Euro risen by 38 percent in 2010

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The Gold Price in Euros has risen more than 38% so far in 2010. The Gold Price in Swiss Francs has also hit record highs. It looks as if the SNB will have to revoke its decision to stop intervening, says Steven Barrow, chief currency strategist at Standard Bank in London today.
A customer looks at laptops at a Dell outlet in Beijing December 13, 2010.

How will China's economy perform in 2011?

As the global economy is entering arguably another tumultuous year, spotlight is sharply on the prospects, policies and risks of China's economy, which has all but sailed past Japan's as the world's second largest after the United States.
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Investors enter 2011 in bullish mood: Reuters poll

Investors are entering 2011 in a relatively bullish mood, raising equity holdings to a 10-month high, increasing exposure to high-yield credit and cutting back on government debt, Reuters polls showed on Wednesday.

Is South Korea's live-fire mega drill a futile exercise?

US diplomats in Washington once dubbed North's Korea's military drills as 'fish-killing' activities. Yet the South, backed by the Obama administration, has been continuously holding live-fire drills in the disputed zone of the Korean Peninsula. With a continual military activity, the coming months could only witness a deteriorating situation in the peninsula, unless both sides are pressured to engage in a dialogue.
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Tennessee region gets its first Nissan Leaf

After a San Francisco Bay Area resident became the first in the United States to receive the delivery of all electric Leaf, Nissan Motors on Wednesday carried out its first Leaf delivery in the Tennessee region.

What IHS predicts for global economy in 2011

Contrary to the prevailing view, the U.S. economy will gain growth momentum in the year ahead, while GDP will grow stronger in Europe and Japan, research firm IHS Global Insight has said in its forecast for 2011.
 Toyota Motor to recall 51,000 Tundra trucks

Toyota Motor aims 7.7 mln vehicle sales in 2011

Toyota Motor Corp on Tuesday said that it expects to sell 7.7 million vehicles worldwide next year, up 3 percent from 2010, by tapping emerging markets Asian markets, such as China and India.
Bank of Japan Governor Masaaki Shirakawa enters a room for a news conference at the Bank of Japan in Tokyo

Japan sees bleak export conditions

Japan's economic recovery seems to be pausing, though there are signs of a moderate recovery, the Bank of Japan said in a statement on Wednesday.
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Futures flat after big run-up

Stock index futures were flat on Wednesday after fours days of gains drove the S&P 500 to new highs, leaving the index near levels reached just before Lehman Brothers went bankrupt two years ago.
Eighty-nine year-old village elder and World War II veteran Clifton Jackson talks about being the first citizen in the nation to be enumerated for the 2010 Census in his home in Noorvik, Alaska.

Census: US growth rate slows

There are now 308.7 million people in the United States, or 308,745,538 persons to be more exact as of April 1, 2010, according to the U.S. Census Bureau, which released the 2010 Census data today.
Bank of Japan Governor Shirakawa bows to greet reporters after a news conference at the BOJ headquarters in Tokyo

BoJ continues to keep interest rates at zero

The Bank of Japan (BoJ) continued to keep interest rates steady between zero and 0.1 percent as the economic recovery seems to be faltering in Japan and the yen grows weaker against the U.S. dollar.
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Adobe outlook beats forecasts, shares surge

Adobe Systems Inc issued an earnings forecast sharply above Wall Street projections, contrasting sharply from a pessimistic outlook three months ago when it was concerned about the weak economy.
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Adobe outlook beats forecasts

Adobe Systems Inc issued an earnings forecast sharply above Wall Street projections, contrasting sharply from a pessimistic outlook three months ago when it was concerned about the weak economy.
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Euro slips on Moody's Portugal review

The euro pared gains on Tuesday after Moody's put Portugal on review for a possible downgrade, while world stocks rose, driven by bargain-hunting investors betting on stronger global growth next year.
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BOJ holds fire, Shirakawa may assure on bond yields

The Bank of Japan kept monetary policy on hold on Tuesday but warned of weakening factory output and business sentiment, assuring markets that it was focusing on downside risks to growth that may trigger further easing ahead.
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BOJ stands pat on policy, warns on output fall

The Bank of Japan kept monetary policy steady as widely expected on Tuesday, holding off on easing as it scrutinizes how escalating debt woes in Europe and a U.S.-driven rise in bond yields affect Japan's fragile economy.
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Asia shares tick up, dollar unchanged

Japan's Nikkei share index <.N225> rises 0.7 percent as investors pick up bargains after recent price falls, but volume is low on absence of foreign buyers.

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