JAPAN

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Armani woos Japan's shoppers with luxury playground

Japanese fashionistas queued around the block to spot celebrities and buy handbags at the opening of Giorgio Armani's new tower in Tokyo, showing that when it comes to a love for luxury labels, few can match Japan.

$100 oil in Asia adds to exports worry

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Does Asia have more to fear from rising petrol prices as crude oil hurtles towards $100 a barrel than it does from slowing growth in its biggest export market of the United States?
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Toyota profit up on weak yen

Toyota Motor Corp, the world's most profitable automaker, posted a 2.7 percent rise in quarterly operating profit thanks to a weaker yen, stronger sales and cost cuts and nudged up its full-year forecasts.
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Citigroup up in Tokyo debut after CEO quits

Shares in Citigroup Inc rose 5 percent in their debut on the Tokyo Stock Exchange on Monday, a day after the U.S. bank's head resigned to take responsibility for spiraling losses on subprime-related investments.
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Citigroup shares trade higher in Tokyo debut

Shares in Citigroup Inc rose 5 percent on their first trading day in Tokyo on Monday, in a new exchange listing designed to boost the U.S. bank's presence in Japan but which coincides with the departure of its CEO.
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Shares fall as credit worries linger

Asian stocks eased on Monday with financial shares extending their slide as persistent credit worries offset a positive U.S. employment report, which showed twice as many jobs as expected were added last month.
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North Korean nuclear disabling to start Monday

A team of U.S. technicians will on Monday start disabling North Korea's nuclear complex which makes weapons-grade plutonium, a senior U.S. envoy said on Saturday, under a multinational disarmament deal.
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Mazda July-September Profit Soars

Mazda Motor Corp., the Japanese affiliate of Ford Motor Co., announced on Friday that its July-September period net profit soared 29 percent to 26.6 billion yen due to strong sales overseas.
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Casio to launch W-CDMA phones in Japan

Japan's Casio Computer Co Ltd said it planned to launch W-CDMA cell phones in Japan sometime during the six months from October 2008 to March 2009, reaching out for a wider range of potential customers.
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Mazda Q2 profits rise, keeps forecasts on weak yen

Mazda Motor Corp posted a 1.5 percent rise in quarterly operating profit as a weaker yen, cost cuts and sales growth offset a cutback in shipments to North America, and kept its full-year profit forecast unchanged.
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Japan government deadlocked over Afghan mission

Japanese Prime Minister Yasuo Fukuda struggled on Friday to break a deadlock that has halted a refueling mission in support of U.S.-led operations in Afghanistan -- and threatens to stall other policies as well.
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Kirin deal signals dealmaking shift in Japan

When U.S. banks JPMorgan and Merrill Lynch were hired to handle Kirin Holdings' purchase of a local drugs firm, it was a slap in the face for Japanese banks used to winning most domestic takeovers.
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Japan orders navy ships home from Afghan mission

Japan ordered its naval ships on Thursday to withdraw from a refueling mission in support of U.S.-led operations in Afghanistan as a political deadlock kept the government from meeting a deadline to extend the activities.
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Bank of Japan keeps rates on hold

The Bank of Japan today lowered its forecasts for growth and inflation this year, and held interest rates steady, but maintained its view that the country's economy was likely to continue its sustained expansion.
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Housing Starts Tumble 44% In Sept, Biggest Fall On Record

Japan's housing starts plunged 44.0 percent in September, the sharpest fall on record, to 63,018 units as confusion and procedural delays over stiffer building regulations weighed on the housing market, the government said Wednesday.
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Citigroup enters pact to buy rest of Japan's Nikko

Citigroup Inc said on Wednesday it has signed an agreement to acquire all of Nikko Cordial Corp, Japan's third-largest brokerage, paying about $4.6 billion for the 32 percent it does not already own.
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U.S. team to help North Korea nuclear disabling

A team of U.S. experts is heading to North Korea to help ready steps to disable a key nuclear complex, senior U.S. envoy Christopher Hill said in Beijing, where he was due to meet his Pyongyang counterpart.
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Japan's Resona likely to beat H1 f'cast by 20 pct

Japan's Resona Holdings Inc said on Tuesday it would likely beat its first-half profit forecast by 20 percent, helped by strong commissions and lower credit costs, and said it had no direct exposure to the troubled U.S. subprime mortgage market.
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Japan jobless rate jumps, spending firm

Japan's jobless rate rose unexpectedly last month, reinforcing expectations the Bank of Japan will delay its next rate rise, although household spending jumped more than forecast.
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MUFG to boost subprime write-downs sixfold

Mitsubishi UFJ Financial Group Inc, Japan's largest bank, said it would write down the value of subprime-related investments by as much as 30 billion yen ($260 million) -- six times more than previously announced.
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Takeda plunges on development woes, Eisai also hit

Shares in Takeda Pharmaceutical Co Ltd plunged 12 percent -- their biggest one-day fall in 20 years -- after U.S. authorities recommended it stop some trials of cholesterol-lowering TAK-475, one of its most promising drug candidates.

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