JAPAN

Playstation3 Shows Progress At Tokyo Game Show

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Sony's next-generation playstation game console has been plagued with a number of delays, high-prices, and technical difficulties, however, the past weekend at this years Tokyo Game Show, the company gave gamers, developers, and investors a taste of what's to come.
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Japanese Expert Balks at Sony's PS3 Price Cuts

Sony Corp. said Friday it will slash the price of its much-anticipated PlayStation 3 video game console in Japan by 20 percent, a decision deemed ridiculous by a Japanese financial expert.
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Bureau Says Aiful Corp. Failed to Declare Taxes

Osaka Regional Taxation Bureau singled out Aiful Corp., a major consumer loan firm in Japan, for failure to declare taxes after it found false losses of 850 million yen in the firm's calculation for bad-debt loss during the fiscal year of 2005, major Japanese newspapers reported Friday.
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Japan's Aug. Supermarket Sales Down for 8th Month

Sales at supermarkets in Japan were 1.1 percent lower than a year before at 1.18 trillion yen in August on a same-store basis for the eighth consecutive month, Japan Chain Stores Association said Friday.
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What if the U.S. sneezed and nobody noticed?

The old cliche that when America sneezes the rest of the world catches cold is about to be tested and this time it may be just the U.S. economy that ends up with the major aches and pains.
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Nike profit beats Street, shares up 6 pct

Nike Inc., the world's No. 1 sport shoe and apparel maker, on Thursday posted quarterly earnings above Wall Street targets, boosting its shares nearly 6 percent and easing some fears that pricey styles bearing its signature swoosh were losing their luster.
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Sharp visits LG.Philips as Philips seeks buyer: report

High-level executives from Japan's Sharp Corp. traveled to South Korea last week to visit LG.Philips LCD Co. Ltd., as Philips seeks a buyer for its 32.9 percent stake in the Korean LCD firm, Taiwan media reported on Friday.
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NXT Plc Preliminary Results

NXT Plc, provider of sound solutions, today announced it’s Preliminary Results for the year ended 30th June 2006.
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Xbox 360 HD-DVD to Launch Nov.22 in Japan

Microsoft's external high-definition DVD player for Xbox 360 console will use the HD-DVD format and will be released on Nov. 22 in Japan, the software maker said on Wednesday during a media briefing at the Tokyo Game Show 2006.
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Russian Envoy Says Sakhalin-2 Project Will Continue

After the Russian government announced its withdrawal of environmental approval for the Sakhalin-2 liquefied natural gas (LNG) project on Sep. 18, Alexander Losyukov, Russia's ambassador to Tokyo, said on Wednesday that the construction continues as stated on their contract.
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Nissan to Enter U.S. Light Commercial Market

Nissan Motor Co Ltd will start selling light commercial vehicles in North America soon, aiming for a market share at least as great as taken by the Japanese group's passenger cars.
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Matsushita to launch new Blu-ray DVD recorders in Nov

Japan's Matsushita Electric Industrial Co. said on Wednesday it would start selling two new Blu-ray DVD recorders in Japan on November 15, heating up a format battle for next generation optical disc technology.
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Microsoft: Xbox HD DVD player Japan launch in Nov

Microsoft Corp. said on Wednesday it would launch an HD DVD player for its Xbox 360 game console on November 22 in Japan for 20,790 yen ($177), matching rival Sony Corp.'s PlayStation 3 in high-definition DVD functions.
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Thai coup disrupts Japanese auto makers' production

Production at Japanese auto makers' factories in Thailand was disrupted on Wednesday after the country's armed forces seized power in Bangkok, with Nissan Motor Co., Mazda Motor Corp. and others calling off work for the day.
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Gazprom would aid early Sakhalin 2 start: envoy

Russia's ambassador to Japan said on Wednesday that Royal Dutch Shell's $20 billion (10.6 billion pound) oil and gas Sakhalin 2 project, which hit new environmental hurdles this week, could start operating early if Gazprom joined it.
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IMF and World Bank to pursue internal reforms

As the International Monetary Fund embarks on a second round of reforms to give developing countries more say in the institution, the World Bank signalled on Wednesday that it was ready to go the same route.
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IMF to pursue internal reforms, World Bank to follow

An agreement to boost the voting power of emerging nations in the International Monetary Fund is just the start of a difficult process, the IMF's head said on Wednesday, as the World Bank signaled it was ready to go the same route.
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Yen Rallies Sharply vs Euro on European Comments

The yen rallied sharply from two-week lows against the euro on Tuesday after a European official said markets may need time to digest policymakers' message that a stronger yen versus the euro is desirable.
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Global Growth May be Cresting, IMF Warns

World economic growth may be cresting after the strongest showing in three decades, making it imperative that countries revive global, market-opening talks to tap the benefit of expanded trade, the head of the IMF said on Tuesday.

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