Japan
Dollar, Yen Advance as Decline in Stocks Reduces Demand for Higher Yields The dollar rose against most of its
major counterparts and climbed for a second day against the euro
as investors sold shares to reduce the chance of losses before
the end of the year.
Bank of Japan, Government Clash Over Deflation Risk to Economy's Recovery Japan’s government and central bank
clashed over the threat of deflation, indicating Prime Minister
Yukio Hatoyama may want stronger monetary stimulus to buttress
the economy’s recovery.
Topix Index Advances for First Time in Eight Days, Led by Financial Stocks Japan’s Topix index climbed in the
final minute of trading, led by financial stocks after this
week’s drops made them attractive to some investors. It was the
index’s first increase in eight days.
Nintendo Adds Paid Video-Streaming Content for Wii Online Service in Japan Nintendo Co., maker of the Wii game
console, started offering paid content on the player’s video-
download service in Japan today.
Japan's Bonds Gain a Second Week on Outlook for Interest Rates, Deflation Japan may increase sales of ordinary
government bonds by about 20 trillion yen ($225 billion) to a
record of more than 140 trillion yen next fiscal year, the
Nikkei said, without saying where it got the information.
Mitsubishi UFJ May Drop Argentine Suit After Bond Swap Begins, Nacion Says Mitsubishi UFJ Financial Group Inc.
may withdraw a lawsuit against Argentina once the country begins
to swap its defaulted bonds, newspaper La Nacion said, citing
unidentified people at the Japanese financial system.
Kyocera to Shut Phone Plant in China, Move Output to Malaysia, Nikkei Says Kyocera Corp. plans to close a
mobile phone factory in Tianjin, China, and consolidate
production in Malaysia to help return the business to profit,
the Nikkei newspaper said, without saying where it got the
information.
Dollar May Fall to 11-Month Low Versus Yen, Tokai Says: Technical Analysis The dollar may decline to an 11-
month low of about 87 yen, according to Tokai Tokyo Securities
Co., citing trading patterns.
Nomura to Sell 50 Billion Yen of 5-Year, 10-Year Debt to Fund Operations Nomura Holdings Inc., Japan’s biggest
brokerage, will sell 50 billion yen ($563 million) of bonds to
fund operations of its subsidiaries.
Kindle, Sony Electronic Readers May Get Biggest Payoff From Textbook Sale As Sony Corp.’s e-book devices vie
with the Kindle to win over readers, the real showdown may come
later: when a shift to electronic textbooks at schools threatens
to eclipse the current market for the products.
Government Says Japan's Economy Is in Deflation for First Time Since 2006 The Japanese government said the
world’s second-largest economy is in deflation for the first
time in three years as it presses the central bank to be more
aggressive about tackling price declines.
Japan Finds Documents Indicating Secret Nuclear Pact With U.S., NHK Says Japan’s government has discovered
documents indicating the existence of a secret agreement
allowing the U.S. to transport nuclear weapons through its
territory, public broadcaster NHK reported on its Web site.
Taipei 101 Building to Reduce Energy Consumption, Use Rainwater in Toilet Taipei 101, the world’s tallest
completed building, may use rainwater in its toilets as part of
a NT$60 million ($1.9 million) project to cut electricity and
water consumption by 10 percent.
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