Japan

Japan's industrial output up 1.2 per cent in September

Japan's industrial output up 1.2 per cent in SeptemberTokyo - Japan's industrial output rose 1.2 per cent in seasonally adjusted terms in September, compared to the previous month, the government said Wednesday.

The September growth was supported by automobile, machinery and electronics device sectors, but the government downgraded its assessment, estimating overseas demand for Japanese products would slowdown amid the global financial crisis.

The Ministry of Economy, Trade and Industry expected the output to fall 2.3 per cent in October and 2.2 per cent in November.

1ST LEAD: Nikkei gains more than 7 per cent

Tokyo - Japan's benchmark Nikkei 225 Stock Average continued to rise in early trading Wednesday, again topping the 8,000 mark.

Nikkei gains more than 5 per cent, up to 8,000

Tokyo - Japan's benchmark Nikkei 225 Stock Average recovered the 8,000 level Wednesday morning after it hit a 26-year low the day before.

Prince Charles urges building low-carbon society on Japan visit

Tokyo  - Britain's Prince Charles on Tuesday called for concerted efforts to build a low-carbon society to combat global warming while on a visit to Japan.

"We must not abandon the drive towards a low-carbon economy," the prince of Wales said in a speech marking the 150th anniversary of bilateral relations between Japan and Britain.

He arrived in Tokyo late Monday with his wife, Camilla, for a five-day visit.

The prince called climate change "the biggest challenge our planet has ever seen."

He said that even as the world now faces a financial crisis, it should not divert attention and efforts from protecting the earth.

Panasonic logs record net profit for first half of business year

Tokyo  - Panasonic Corp on Tuesday reported the highest net profit in 23 years for the first six months of a business year, thanks to strong sales of digital consumer electronics.

The company, which changed its name from Matsushita Electric Industrial Co earlier this month, saw net profit rise by 22.2 per cent during the first six months of fiscal 2008 to 128.49 billion yen (1.38 billion dollars), compared to the year before.

The Japanese home electronics company logged an operating profit of 228.15 billion yen, up 3.7 per cent year-on-year for the first half of the business year starting in April.

Nomura Holdings reports first semester losses

Tokyo  - Nomura Holdings Inc, Japan's largest brokerage house, was hit hard by the global financial crisis, reporting losses of 149.4 billion yen (1.57 billion dollars) for the first half of the business year on Tuesday.

During the same period last year, Nomura posted profits of 64.2 billion yen. Japan's business year ends on March 31.

It was the third quarterly loss for the company, which took over the Asia-Pacific, Middle East and European operations of failed US brokerage Lehman Brothers last month.

In the quarter from July to September, Nomura's reported net loss widened to 72.9 billion yen, compared with a net loss of 11.7 billion yen the previous year.

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