Japan

Bank of Japan injects 9 billion dollars into market

Bank of JapanTokyo - The Bank of Japan (BOJ) pumped 1 trillion yen (9.69 billion dollars) into the money market Tuesday to ease disruptions amid the global financial crisis.

Japan's central bank conducted the emergency measure for the 15th consecutive business day since the US investment bank Lehman Brothers Holdings Inc filed for bankruptcy on September 15.

The bank's move came after the Tokyo market plunged to a five-year low, which sent the key Nikkei Stock Average index below the 10,000 mark Tuesday.

Tokyo markets continue dive

Tokyo markets continue diveTokyo - Stocks in Tokyo continued their downward c

Financial meltdown spells nightmare for Asia and Japan

tokyo, japanTokyo - News about the latest emergency package to save Germany's real estate financier Hypo Real Estate Holding AG could not clear the gloomy atmosphere in far-away Asia. It was the same with the bail-out package for US financial institutions approved last week.

It was no longer the banking crisis alone that caused deep concern in Japan and other Asian countries. The biggest fear now was that the financial disaster would develop into a global crisis with catastrophic results for all sectors of the economy.

Nikkei falls to a four-year low, Topix tumbles below 1,000 points

Tokyo  - Nikkei falls to a four-year low, Topix tumbles below 1,000 points Japan's key Nikkei 225 Stock Average fell to a four-year low Monday on worries about the financial crisis, despite US Congressional approval of a Wall Street bail-out.

The benchmark Nikkei index was trading midday (4:43 GMT) at 10,434.17, down 503.97 points, or 4.60 per cent.

The broader Topix index of all first-section issues fell below the psychological marker of 1,000 points for the first time since December 2003.

Nikkei falls to a four-year low

Tokyo  - Nikkei falls to a four-year lowJapan's key Nikkei 225 Stock Average fell to a four-year low Monday on worries about the financial crisis, despite US Congressional approval of a Wall Street bail-out.

The benchmark Nikkei index ended the morning trading at 10,544.33, down 393.81 points, or 3.60 per cent.

The broader Topix index of all first-section issues also fell 42.44 points, or 4.05 per cent, to 1,005.53.

It is the first trading day in Tokyo since the US Lower House approved Friday, after tough negotiations, the 700-billion-dollar rescue package for the financial sector.

Sweets tainted with melamine found in Japan

Sweets tainted with melamine found in Japan Tokyo  - Chemical tests in Japan have confirmed that a Chinese-produced chocolate containing the chemical melamine was imported into Japan, local media reported Sunday, adding that the government in the city of Osaka has called on the importer NS International to recall the sweets from markets.

According to the reports, shopowners throughout Japan had already removed the product "Chocolate Pillows" from their shelves. NS International since January had imported around 798,000 packages of the sweet, which was produced in Shanghai, China.

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