Nikkei dips as relief rally sputters ahead of holiday week

By Hideyuki Sano TOKYO, Apr 28 : Japan’s Nikkei share average ticked down further from recent five-week highs on Friday as a relief rally driven by fading political worries in Europe fizzled ahead of Golden Week holidays next week. The Nikkei fell 0.2 percent to 19,203.30 by mid-morning trade, off five-week high of 19,289.43 touched […]

Japan reconstruction minister quits after inappropriate comment on disaster zone

By Elaine Lies TOKYO, Apr 26 : The Japanese cabinet minister overseeing reconstruction of areas devastated by the 2011 tsunami and Fukushima nuclear disaster resigned today after saying it was better the disaster struck the northeastern region instead of Tokyo. Masahiro Imamura was forced to quit after remarks he made yesterday at a party for […]

Japan steelmakers scramble for coking coal to make up Debbie losses

By Yuka Obayashi and Aaron Sheldrick TOKYO, Apr 21 : Japanese steelmakers have bought coking coal from the United States, Canada and China to replace supply lost after a cyclone closed rail links in Australia, their biggest supplier, industry and trader sources said. Still, the Japanese buyers are paying nearly double the $150 a tonnes […]

Japan’s FSA ups scrutiny of banks on steps to fight dirty money -sources

By Sumio Ito TOKYO, Apr 21 : Japan’s financial regulator has stepped up scrutiny of banks on their measures against money laundering and terror funding, ahead of checks by a global body for fighting illicit finance, several people with knowledge of the matter told Reuters. The Financial Services Agency (FSA) sees as patchy Japanese banks’ […]

Japan won’t resort to ‘helicopter money’ -Finance Minister Aso

By Leika Kihara NEW YORK, Apr 20 : Japanese Finance Minister Taro Aso said there was no quick fix for the country’s tattered finances, shrugging off the chance the central bank would resort to “helicopter money” – or direct underwriting of public debt to fund government spending. He also said budding signs of recovery in […]