Japan
Japan May Cushion BOJ Balance-Sheet Contraction, `Preserve' Easing Options Japan’s central bank may seek next
week to counter a contraction of its balance sheet caused by the
month-end expiration of an emergency-credit program as deflation
persists in the world’s second-largest economy.
Toyota Sets Goal of Regaining U.S. Market Share Lost to Recalls Within '10 Toyota Motor Corp. set a 2010 goal
of regaining most of the U.S. market share lost in the past two
months after global recalls of 8 million vehicles damped demand,
the No. 2 U.S. sales executive said.
Japanese Stocks Rise on Speculation BOJ Will Loosen Policy; Nissan Climbs Japanese shares gained, sending
Nikkei 225 Stock Average to its biggest weekly advance in three
months, on optimism the yen will weaken further amid speculation
the central bank will loosen monetary policies.
Yen Declines to Two-Week Low as Japan's Kan Says Intervention Is an Option The yen dropped to a two-week low
against the euro as the government signaled it’s ready to
intervene if necessary in currency markets and on prospects the
central bank will increase easing measures next week.
Koito Executives Leave, President Takes Pay Cut After Fake Plane-Seat Data Koito Industries Ltd., the Japanese
plane-seat maker that falsified test results, said three
executives will leave and its president will take a pay cut as
work begins on checking seats in about 1,000 commercial aircraft.
Yoshihisa Morimoto, Former Tepco Executive, Nominated to BOJ Policy Board Japan’s government nominated former
Tokyo Electric Power Co. executive Vice President Yoshihisa
Morimoto to join the Bank of Japan’s policy board, filling its
last vacancy as policy makers grapple with entrenched deflation.
Komatsu Says China Growth to Propel 50% Rise in Sales of Mining Machinery Komatsu Ltd., the world’s second-
biggest maker of large dump trucks and excavators, expects sales
in China to rise by half as the country’s 10-percent growth rate
drives demand for resources such as coal and iron-ore.
Kintetsu Corrects 5 Years of Earnings on Accounting Fraud, Cuts Forecast Kintetsu Corp., a railway company
operating in western Japan, corrected more than five years of
earnings statements because of accounting fraud at a wholly
owned advertising subsidiary.
Yen to Drop to 100 as Deflation Spurs Bank of Japan to Add Cash, CIB Says The yen is likely to weaken to 100
per dollar, a level last seen in April, as the Bank of Japan
pumps money into the financial system to combat deflation,
according to Credit Agricole Corporate and Investment Bank.
Japan's 10-Year Bonds Fall, Complete Second Weekly Drop, on Rising Stocks Japan’s 10-year bonds fell,
completing a second weekly decline, as Asian stocks joined a
rally in global equities, damping demand for the safety of debt.
Japan Employment `Ice Age' Returns as Student Joblessness Soars to Record A record proportion of Japan’s
college students will be graduating this month without a job
offer, a government survey showed.
Japan Needs to Spend $56 Billion Smart Grid If Law Passes, Deutsche Says Tokyo Electric Power Co. and nine
other regional utilities may need to spend 5.1 trillion yen
($56.3 billion) in 20 years to upgrade Japan’s power grid if a
draft climate-protection legislation is made law.
Toyota Auto Body Suspends Production at Plant After Employee Found Dead Toyota Auto Body Co., a unit of
Toyota Motor Corp., stopped production at a Japan plant for
three hours after a male employee was found dead today.
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