Japan Exchange fell after expectations were unmet as major stocks pulled down the market. The biggest decline was registered with Asian stocks since August after the forecasts Canon Inc to Japan Exchange Group Inc had frustrated investors at the same time money market rates had urged in the second largest economy in the world.
Japan
Bank of Japan stops short of forecasting inflation rise
BOJ raised gross domestic product to 1.5% but stopped short of projecting a potential 2% inflation within 2 years.
Honda exits from electronic parts unit, sells to Nidec in USD500 million deal - daily
Honda Motor Co's stake sale in Honda Elesys Co would encourage the cooperation of the company and its buyer Nidec Corp in capitalizing the growing demand for car electronic controls.
Abenomics aid capital imbalance from investment outflows - IMF official
IMF department director Anoop Singh said Japan Prime Minister Shinzo Abe's economic stimulus program had helped the economy of Japan against the effects of the reduction of securities purchases by the US Federal Reserve.
NTT Communications to purchase Virtela Technology for USD 512 million- source
A source told Bloomberg that Virtela Technology Services would be bought by NTT Communications Corp for USD 512 million.
Latest News
No further damage was sustained by the Fukushima nuclear power plant from the earthquake that hit Japan's coast on Saturday.
An earthquake with a magnitude of 7.3 hit Japan's east coast early Saturday morning but no immediate land damage was reported.
Japanese authorities said the cleanup of the Fukushima nuclear plant would not be completed next year as originally scheduled.
Japan hair and cosmetics company Shiseido on Thursday said it had been discussing with L'Oreal about the latter's acquisition of the Decleor and Carita skincare brands for EUR230 million or USD314.3 million.
A regulatory filing by Softbank Corp had confirmed rumors of the Japanese company purchasing a stake in US mobile distributor company Brightstar Corp.
Tokyo Gas said it would looking at majority stake purchases for mid-sized LNG projects in Southeast Asia or Africa to bring down import costs.
The Japanese Yen had increased versus all its major peers as no progress was seen between US President Barack Obama and the House Republicans to end the US shutdown.
Japan, stretched to the limit because of the increase in foreign exchange funds, is studying to have the private sector manage the funds.
Tokyo Electric's debtors allow debt roll over for the stricken power utility firm. Twenty eight financial institutions, including Sumitomo Mitsui Banking Corp have agreed to roll nearly a JPY77 billion or USD783 million syndicated loan for Tokyo Electric Power Co due to become mature by month's end.
