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Financial News

Dollar, Yen Advance as Decline in Stocks Reduces Demand for Higher Yields The dollar rose against most of its major counterparts and climbed for a second day against the euro as investors sold shares to reduce the chance of losses before the end of the year.

Bank of Japan, Government Clash Over Deflation Risk to Economy's Recovery Japan’s government and central bank clashed over the threat of deflation, indicating Prime Minister Yukio Hatoyama may want stronger monetary stimulus to buttress the economy’s recovery.

Topix Index Advances for First Time in Eight Days, Led by Financial Stocks Japan’s Topix index climbed in the final minute of trading, led by financial stocks after this week’s drops made them attractive to some investors. It was the index’s first increase in eight days.

Kindle, Sony Electronic Readers May Get Biggest Payoff From Textbook Sale As Sony Corp.’s e-book devices vie with the Kindle to win over readers, the real showdown may come later: when a shift to electronic textbooks at schools threatens to eclipse the current market for the products.

Japan's Bonds Gain a Second Week on Outlook for Interest Rates, Deflation Japan’s 20-year government bonds gained for a second week after the central bank held interest rates near zero amid mounting pressure for it to fight deflation.

Nintendo Adds Paid Video-Streaming Content for Wii Online Service in Japan Nintendo Co., maker of the Wii game console, started offering paid content on the player’s video- download service in Japan today.

IHI Urges Japan to Continue Funding of Small-Rocket Program, Nikkei Says IHI Corp. asked Japan’s government to continue state funding for the GX rocket program, saying a recommendation to drop development was based on inaccurate cost estimates, the Nikkei newspaper said.

Sell Japan Stocks, Buy Bonds as Deflation Raises Loan Costs: Chart of Day Investors should sell Japanese stocks and buy government bonds as deepening deflation caused real interest rates to diverge from stock prices for the first time in 18 years, according to MU Investments Co.

GDF Suez of France Plans to Sell 30 Billion Yen of Five-Year Samurai Bonds GDF Suez, a French natural gas producer, plans to sell 30 billion yen of five-year Samurai bonds, according to a filing with Japan’s Finance Ministry.

Stringer Sees 3D as Sony's Next $10 Billion Business; Investors Skeptical Sony Corp. Chairman Howard Stringer forecast 3D movies, pictures and games will be the electronics maker’s next $10 billion business, challenging investors and analysts who say the technology isn’t ready to become mainstream.

General News

Government Says Japan's Economy Is in Deflation for First Time Since 2006 The Japanese government said the world’s second-largest economy is in deflation for the first time in three years as it presses the central bank to be more aggressive about tackling price declines.

Taipei 101 Building to Reduce Energy Consumption, Use Rainwater in Toilet Taipei 101, the world’s tallest completed building, may use rainwater in its toilets as part of a NT$60 million ($1.9 million) project to cut electricity and water consumption by 10 percent.

U.S. Calls for Myanmar Dialogue as Suu Kyi Writes to Ruling Military Junta The U.S. said it’s hopeful that political dialogue can begin in Myanmar between the military government and opposition parties after pro-democracy leader Aung San Suu Kyi wrote to junta chief Senior General Than Shwe.


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