Japan
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.
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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