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Tokyo - The Japanese government and the ruling coalition parties finalized an additional stimulus plan Friday to pull the nation's economy out of the worst recession of the postwar era. Japan's third stimulus package since September is to inject 15.4 trillion yen (154 billion dollars ), worth 3 per cent of the gross domestic product, into the world's second largest economy in what is considered the nation's largest-ever stimulus plan.
Including other non-spending measures and loan guarantees, the package totals 56.8 trillion yen.
Tokyo - The Tokyo market extended gains to end Friday trading higher after briefly sending the key Nikkei 225 Stock Average above 9,000 at one point on Wall Street's overnight surge. The Nikkei index was up 48.05 points, or 0.54 per cent, to close at 8,964.11 after peaking at 9,068.8 during morning trading. The Nikkei rose above the 9,000 level for the first time in three months.
The broader Topix index of all first-section issues also rose 4.16 points, or 0.49 per cent, at 845.97.
Tokyo - Japanese Emperor Akihito tearfully thanked his wife, Empress Michiko, for her support Friday as they marked their 50th wedding anniversary at their palace in Tokyo. While expressing heartfelt gratitude to well-wishers, the 75-year-old emperor said he felt bad about receiving congratulations from many citizens while the nation suffers through a recession.
The emperor choked up at a press conference as he looked back on the years he has spent with his wife, who was the first commoner to marry into Japan's imperial family.
Tokyo - Japan on Friday imposed stronger restrictions on money transfers to North Korea and extended existing sanctions against its totalitarian neighbour after its weekend rocket launch. The existing sanctions - including a ban on North Korean imports and a ban on ferry trips, the only transport link between the two countries - were due to expire Monday but were extended for another year.
The new sanctions are "aimed at shedding light on the flow of funds [to North Korea]," Foreign Minister Hirofumi Nakasone said.
Tokyo - The Tokyo market opened higher Friday, briefly sending the key Nikkei 225 Stock Average above 9,000 after an overnight surge on Wall Street. The Nikkei index was up 47.45 points, or 0.53 per cent, to 8,963.51 after peaking at 9,068.8 at during morning trading.
The broader Topix index of all first-section issues gained 3.66 points, or 0.43 per cent, at 845.47.
Exporters were helped by a weaker yen, which boosts earnings of Japanese firms.
Tokyo - Asian stocks bounced up Thursday as investors were cheered by news from Japan, where the government prepared to unveil a 154-billion-dollar economic stimulus package and its machinery orders unexpectedly rose.
Japan's benchmark Nikkei 225 Stock Average surged 3.74 per cent to 8,916.06, a day after falling 2.69 per cent on concerns over upcoming corporate earnings reports. Thursday's gains erased the Nikkei's losses for the year.
Japan's broader Topix index of all first-section issues also rose 3.26 per cent to 841.81.
Tokyo - The Japanese government and the ruling coalition parties finalized an additional stimulus plan Friday to pull the nation's economy out of the worst recession of the postwar era. Japan's third stimulus package since September is to inject 15.4 trillion yen (154 billion dollars ), worth 3 per cent of the gross domestic product, into the world's second largest economy in what is considered the nation's largest-ever stimulus plan.
Tokyo - The Tokyo market extended gains to end Friday trading higher after briefly sending the key Nikkei 225 Stock Average above 9,000 at one point on Wall Street's overnight surge. The Nikkei index was up 48.05 points, or 0.54 per cent, to close at 8,964.11 after peaking at 9,068.8 during morning trading. The Nikkei rose above the 9,000 level for the first time in three months.
Tokyo - Japanese Emperor Akihito tearfully thanked his wife, Empress Michiko, for her support Friday as they marked their 50th wedding anniversary at their palace in Tokyo. While expressing heartfelt gratitude to well-wishers, the 75-year-old emperor said he felt bad about receiving congratulations from many citizens while the nation suffers through a recession.
Tokyo - Japan on Friday imposed stronger restrictions on money transfers to North Korea and extended existing sanctions against its totalitarian neighbour after its weekend rocket launch. The existing sanctions - including a ban on North Korean imports and a ban on ferry trips, the only transport link between the two countries - were due to expire Monday but were extended for another year.
Tokyo - The Tokyo market opened higher Friday, briefly sending the key Nikkei 225 Stock Average above 9,000 after an overnight surge on Wall Street. The Nikkei index was up 47.45 points, or 0.53 per cent, to 8,963.51 after peaking at 9,068.8 at during morning trading. 
Tokyo - Asian stocks bounced up Thursday as investors were cheered by news from Japan, where the government prepared to unveil a 154-billion-dollar economic stimulus package and its machinery orders unexpectedly rose.
