Japan
Economic Growth Revised Down to 3.8% as Japanese Business Spending Slumps Japan’s economy expanded less than
initially estimated in the fourth quarter as companies pared
spending and stockpiles as deflation deepened.
Yen, Dollar Strengthen as China Inflation at 16-Month High; Kiwi Weakens The yen and dollar rose versus
their major counterparts after Chinese reports on inflation,
factories and loans fueled concern the government will act to
damp growth, boosting demand for the lowest-yielding currencies.
Japan's Stocks Rise on Outlook for Economy, Iron-Ore Demand; Mitsui Gains Japanese stocks rose, sending the
Nikkei 225 Stock Average to its highest close since Jan. 21, on
speculation increased demand will boost earnings at iron-ore
producers and that the nation’s economy is recovering.
Nomura's Wang, Feldkamp Leave as Former Lehman Managers Depart Brokerage Nomura Holdings Inc.’s vice
chairman of China investment banking and head of equity capital
markets for Asia outside Japan left the Tokyo-based company,
according to people with knowledge of the departures.
Shinsei Bank Is Said to Consider Abandoning Aozora Merger, Selling Shares Shinsei Bank Ltd., the Japanese
lender backed by U.S. investor Christopher Flowers, may raise 75
billion yen ($830 million) selling shares instead of merging
with Aozora Bank Ltd., said a person with direct knowledge of
the matter.
Fed Shoulders AIG Japan Mortgage Losses to Ease Sale of Alico to MetLife The Federal Reserve Bank of New
York and American International Group Inc. agreed to shoulder as
much as $450 million in losses tied to the insurer’s Japan real
estate bets as part of the sale of a division to MetLife Inc.
Japan, Korea May Face Wheat Supply Disruptions From U.S. River Closures Japan, the biggest buyer of U.S.
wheat, may stockpile the grain or seek alternative supplies
before the U.S. closes its largest export gateway later this
year for a three-month revamp, potentially delaying shipments.
Korea's NHN Said to Be Among Bidders for LDH's Livedoor Internet Unit NHN Corp., the owner of South
Korea’s biggest Web search engine, is among the final bidders
for LDH Corp.’s Livedoor Co. Internet unit, three people with
knowledge of the matter said.
Ten-Year Bonds Decline, Halting Two-Day Gain, as Rising Stocks Sap Demand Japan’s 10-year bonds declined,
snapping two days of gains, as rising stocks sapped demand for
the refuge of government debt.
JR East Sells 10-Year Yen Bonds at Narrowest Yield Spread for Four Years East Japan Railway Co., the
nation’s largest rail operator, raised 15 billion yen ($166
million) from 10-year bonds priced at the narrowest yield
spread over benchmarks in four years.
Ibaraki Airport, Japan's 98th Airfield, Opens Today With Asiana Flights Ibaraki Airport, a 40-mile drive
north from Tokyo’s Narita, opens today with Asiana Airlines Inc.,
South Korea’s second-largest carrier, and Skymark Airlines Inc.
as the only two carriers set to start flights.
President Hu Jintao's Son Will Visit Taiwan in May, Next Magazine Reports Chinese President Hu Jintao’s son
Hu Haifeng will visit Taiwan in mid May, Next Magazine reported,
without saying where it got the information. Hu will
be visiting the island as the head of Yangtze Delta Region
Institute of Tsinghua University, Zhejiang on an academic visit,
according to the Taipei-based Chinese-language weekly.
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Red-Coral Rescue Plans Endanger Italian Jewelry Makers of Torre del Greco The people of Torre del Greco, 10
miles south of Naples, have lived off the red corals found in
the Mediterranean Sea for more than two millennia. A proposal to
list the species as endangered may push the seaside town’s $217
million-a-year coral industry into extinction.
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