Tokyo stocks skyrocket on BoJ easing plan

Pedestrians pass an electronic share prices board in Tokyo on Friday. Tokyo stocks jumped by more than four percent in early trade, a day after the Bank of Japan unveiled fresh easing measures that sent the yen tumbling against the dollar. Photo: AFP

Tokyo stocks skyrocketed on Friday as investors embraced sweeping new monetary easing measures from the Bank of Japan that sent the yen plunging, spelling good news for the country’s struggling exporters.

Friday, 5 April, 2013, 10:33am

Japan to give patrol boats to Manila amid China tensions

A Japan Coast Guard patrol ship (left) shoots water at a fishing boat carrying Taiwanese activists near the Diaoyu Islands last month. Photo: Reuters

Japan plans to donate patrol boats costing US$11 million each to the Philippines, ramping up regional efforts to monitor China’s maritime activity in disputed waters, a newspaper said on Monday.

The Japanese government plans to finance the deal in its fiscal this year budget starting in April and hopes to officially sign it early next year, the Nikkei business daily reported.

29 Aug 2013 - 4:13am

Asian markets surge as US averts fiscal cliff

Drummers perform during the opening ceremony of the Securities and Derivatives Markets at the Korea Exchange in Seoul. Photo: Xinhua

Asian markets jumped on Wednesday after the US Congress backed a deal to avert a “fiscal cliff” of drastic tax rises and spending cuts in an upbeat start to the year.

29 Aug 2013 - 4:13am

Asian markets up despite stumbling US fiscal talks

Tokyo’s Nikkei climbed 0.71 per cent to highs not seen since before last year’s March 11 quake-tsunami disaster. Photo: Reuters

Asian shares rose on Friday on hopes for a last-minute deal to avert the US fiscal cliff despite warnings from a leading Democrat that an agreement is unlikely just days before a year-end deadline.

Expectations for more aggressive monetary easing by the Bank of Japan continued to weigh on the yen, which was sitting at more than two-year lows against the dollar.

29 Aug 2013 - 4:13am