BizNews Blog

Japanese Stock markets rose in early trading on Wednesday (11/5) due to the weakening yen against the U.S. dollar lifted shares of exporters. In addition to the U.S. stock appreciation in the middle of the technology sector agreements.

The Nikkei Stock Average rose 1% to 9,920.84, with Canon Inc. rose 1.3% and Honda Motor Co. rose 1.5%. Topix index traded rose 0.7% to 862.30, while the dollar was at 80.98 yen from 80.81 yen earlier in late North American trading Tuesday.

Shares of NEC Corp. also gained 4.1% since managed to avoid the big losses the last few quarters, while Toyota Motor Corp. shares rose 1.7% in the middle of waiting the final financial report later trading.

Japan’s economy is under strong pressure due to the devastation caused by earthquakes and tsunamis, said the Bank of Japan (BOJ).

BOJ said that the downward pressure that comes largely from loss of production and supply chain disruption.

The central bank did not alter its monetary policy, leaving the interest rate in the range of zero to 0.1%.

BOJ said it would offer one trillion yen in new loans a year.

The loan will be extended to financial institutions in areas affected by the quake with only 0.1% interest rate. Read it all..

Asian stock markets move strengthened as some Japanese companies began to operate again and speculation U.S. economic data this week.

Company Hitachi Ltd. which is manufactures household appliances rose 5.7% after reportedly has begun to operate again. Nissan Motor Co. also climbed 1.1% after hopes will be operational again in June. Shares of BHP Billiton Ltd. also rose 1.3% in the Sydney stock.

“When Japan faced an unexpected effect of the earthquake, the U.S. economic recovery towards to a clear direction. The global economy began to recover, starting with the Nissan which is working hard to Read it all..

Asian stocks stung by negative sentiment from Japan’s earthquake and tsunami. This morning, the MSCI Asia Pacific Index slumped 2.1 percent to positions 132.25.

Japanese stock market experienced the biggest decline in two years. At the closing of the morning session, the Nikkei index tumbled 4.53 percent or 464.88 points at 9789.55. The most plummeted stocks on the stock of Japan are Read it all..

Having previously dropped sharply, Yen steady shortly after the big earthquake in Japan on Friday (11/03/2011), while the euro rebounded against the US dollar, which fell after a downgrade Spain.

Yen falls to 83.30 against the dollar as dealers rushed away from the risk of earthquake, but recovered in the afternoon to 82.89 against the greenback, compared with 82.91 yen in New York late Thursday.

The euro was taken at 1.3807 dollars, compared with Read it all..