TOKYO, Mar. 24, 2009 (Kyodo News International) -- ----------
Key 10-year JGB yield remains unchanged
TOKYO - The yield on the benchmark 10-year Japanese government bond remained unchanged Tuesday from the previous day.
In interdealer trading, the yield on the No. 299, 1.3 percent issue finished at 1.260 percent, the same as Monday's close.
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Tokyo Motor Show exhibitors to be halved with some auto giants absent
TOKYO - The biennial Tokyo Motor Show will have only about half the number of exhibitors as its previous event because many U.S. and European auto firms have withdrawn their participation amid a deepening industry slump, its organizer said Tuesday.
According to the Japan Automobile Manufacturers Association, 122 companies from nine economies are registered for this year's auto show, compared with 241 companies from 12 economies registered during its last event in 2007.
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Shinsei Bank to issue 48.2 billion yen in preferred securities
TOKYO - Shinsei Bank said Tuesday it will issue 48.2 billion yen in preferred securities to prevent its core capital being depleted by losses.
Four types of preferred securities will be issued to institutional investors in Japan next Monday. Annual dividends on these securities will range from 5.0-5.5 percent.
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Dollar briefly climbs to mid-98 yen range on U.S. bank rescue plan
TOKYO - The U.S. dollar briefly rose to the mid-98 yen level Tuesday in Tokyo as solid global equity markets on the back of a U.S. bank bailout plan widened investors' risk appetite and encouraged yen selling.
At 5 p.m., the dollar fetched 98.28-31 yen, compared with Monday's 5 p.m. quotes of 96.91-97.01 yen in New York and 95.97-96.00 yen in Tokyo.
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Honda Motor, GS Yuasa to form automotive lithium-ion battery maker
TOKYO - Honda Motor Co. and GS Yuasa Corp. said Tuesday they will establish a joint venture on April 1 to perform research and development, manufacturing and sale of high-end, lithium-ion batteries for use in electric-gasoline hybrid vehicles.
The new firm, Blue Energy Co. to be located in Kyoto Prefecture, will be owned 51 percent by GS Yuasa Power Supply Ltd., a wholly owned subsidiary of the Kyoto-based battery maker, with the remainder held by the major carmaker, the two firms said.
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Oriental Land names Uenishi as new president
TOKYO - Oriental Land Co.
