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Mar 17, 2011

Boeing supplier concerned over Japan gas supply

TOKYO (Reuters) – A Japanese company making galleys for the long-awaited Boeing (BA.N: Quote, Profile, Research, Stock Buzz) 787 Dreamliner said delivery of the component could be delayed if gasoline becomes even more scarce after last week’s earthquake and tsunami.

Jamco (7408.T: Quote, Profile, Research, Stock Buzz) said on Thursday that production of the galleys had been unaffected, but delivery could be hampered by higher gasoline prices or if gasoline becomes more widely unavailable.

Mar 17, 2011

ATM glitches, power outages jolt stressed Tokyo

TOKYO (Reuters)- Malfunctioning bank machines and threats of power outages on Thursday jolted a stressed Tokyo where millions stocked up on rice and other essentials, stayed indoors or crowded into airports during Japan’s nuclear crisis.

Flurries of transactions at some Mizuho Bank branches abruptly shut thousands of automatic teller machines and the government warned of major blackouts, adding to the disorder of a city that thrives on precision and efficiency.

Mar 17, 2011

Post-quake yen surge to crimp Japan exporters’ profits

March 17 (Reuters) – Led by Toyota Motor (7203.T: Quote, Profile, Research), Japan’s
auto and electronic device exporters face a fresh crimp on
earnings after the yen surged to a record high in the wake of
last week’s devastating earthquake that has also left many of
their factories idle due to a dearth of component supplies.

Should the currency crisis deepen, the damage to profits may
overshadow the cost of lost output and the expense of fixing
broken machinery.

Mar 17, 2011

Brief ATM shutdown jolts stressed Tokyo

TOKYO (Reuters)- Two hours of malfunctioning ATMs at Japan’s second-largest bank on Thursday jolted a stressed Tokyo where millions were stocking up on essential supplies and staying indoors during Japan’s nuclear crisis.

A flurry of transactions at some Mizuho Bank branches triggered an abrupt shutdown of thousands of automatic teller machines, another sign of disorder in a country that typically thrives on precision and efficiency.

Mar 17, 2011

Mizuho says ATMs back up after nationwide shutdown

TOKYO (Reuters) – Mizuho Bank said its automatic teller machines were back up and running across Japan after a shutdown earlier on Thursday, the latest disruption to business and daily life in Japan after last week’s devastating earthquake.

Mizuho, Japan’s second-largest bank by assets, said its ATMs and Internet transactions were operating normally as of noon (11 p.m. ET Wednesday) in Japan, though customers were still unable to make foreign currency withdrawals.

Mar 17, 2011

Toyota leads automaker share dip as yen surges

By Tim Kelly and Mariko Katsumura

(Reuters) – Toyota Motor shares (7203.T: Quote, Profile, Research, Stock Buzz) tumbled Thursday after the yen surged to a record high against the dollar, threatening to squeeze profits on cars it builds at home for foreign markets.

Toyota and other manufacturers are struggling to restore production in the wake of Japan’s worst temblor and biggest tsunami ever, forcing them to absorb costs as factories remain idle. Yet for exporters, persistent yen strength could prove more damaging to profits.

Mar 16, 2011

Thriving metropolis or ghost town? Crisis transforms Tokyo

TOKYO (Reuters) – Areas of Tokyo usually packed with office workers crammed into sushi restaurants and noodle shops were eerily quiet. Many schools were closed. Companies allowed workers to stay home. Long queues formed at airports.

As Japanese authorities struggled to avert disaster at an earthquake-battered nuclear complex 240 km (150 miles) to the north, parts of Tokyo resembled a ghost town.

Mar 7, 2011

Terumo to buy U.S. medical device firm for $2.6 billion

TOKYO (Reuters) – Terumo Corp (4543.T: Quote, Profile, Research, Stock Buzz) said it would buy U.S. medical device company CaridianBCT from a Swedish firm for about $2.6 billion, marking the largest acquisition by a Japanese medical equipment maker.

The deal underscores an aggressive push by Japanese firms to take advantage of a strong yen to snap up overseas assets and expand outside their mature home market.

Mar 7, 2011

Terumo to buy US medical device firm for $2.6 bln

TOKYO, March 7 (Reuters) – Terumo Corp (4543.T: Quote, Profile, Research, Stock Buzz) said it would
buy U.S. medical device company CaridianBCT from a Swedish firm
for about $2.6 billion, marking the largest acquisition by a
Japanese medical equipment maker.

The deal underscores an aggressive push by Japanese firms to
take advantage of a strong yen to snap up overseas assets and
expand outside their mature home market.

Mar 3, 2011

Itochu taps strong yen to buy Kwik Fit for 637 mln pounds

TOKYO (Reuters) – Japanese trading giant Itochu Corp (8001.T: Quote, Profile, Research) said it will take advantage of a still-strong yen to buy Britain’s leading tyre seller Kwik Fit from French fund PAI Partners for 637 million pounds.

Itochu, Japan’s No.2 trading company, said on Thursday its third-largest acquisition ever will help bolster its retail business.

    • About Mariko

      "From Tokyo, Mariko covers daily news and deals involving Japanese real estate companies and airlines."
      Hometown:
      Tokyo
      Joined Reuters:
      2004
      Languages:
      Japanese and English
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