Softbank, Dentsu, Nippon Meat to Join Nikkei Average
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Softbank Corp., Dentsu Inc. and Nippon Meat Packers Inc. will be added to the Nikkei 225 Stock Average, according to the provider of the 55-year-old benchmark.
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Internet and telecoms giant Softbank Corp  (9984.T) will spend about 40 billion yen ($350 million) to  start operations next year at a new data centre in southwestern  Japan, the Nikkei business daily said on Sunday.
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Japan's Nikkei stock average edged up by mid-session on Wednesday as exporters like Canon Inc. bounced back from losses, but gains were limited by data confirming weak economic growth in the three months to September.
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The Nikkei average was up 0.79 percent on   Tuesday as investors picked up exporters such as Advantest Corp   6857.T and TDK Corp. 6762.T on hopes that a cheap yen would   boost their profits.
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The Nikkei average edged down 0.12  percent on Wednesday as profit-taking wiped out earlier gains  in Softbank Corp. (9984.T) and other index heavyweights, and  paper stocks lost ground after Oji Paper Co. Ltd. (3861.T) said  it expected its $1.4 billion takeover bid for a rival to fail.
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Tokyo&#39;s Nikkei share average gained 0.94 percent in shortened trade on Thursday, with carmakers supported by a weaker yen, while banks extended recent gains as investors cheered progress in their handling of bad loans.
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The Nikkei average dipped 0.37 percent by  the close on Wednesday as some major banks, including UFJ  Holdings Inc., reversed gains made after Japan's state  turnaround body approved a restructuring plan for troubled  retailer Daiei Inc.
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Japan's Nikkei average edged up 0.27 percent by midsession on Tuesday as buyers went after shipping firms with solid financial prospects while an upbeat earnings result and outlook propelled Mazda Motor Corp. higher.
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The Nikkei average was up 0.34 percent by  midsession on Thursday as buyers went after companies with  solid earnings prospects such as Furukawa Electric Co. and  Kawasaki Kisen Kaisha Ltd., while the dollar's recovery helped  auto makers.
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Japan&#39;s Nikkei 225 average is up about 0.4 percent by midday on Wednesday as a rally in US stocks inspired buying. Taiwan, New Zealand and Singapore are also higher, but there are slight falls in South Korea and Australia.
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Japan's Nikkei average is expected to  extend gains on Thursday as investors keep a healthy appetite  for blue-chip exporters after a fall in oil prices boosted  confidence over the U.S. economy and lifted Wall Street stocks.
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The Nikkei average ended up 0.17 percent   on Tuesday as investors sought bargains in stocks such as   Internet group Softbank Corp. while a stronger yen saw profits   taken on exporters such as Honda Motor Co. Ltd.
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Japanese stocks are expected to change  little from the previous day's closing levels on Thursday as  investors await key domestic economic data and earnings reports  from companies such as Tokyo Electron Ltd.  September machinery  orders data is due on Thursday afternoon, ahead of Friday's  gross domestic product (GDP) figures for the July-September  quarter.
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The Nikkei average rose 1.22 percent on  Thursday as Wall Street's gains fueled buying of exporters such  as Honda Motor Co. Ltd. and a rebound in crude oil and other  commodities prices lifted trading houses such as Mitsubishi  Corp.
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Softbank Corp , Japan's smallest  mobile phone carrier, said on Monday it would not charge  monthly fees for three years to students signing up to the  carrier for the first time. Softbank, which is trying to grab  market share in a saturated market, outstripped bigger rivals  NTT DoCoMo Inc  and KDDI Corp  in netting new  users in December for the eighth straight month.
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Japan's Nikkei average rose 0.42 percent  by midsession on Wednesday and was poised to hit a five-month  closing high for the second straight day as a rally in U.S.  stocks inspired buying.
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Tokyo stocks closed little changed on  Wednesday with shares such as Softbank Corp. that will be added  to the Nikkei average in October getting a lift but  profit-taking hitting some small-caps and other recent gainers.