Japan's sub-prime losses double
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Losses at Japanese financial firms from the US sub-prime loan crisis more than doubled in the last three months of 2007.
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Three Japanese banks that have been asked to provide $5 billion each to a subprime support fund planned by U.S. banks have balked at what they see as an unreasonably high figure, the Nikkei business daily reported on Saturday.
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Japan&#39;s Nikkei 225 average is down more than two percent by mid-morning Monday after the dollar&#39;s tumble against the yen hit tech firms and exporters.
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Japanese stocks fell for a second day Tuesday on disappointing consumer spending and industrial production data. Retailers were among the decliners.
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By Kyodo News International, Tokyo  Jan. 31--TOKYO -- Sony Corp. expects losses in its game division to  expand by 20-40 billion yen from last October's estimate of a 200 billion yen  loss for the 2006 business year ending in March, company officials said  Wednesday.
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Japanese stocks extended losses into a  seventh straight day by midsession on Monday as record-breaking  oil prices and caution about U.S. earnings offset bargain  hunting in some exporters and other recent laggards.
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- Home decor retailer Pier 1 Imports Inc.  on Thursday said its quarterly loss more than doubled amid lower sales and merchandise margins.
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Japan's industrial production falls in October while unemployment rises, providing more evidence of a slowdown in the world's second largest economy.
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Mitsubishi Motors says its losses in the first half of the fiscal year were one-fifth greater than previously reported after its books were hit by a sell-off of its auto loans.
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Wal-Mart Stores Inc's  Japan unit,  Seiyu Ltd (8268.T), said on Tuesday that it likely lost twice  as much money last year as previously forecast due to slumping  sales and asset write-downs.
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Japan&#39;s Nikkei 225 Stock Average dropped for a second day in three. Banks such as UFJ Holdings Inc. and Mitsubishi Tokyo Financial Group Inc.
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Japanese megabank and merger target UFJ unveils huge losses and a $6.4bn cash injection from its favoured suitor.
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Three Japanese banks that have been asked  to provide $5 billion each to a subprime support fund planned  by U.S. banks have balked at what they see as an unreasonably  high figure, the Nikkei business daily reported on Saturday.
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Japan's Nikkei average slipped 1.11 percent on Wednesday to its lowest finish in nearly two weeks, hurt by a tumble in U.S. stocks and a stronger yen by offering to buy a further 25 percent stake in the ailing chip maker for $1.25 billion.
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Japanese stocks extended losses into a  fourth straight day by mid morning on Friday following a slide  in U.S. markets, with Sony Corp. adding extra downward pressure  after it cut its operating profit estimate.
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Vivendi Universal posted a first-half net loss Tuesday that almost doubled to 1.86 billion, as it was hit by currency translation losses linked to its entertainment deal with NBC.
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Japan&#39;s Nikkei average sank 1.69 percent to below the key 11,000 mark by mid afternoon on Friday with stocks across the board losing ground after the government surprised the market by revising down economic growth figures.