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- Japan's JX: no problem with paying Iran for oil now
TOKYO (Reuters) - Japan's top oil refiner, JX Nippon Oil & Energy Corp, is not facing a problem paying Iran for crude imports, the company said on Thursday, after a major Japanese bank froze transactions with Iranian banks on the order of a U.S. court. Japan's Bank of Tokyo-Mitsubishi UFJ said it had frozen Iranian assets and transactions with Iranian banks after being ordered to do so early this month by the New York District Court. The step is a consequence of a U.S. court decision in 2007 that ordered Iran to pay more than $2. ...
- Growth figures show Japan on recovery track
Japan's economy grew by a faster-than-expected 1.0 percent in the latest quarter, figures showed on Thursday, as rising domestic demand and a boost in exports kept it on the recovery path.
- Japanese consumers lead economic rebound in first quarter
TOKYO (Reuters) - Japan's economy bounced back in the first quarter from a year-end lull, powering ahead of other major industrial nations thanks to rebuilding of the tsunami-battered northeast, solid private spending and some improvement in exports. The world's third-largest economy grew 1.0 percent in the January-March quarter, just above a median forecast of 0.9 percent. A 0.2 percent contraction in the economy reported for the final three months of 2011 was revised up to flat in the government data released on Thursday. ...
- Fugitive penguin 337 spotted alive in Tokyo Bay
TOKYO (Reuters) - After Penguin Number 337 made a daring bid for freedom from a Tokyo aquarium and vanished into the waters of Tokyo Bay two months ago, many feared the worst for the adventurous feathered fugitive. But the one-year-old Humboldt penguin has now popped up on video footage in a different part of the bay, frolicking in the water and apparently healthy. The penguin, still too young to determine whether it is male or female and thus known only by a number, scaled a rock wall four metres (13 ft) high and squeezed through a barbed wire fence to escape its harbourside aquarium in ...
- Japanese growth in strong bounce
Japan's economy rebounded in the first quarter, but analysts warned that the pace of expansion will soon ease as temporary boosts to consumption and investment fade.
- Japan Jan-March GDP up 1.0% on quarter
Japan's economy grew by 1.0 percent in the January to March quarter compared with the previous three months, according to the latest official data, as the world's third-largest economy mounts a slow recovery.
- Instant View: Japan economy rebounds in Jan-March
TOKYO (Reuters) - Japan's economy rebounded in January-March from a lull in the previous quarter, shaking off the pain of a strong yen and Europe's debt crisis on solid consumer spending and rebuilding from last year's earthquake. KEY POINTS: - Gross domestic product (GDP) expanded 1.0 percent in January-March from the previous quarter after a revised 0.0 percent result for October-December last year. The increase compared with a median market forecast of a 0.9 percent rise. - On an annualized basis, GDP rose 4.1 percent, bigger than a 3.5 percent increase expected by economists. ...
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