Japan''s imported vehicle sales including those built by Japanese carmakers abroad rose 9.1% in August to 18,100 units from a year ago, according to data released by the Japan Automobile Association Thursday. The increase is the fourth consecutive in as many months. Imports of foreign brands alone, however, fell 5.5% to 14,406 cars, falling for the 14th month in a row due to weaker sales of new models.
Of the Nikkei 225 index stocks Fast Retailing led the decliners with a fall of 4.3% followed by Resona Holdings down 4.04%. NSK Ltd ended down 3.73%, Nikon Corp shed 3.7% while Nippon Oil Corp lost 3.61% after BBC reported Thursday the firm would start paying in yen for Iranian oil. The first payments for crude oil contracts will be made in October. Iran has been increasingly selling oil in currencies other than dollar because of political differences with the U.S. over its nuclear program.
Of the index shares, financials fell. Mizuho Financial closed down 3.42% while Softbank Corp, Sumitomo Trust and Banking Co Ltd, Shinsei Bank Ltd and Sumitomo Mitsui Ltd lost 3.2%, 3.1%, and 3% respectively.
In other Tokyo stocks, Mitsubishi UFJ Nicos led gainers rallying 4.5% followed by Shionogi & Co up 3.33% and Astellas Pharmacy rose 3.13%. Mitsumi Electrical Co rose 2.9% while Daikin Industries closed up 2.32%.
Rising metal and crude oil prices lifted refiners and miners. Inpex increased 1.9% and Japan Petroleum Exploration soared 6.5%. Sumitomo Metal & Mining advanced 2.23%.
Honda Motor Co closed down 0.8% after announcing Thursday that it will recall more than 63,000 vehicles due to faulty brake-light system and speedometers. The automaker said it will recall the Civic and Civic Hybrid sedans as well as Stream minivans manufactured between August 2005 and January 2007. Honda said it received a total of 155 reports from customers about the two types of defects. It said in some cases excess lubricating oil on the telescoping steering wheel system meant drivers were not able to move the gear shift lever from the park position, affecting the brake-light system. |