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Asian economic and corporate news summary.

Europe Intelligence Wire

| October 31, 2006 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From AFX UK (Focus))

BEIJING (XFN-ASIA) - A summary of Asian economic and corporate news at 0950 GMT

JAPAN:

-Bank of Japan keeps overnight call rate target at 0.25 pct

-Bank of Japan says economy recovering, to adjust rates gradually

-Bank of Japan governor says slow rate hike policy unaffected by weak data

-Bank of Japan cuts inflation forecasts

-Sept unemployment rate unexpectedly rises to 4.2 pct

-Sept employee average pay unchanged yr/yr, overtime up 3 pct

-Sept household spending falls 6 pct yr-on-yr, deeper than forecast

-Sept housing starts up 4.0 pct yr-on-yr, beats market forecast

-Sept orders received by 50 largest contractors up 9 pct yr-on-yr

-Mitsubishi Corp H1 net profit 234.83 bln yen vs 178.31 bln

-Mitsubishi Corp H1 net profit hits record, hikes FY forecast

-Tokyo Electric Power H1 to Sept net profit 177.55 bln yen vs 107.98 bln

-Mitsui & Co H1 net profit 159.2 bln yen vs 83.2 bln

-Tobacco H1 to Sept net profit 122.65 bln yen vs 101.00 bln

-East JR H1 to Sept net profit 121.89 bln yen vs 100.40 bln

-Sumitomo Metal Industries H1 net profit 99.78 bln yen vs 92.07 bln yen

-Denso H1 to Sept net profit 94.12 bln yen vs 67.23 bln

-Denso H1 net profit rises 40 pct on higher car sales at parent Toyota

-Denso's H1 net profit rises 40 pct

-Komatsu H1 to Sept net profit 67.21 bln yen vs 59.80 bln

-Kobe Steel H1 to Sept net profit 51.58 bln yen vs 36.71 bln

-Mitsui Fudosan H1 net profit 39.50 bln yen vs 23.25 bln yen

-Toshiba H1 to Sept net profit 38.83 bln yen vs 14.65 bln

-Toshiba H1 net profit up 165 pct on electronics, home appliances sales

-Toshiba sells full stake in Toshiba Ceramics via 61 bln yen management buyout

-Murata Manufacturing H1 net profit 33.84 bln yen vs 24.79 bln yen

-All Nippon Airways H1 net profit 33.29 bln yen vs 19.72 bln yen

-Eisai H1 to Sept net profit 32.51 bln yen vs 30.16 bln

-West Japan Railway H1 net profit 31.75 bln yen vs 29.73 bln yen

-Sojitz's H1 net profit 31.36 bln yen vs 25.91 bln yen

-Sojitz's H1 net profit rises …

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