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JAPANESE NEWSPAPER HIGHLIGHTS - AUG 1, 2007.

AsiaPulse News

| August 01, 2007 | COPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TOKYO, Aug 1 Asia Pulse - Highlights of today's newspapers:

NIKKEI NET:

- Tokyo Electric Power Co. (TSE:9501) on Tuesday sharply lowered its earnings forecast for fiscal year 2007 due to costs associated with the suspension of a quake-stricken nuclear power plant, but the firm's bottom line may take a further hit given that potential outlays for repairs were not included.

- Nomura Holdings Inc.'s (TSE:8604) stock price has been relatively strong even though the brokerage suffered a huge loss due to its exposure to subprime loans in the U.S., but the problem may get worse.

- The Bank of Japan on Tuesday outlined plans for selling the shares it purchased from private-sector banks earlier this decade to stave off a potential financial crisis.

- Sharp Corp. (TSE:6753) on Tuesday unveiled plans to construct the world's largest LCD panel production hub, which will be capable of churning out 72,000 large substrates ...

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