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Japan Economic Newswire via NewsEdge Corporation :

TOKYO, Oct. 25_(Kyodo) _ ———- Sanyo, 3M end patent row over lithium ion battery cathode materials

TOKYO - Sanyo Electric Co. said Thursday it has reached an out-of-court settlement with 3M Co. of the United States over 3M’s patented technology concerning new material for lithium ion battery cathodes.

Under the settlement, Sanyo is now licensed to use the patented technology on the advanced material containing cobalt, manganese and nickel, Sanyo spokesman Akihiko Oiwa said. He declined to disclose the financial details of the deal.

———- China’s economy grows 11.5% in 3rd qtr

BEIJING - China’s economy continued its fast-paced growth in the third quarter of 2007, expanding 11.5 percent from a year earlier, the National Bureau of Statistics said Thursday.

While the expansion in gross domestic product of the July-September period was down slightly from 11.9 percent in the April-June quarter, it translated into a gain of 11.5 percent for the first nine months of the year, according to bureau statistics.

———- Key 10-year JGB prices fall in morning on position squaring

TOKYO - Prices of the benchmark 10-year Japanese government bond fell Thursday morning on selling for position adjustments ahead of the auction of new 20-year bonds later in the day.

In interdealer trading, the yield on the No. 288 1.7 percent issue rose 0.020 percentage point from Wednesday’s close to 1.585 percent. The bellwether bond yield had fallen Wednesday to its lowest level in five weeks.

———- Dollar near 114 yen line on gloomy U.S. housing data, economic woes

TOKYO - The U.S. dollar remained weak and traded near the 114 yen line Thursday morning in Tokyo as dismal U.S. housing figures and corporate earnings cast a shadow over the nation’s financial condition.

At noon, the dollar was quoted at 114.05-10 yen, compared with Wednesday’s 5 p.m. quotes of 114.21-31 yen in New York and 114.35-37 yen in Tokyo.

———- Nikkei rises slightly in morning in directionless trading

TOKYO - Japan’s benchmark Nikkei stock index rose slightly Thursday morning in directionless trading on dip buying of recent decliners.

The 225-issue Nikkei Stock Average gained 34.75 points, or 0.21 percent, to 16,393.14. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 5.18 points, or 0.33 percent, to 1,558.68.

<<Japan Economic Newswire — 10/26/07>>