SINGAPORE (Reuters) -- Japan led decliners in a mostly weak market for Asian stocks on Thursday, unnerved by speculation about higher interest rates and uncertain growth prospects in the United States, a major market for Asian goods.

Seoul escaped the selling, notching up a seventh straight record high as shipbuilders Samsung Heavy Industries and Hyundai Mipo Dockyard rose after announcing ship orders.

Most stock markets in Asia fell after minutes from a U.S. Federal Reserve meeting and comments from Fed officials suggested interest rates could rise, which added to worries about the risk of inflation and slower economic growth.

Tokyo's Nikkei index ended down 0.7 percent, dragged down by technology shares, such as Advantest Corp and Canon, which lost 1.6 and 2.1 percent, respectively.

The mood was cautious as the earnings season gets under way.

"The market is holding up, but if we see weak earnings numbers, we have to expect further falls in the market," said Yumi Nishimura, a manager at the investment advisory section of Daiwa Securities SMBC.

MSCI's broadest index of shares elsewhere in Asia was down 0.1 percent by 0620 GMT.

Singapore's Straits Times fell 1.2 percent, while Taiwan's benchmark index was 0.1 percent lower.

Seoul's Korea Composite Stock Price Index (KOSPI) ended up 0.8 percent and Australian shares closed up 0.1 percent at a record closing high.


decliner
値下{ねさ}がり銘柄{めいがら}

unnerved by
《be ~》~に狼狽{ろうばい}する[落ち着きをなくす]

speculation
〔不確かな情報に基づく〕推量{すいりょう}、推理{すいり}、推測{すいそく}、憶測{おくそく}、思弁{しべん}、空論{くうろん}

インフレーション【inflation】

特定の経済部門の価格上昇にとどまらず,一般的な物価水準が継続的に上昇し,貨幣価値が下落すること。発生原因により需要・ボトルネック・財政・調整・コスト・賃金・輸入インフレなど,物価上昇の速さによってマイルド・クリーピング・ハイパー・ギャロッピング-インフレなどの分類がある。インフレ。
notch up
〔記録{きろく}・勝利{しょうり}などを〕達成{たっせい}する、獲得{かくとく}する

shipbuilder
造船{ぞうせん}技師{ぎし}[業者{ぎょうしゃ}・会社{かいしゃ}]

respectively
それぞれ、各々{おのおの}、一つ一つ、個々{ここ}に、各自{かくじ}
・ Naoko and Simon

earnings season
決算発表{けっさん はっぴょう}シーズン

get under way
始まる、軌道{きどう}に乗る、船出{ふなで}する、実行{じっこう}される

benchmark
〔他のものと比較{ひかく}するときの〕基準{きじゅん}、標準{ひょうじゅん}
・ The new eco-car is a benchmark in fuel efficiency. その新型エコカーが、燃費に関する一つの目安だ。



TOKYO, Japan (Reuters) -- Chinese Premier Wen Jiabao begins a three-day visit to Japan on Wednesday. It will mark the first visit of a Chinese premier to Japan since 2000, following a freeze in ties prompted by former Japanese Prime Minister Junichiro Koizumi's visits to the controversial Yasukuni shrine.

Here are key facts about China-Japan relations.

HISTORY AND YASUKUNI SHRINE

• Japan invaded and occupied large parts of China from 1931 to 1945 and memories of Japanese atrocities run deep, especially the Nanjing massacre of 1937, when China says Japanese soldiers killed 300,000 people in what was then the national capital. An Allied war tribunal after World War II put the number of civilians killed at around 142,000, while some conservative Japanese scholars and politicians say no massacre occurred.

• China and other Asian countries are critical of Tokyo's Yasukuni shrine to war dead, which they call a symbol of past militarism. Among the some 2.5 million souls honored in the Shinto shrine are 14 Class A war criminals convicted by an Allied tribunal after World War II.

• Koizumi, prime minister from 2001 to 2006, made annual visits to the shrine while in office, leading Beijing to protest and stop bilateral summits. The Japanese leader said he paid his respects at Yasukuni to honor the war dead and to promise Japan would never again go to war.

Incumbent Japanese Prime Minister Shinzo Abe has visited Yasukuni in the past, but has not gone since he took office in September 2006 and has kept silent on whether he will go.

ECONOMICS AND TRADE

• Japan is the economic giant of Asia, with an economy worth $4.5 trillion in 2005, while China's was worth $2.2 trillion. But China's economy is growing fast and may rival Japan's in size after another decade.

• Trade between China and Japan has grown strongly despite tense political relations. China including Hong Kong is already Japan's biggest trade partner, ahead of the United States, with two-way trade totaling nearly 29 trillion yen ($240 billion) last year, according to Japanese data. That was up 16 percent from the previous year.

THE EAST CHINA SEA DISPUTE

• China and Japan disagree over the boundary between their exclusive economic zones in the sea between them. Japan says the median line between the two countries' coasts is the boundary. China says the boundary is defined by its continental shelf, extending its claimed zone beyond the median line.

• Tokyo objects to Chinese development of the Chunxiao gas field in seas close to Japan's claimed boundary. Japan fears drilling there could drain gas from what it claims is its side of the line through a honeycomb of seabed rocks.

• The sea also holds a group of eight islets, known as Senkaku in Japan and Diaoyu in China, over which both Japan and China claim sovereignty.

INTERNATIONAL SECURITY

• Japan wants a bigger global security role and a permanent seat on the United Nations Security Council. It worries about China's rising military spending and has opposed the lifting of the European Union's 1989 ban on selling arms to China, imposed after Beijing's Tiananmen Square crackdown.

• Beijing is wary of Tokyo's efforts to escape the limits of its pacifist postwar constitution on military activity abroad.

• Sometimes violent protests against Japan erupted in China in April 2005, when thousands took to city streets to oppose Japan's bid for a permanent seat on the U.N. Security Council and to denounce accounts in some Japanese government-approved history textbooks as whitewashing.

Sources: Reuters; Japan External Trade Organisation (www.jetro.go.jp); Selig Harrison (ed.), Seabed Petroleum in Northeast Asia



prompted by
《be ~》促して~させる

atrocity
残虐行為{ざんぎゃく こうい}、極悪{ごくあく}、残虐{ざんぎゃく}、非道{ひどう}、暴虐{ぼうぎゃく}さ

tribunal
法廷{ほうてい}、裁判所{さいばんしょ}、裁決機関{さいけつ きかん}

protest
抗議{こうぎ}、異議{いぎ}、反対{はんたい}

bilateral
二者会議{にしゃ かいぎ}、二国間協議{にこくかん きょうぎ}、二者間協定{にしゃ かん きょうてい}

incumbent
現職(者){げんしょく(しゃ)}、在任(者){ざいにん(しゃ)}、現職議員{げんしょく ぎいん}

exclusive
排他的{はいたてき}な人、交際相手{こうさい あいて}を限定{げんてい}する人[組織{そしき}・グループ]
独占記事{どくせん きじ}、スクープ、特ダネ  独占的{どくせんてき}な権利{けんり}、専売権{せんばい けん}
median line
中線{ちゅうせん}、正中線{せいちゅうせん}

lifting of the ban
解禁{かいきん}

impose
(人に厚かましく)出しゃばる、威圧{いあつ}する、つけ込む、乱用{らんよう}する、だます

wary
警戒{けいかい}している、慎重{しんちょう}な、油断{ゆだん}のない、用心深い{ようじんぶかい}、細心{さいしん}の、気を付ける、周到{しゅうとう}な

pacifist
平和主義者{へいわ しゅぎ しゃ}、

bid
入札{にゅうさつ}、入札{にゅうさつ}の機会{きかい}、入札{にゅうさつ}の順番{じゅんばん}、競売{きょうばい}[入札{にゅうさつ}]に付されるもの

denounce
〔公然{こうぜん}と〕非難{ひなん}する、責める、非を鳴らす、糾弾{きゅうだん}する


Asian stocks flat, Seoul edges to record


TOKYO, Japan (Reuters) -- Asian stocks halted their rally on Tuesday as investors turned cautious ahead of earnings results from large-cap companies, but Seoul shares briefly touched a record high.

The Korea Composite Stock Price Index (KOSPI) hit a record high of 1,502.27, but by 0033 GMT had turned 0.1 percent lower.

Tokyo's Nikkei share average was down 0.2 percent as shares of Sony and other recent gainers were sold after the previous session's advance of nearly 1.5 percent.

"Investors' focus is now shifting to micro from macro -- they are looking ahead to corporate earnings coming out later in the month," said Norihiro Fujito, general manager of investment research and information at Mitsubishi UFJ Securities in Tokyo.

MSCI's measure of Asia Pacific stocks excluding Japan rose 0.4 percent.


halted

差し止める

rally
回復{かいふく}、反発{はんぱつ}、反騰相場{はんとう そうば}

cautious of
~に用心{ようじん}して、~に注意{ちゅうい}を払って
large-cap stock
大型株{おおがたかぶ}

gainer
値上{ねあ}がり株

excluding
~を除いて