* Nikkei gains, yen weakens on BOJ decision
* Strategists say ETF, REIT buying a positive surprise
* Markets had mostly priced in BOJ move- participants

By Mari Saito
TOKYO, April 27 (Reuters) – Japans Nikkei share average
rose 0.4 percent in afternoon trading on Friday after the Bank
of Japan eased monetary policy by boosting its asset buying
programme by 10 trillion yen ($124 billion) and said it would
buy riskier assets to support the economy.
Bank of Japan, which is under mounting government pressure
to spur economic growth, also said it will buy longer-term
government bonds and said it would not take too long for
consumer inflation to reach the central banks 1 percent target.
The yen weakened on the move, with the dollar last traded at
81.16 yen after trading near 80 yen in morning trade.
The benchmark Nikkei was up 30.72 points to 9,591.98
after jumping as high as 9,691.70 shortly after the BOJ
announcement. The index was trading nearly flat throughout
morning trade.
Markets had mostly priced in the decision by the BOJ to
expand its asset purchasing programme on Friday, but market
players said its decision to expand its buying of riskier
assets, exchange-traded funds and real estate investment trusts,
were a positive surprise.
The Nikkeis volatility index, its fear gauge,
reversed earlier gains and fell 3.4 percent to 19.67. A lower
volatility index indicates an increase in risk appetite.
Japans major exporters rose, with Honda Motor Co
up 0.6 percent, Toyota Motor Corp gaining 1.1 percent
and Nissan Motor Co up 1.4 percent.
The broader Topix was up 0.1 percent to 810.47.
The market, after the initial surprise out of the BOJ, is
going to trade around current levels. Most of the decisions out
of the BOJ were already priced in by the market, but you can
definitely now see a change in stance from the bank, said
Kenichi Hirano, operating officer at Tachibana Securities.
But analysts warned that the brief euphoria over the central
bank move would be short-lived.
The current market reaction has gone too far. The decision
is in line with market expectations but its good for the
market. We are expecting a modest rise in the market in early
May, said Hisao Matsuura, equity strategist at Nomura.

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This year of change continued Thursday with the final Rockets game on Fox Sports Houston, which signed on as Home Sports Entertainment in January 1983 with a Rockets game and had been the teams cable/satellite home, except for a brief period, ever since.

But what escaped my notice until this week is that Thursday also marked the end of the Rockets contract with KILT (610 AM), their radio flagship since 2002.

We know that when the Rockets next take the court, they will be seen on the newly launched Comcast SportsNet Houston. But where will they be heard?

KILTs new contract with the Texans binds CBS Radio even more fervently with the NFL. The Rockets are KILTs second team, and I cant imagine that sits well with management.

So I think its fair to assume Rockets radio rights will be in play. The team will not comment, and KILT program director Gavin Spittle also declined comment Thursday.

Possible alternatives include Clear Channels KBME (790 AM) or KTRH (740 AM). If Comcast retains KFNC (97.5 FM), maybe the Rockets would choose to capitalize on the NBAs relationship with ESPN. And if youre looking for a dark horse, what about supplementing news with sports on KROI (92.1 FM)?

While we await a decison, the Rockets radio future is another variable in a market filled with moving parts.

Cable changes

Every time I mention CSN Houston, someone asks if it will be available only to Comcast cable subscribers.

Thats not the case. It will be offered to DirecTV, Dish Network, U-verse and other cable providers, who must strike a deal with the NBC Sports Group to carry it.

As for Fox Sports Houston, it will continue with Astros games through the end of the baseball season. Dont be surprised if the Houston area is subsequently folded back into the greater five-state Fox Sports Southwest empire.

Jon Heidtke, longtime general manager for the Fox regional network, said last week in College Station the future of the FS Houston footprint has yet to be decided.

We will be bringing events into the Houston marketplace with the Texans and Dynamo and our high school coverage, and I certainly anticipate we will always have a presence (in Houston), Heidtke said. But as we bring more content in from around the region (including a full load of Rangers games next season), having Houston fall under the Southwest banner is an option rather than having a branded Houston entity. We wouldnt have the (satellite) transponder needs for Astros and Rockets games.

Voice of the Skeeters

Thursdays inaugural Sugar Land Skeeters game also featured the debut of Fort Bend County native and University of Texas graduate Lane Zieben calling play-by-play on the teams website, SugarLandSkeeters.com, and Cox Radios websites at TheNew93Q.com and HoustonsEagle.com.

Zieben, who grew up in the First Colony area and graduated from Elkins High School, spent the past six years in Austin, graduating from Texas in 3½ years and building up his rÃsumà calling Longhorns soccer, softball and volleyball games and assembling and voicing video highlights for the Round Rock Express games.

He also worked as a spotter for Carter Blackburn on ESPN college football broadcasts and called games off monitors in Austin during the World University Games in China.

When I heard rumblings about the Skeeters, my first thought was how I could get on with them, Zieben said. I contacted them a year before they were thinking about hiring a broadcaster, and I checked back again in six months and every time I came to town to visit my family.

He admires Jim Nantzs delivery, Mike Tiricos versatility, Bob Costas storytelling ability and Blackburns hustle, which has influenced his own. And now he has a chance to show what he can do in the biggest grind of them all: 140-plus baseball games, home and away.

Its my show to run, he said. But Im confident. Im grateful to the people who have helped get me to this position, and now its paying it forward. You have to meet the right people who know how much you care about what you want to do. Carter gave me that opportunity, and now its paying off.

Four DVRs, no waiting

KPRC (Channel 2) has its second Dynamo away game at 6:30 pm Saturday at DC United. Glenn Davis and Eddie Robinson will call the game with Channel 2 reporter Ryan Korsgard on the sidelines. …

The nationwide sports migration to FM continues, with ESPN announcing a deal Thursday to move its New York station from 1050 AM to 98.7 FM, where it will displace the legendary urban station WRKS, aka KISS FM. ESPN will lease 98.7 FM from Emmis Communications and will flip its AM signal to ESPN Deportes in September. … Im a fan of WGBHs American Experience on PBS, but the Jesse Owens film at 7 pm Tuesday didnt show me anything I hadnt learned from ESPNs SportsCentury bio, which aired in 1999.

NBCs Olympic hosts from London will be Bob Costas in prime time, Al Michaels and Dan Patrick on daytime shows and Mary Carillo in late night. Ryan Seacrest, John McEnroe and Bela Karolyi will return as contributors. … NBA games on ABC this season averaged a 3.3 rating with 5.4 million viewers, up from 3.0 and 5.1 million, respectively.

david.barron@chron.com

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There have been many advertisements on television lately that deal with the various medications that can be prescribed by your doctor to address the topic of ED in men. The term ED refers to erectile dysfunction which is a common symptom for many men, affecting their ability to have blood flow to the male organ to allow for natural arousal.

There are medications on the market that can address that issue effectively and a couple of them are quite well known due to the advertising that has been commonly seen on television. These same high quality medications are available now online and can be found at great savings so that buying them locally is not always needed.

Medications such as viagra 100mg and cialis 20mg are both available online now, making it much easier and more convenient for men who are seeking the medications to get them. The online ordering option allows for the order to be placed any day and at any hour of the day or night. If your local pharmacy has hours that are inconvenient for you, you do not need to wait for them to be open for business in order to refill your prescription.

The fact that drugs such as viagra 100mg and cialis 20mg can be brought directly to your door via the mail is another great advantage. There is a wonderful convenience in the delivery option and it saves you the need to be at a pharmacy to wait in line and pick up the pills you need.

Safe and effective medications are as close as your computer screen. Your doctor’s prescription for your viagra 100mg or cialis 20mg can be filled online with the ease of a few moments of your time and the medications that can address the male ED symptoms can be delivered in a short time right to your home.

Let the convenience and the great internet pricing be your advantages and get the medications you need with no inconvenience to your busy schedule. This is the best time to be shopping online for the medications that your doctor prescribes for you.



On Sunday afternoon, about 20 kids and 10 parents got together at San Mateo’s Baywood Elementary School, where Amaey Shah went to school, to build Lego sculptures that could be auctioned off by Kids and Art. Shah, who loved Lego, died in September at age 9 after a six-year battle with leukemia.

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FOMC maintains loose US monetary policy
The US Federal Open Market Committee last week indicated it would maintain a highly accommodative stance for monetary policy until late 2014.

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  • Proposed Markham arena would rival ACC
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MARKHAM-

Town councillors gambled Thursday night on the success of a proposed $325-million sports and entertainment complex by agreeing to borrow half the money.

In an 11-to-2 vote, the 13-member council voted to borrow $162.5 million for 20 years, with development partners bankrolling an equal amount and agreeing to give the centre to the town which would profit from a lease-back deal, plus ticket sales and parking fees.

Sports entrepreneur W. Graeme Roustan and real estate billionaire Rudy Bratty pledged to bankroll the remaining $162.5 million for the proposed 20,000-seat, 600,000-square-foot Markham Sports, Entertainment and Cultural Centre also called the GTA Centre.

This is an exciting opportunity for Markham, Mayor Frank Scarpitti said after the last public delegate finished speaking at 10 pm, and before councillors addressed the meeting prior to the 11:16 pm final vote.

Reminding councillors that they were briefed during in-camera meetings over the past 18 months, Scarpitti said council only agreed to the shared financial partnership deal.

In future months, as more steps in the project are proposed, council can reject subsequent stages they find unacceptable, he said.

This is far from the end of the process, Scarpitti said. Were quite a ways from getting a shovel in the ground … there is a lot of work to be done.

He predicted the exciting proposal would attract more business, sports and housing construction near the site as part of a major expansion in an area called Markham Town Centre.

Additional residential surcharges levied on new condominiums and apartments would offset a major portion of the towns 20-year-loan, but a builders group representative told council her members regard the extra fees as unfair.

Scarpitti said property values will increase with new construction near the site, and developers will profit proportionately.

The two holdouts, York Regional Councillors Jim Jones and Joe Li, opposed the town financing the project, saying it should be a privately-financed, privately-run facility, like other large sports and entertainment complexes.

Li criticized councils decision to hold in-camera meetings and urged colleagues to be more transparent and open future discussions to the public.

Scarpitti defended the private talks, stiffly reminding Li that council adheres to Ontario Municipal Act guidelines, to avoid lawsuits and offered to give him a copy.

I dont think weve done anything inappropriate, the mayor said.

Roustan told reporters he and his partners hope to start construction near Kennedy Rd. and Hwy. 407 late this summer or early fall, with the complexs opening predicted for the fall of 2014.

Town CAO Andy Taylor said even if costs rise and the complex fails to meet expectations for concerts, sports, art shows, an art gallery, plus public events, households would pay only $160 each over five years to cover the loan.

As councillors and about 150 gallery visitors listened to his presentation earlier — with some residents expressing doubts about elected officials having time to properly digest details — Taylor predicted no tax rate increase related to the building of this facility.

He said additional public transit bus routes and parking would be provided and more than 600 jobs would be created for construction of the complex.

One of the big draws for the complex would be a second National Hockey League team for the GTA, but Roustan, CEO of GTA Sports amp; Entertainment, and Bratty, head of the Remington Group of developers, insisted their plans do not rely on landing a second franchise.

The developers said Live Nation, a partner in the project, will book events that are expected to attract 780,000 annual paying visitors.

There has been overwhelming support from the community, Roustan told reporters.

At the first public meeting last Friday, he promised to work non-stop to bring the 2015 World Junior Hockey Championship to Markham, which would stand a good chance if the complex is finished the previous fall.

His assistant on Thursday gave reporters a copy of Hockey Canada president and CEO Bob Nicholsons letter to Roustan last Oct. 17, which promised to consider his new facility when the 2015 word Junior Championships venue is being considered and welcomed the project.

Several local sports leaders lauded the project.

Bruce Jackson, president of the 50-year-old Markham Waxers Junior A hockey team, said his group is excited … at the prospects of a facility like this, which will enthuse young players.

This is a fabulous thing, he said.

There will be three more public meetings to discuss the next stages of the project, with councils motion asking staff to keep reviewing plans and consider applications from other investors.

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If the European monetary union is something like a bad marriage, what can be done to avoid a messy and disastrous divorce?

Broadly speaking, there are now two prescriptions. One calls for sacrifices and compromises from all sides. The other, echoing the law that used to exist in many societies, is simple: the husband Germany should rule. Did not the wife promise to obey? It is too late to try to get out of that agreement.

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Hong Kong (HKSAR) – The following is issued on behalf of the Hong Kong Monetary Authority:

According to statistics published today (April 30) by the Hong Kong Monetary Authority, total deposits with authorised institutions fell by 0.9% in March. With demand, savings and time deposits decreasing, Hong Kong-dollar deposits fell by 1.6% during the month. Overall foreign-currency deposits edged down by 0.1% in March, and renminbi deposits in Hong Kong declined by 2.1% to RMB554.3 billion at the end of the month.

The total remittance of the renminbi for cross-border trade settlement amounted to RMB227.3 billion in March, compared with RMB187.5 billion in the previous month.

Total loans and advances expanded by 0.9% in March. Loans for use in Hong Kong increased by 0.3% and loans for use outside Hong Kong rose by 2.2%.

As Hong Kong-dollar loans contracted at a slower pace than deposits, the Hong Kong-dollar loan-to-deposit ratio edged up to 82.5% at the end of March from 81.4% a month ago.

In the first quarter of 2012, loans for use in Hong Kong expanded by 1.5%, after a contraction of 0.5% in the previous quarter. Analysed by economic use, trade finance and loans to financial concerns and the wholesale and retail sectors rebounded, while loans for building, construction, property development and investment decreased.

Seasonally adjusted Hong Kong-dollar M1 grew by 0.9% in March and expanded by 7.8% year on year.

Unadjusted Hong Kong-dollar M3 declined by 1.4% during the month but rose by 7.3% from a year earlier.

Source: HKSAR Government

Published on: 2012-04-30

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Alderman Tony Zielinski talking to Patty Pritchard Thompson at April 12 Bay View Art Stop public meeting. –photo Gretchen Theisen

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By Gaurav Raghuvanshi

– Singapore’s central bank says risks remain to inflation in Asia.

– It keeps 2012 inflation, economic growth forecasts.

– It says elevated oil prices could spur inflation.

SINGAPORE -(MarketWatch)- Singapore’s inflation is likely to stay elevated in the coming months and ease only gradually later in 2012, the island nation’s central bank said in a report Monday, reiterating its existing estimates for inflation and economic growth this year.

“While the pace of subsequent price increases will ease from the high seen earlier this year, overall inflation will remain firm,” the Monetary Authority of Singapore said in its post monetary policy Macroeconomic Review, flagging tight resource constraints in the labor market and high global crude oil prices.

The central bank expects consumer price inflation to average between 3.5% and 4.5% and the economy to grow between 1% and 3% in 2012.

Economic growth in Singapore, a bellwether for the region, eased to 4.9% in 2011 after a record 14.8% expansion in 2010. Though the economy expanded 9.9% on quarter in seasonally adjusted and annualized terms in the first three months of 2012, underpinned by a recovery in the key electronics sector after the previous year’s disruptions, growth may moderate in coming quarters, the MAS report noted.

“The global economy is expected to resume a steady, though sub-par, growth path in 2012…[but] remains vulnerable to downside risks as deep structural issues persist in the developed economies, particularly the euro zone,” the report said.

The central bank expects the U.S. economy to expand moderately in 2012, while the euro zone might slip into a mild recession, according to the report. Meanwhile, the slowdown in China and elevated oil prices have also added uncertainty to the near-term outlook and these external developments will weigh on domestic growth prospects, it added.

Two weeks after MAS tightened its monetary policy by putting the local dollar on a slightly steeper appreciation path against a basket of currencies of its key trading partners, the central bank said that inflation is expected to ease slightly across Asia in 2012 because of a high base of comparison from 2011, a stabilization in food prices and a slight moderation in output growth.

However, it cautioned that a resurgence in global economic growth could cause underlying price pressures to intensify.

Locally, the central bank expects consumer sentiment to remain firm and the construction industry to continue expanding this year after total contracts awarded rose 17% to S$32 billion last year.

“The drivers of [gross domestic product] growth this year will be skewed toward regional and domestic services, in contrast to previous recoveries. This, to some extent, reflects the continuing unevenness in the pattern of global growth, with the Asian economies expected to outperform the more sluggish industrialized economies,” the report stated.

The MAS also said recent steps from the government–such as higher levies on hiring foreign workers–could impact the profitability of Singapore’s companies in the short term. It added the labor market may remain tight due to supply constraints.

Separately, the government reported Monday that the unemployment rate edged up slightly to a seasonally adjusted 2.1% in the first quarter of this year from 2.0% in the October-December period, as fewer new jobs were created.

But the central bank said hiring sentiment is gradually improving and job creation in the local services industries will absorb workers retrenched from other sectors, supporting the labor market.

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