Reported by Star-Bulletin staff & wire
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Yen may keep rising
TOKYO >> The yen was headed for a winning week in Asia after overseas investors were net buyers of Japanese shares last week and industrial production rose in November for a third month, signs Japan's economy is growing.
Industrial production increased by 0.8 percent in November from October, the Ministry of Economy, Trade Industry said in Tokyo, less than the 2 percent median gain forecast by 26 economists in a Bloomberg News survey. Foreign investors bought $1.8 billion more shares than they sold in the week that ended Dec. 19, Ministry of Finance figures showed.
"Overseas investors continue to buy stocks given the promising outlook of Japan's economy," said Minoru Shioiri, foreign exchange manager at Mitsubishi Securities Co., a unit of Japan's third-biggest bank. "The yen will continue to rise."
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>> City Mill Co. has promoted four employees to supervisors: Herbert Ewaliko and Matthew Schmitt of the Hawaii Kai store; Matthew Pedersen, Kaimuki; and Bob Mauro, Kaneohe.
>> Craig Pautler has been appointed director of tennis at Mauna Kea Resort. He will oversee the reorganization of the tennis program back to an in-house operation. He comes back to the company after most recently working as director of tennis at Hawaii Preparatory Academy. At the same time, Kerry Crowell has been promoted to head tennis professional at the company.
>> The following people have earned certified residential specialist designations, the highest designation awarded to sales associates, recognizing professional accomplishments in both experience and education. Recipients are: Ryan D. Kumabe and Darlene D. Leong, Herbert K. Horita Realty Inc.; Vhonda Lehua Crawford, Master's Plan Realty; Harry Lee and Tamara A. Halfhill, Century 21 All Islands; Sharon L. Moffatt and Renee Hill, Realty Executives Aiona Properties; Linda Mensching and Ellen H. Hiromoto, Coldwell Banker Pacific Properties; Kelly Ann Wakayama, Clark Realty Corp.; Joel Backman, ERA Maui Real Estate; Grace M. Koreyasu, Prudential Locations; Newton Kim, Discovery Properties; and Cindy Rees-Ouchi, Waikiki Realty II Inc.