TOKYO , Jan. 17 -- ( Kyodo ) _ ---------- Nintendo now projects 25 bil. yen loss for FY 2013 on weak sales OSAKA - Nintendo Co. said Friday it expects to post a net loss of 25 billion yen for the year through March, instead of an earlier-projected profit of 55 billion yen , on weaker-than-expected game console and software sales in the year-end shopping season. But Nintendo President Satoru Iwata vowed not to resign for the earnings deterioration. "Although I feel responsible (for the deterioration), it is important for me to recover a momentum at an early date," he told a press conference. ---------- Japan seeks to double no. of foreign visitors by 2020 Olympics TOKYO - Prime Minister Shinzo Abe said Friday the government aims to double the number of annual foreign visitor arrivals in Japan to 20 million by the 2020 Olympic Games after finding the number topped 10 million last year for the first time. "We have gained a great chance by hosting the Tokyo Olympic and Paralympic Games," said Abe, adding the government will aim for the 20 million mark for 2020. ---------- U.S. base relocation dominates Nago mayoral election NAHA, Japan - Voters will head to the polls for the mayoral election in Nago, Okinawa Prefecture , on Sunday, with the planned relocation of a U.S. Marine base to the city the dominant issue during campaigning. The election pits Nago Mayor Susumu Inamine , 68, who opposes the construction of a new U.S. military facility in the city's Henoko district and is seeking a second four-year term, against Bunshin Suematsu, 65, a former Okinawa prefectural assembly member who backs the relocation plan. ---------- S. Korea rejects N. Korean call to cancel military drills with U.S. SEOUL - South Korea on Friday rejected North Korea's calls for it to cancel military exercises with the United States and dismissed Pyongyang's calls for the two Koreas to stop slandering and provoking each other, saying it is the North that should moderate its behavior. "The military exercises are part of our annual defense training, conducted by any sovereign state, and we officially notify our neighboring countries including North Korea according to international practices and agreements," the Unification Ministry said in a statement. ---------- Gov't orders Orient to improve business over loan scandal TOKYO - The Ministry of Economy, Trade and Industry issued a business improvement order Friday against Orient Corp. over shady loans extended to members of organized crime groups by Mizuho Bank via the consumer credit company. The ministry urged Orient to compile measures to prevent recurrences, such as bolstering its screening to exclude gangsters from transactions and enhancing awareness among its employees. ---------- Indonesia raps Australian border violations, vows more sea patrols JAKARTA - Indonesia on Friday deplored the intrusion of Australian vessels into its territorial waters, demanding clarification from Canberra amid increasing political tension between the two countries. "The government of Indonesia deplores and rejects the violation of its sovereignty and territorial integrity by the Australian vessels," Agus Barnas , spokesman at the office of coordinating minister for political, legal and security affairs, told a press conference.
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