News Column

Kyodo news summary -3-

January 23, 2014

TOKYO , Jan. 24 -- ( Kyodo ) _ ---------- Gov't to approve Japan Post's new education insurance: ministers TOKYO - The government will give Japan Post Insurance Co. on Friday approval to launch a new savings-oriented education insurance product, Finance Minister Taro Aso and Internal Affairs and Communications Minister Yoshitaka Shindo said. The Financial Services Agency and Ministry of Internal Affairs and Communications will allow the company to launch the new educational endowment insurance in April, when the new school year begins, government officials said. ---------- Key bond yield hits one-and-a-half-month intraday low in morning TOKYO - The yield on the bellwether 10-year Japanese government bond briefly fell to the lowest intraday level in one and a half months of 0.635 percent on Friday morning on bond-buying prompted by Tokyo shares' large losses. The yield on the No. 332, 0.6 percent issue, the main yardstick of long-term interest rates, ended morning interdealer trading at 0.640 percent, down 0.015 percentage point from Thursday's close. ---------- Tokyo stocks continue to decline in morning on weak China data TOKYO - Tokyo stocks extended losses Friday morning, with the Nikkei hitting a one-month intraday low on lower U.S and European stocks overnight following disappointing Chinese economic data for January. The 225-issue Nikkei Stock Average, which sagged about 120 points the previous day, shed an additional 241.09 points, or 1.54 percent, to 15,454.80. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 16.95 points, or 1.32 percent, to 1,270.57. ---------- Japan to expand number of foreign workers in construction sector TOKYO - Cabinet ministers Friday discussed how the number of foreigners in Japan's construction sector should be upped to soften the sector's serious labor shortage stemming from greater public works outlays associated with "Abenomics" stimulus policy, officials said. Relevant ministers present at the ministerial meeting included Chief Cabinet Secretary Yoshihide Suga , land and infrastructure minister Akihiro Ota and Justice Minister Sadakazu Tanigaki . ---------- FEATURE: Vets reopen clinic away from home in Fukushima KORIYAMA, Japan - A husband and wife veterinarian couple is continuing to provide a vital service to pet owners from near the crippled Fukushima Daiichi power plant, despite having been forced to evacuate their home town because of the nuclear crisis there. Michiko Watanabe , 55, and her husband Seido, 54, reopened their animal clinic in Koriyama, Fukushima Prefecture, in April 2012 , a year after the nuclear crisis broke out. ---------- Dollar rises to mid-103 yen zone after overnight fall TOKYO - The U.S. dollar rose to the mid-103 yen zone Friday morning in Tokyo after briefly falling into the upper 102 yen range overnight in New York on unease over the outlook for the Chinese economy. At noon, the dollar fetched 103.53-54 yen compared with 103.22-32 yen in New York and 104.34-35 yen in Tokyo at 5 p.m. Thursday .


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Source: Japan Economic Newswire


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