News Column

Kyodo news summary -5-

February 17, 2014



TOKYO, Feb. 17 -- (Kyodo) _ ---------- Japan's key bond yield up on higher U.S. Treasury yields

TOKYO - The yield on the bellwether 10-year Japanese government bond ended higher Monday due to Friday's gains in U.S. Treasury yields and Tokyo stocks' rebound on Monday.

The yield on the No. 332, 0.6 percent issue, the main yardstick of long-term interest rates, ended interdealer trading at 0.600 percent, up 0.015 percentage point from Friday's close.

---------- Thailand cuts 2014 economic growth target, GDP up 0.6% in 4th qtr

BANGKOK - Thailand's government economic agency on Monday slashed the growth projection for the nation's economy in 2014 to 3-4 percent, down from 4-5 percent in the previous forecast, after anemic growth in the last quarter of 2013 amid the continuing political turmoil.

The Office of National Economic and Social Development Board said the Thai economy grew just 0.6 percent in the October-December quarter, down from 2.7 percent in the previous quarter.

---------- No survivors in Sunday's Twin Otter crash in western Nepal

KATHMANDU - The wreckage of a small plane that went missing in Nepal on Sunday with 18 people on board was found Monday with no survivors, an army spokesman said.

Jagadish Pokharel said the bodies of all 18 victims have been recovered from the mountainous crash site, and helicopters will airlift them to the capital Kathmandu.

---------- Thai protesters seal off entrance to premier's office

BANGKOK - Thousands of antigovernment protesters put pressure on Prime Minister Yingluck Shinawatra's government Monday by blocking access to Government House where she has her office, using concrete barriers and quick-dry cement to seal off its main entrance.

The move was a setback for Yingluck's government as police had only recently reclaimed areas around the compound to enable her to return to work there. Those areas had been occupied for weeks.

---------- Tokyo stocks rise after choppy trading on soft growth data

TOKYO - Tokyo stocks ended moderately higher on Monday, erasing early losses made on Japan's disappointing growth data, as bargain-hunting buying took the upper hand.

The 225-issue Nikkei Stock Average ended up 80.08 points, or 0.56 percent, from Friday at 14,393.11, for the first gain in three trading days. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 8.23 points, or 0.70 percent, higher at 1,192.05.

---------- No survivors in Sunday's twin-otter crash in western Nepal

KATHMANDU - The wreckage of a small plane that went missing in Nepal on Sunday with 18 people on board was found Monday with no survivors, an army spokesman said.

Jagadish Pokharel said the bodies of all 18 victims have been recovered from the mountainous crash site, and helicopters are en route to airlift them to the capital Kathmandu.

---------- Search for 7 Japanese divers missing in Bali continues into 4th day

DENPASAR, Indonesia - The search for seven Japanese female divers who disappeared Friday while scuba diving off the Indonesian resort island of Bali entered the fourth day Monday.

Search and rescue personnel, operating from boats and aircraft, have yet to find any clues regarding the fate of the seven women -- two diving instructors and five tourists from Japan who went missing near Nusa Lembongan Island.


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Source: Japan Economic Newswire


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