News Column

Kyodo news summary -3-

February 4, 2014

TOKYO , Feb. 5 -- ( Kyodo ) _ ---------- Mitsubishi Motors to promote Managing Director Aikawa to president TOKYO - Mitsubishi Motors Corp. said Wednesday it will promote Managing Director Tetsuro Aikawa to president on June 25 , replacing Osamu Masuko , who will become chief executive officer and chairman. Aikawa, 59, will also serve as chief operating officer. With the appointment, the Japanese automaker will create CEO and COO posts. ---------- Ex- Fujitsu affiliate worker nabbed over fake ATM card scheme YOKOHAMA - A former employee of a Fujitsu Ltd. affiliate who was maintaining the ATM network of the Bank of Yokohama was arrested last fall on suspicion of stealing bank savings of a customer with an account at a different financial institution who used the bank's ATM, police said Wednesday. Toshikazu Akahoshi , 46, a former employee of Fujitsu Frontech Ltd. , allegedly made fake ATM cards by acquiring account data of users of the bank's ATMs. He is now suspected of having withdrawn about 24 million yen from about 50 accounts at banks other than the Bank of Yokohama between 2012 and 2013, according to the investigation. ---------- Japan faces "disadvantages" without collective self-defense: Abe TOKYO - Prime Minister Shinzo Abe said Wednesday Japan faces "disadvantages" through refraining from exercising the right of collective self-defense, expressing a strong desire to lift the self-imposed ban on its exercise. He told a Diet committee the country can exercise the right "if the government comes out with a new constitutional interpretation. It does not necessarily require us to revise the Constitution." ---------- Dollar falls to lower 101 yen level in Tokyo morning deals TOKYO - The U.S. dollar fell to the lower 101 yen range Wednesday morning in Tokyo , relinquishing gains made overnight in New York as a rally in emerging currencies proved insufficient to dispel worries over their economies. At noon, the dollar fetched 101.30-32 yen compared with 101.56-66 yen in New York and 101.09-10 yen in Tokyo at 5 p.m. Tuesday .

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Source: Japan Economic Newswire

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