News Column

Kyodo news summary -3-

May 20, 2014


China's Xi urges new Asia security framework without Cold War views

SHANGHAI - Chinese President Xi Jinping on Wednesday called for a new security framework in Asia that is free of an outmoded Cold War-era mentality.

In his speech to a regional security summit, Xi said China stands firm on the path of peaceful development and is committed to resolving territorial disputes through negotiations.


Dollar stays in lower 101 yen zone ahead of BOJ chief's remarks

TOKYO - The U.S. dollar stayed in the lower 101 yen zone Wednesday morning in Tokyo ahead of a press conference by the Bank of Japan chief later in the day following its two-day policy meeting.

At noon, the dollar fetched 101.24-33 yen compared with 101.27-37 yen in New York and 101.38-40 yen in Tokyo at 5 p.m. Tuesday.


Nikkei hits 5-week low, investors' eyes on BOJ's policy meeting

TOKYO - The Nikkei stock index sank to a five-week intraday low Wednesday morning, weighed by losses in export-oriented shares on a stronger yen, in thin trading before the release of the Bank of Japan's policy meeting outcome later in the day.

The 225-issue Nikkei Stock Average shed 40.33 points, or 0.29 percent, from Tuesday to end the morning at 14,034.92, after briefly falling as low as 13,969.71, its lowest intraday level since April 15. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 3.45 points, or 0.30 percent, to 1,149.93.


Japan's key bond yield inches up to 0.59% in morning

TOKYO - The yield on the benchmark 10-year Japanese government bond rose slightly Wednesday morning amid a dearth of major trading incentives.

The yield on the No. 333, 0.6 percent issue, the main yardstick of long-term interest rates, ended morning interdealer trading at 0.590 percent, up 0.005 percentage point from Tuesday's close.

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Source: Japan Economic Newswire

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