News Column

Kyodo news summary -7-

June 19, 2014


Dollar stays weak in upper 101 yen zone as dovish Fed disappoints

TOKYO - The U.S. dollar remained weak in the upper 101 yen level in Tokyo on Thursday as market players' expectations of a U.S. interest rate hike sometime soon were dampened by the Federal Reserve taking a more dovish stance than expected.

At 5 p.m., the dollar fetched 101.78-79 yen compared with 101.87-97 yen in New York and 102.22-24 yen in Tokyo at 5 p.m. Wednesday. It moved between 101.74 yen and 102.00 yen during the day, changing hands most frequently at 101.88 yen.


Kyodo News reappoints Fukuyama as president

TOKYO - Kyodo News on Thursday reappointed Masaki Fukuyama as president of the leading Japanese news agency for his second term.

At a board meeting, the news agency also reappointed Senior Executive Director Yujiro Sato as well as the company's executive directors and executive auditor.


Another boat carrying Indonesian migrant workers sinks off Malaysia

KUALA LUMPUR - A boat with 27 Indonesian migrant workers capsized early Thursday off Malaysia's west coast, barely 24 hours after another boat carrying 97 Indonesians capsized in nearby waters.

In the latest incident, Malaysian Maritime Enforcement Agency director of operations, Capt. Hamid Mohamad Amin, said 18 people have been rescued but nine are missing.


TV personality Kuroyanagi visits Philippine cyclone-hit area

TACLOBAN CITY, Philippines - Japanese television personality Tetsuko Kuroyanagi wrapped up Thursday a four-day visit to Cyclone Haiyan-affected areas in the central Philippines.

Kuroyanagi, 80, is a UNICEF goodwill ambassador.


Ministry adopts new strategy to promote int'l weapon development

TOKYO - The Japanese Defense Ministry adopted on Thursday a new defense industry development strategy calling for proactive participation by Japanese firms in international joint development of defense equipment including fighter aircraft.

The ministry in doing so revised the government's 44-year-old strategy that had given priority to domestic production of defense equipment.


Prosecutors not to indict man arrested for Anne Frank book vandalism

TOKYO - Prosecutors will not indict a man arrested for vandalizing books related to Anne Frank as psychiatric tests have shown he was insane at the time of offense, sources familiar with the matter said Thursday.

The 36-year-old unemployed man is suspected of ripping pages from more than 40 copies of "The Diary of a Young Girl" by Anne Frank as well as related books in two libraries in Tokyo since February, according to police and investigative sources.


China's top Taiwan policy negotiator to visit Taiwan next week

TAIPEI - China's top Taiwan policy negotiator will visit the island next week, the first trip since Beijing established a government agency responsible for Taiwan affairs in 1988, an official said Thursday.

Mainland Affairs Council spokeswoman Wu Mei-hung told a press conference in Taipei that China's Taiwan Affairs Council Minister Zhang Zhijun will begin a four-day trip to Taiwan next Wednesday.


Nonresidents top 30% in Japan stockholding for 1st time in FY 2013

TOKYO - The ratio of nonresident investors stood at 30.8 percent in fiscal 2013 in the Japanese stock market, up 2.8 percentage points from the previous year, bourse operators said Thursday.

The figure marked the highest since comparative data become available in fiscal 1970, placing foreigners for the first time as the largest segment among investors, according to data from four operators of stock exchanges in Tokyo, Nagoya, Fukuoka and Sapporo.


Japan to pay 110 bil. yen for rights to air 4 Olympics through 2024

TOKYO - A consortium of Japanese public broadcaster NHK and commercial television broadcasters said Thursday it has agreed with the International Olympic Committee to pay 110 billion yen for the rights to broadcast the 2020 and 2024 Summer Olympics, and the 2018 and 2022 Winter Games to viewers in Japan.

According to NHK and the Japan Commercial Broadcasters Association, the consortium will acquire the rights for the 2018 Winter Olympics in Pyeongchang, South Korea, and the 2020 Summer Games in Tokyo for a total of 66 billion yen, while paying a total of 44 billion yen for the 2022 Winter Games and the 2024 Olympics.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Japan Economic Newswire

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