News Column

Kyodo news summary -4-

June 23, 2014


Pakistani self-exile refuses to disembark after plane diverted

ISLAMABAD - Tahirul Qadri, self-exiled leader of the Pakistan Awami Tehreek party, refused Monday morning to leave an Islamabad-bound plane after it was diverted by Pakistani aviation authorities to Lahore.

In the meantime, thousands of party workers thronged Lahore Airport to welcome their leader who is championing a "revolution" against a corrupt leadership in Pakistan.


Japan's key bond yield edges higher to 0.580%

TOKYO - The yield on the benchmark 10-year Japanese government bond finished slightly higher Monday on selling in the wake of a moderate rise in the Nikkei stock index.

The yield on the No. 334, 0.6 percent issue, the main yardstick of long-term interest rates, ended interdealer trading at 0.580 percent, up 0.005 percentage point from Friday's close.


BOJ's Kuroda calls for vigilance on overseas economies

TOKYO - Bank of Japan Governor Haruhiko Kuroda said Monday the country's economy has been steadily recovering but that whether it can maintain the momentum largely depends on how exports will expand despite concerns over some overseas economies.

There "remain various uncertainties regarding the outlook for overseas economies, which all warrant vigilance," Kuroda said in a speech at a meeting of business leaders in Tokyo.


Orix to buy engineering company Arrk for 15 bil. yen

TOKYO - Orix Corp. said Monday it will buy a majority share in financially troubled engineering company Arrk Corp. for 14.88 billion yen.

The leading Japanese leasing company plans to acquire a stake of more than two thirds in Arrk through a tender offer. Arrk specializes in engineering services for automakers and other consumer equipment makers.


Japan to showcase "food for women" at Taipei food show

TAIPEI - The Japanese pavilion at this year's Taipei International Food Show will feature the nation's food it claims is preferred by women, Tokyo's de facto mission in Taiwan said Monday.

The Interchange Association, which acts as negotiators in the absence of formal diplomatic ties, said the number of career women in Taiwan and their buying power have grown in recent years and so do their demands for healthy food and beautiful skin-related diets.


Panda in Macao dies from kidney failure

HONG KONG - One of two giant pandas in Macao, Sam Sam, died Sunday four years after China offered the pair as a gift for the territory's 10th handover anniversary, the Macao government said Monday.

The five-year-old female was found to have abnormalities in her kidney functions during a health check last month and had been improving after treatment. But the living pattern changes brought on during the mating season further aggravated her kidney conditions, according to a statement.


Detected tax evasion in Japan hits 39-year low in fiscal 2013

TOKYO - Tax evasion detected by tax authorities in Japan in the year ended March declined 29 percent from the previous year to a 39-year low of around 14.5 billion yen, the National Tax Agency said Monday.

The sharp decline came as tax investigations in the year covered the period of individual and corporate income stagnation following the collapse of U.S. investment bank Lehman Brothers Holdings Inc., the agency said.


Malaysia top court nixes Christians' bid to use "Allah"

KUALA LUMPUR - Malaysia's top court on Monday ruled against the Catholic Church in its long legal battle over the right to use "Allah" to refer to God, in a decision praised by Muslim groups.

In 2009, the Malaysian Roman Catholic Church sued the government for banning the use of the Arabic word "Allah" to refer to God in the Malay-language section of its weekly newspaper, The Herald.

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Source: Japan Economic Newswire

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