News Column

Kyodo news summary -6-

June 24, 2014



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Japan's key bond yield edges down to 0.575%

TOKYO - The yield on the bellwether 10-year Japanese government bond ended slightly lower Tuesday after a midday government bond auction by the Finance Ministry saw solid demand.

The yield on the No. 334, 0.6 percent issue, the main yardstick of long-term interest rates, ended interdealer trading at 0.575 percent, down 0.005 percentage point from Monday's close.

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1 more body recovered from sunken S. Korean ferry

SEOUL - One more body was recovered Tuesday from the passenger ferry that sank off South Korea's southern coast on April 16, bringing the death toll to 293 and the number of people listed as missing to 11, according to a government office charged with handling the maritime disaster.

The body, thought to be of a female high school student, was found on the fourth deck of the sunken ferry around 1 a.m.

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Pioneer, Onkyo agree to integrate audiovisual equipment businesses

TOKYO - Pioneer Corp. and Onkyo Corp. said Tuesday they have reached a basic agreement to integrate their flagging audiovisual equipment businesses amid shrinking demand as consumers increasingly opt for online music and video distribution services.

The Japanese companies aim to rebuild their businesses by jointly procuring parts and sharing logistics networks while continuing to sell the products under their own brand names.

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Death penalty upheld for killer of 2 kin of woman he stalked

FUKUOKA - The Fukuoka High Court on Tuesday upheld a death sentence handed to a 29-year-old man for killing two relatives of a woman he had been stalking in Nagasaki Prefecture in 2011.

Presiding Judge Hiroshi Furuta rejected an appeal filed by Gota Tsutsui against the ruling issued by the Nagasaki District Court in June last year.

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Aquino backs Abe's bid to exercise collective self-defense

TOKYO - Philippine President Benigno Aquino on Tuesday backed Japanese Prime Minister Shinzo Abe's initiative in changing the government's interpretation of the Constitution to allow Japan to exercise the right to collective self-defense, or defending an ally under armed attack.

"We believe that nations of goodwill can only benefit if the Japanese government is empowered to assist others, and is allowed...to come to the aide of those in need, especially in the area of collective self-defense," Aquino told a joint news conference with Abe after a summit in Tokyo where they agreed to cooperate in advancing the rule of law in ensuring regional security.

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Tokyo stocks eke out gains on hopes for new growth strategy

TOKYO - Tokyo stocks ended slightly higher Tuesday on investor hopes for Japan's new growth strategy to be endorsed later in the day, but the market was top-heavy due to selling to lock in recent gains.

The 225-issue Nikkei Stock Average ended up 6.96 points, or 0.05 percent, from Monday at 15,376.24. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 1.02 points, or 0.08 percent, higher at 1,268.50.

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Former Pheu Thai leader establishes anti-coup organization

BANGKOK - Thai junta resistance group "Organisation of Free Thais for Human Rights and Democracy" was officially established Tuesday morning by former ruling party Pheu Thai leader Charupong Ruengsuwan.

Charupong, the ousted Interior minister, has refused to report to junta and is in hiding, according to his announcement made in an 8-minute 27-second video posted on his official Facebook page.



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Source: Japan Economic Newswire


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