Dollar sags to 1-month low in lower 101 yen on weak U.S. data
TOKYO - The U.S. dollar sagged to a one-month low in the lower 101 yen range Friday in Tokyo as disappointing U.S. spending data reinforced a market view that the Federal Reserve should be in no hurry to raise interest rates.
At 5 p.m., the dollar fetched 101.42-43 yen, compared with 101.67-77 yen in New York and 101.78-80 yen in Tokyo at 5 p.m. Thursday. It briefly hit 101.32 yen, its lowest level since late May in Tokyo, while touching its day's high of 101.77 yen and changing hands most frequently at 101.51 yen.
Chinese fishing boat sinks off isles disputed with Japan
BEIJING - A number of Chinese fishermen are missing after their boat sank Friday morning in waters north of a cluster of islands in the East China Sea that are disputed between China and Japan, state-run media reported.
Two Chinese naval rescue vessels are heading to the scene of the accident, Xinhua News Agency reported.
Opposition alliance to field joint candidate in New Taipei mayor election
TAIPEI - Taiwan's opposition alliance, consisting of the Democratic Progressive Party and Taiwan Solidarity Union, decided Friday to field a joint candidate for the New Taipei mayoral election this fall.
Su Jia-chyuan, convener of a special DPP committee in charge of the nationwide local elections in November, told reporters that Yu Shyi-kun, who was Taiwan's prime minister from 2002 to 2005 at which time the DPP was in power, will be the candidate for the alliance as he led former TSU legislator Lin Jih-jia in various opinion polls.
China sends naval ships to rescue fishermen in E. China Sea
BEIJING - China sent military vessels to rescue Chinese fishermen who went missing after their boat sank Friday in waters north of a cluster of islands in the East China Sea disputed between China and Japan, state-run media reported.
Xinhua News Agency said the fishing boat sank Friday morning and two Chinese naval rescue vessels were heading to the scene.
Abe may visit Bangladesh, Sri Lanka in early September
TOKYO - Japanese Prime Minister Shinzo Abe is considering visiting Bangladesh and Sri Lanka in early September, a government source said Friday.
If Abe makes the visit, Bangladeshi Prime Minister Sheikh Hasina is likely to announce the withdrawal of her country's candidacy for a 2016-2017 nonpermanent seat on the U.N. Security Council.
Xi to visit S. Korea next week in snub to Pyongyang
BEIJING - Chinese President Xi Jinping will visit the Korean Peninsula next week for the first time since coming into office last year, defying tradition by paying his respects to South Korea before the troubled North, in a move that seems intended as a snub to Pyongyang.
During the two-day trip, which will take place from next Thursday, Xi will "exchange views with President Park Geun Hye on bilateral relationships and regional and international issues of common concern," Foreign Ministry spokesman Qin Gang told reporters at a daily press briefing.