News Column

Kyodo news summary -3-

June 4, 2014



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Japan's key bond yield rises to 0.615% in morning

TOKYO - The yield on the benchmark 10-year Japanese government bond ended Thursday morning higher on rises in Tokyo stocks.

The yield on the No. 334, 0.6 percent issue, the main barometer of long-term interest rates, ended morning interdealer trading at 0.615 percent, up 0.005 percentage point from Wednesday's close.

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Rainy season starts in Tokyo, Hokuriku regions

TOKYO - The rainy season has begun in the Kanto-Koshin region, including the Tokyo metropolitan area, and the Hokuriku region in central Japan facing the Sea of Japan, the weather agency said Thursday.

The season's arrival was three days earlier than average in the Kanto-Koshin region and seven days earlier in the Hokuriku area, according to the Japan Meteorological Agency.

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No humanitarian crisis in Ukraine, envoy says at U.N.

NEW YORK - Ukraine's Ambassador to the United Nations on Wednesday said that there is no humanitarian crisis in his country, contradicting Russian claims that there are thousands of trapped residents in eastern parts of the country where fighting has been intense.

"In Ukraine, we do not have a humanitarian crisis," Yuriy Sergeyev told reporters at a press conference. "This is incorrect saying that thousands of civilians are trapped in besieged areas. Ukrainian forces are not besieging eastern cities."

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S. Korea army to hold 1st military exercise in U.S. next week

SEOUL - South Korea's army will hold its first joint war exercise in the mainland United States next week, involving some 170 South Korean soldiers, the country's Defense Ministry said Thursday.

"The upcoming exercise aims at enhancing capabilities to carry out joint operations through holding joint exercises in a real combat-like environment," the ministry said in a statement.

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Dollar slides into mid-102 yen zone as caution takes over before ECB

TOKYO - The U.S. dollar slipped down into the mid-102 yen zone in Tokyo on Thursday morning as traders avoided risk awaiting the outcome of the European Central Bank's policy meeting.

At noon, the dollar fetched 102.57-58 yen compared with 102.70-80 yen in New York and 102.63-65 yen in Tokyo at 5 p.m. Wednesday.

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Japan automakers seek unified specifications for components

TOKYO - Toyota Motor Corp. and 13 other Japanese auto and motorcycle makers have set up a joint panel to study unifying the specifications of parts in order to reduce costs and improve international competitiveness, sources familiar with the matter said Thursday.

The automakers are targeting parts that have broad utility such as steel sheets, resin and semiconductors, the sources said.

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Tokyo stocks edge up in morning on hope for U.S. economic recovery

TOKYO - Tokyo stocks rose slightly Thursday morning on investors' hopes for recovery of the U.S. economy on brisk economic data.

The 225-issue Nikkei Stock Average gained 7.95 points, or 0.05 percent, from Wednesday to 15,075.91. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 0.50 point, or 0.04 percent, to 1,234.45.



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Source: Japan Economic Newswire


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