News Column

Kyodo news summary -1-

June 8, 2014



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Japan's Jan.-March GDP growth upgraded to annual 6.7%

TOKYO - Japan's economy grew an annualized 6.7 percent in the first quarter of 2014 in inflation adjusted terms, upgraded from preliminary data due mainly to an upward revision to corporate capital spending, the government said Monday.

The January-March expansion in real gross domestic product, the total value of goods and services produced at home, corresponded to a 1.6 percent increase from the previous quarter, the Cabinet Office said.

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Nikkei hits 3-month high in early trade after strong Japan, U.S. data

TOKYO - Tokyo stocks opened higher Monday, with the Nikkei hitting a three-month high following releases of strong data for U.S. payrolls for May and Japanese economic growth data for the January-to-March period.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 94.75 points, or 0.63 percent, from Friday to 15,171.99. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 5.15 points, or 0.42 percent, at 1,239.72.

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Dollar trades just above mid-102 yen in early Tokyo deals

TOKYO - The dollar traded just above the mid-102 yen line in Tokyo early Monday, almost unchanged from its levels in New York last Friday.

At 9 a.m., the dollar fetched 102.63-73 yen compared with 102.42-52 yen in New York and 102.26-27 yen in Tokyo at 5 p.m. Friday.

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Japan's April current account surplus at 187.4 bil. yen

TOKYO - Japan's current account surplus fell 76.1 percent from a year earlier to 187.4 billion yen in April, marking the third straight month of black ink, the government said Monday.

Among key components in the current account balance, one of the widest gauges of international trade for a country, the balance of goods trade came to a deficit of 780.4 billion yen, the Finance Ministry said in a preliminary report.

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Gunmen launch attack on Pakistan'sKarachi international airport

ISLAMABAD - Unidentified gunmen Sunday night launched an attack on Karachi'sJinnah International Airport, killing four airport security personnel while at least one plane was set on fire on the tarmac, media reports quoting sources at the airport said.

The gunmen, armed with hand grenades and automatic weapons, used an entrance to a terminal for Haj pilgrims, trying to approach a hangar where VIP aircraft are parked.

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Prince Katsura, cousin of Emperor Akihito, dies at 66

TOKYO - Prince Katsura, a cousin of Emperor Akihito, died of acute heart failure at a Tokyo hospital Sunday morning, the Imperial Household Agency said. He was 66.

He was taken to the University of Tokyo Hospital in critical condition shortly after 9 a.m. and was pronounced dead at 10:55 a.m. after efforts to resuscitate him failed. His body was returned to his home in Tokyo at around 1 p.m., the agency said.

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Thai junta lifts curfew in 3 more tourist destinations

BANGKOK - Thailand's junta lifted its curfew Sunday in three more tourist destinations to ease the restriction's negative impact on tourism, one of Thailand's major industries.

The coup makers, who call themselves the National Council for Peace and Order, lifted the curfew on Ko Chang Island in Trat Province, in the Hat Yai district in Songkhla Province and on Pha-Ngan Island in Surat Thani Province.



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Source: Japan Economic Newswire


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