News Column

Kyodo news summary -6-

June 9, 2014



----------

Tohoku Electric to file for reactor safety checks Tues.

TOKYO - Tohoku Electric Power Co. will file Tuesday for a state safety assessment of its nuclear reactor in northeastern Japan, after local municipalities gave it the green light Monday, the company said.

The utility's filing for the No. 1 reactor at its Higashidori nuclear plant in Aomori Prefecture will bring the total number of reactor safety review applications to 19 since new safety requirements were introduced in the wake of the Fukushima nuclear crisis in 2011.

----------

Dollar stays in mid-102 yen zone despite Japan's robust GDP

TOKYO - The U.S. dollar largely stayed in the mid-102 yen zone Monday in Tokyo despite an unexpected rise in Japan's revised first quarter economic growth data, as the currency was supported by relatively strong U.S. jobs data released Friday.

At 5 p.m., the dollar fetched 102.45-46 yen compared with 102.42-52 yen in New York and 102.26-27 yen in Tokyo at 5 p.m. Friday. It moved between 102.38 yen and 102.65 yen during the day, changing hands most frequently at 102.52 yen.

----------

Indian president stresses foreign policy roadmap in address

NEW DELHI - Indian President Pranab Mukherjee said Monday that India will strive to make progress in the many initiatives that are ongoing with Japan, especially in the field of building modern infrastructure.

Addressing the customary joint session of parliament after the formation of the new government in New Delhi, Mukherjee said that the government will also engage energetically with its neighbors, including China, "with whom we will work to further develop our strategic and cooperative partnership."

----------

Consumer, business confidence up in May after April tax hike

TOKYO - Japanese consumers and workers with jobs sensitive to economic trends regained confidence in May, indicating their optimism that the negative impact of the first consumption tax hike in 17 years will wane soon, government surveys showed Monday.

The seasonally adjusted index of sentiment among households made up of two or more people rose 2.3 points from a month earlier to 39.3 in May, marking the first gain in six months, the Cabinet Office said. Readings below 50 suggest pessimists outnumber optimists.

----------

Wounded Shiite pilgrims airlifted to Quetta after attack

ISLAMABAD - Fourteen Shiite pilgrims wounded in an attack by a sectarian Sunni Muslim group in a southwestern Pakistani town bordering Iran on Sunday evening were airlifted to the provincial capital of Quetta on Monday, officials in Quetta said.

A total of 23 pilgrims who had just returned from Iran and checked into two hotels in Taftan were killed in the attack. News of the attack took time to travel because the border post is located some 900 kilometers southeast of the provincial capital of Baluchistan province.

----------

Japan to pass referendum bill to lower minimum voting age in future

TOKYO - Japan's parliament is set to pass a bill into law as early as Friday to revise Japan's national referendum law and lower the minimum voting age to 18 from 20 four years after the revision takes effect, lawmakers said Monday.

The House of Councillors Commission on the Constitution decided to take a vote Wednesday on changing rules under the Act on Procedures for Amendment of the Constitution of Japan, paving the way for passage during the ongoing Diet session through June 22.

----------

Nintendo Europe to shed 130 jobs for restructuring

OSAKA - Nintendo Co. said Monday it will shed about 130 jobs at its headquarters in Germany to restructure its European business.

With the job reduction at Nintendo of Europe GmbH, based in Grossostheim, its European headquarters functions will be moved to the Frankfurt office while distribution needs at Nintendo of Europe will be outsourced, the video game company said.



For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Japan Economic Newswire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters