News Column

Kyodo news summary -2-

July 14, 2014



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Price of 10-year Japanese bond futures edges higher in morning

TOKYO - The price of the key futures contract for 10-year Japanese government bonds rose slightly Tuesday morning amid a wait-and-see mood ahead of the closure of the Bank of Japan's policy meeting and congressional testimony by U.S. Federal Reserve chief Janet Yellen later in the day.

The price of the September contract gained 0.04 point to 145.89 on the Osaka Exchange.

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Tokyo stocks rise in morning on overnight gains on Wall St.

TOKYO - Tokyo stocks rose Tuesday morning as investor sentiment was brightened by overnight gains on Wall Street.

The 225-issue Nikkei Stock Average gained 119.84 points, or 0.78 percent, from Monday to 15,416.66. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 8.92 points, or 0.70 percent, at 1,274.38.

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BOJ keeps inflation forecasts steady, projects 1.9% in FY 2015

TOKYO - The Bank of Japan on Tuesday kept its ultraloose monetary policy steady to boost the economy while sticking to its earlier inflation forecasts, in a move that suggests the central bank will not immediately take action to further ease monetary conditions.

The BOJ, which ended a two-day policy meeting, cut its projection for the country's growth for fiscal 2014 to an average 1.0 percent from 1.1 percent forecast in April, due apparently to negative impact from the April 1 consumption tax hike.

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Diplomat to lead int'l affairs at Tokyo gov't ahead of Olympics

TOKYO - Akio Miyajima, deputy chief of mission at the Japanese Embassy in Britain, will take up a new post leading the Tokyo metropolitan government's foreign affairs activities, the central government said Tuesday, citing a Cabinet decision.

With the career diplomat in the post to be created Wednesday, the capital aims to strengthen exchanges with other metropolises around the world in the run-up to the 2020 Tokyo Olympic and Paralympic Games.

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S. Korea bids to host China-initiated infrastructure bank HQ: report

SEOUL - South Korea has put in a bid to host the headquarters of a new infrastructure investment bank that China wants to set up as a counterbalance to the Asian Development Bank led by the United States and Japan, a Seoul newspaper reported Tuesday.

The government made the request in April, saying it wants to establish the Asia Infrastructure Investment Bank headquarters in Seoul or Songdo International City, west of the capital, the English-language Korea JoongAng Daily reported, citing government sources.

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High court rejects appeal for retrial over 1979 murder case

MIYAZAKI, Japan - A Japanese high court rejected on Tuesday an appeal for a retrial filed by a woman who served a 10-year prison term for the murder of her brother-in-law in 1979.

Ayako Haraguchi, 87, has consistently pleaded not guilty to killing Kunio Nakamura, whose body was found in Osaki, Kagoshima Prefecture. But the confessions of three of Haraguchi's relatives, considered accomplices, were critical in the guilty verdicts.

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Japan, U.S. resume series of talks on farm tariffs, autos

WASHINGTON - Officials from Japan and the United States resumed a series of meetings Monday to discuss tariffs on agriculture produce under a Pacific Rim free trade pact, as well as bilateral trade of automobiles.

The Japanese and U.S. officials followed up a meeting of chief negotiators of the 12-country Trans-Pacific Partnership initiative, which ended Saturday in Ottawa without any breakthroughs on the current impasse.



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Source: Japan Economic Newswire


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