News Column

Kyodo news summary -6-

July 15, 2014



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Japan's key bond yield ends flat at 0.535%

TOKYO - The yield on the bellwether 10-year Japanese government bond ended flat Tuesday as the market showed muted reaction to the outcome of the Bank of Japan's two-day policy meeting.

The yield on the No. 334, 0.6 percent issue, the main yardstick of long-term interest rates, ended interdealer trading at 0.535 percent, unchanged from Monday's close.

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Tehran would reject partial lifting of sanctions: Iran official

VIENNA - Iran will reject a plan to partially suspend sanctions over Tehran's nuclear activities as a preliminary step before their ultimate removal, as proposed by the six major countries negotiating the sanctions regime, Iranian Deputy Foreign Minister Abbas Araghchi told Kyodo News on Monday.

"If they expect irreversible measures from Iran, they should do irreversible measures too, and sanctions should be removed all together," Araghchi said in an exclusive interview in Vienna.

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S. Korea establishes committee on unification

SEOUL - South Korea on Tuesday established a committee aimed at making preparations for unification with North Korea, the presidential office said Tuesday.

President Park Geun Hye ordered the formation of such a committee in January.

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China warns U.S. to stay away from S. China Sea disputes

BEIJING - The Chinese Foreign Ministry on Tuesday warned the United States to stay out of territorial disputes in the South China Sea after a U.S. diplomat proposed a plan of action for managing the rows between China and some of its Asian neighbors.

China "hopes outside countries will observe strict neutrality, differentiate between right and wrong and respect efforts of countries of the region to safeguard regional peace and stability," ministry spokesman Hong Lei said, adding that Chinese sovereignty over the disputed areas in question is "indisputable."

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Roland management team buys company successfully

HAMAMATSU, Japan - Electronic musical instrument maker Roland Corp. said Tuesday its management team has successfully completed a tender offer for Roland shares despite opposition from the firm's founder Ikutaro Kakehashi.

The successful management buyout is expected to lead Roland shares to be delisted from the First Section of the Tokyo Stock Exchange.

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FOCUS: Abe's security move gives food for thought on bilateral alliance

TOKYO - For university student Yui Iwamuro, the U.S. Camp Zama near Tokyo is the closest she has got to anything military. She is one of many young students and adults who consider war, or the prospect of Japan going to war, as something distant, improbable and unrealistic in the 21st century.

But Prime Minister Shinzo Abe's move toward expanding the role of Japan's armed forces has caused her to think again about Japan's postwar history and pacifist Constitution, which has defined its security posture with a heavy U.S. military presence.

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Human error, weather blamed for Apache helicopter crash in Taiwan

TAIPEI - Human error and poor weather both contributed to the crash of a new AH-64E Apache attack helicopter in April, Taiwan'sDefense Ministry said Tuesday in issuing the final conclusions of its investigation into the cause of the accident.

Hwang Kuo-ming, deputy inspector general of the Army Command Headquarters, told a press conference in Taipei that the pilots, lacking experience, failed to react effectively to problems encountered as the helicopter flew low in hazy and foggy conditions in northwestern Taiwan on April 25.



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Source: Japan Economic Newswire


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