News Column

Kyodo news summary -5-

July 24, 2014



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Dollar drifts within mid-101 yen zone as traders remain risk-wary

TOKYO - The U.S. dollar moved narrowly within the mid-101 yen zone in Tokyo on Thursday, as signs of U.S. economic strength failed to inspire traders to buy the currency against a background of ongoing geopolitical tensions.

At 5 p.m., the dollar fetched 101.45-46 yen compared with 101.43-53 yen in New York and 101.37-38 yen in Tokyo at 5 p.m. Wednesday. It moved between 101.42 yen and 101.59 yen during the day, changing hands most frequently at 101.54 yen.

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Ishihara's group eyes new Constitution under new opposition party

TOKYO - A group led by outspoken lawmaker Shintaro Ishihara set on Thursday goals and basic policies for a new opposition party it is seeking to establish next month, including the octogenarian's long-sought goal of stipulating a whole new Constitution.

The group also decided that on nuclear power, the Party for Future Generations will say the country's dependency on nuclear power should be ended by diversifying its energy sources, while noting in its goal that nuclear technology needs to be maintained.

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Global monetary easing may hamper growth in Asia: BOJ's Kuroda

TOKYO - Current monetary easing measures employed by central banks in advanced economies may destabilize healthy growth in Asia, Bank of Japan Governor Haruhiko Kuroda said Thursday in Bangkok.

"The current global accommodative financial conditions raise the possibility of unhealthy global capital flows into Asian economies," Kuroda said in a speech at the Bank of Thailand, the text of which was released in Tokyo.

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Japan's average gasoline price falls for 1st time in 20 weeks

TOKYO - The average retail price of regular gasoline in Japan has fallen for the first time in 20 weeks, the government said Thursday.

The average price stood at 169.80 yen per liter as of Tuesday, down 0.10 yen from July 14, according to the Agency for Natural Resources and Energy, an affiliate of the Ministry of Economy, Trade and Industry.



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Source: Japan Economic Newswire


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