News Column

Kyodo news summary -5-

July 28, 2014



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Nissan group net profit up 36.7% to 112 bil. yen in April-June

YOKOHAMA - Nissan Motor Co. said Monday its group net profit gained 36.7 percent from a year earlier to 112.13 billion yen in the April to June period thanks to strong sales in the United States and China.

The Japanese automaker's consolidated operating profit rose 13.4 percent to 122.61 billion yen on sales of 2.47 trillion yen, up 10.4 percent.

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Japan's key bond yield falls to 0.520%

TOKYO - The yield on the bellwether 10-year Japanese government bond finished lower Monday as buying took the upper hand in the wake of rises in U.S. government bond prices on Friday.

The yield on the No. 334, 0.6 percent issue, the main yardstick of long-term interest rates, ended interdealer trading at 0.520 percent, down 0.005 percentage point from Friday's close.

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S. Korean leader appeared eager to mend ties with Japan: governor

TOKYO - South Korean President Park Geun Hye appeared eager to repair strained ties with Japan, Tokyo Gov. Yoichi Masuzoe said Monday after reporting his meeting with the South Korean leader in Seoul last week to the chief Cabinet secretary.

Masuzoe told reporters that he informed the secretary, Yoshihide Suga, of his "strong impression" that Park does not think the two nations can remain in the current state and she wants to improve their relations.

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Japan announces additional sanctions on Russia over Ukraine

TOKYO - Japan will impose additional sanctions on Russia for failing to defuse the crisis in Ukraine, where the recent downing of a Malaysia Airlines jet killed all 298 people aboard, the government said Monday.

Assets held in Japan by individuals or groups directly involved in Russia's annexation of Crimea or the instability in eastern Ukraine will be frozen, Chief Cabinet Secretary Yoshihide Suga said during a daily press briefing.



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Source: Japan Economic Newswire


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