Kyodo economic news summary -3-.
TOKYO, June 1 Kyodo
---------- Nissan Noun 1. Nissan - the seventh month of the civil year; the first month of the ecclesiastic year (in March and April)
Hebrew calendar, Jewish calendar - (Judaism) the calendar used by the Jews; dates from 3761 BC (the assumed date of the Creation of the plans to move headquarters to Yokohama around 2010
TOKYO - Nissan Motor Co. is considering moving most of its head office operations from Tokyo to Yokohama, where it was founded 71 years ago, sources close to the move said Tuesday.
Nissan is looking to transfer its head office functions from Tokyo's Ginza district to Yokohama's Minato Mirai in a waterfront area around 2010, the sources said.
---------- South Korea's trade surplus hits 65-month high in May
SEOUL - South Korea's trade surplus topped $3 billion in May, the largest monthly surplus in more than five years on the back of strong exports to the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and China, South Korea's Yonhap News Agency reported Tuesday.
Yonhap, quoting the ministry of Commerce, Industry and Energy The Ministry of Industry, Commerce and Energy is a branch of the South Korean government. It is concerned with regulating economic policy, especially with regards to the industrial and energy sectors. The ministry also works to encourage foreign investment in Korea. , said customs-cleared exports rose 42.4 percent in the month to $20.9 billion and imports rose 32.3 percent to $17.88 billion for an overall surplus of $3.01 billion, the biggest single-month figure in five years and five months.
---------- Dollar recovers to upper 109 yen level in Tokyo morning deals
TOKYO - The U.S. dollar recovered to the upper half of the 109 yen range Tuesday morning in Tokyo as market participants bought back the currency following its falls the previous day.
At noon, the dollar was quoted at 109.81-83 yen against Monday's 5 p.m. quote of 109.55-57 yen in Tokyo. The markets in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and London were closed Monday for holidays.