Kyodo economic news summary -5-.
TOKYO, Feb. 17 Kyodo
---------- Dead roosters confirmed to have been infected with bird flu bird flu: see influenza.
or avian influenza
viral respiratory disease, mainly of birds including poultry and waterbirds but also transmissible to humans.
TOKYO - Two of seven dead bantam roosters in Oita Prefecture have been confirmed to have been infected with bird flu, the Ministry of Agriculture, Forestry and Fisheries
The National Institute of Animal Health conducted confirmation tests after two of the seven roosters died recently tested positive for bird flu in preliminary tests.
---------- Emergency meeting on bird flu to be held in Bangkok
BANGKOK - Officials from more than 20 countries in Asia and international experts will hold an emergency meeting in Bangkok later this month to discuss measures to control the bird flu epidemic, a U.N. agency said Tuesday.
The meeting on Feb. 26-28 will be jointly organized by the Thai Ministry of Agriculture and Cooperatives, the U.N. Food and Agriculture Organization (FAO FAO,
n See Food and Agriculture Organization. ), the World Organization for Animal Health and the World Health Organization, the FAO said in a statement.
---------- Japan ad spending down 0.3% in 2003, 3rd yr of decline
TOKYO - Spending on advertising in Japan came to 5,684.1 billion yen in 2003, down 0.3% from 2002 and marking a third straight year of decline, Dentsu Inc. said Tuesday.
The spending was hit by slow progress in Japan's economic recovery and the impact of the war in Iraq, Japan's largest advertising agency said.
---------- Disneyland operator to build youth hostel youth hostel
Supervised shelter providing inexpensive overnight lodging, particularly for young people. Often located in scenic or historic areas, hostels range from simple farmhouses to hotels able to house several hundred people. facility at Urayasu
TOKYO - Oriental Land Co. said Tuesday it will construct a youth hostel facility at Urayasu on the coast of Tokyo Bay where it operates Tokyo Disneyland by March 2006.
The firm said it will fully finance construction of the facility, estimated to cost hundreds of millions of yen, for the use of young people in Urayasu, Chiba Prefecture.
---------- Ex-Nippon Steel Chairman Takeda dies
TOKYO - Yutaka Takeda, former chairman and president of Nippon Steel Corp., died Sunday of heart failure at a Tokyo hospital, Nippon Steel said Tuesday. He was 90.
Takeda, a native of Miyagi Prefecture, became president of Japan's largest steelmaker in 1981 and served as chairman between 1987 and 1989. He also worked as vice chairman of the Japan Federation of Economic Organizations (Keidanren) between 1986 and 1989.
---------- Mitsubishi Motors denies reports about Eckrodt resigning
TOKYO - Mitsubishi Motors Corp. (MMC See MultiMediaCard and Microsoft Management Console. ) denied press reports Tuesday that its president Rolf Eckrodt may step down to take the blame for poor results at the automaker.
''There is no foundation for the articles, which are based purely on speculation,'' MMC said in a statement. ''There are no plans for a retirement.''
---------- Margin stock buying in Japan up for 6th straight week
TOKYO - Margin buying on Japan's three major stock exchanges rose last week for the sixth straight week, the Tokyo Stock Exchange Tokyo Stock Exchange
Main stock market of Japan, located in Tokyo. It opened in 1878 to provide a market for the trading of government bonds newly issued to former samurai. said Tuesday.
The balance of shares bought on credit from brokerages during the period came to 2,293.64 billion yen, up 10.61 billion yen from the previous week, according to data collected at the Tokyo, Osaka and Nagoya bourses.
---------- Singapore, Panama agree to launch negotiations for FTA
SINGAPORE - Singapore and Panama agreed Tuesday to start negotiations for a bilateral free trade agreement (FTA), with a target of concluding the pact within a year.
Panamanian Vice President Arturo Vallarino and Commerce and Industry Minister Joaquin Jacome Diez reached the agreement in a meeting with Singaporean Trade and Industry Minister George Yeo in Singapore, a joint statement said.
---------- Seiyu posts net loss of 7.09 bil. yen in March-Dec. term
TOKYO - Supermarket operator Seiyu Ltd., an affiliate of U.S. retail giant Wal-Mart Stores Inc., said Tuesday it posted a group net loss of 7.09 billion yen for the March-December period.
Comparable figures from a year earlier were unavailable as last year Seiyu changed its accounting period to run through the end of December rather than the end of February to bring its earnings report more in line with that of Wal-Mart.
---------- Dollar edges up against yen on suspected BOJ BOJ Bank Of Japan
BOJ Bank of Jamaica
BOJ Bourgas, Bulgaria (Airport Code)
BOJ Beginning of Job interventions
TOKYO - The U.S. dollar ended slightly higher versus the yen Tuesday in Tokyo, after the dollar's initial spike due to suspected interventions by Japanese monetary authorities was later curtailed by exporters' dollar selling.
At 5 p.m., the dollar was quoted at 105.63-65 yen against Monday's 4 p.m. quotes of 105.40-50 yen in London and 105.49-52 yen in Tokyo. The 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 market was closed Monday for the President's Day holiday.
---------- Cash bonds, futures prices fall after rises in Tokyo stocks
TOKYO - Prices of 10-year Japanese government bonds (JGBs) and JGB JGB Jerry Garcia Band
JGB Japanese Government Bond
JGB Just Got Back
JGB J Geils Band
JGB JG Ballard (science fiction author) futures fell Tuesday on selling prompted mainly by sharp rises in Tokyo stocks.
In interdealer trading, the yield on the key No. 257 10-year, 1.3% government bond issue rose 0.020 percentage point from Monday to 1.270%.