Kyodo economic news summary.TOKYO, Oct. 14 Kyodo
---------- Japan, Mexico to continue last-ditch FTA talks Tues.
TOKYO - Japan and Mexico are set to continue ministerial talks Tuesday to seek a political breakthrough in negotiations for a free-trade agreement (FTA) following their first round of talks Monday which highlighted a wide gap in their positions.
The two nations remained at odds on a number of issues, particularly whether to remove tariffs on pork imports from Mexico, its biggest farm export to Japan.
---------- EU agrees to give modest 200 mil. euros to Iraq
BRUSSELS - The European Union (EU) agreed at a meeting of foreign ministers in Luxembourg on Monday to contribute 200 million euros ($234 million) in 2004 to help Iraq rebuild, while Britain pledged an additional 300 million pounds ($500 million) over the next two years.
The donations by the EU and Britain, which is directly involved in Iraqi affairs, are much less than the $1-2 billion that Japan is expected to donate for 2004.
---------- No. of i-mode subscribers outside Japan hits 1 mil.
GENEVA - The number of subscribers outside Japan to NTT DoCoMo (NTT Mobile Communications Network, Inc., Japan) Founded in 1991, NTT DoCoMo is a spinoff of Japan's NTT (Nippon Telegraph and Telephone Corporation) which provides wireless services, including cellular, paging, satellite and maritime and in-flight telephone services. Inc.'s i-mode Internet mobile phone services has reached 1 million, the president of the Japanese mobile phone giant said Monday.
Keiji Tachikawa Keiji Tachikawa is the former president and chief executive officer of NTT DoCoMo. He previously worked at DoCoMo's parent company, Nippon Telegraph & Telephone Corp. (NTT), for 35 years, where he helped create the wireless industry. He is currently the head of JAXA.
Mr. said i-mode operations in Europe ''started to get into gear'' a year after their launch in March 2002, when the company began offering the service in Germany. He was speaking at a news conference in Geneva, where he was attending a telecom convention.
---------- Japan wholesale prices down 0.5% in Sept.
TOKYO - Wholesale prices in Japan fell 0.5% in September from a year earlier for the 37th straight monthly fall, the Bank of Japan said in a preliminary report Tuesday.
The prices are measured by the central bank's corporate goods price index, which stood at 95.0 against the base of 100 for 2000.
---------- Dollar just above 109 yen line in early Tokyo trading
TOKYO - The U.S. dollar was trading just above the 109 yen line in early Tuesday morning in Tokyo after long weekends in Japan and the United States.
At 9 a.m., the dollar was quoted at 109.02-05 yen, up from Friday's 5 p.m. quotes of 108.60-70 yen 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 108.72-75 yen in Tokyo.
---------- Tokyo stocks open higher after rise in U.S. shares
TOKYO - Stocks opened higher Tuesday on 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. due to solid gains in the banking sector and rises in export-oriented technology issues after gains in U.S. shares overnight to new highs for the year.
In the first 15 minutes of trading, the 225-issue Nikkei Stock Average Nikkei stock average
Applies mainly to international equities. Price-weighted average of 225 stocks of the first section of the Tokyo Stock Exchange started on May 16, 1949. Japanese equivalent of the US Dow. rose 147.10 points, or 1.36%, to 10,933.14. The broader Tokyo Stock Price Index (TOPIX TOPIX Tokyo Stock Price Index ) of all First Section issues gained 14.20 points, or 1.32%, to 1,088.08. The Second Section also rose.