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Kyodo economic news summary -2-.

TOKYO, June 9 Kyodo

---------- G-8 finance ministers preparing to give rosier economic view

TOKYO - Group of Eight finance ministers are preparing to give a rosier assessment of the global economy at their two-day meeting over the weekend in Italy, conference sources said Tuesday.

They will most likely note that there are some initial signs of improvement appearing in many major economies, thanks to coordinated policy actions taken so far by governments around the world to fight the worst recession in decades, the sources said.

---------- IMF urges Europe to fix financial system

WASHINGTON - The International Monetary Fund urged European policymakers Monday to accelerate work to tackle lingering financial system weakness by writing off bad loans at financial institutions.

''To secure recovery and a return to self-sustaining growth, policymakers need to take further decisive action, especially in the financial sector,'' the Washington-based lending institution said in its annual assessment of the eurozone economy.

---------- Tokyo stocks fall in morning but economy hopes cap losses

TOKYO - Tokyo stocks fell Tuesday morning after the key Nikkei index neared the 10,000 mark in recent rallies, but losses were capped as optimism about a global economic recovery remained.

The 225-issue Nikkei Stock Average lost 16.93 points, or 0.17 percent, to 9,848.70 from Monday, when the index reached a new eight-month closing high.

---------- Key 10-year JGB yield rises in morning on higher U.S. rates

TOKYO - The yield on the benchmark 10-year Japanese government bond rose Tuesday morning on higher long-term U.S. interest rates overnight, though gains were curbed as falling bond prices appeared to be a bargain.

In interdealer trading, the yield on the No. 301, 1.5 percent issue gained 0.010 percentage point from Monday's close to 1.520 percent.
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Publication:Japan Weekly Monitor
Date:Jun 8, 2009
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