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Kyodo economic news summary -2-.

TOKYO, Sept. 26 Kyodo

---------- Yosano hails smooth monetary policy shift under Koizumi's Cabinet

TOKYO - Outgoing economic and fiscal policy minister Kaoru Yosano on Tuesday hailed the monetary policy shift under the administration of Prime Minister Junichiro Koizumi, which he said was achieved ''without confusion.''

''Under the Koizumi Cabinet, the Bank of Japan's independence was respected to the maximum extent,'' Yosano told a news conference. ''The quantitative easing policy and the zero-rate-interest policy were terminated under such circumstances.''

---------- Stocks end morning lower, market awaiting new Cabinet in Japan

TOKYO - Stocks ended Tuesday morning marginally lower in directionless trading before the formation of a new Cabinet under Prime Minister-in-waiting Shinzo Abe later in the day.

The 225-issue Nikkei Stock Average lost 2.53 points, or 0.02 percent, in the morning to 15,631.28. The Tokyo Stock Price Index of all First Section issues on the Tokyo Stock Exchange was down 0.49 point, or 0.03 percent, to 1,559.29.

---------- Key 10-year gov't bond yield higher amid worries on recent fall

TOKYO - The yield on the benchmark 10-year Japanese government bond was slightly higher Tuesday morning, propped up by concerns over its recent sharp fall.

In interdealer trading, the yield on the No. 282 1.7 percent issue rose 0.005 percentage point from Monday's close to 1.630 percent.
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Publication:Japan Weekly Monitor
Date:Oct 2, 2006
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