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Kyodo economic news summary -6-.

TOKYO, Dec. 1 Kyodo

---------- Business leader raps gov't for not specifying Filipino nurse numbers

TOKYO - Hiroshi Okuda, the head of Japan's biggest business lobby Japan Business Federation (Nippon Keidanren), criticized the government Wednesday for failing to specify the number of nurses and care workers it will accept from the Philippines under a recent bilateral free trade agreement.

Okuda, chairman of Nippon Keidanren, told a symposium on the issue of foreign migrant workers that the Japan-Philippines agreement ''failed to carry a specific number, so the Japanese side's desire to minimize the number is easily discernable.''

---------- UFJ Bank's Okihara prods Toyota to support Misawa Homes

NAGOYA - UFJ Bank President Takamune Okihara called for a quick response from Toyota Motor Corp. on Wednesday to the bank's request for the automaker to support ailing Misawa Homes Holdings Co.

''I want Toyota to make a response as early as possible,'' Okihara told reporters. UFJ Bank, the key unit of UFJ Holdings Inc. and the home builder's main creditor bank, filed the request Monday.

---------- Ashikaga Bank reduces negative net worth

TOKYO - Ashikaga Bank, now under state control, said Wednesday its negative net worth at the end of September declined by 42.1 billion yen from the end of March to 636.9 billion yen.

The regional bank based in Utsunomiya, Tochigi Prefecture, has been nationalized since it posted a negative net worth one year ago.

---------- Dollar edges down to 102 yen range in Tokyo on U.S. fiscal woes

TOKYO - The U.S. dollar edged down to the upper 102 yen level Wednesday in Tokyo as market players remained wary of the U.S. currency's recent weakness against other major currencies on the back of U.S. fiscal woes.

At 5 p.m., the dollar was quoted at 102.77-79 yen, down from Tuesday's 5 p.m. quotes of 103.02-12 yen in New York and 103.15-18 yen in Tokyo.
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Publication:Japan Weekly Monitor
Date:Dec 13, 2004
Words:315
Previous Article:Dollar edges down to 102 yen range in Tokyo on U.S. fiscal woes.
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