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Kyodo news summary -1-.

TOKYO, Feb. 10 Kyodo

---------- U.N. chief encourages 2 Koreas to resume talks

NEW YORK - U.N. Secretary General Ban Ki Moon on Wednesday urged North and South Korea to resume negotiations and continue their dialogue, after working-level military talks between Pyongyang and Seoul ended without agreement earlier in the day.

''The secretary general encourages the parties to resume their talks and resolve their differences through dialogue,'' Ban's spokesman, Martin Nesirky, told Kyodo News in an e-mail exchange.

---------- NYSE Euronext, Deutche Boerse in merger talks

NEW YORK - Big Board operator NYSE Euronext Inc. and Deutsche Boerse AG, the operator of the Frankfurt Stock Exchange, said Wednesday they are engaged in discussions on a potential business combination.

The combined group ''would be the world's largest exchange operator by revenues and profit,'' the two said in a press release.

---------- Japan's Jan. wholesale prices up 1.6% on year

TOKYO - Japan's wholesale prices in January grew 1.6 percent from a year earlier for the fourth straight month of increase, the Bank of Japan said Thursday.

The reading of the central bank's corporate goods price index compares with the average forecast of a 1.4 percent rise among economists surveyed by Kyodo News.

---------- California starts pre-bidding process for high speed rail

LOS ANGELES - The California High Speed Rail Authority requested expressions of interest in the initial construction segment of California's high-speed railway on Wednesday.

The request was the first step toward allowing private companies to bid on the already planned first segment as well as the entire 1,300-kilometer-long train system.

---------- 9 victims of Ehime Maru collision commemorated on 10th anniv.

MATSUYAMA, Japan - Some 300 people commemorated the nine victims of a maritime collision between a U.S. submarine and a Japanese fisheries school boat off the coast of Hawaii at a memorial service at the school Thursday, the 10th anniversary of the tragedy.

At 8:43 a.m., the time when the 499-ton Ehime Maru, from Uwajima Fisheries High School in Ehime Prefecture collided with the 6,080-ton nuclear-powered submarine Greenville 10 years ago, the participants observed a moment of silence while tolling a bell retrieved from the sunken training ship nine times in mourning for the nine crew members.

---------- Senior officials of Japan, U.S. discuss N. Korean issues

WASHINGTON - Japan and the United States on Wednesday discussed issues related to North Korea in a senior officials' meeting, the State Department said.

Shinsuke Sugiyama, the chief Japanese delegate to the six-party talks on North Korea's nuclear program, held talks with U.S. Special Representative Stephen Bosworth and Kurt Campbell, assistant secretary of state for East Asian and Pacific affairs, State Department spokesman Philip Crowley told a daily briefing.

---------- U.S. negative in excluding rice in trans-Pacific FTA

WASHINGTON - U.S. Trade Representative Ron Kirk indicated Wednesday in a congressional panel that the United States is unlikely to treat Japan's rice as an exception in the Trans-Pacific Partnership agreement.

In response to a question by a Republican lawmaker about the exclusion of rice in a free trade agreement between the United States and South Korea, Kirk said, ''We will be looking to try to address some of your concerns about rice within TPP and others,'' suggesting that Washington will seek elimination of tariffs on all products including rice in the trans-Pacific FTA.

---------- Dec. core machinery orders up 1.7% for 1st rise in 4 months

TOKYO - Japan's core private-sector machinery orders rose a seasonally adjusted 1.7 percent in December from the previous month for the first increase in four months as manufacturers showed more resilience in their appetite for capital spending, government data showed Thursday.

The core orders, excluding volatile ones such as orders for ships and from power houses, stood at 735.3 billion yen. The data is seen as a key advance indicator for business investment.

---------- Stocks open lower on profit-taking

TOKYO - Tokyo stocks opened lower Thursday, pressured by profit-taking after recent strong gains.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 42.47 points, or 0.40 percent, from Wednesday to 10,575.36.

---------- Dollar trades in lower 82 yen range in early Tokyo deals

TOKYO - The U.S. dollar traded in the lower 82 yen range early Thursday morning in Tokyo, little changed from its levels in New York on Wednesday.

At 9 a.m., the dollar traded at 82.41-42 yen against 82.31-41 yen in New York and 82.41-42 yen in Tokyo at 5 p.m. Wednesday.

---------- N.Y. stocks end mixed in directionless trading

NEW YORK - New York stocks ended mixed Wednesday, with the key Dow index managing to close higher for the eighth straight trading day after fluctuating in and out of negative territory.

The 30-issue Dow Jones Industrial Average, which rose 71.52 points Tuesday, added 6.74 points to end at 12,239.89, its highest closing since June 2008.
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Publication:Japan Weekly Monitor
Geographic Code:9JAPA
Date:Feb 14, 2011
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