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Kyodo news summary -2-.

TOKYO, Aug. 3 Kyodo

---------- Tokyo Stock Exchange approves JAL's relisting on Sept. 19

TOKYO - The Tokyo Stock Exchange said Friday it has approved Japan Airlines Co.'s application to be relisted on the bourse, paving the way for the airline to become a publicly traded company again on Sept. 19.

After going bankrupt and having its shares delisted in 2010, JAL has been working to turn itself around, receiving 350 billion yen from the state-backed Enterprise Turnaround Initiative Corp. of Japan.

---------- Int'l water film festival to be held Sept. 1 in Tokyo

TOKYO - An international film festival will be held on Sept. 1 in Tokyo focusing on how to secure water resources around the world, at a time when Japan is facing the pollution of water by radioactive materials released from the crippled Fukushima Daiichi nuclear power plant.

Five films will be presented at the International Water Film Festival 2012, including "Even the Rain," a social drama produced jointly by Spain, France and Mexico that depicts how people in Bolivia, where overseas companies exercise a monopoly on water supply in part of the country, have suffered as a result of a drastic water rate hike.

---------- JAL's relisting on Tokyo Stock Exchange OK'd

TOKYO - The Tokyo Stock Exchange said Friday it has approved Japan Airlines Co.'s application to be relisted on the bourse.

JAL shares will be listed Sept. 19, the TSE said.

---------- Tokyo stocks open sharply lower as ECB disappoints

TOKYO - Tokyo stocks opened sharply lower Friday amid disappointment over the European Central Bank's steps to cope with the eurozone debt crisis.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 107.02 points, or 1.24 percent, from Thursday to 8,546.16. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 10.51 points, or 1.43 percent, to 722.47.

---------- Dollar trades in lower 78 yen range early Tokyo morning

TOKYO - The U.S. dollar traded in the lower 78 yen range early Friday morning in Tokyo, almost unchanged from its overnight levels in New York.

At 9 a.m., the dollar fetched 78.22-26 yen compared with 78.18-28 yen in New York and 78.46-47 yen in Tokyo at 5 p.m. Thursday.
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Publication:Japan Weekly Monitor
Geographic Code:9JAPA
Date:Aug 6, 2012
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