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Kyodo news summary -3-.

TOKYO, March 23 Kyodo

---------- Japanese banks eye lending up to 2 tril. yen to Tokyo Electric

TOKYO - Japan's major banks are considering extending loans up to 2 trillion yen to Tokyo Electric Power Co. as early as by the end of March, sources close to the matter said Wednesday.

The move is aimed at helping the utility raise funds for measures to boost electricity supply following a quake-triggered accident at its nuclear power plant in Fukushima Prefecture.

---------- U.S. bans imports of dairy products from near Fukushima plant

WASHINGTON - The U.S. Food and Drug Administration said Tuesday it will ban imports of dairy products and vegetables from an area near the crippled Fukushima Daiichi nuclear power plant in Japan, citing ''radionuclide contamination.''

The measure will cover products such as milk and spinach from Fukushima, Gunma, Ibaraki and Tochigi prefectures, the FDA said.

---------- 3 groups of Minamata disease sufferers conclude conflict with Chisso

KUMAMOTO, Japan - Three groups of unrecognized Minamata disease sufferers on Wednesday agreed with Chisso Corp., the chemical maker which caused the mercury-poisoning disease, to conclude their decades-long conflict.

The move came after the three groups in Kumamoto and Kagoshima prefectures determined that most of their members have been redressed following the introduction of government remedy measures for unrecognized sufferers, featuring 2.1 million yen lump-sum payments.

---------- Kan asks Fukushima residents not to eat leaf vegetables over radiation

TOKYO - Prime Minister Naoto Kan instructed Fukushima Gov. Yuhei Sato on Wednesday to order residents not to eat leaf vegetables harvested in the prefecture for now after radioactive materials far exceeding legal limits were found in 11 types of vegetable grown in Fukushima, where a troubled nuclear plant is located.

Leaf vegetables subject to Kan's order included spinach, the ''komatsuna'' leaf vegetable, cabbage, broccoli and cauliflower, the government said.

---------- Dollar flat on intervention jitters, euro falls amid debt worries

TOKYO - The U.S. dollar traded within a narrow upper 80 yen range Wednesday morning in Tokyo amid market jitters about yen-selling intervention, while the euro fell on worries about European debt problems.

At noon, the dollar fetched 80.89-91 yen versus 80.93-81.03 yen in New York and 81.02-03 yen in Tokyo at 5 p.m. Tuesday.

---------- Benchmark bond yield falls on drop in Tokyo stock

TOKYO - The yield on the benchmark 10-year Japanese government bond fell Wednesday morning, as bond-buying took the upper hand on a sharp fall in Tokyo stocks.

The yield on the No. 313, 1.3 percent issue, the main barometer of long-term interest rates, ended morning interdealer trading down 0.020 percentage point from Tuesday's close to 1.225 percent.

---------- Tokyo stocks fall sharply after recent gains

TOKYO - Tokyo stocks fell sharply Wednesday morning, with the key Nikkei index briefly losing more than 2 percent, as investors turned to profit-taking after sizable gains in the last two trading days.

The 225-issue Nikkei Stock Average lost 153.26 points, or 1.60 percent, from Monday to 9,455.06.
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Publication:Japan Weekly Monitor
Geographic Code:9JAPA
Date:Mar 28, 2011
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