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Kyodo news summary -5-.

TOKYO, June 15 Kyodo

---------- DPJ seeking to 'substantially' extend ongoing Diet session

TOKYO - The Democratic Party of Japan, headed by Prime Minister Naoto Kan, will ''substantially'' extend the ongoing parliamentary session beyond June 22, a senior lawmaker said Wednesday, as part of efforts to enact an extra budget expected to be around 2 trillion yen to deal with the aftermath of the March 11 earthquake and tsunami.

''Amid the disaster, there's no way for the Diet to take summer holidays,'' DPJ Secretary General Katsuya Okada told a labor union gathering of Japan Post Holdings Co. in Kawasaki. ''We will substantially extend the current session to pass necessary bills.''

---------- Japan's average gasoline price falls for 7th straight week

TOKYO - The average retail price of regular gasoline in Japan dropped 0.20 yen to 147.40 yen per liter as of Monday for the 7th straight weekly decline, the Oil Information Center said Wednesday.

The price is likely to continue to stay flat or fall slightly due to sluggish domestic demand after the March 11 earthquake, the center said.

---------- 9 N. Koreans defected to S. Korea by boat in Yellow Sea

SEOUL - A group of nine North Koreans defected to South Korea by a boat in the Yellow Sea last Saturday, Yonhap News Agency reported Wednesday.

The defectors waved their hands aboard an engineless boat and expressed their wish to defect when spotted by South Korea's military, said South Korean officials cited by Yonhap.

---------- Tokyo stocks rise on U.S. retail data, higher auto issues

TOKYO - Tokyo stocks rose Wednesday, boosted by higher automobile shares and Wall Street advances overnight on a smaller-than-expected fall in May U.S. retail sales data.

The 225-issue Nikkei Stock Average advanced 26.53 points, or 0.28 percent, from Tuesday to 9,574.32. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 1.79 points, or 0.22 percent, to 824.65.

---------- Key bond yield rises on disappointing bond auction

TOKYO - The yield on the benchmark 10-year Japanese government bond rose Wednesday on active selling following a disappointing 20-year bond auction.

The yield on the No. 315, 1.2 percent issue, the main barometer of long-term interest rates, ended interdealer trading up 0.010 percentage point from Tuesday's close at 1.155 percent.
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Publication:Japan Weekly Monitor
Geographic Code:9JAPA
Date:Jun 20, 2011
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