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Kyodo news summary -7-.

TOKYO, Oct. 29 Kyodo

---------- Corporate bankruptcies induced by March 2011 quake top 1,000

TOKYO - The number of corporate bankruptcies in Japan induced by the March 2011 earthquake and tsunami has topped 1,000, a credit research agency said Monday.

Teikoku Databank Ltd. said the figure is about 3.4 times the number of business failures registered in the 19-month period following the Great Hanshin Earthquake, which hit the western Japan port city Kobe and surrounding areas in January 1995.

---------- Group bus tour from China to Italy completed after 2 months

ROME - A group of Japanese tourists celebrated in Rome on Sunday the completion of a two-month, 15,000-kilometer bus tour from Xian in China.

A total of 14 men and women aged from 57 to 80 joined the 2.2 million yen tour to travel 15 countries by bus, organized by Japanese travel agency JTB Corp.

---------- Nomura Holdings' group net balance returns to black in 1st half

TOKYO - Nomura Holdings Inc. said Monday its group net balance in the first six months of fiscal 2012 returned to the black with a profit of 4.7 billion yen, against a loss of 28.32 billion yen a year earlier, due to an increase in trading revenue.

In its earnings report for the first half of the year ending March, compiled under U.S. accounting standards, the holding company of Nomura Securities Co. said its pretax balance also returned to the black with a profit of 55.08 billion yen against a loss of 10.27 billion yen a year earlier.

---------- Japanese bond yield rises on position-adjustment selling

TOKYO - The yield on the benchmark 10-year Japanese government bond finished higher Monday on position-adjustment selling ahead of a bond auction later this week.

The yield on the No. 325, 0.8 percent issue, the main yardstick of long-term interest rates, ended interdealer trading at 0.770 percent, up 0.010 percentage point from Friday's close.

---------- Pioneer, Otsuka Medical Devices form alliance on endoscope

TOKYO - Pioneer Corp. and Otsuka Medical Devices Co. have formed an alliance on a medical-use endoscope business aiming to launch a new product in 2014, the two companies said Monday.

Pioneer, an audiovisual equipment manufacturer, will provide its ultra-sensitive imaging technology to develop a camera unit of the envisioned innovative endoscope.

---------- Dollar flat in Tokyo ahead of BOJ policy meeting

TOKYO - The U.S. dollar traded narrowly against the yen and the euro in Tokyo on Monday as investors took to the sidelines ahead of a closely watched Bank of Japan policy meeting on Tuesday.

At 5 p.m., the dollar fetched 79.65-66 yen compared with 79.61-71 yen in New York and 79.96-98 yen in Tokyo at 5 p.m. Friday. It moved between 79.59 yen and 79.76 yen during the day, changing hands most frequently at 79.66 yen.

---------- Tokyo, Osaka bourses to integrate cash markets by next July

TOKYO - Tokyo Stock Exchange Group Inc. and Osaka Securities Exchange Co. said Monday they will integrate their cash equity markets into the TSE by next July after their merger on Jan. 1.

The two largest Japanese bourses will integrate their derivatives markets into the OSE by March 2014, they said.

---------- Iwakuni airport terminal building completed

IWAKUNI, Japan - The terminal building of a new military-civilian airport in Iwakuni, Yamaguchi Prefecture, was completed Monday ahead of the airport's launch on Dec. 13.

The new Iwakuni Kintaikyo Airport in western Japan will use a runway of a U.S. Marine Corps air base, with All Nippon Airways Co. planning to operate four daily round-trip services from Haneda airport in Tokyo. The airport is aiming to attract 400,000 passengers a year.

---------- Japan, S. Korea agree to promote bilateral travel

TOKYO - Japanese and South Korean tourism officials agreed Monday to boost the number of travelers between the two countries to 7 million in 2013, up from a record 5.46 million in 2010.

Senior officials from the Japan Tourism Agency and South Korea's Ministry of Culture, Sports and Tourism signed a joint document in the northern Japanese city of Hakodate stating it is desirable that bilateral travel be promoted despite challenges facing the two countries -- an apparent reference to their territorial row.

---------- Maehara's Tokyo "office" comes under suspicion

TOKYO - The home of National Policy Minister Seiji Maehara's secretary, registered as the main office of his support group in Tokyo, booked over 10 million yen in costs between 2005 and 2010 in political funds reports, though it is not clear whether substantive work was performed there, people familiar with the matter said Monday.

The wife of the secretary told Kyodo News, "This place is not used as an office," but Maehara told reporters later in the day, "There is nothing wrong," explaining that the secretary, who has served for 16 years, has used his home as an office to carry out planning for the minister's annual parties in Tokyo.
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Publication:Japan Weekly Monitor
Geographic Code:9JAPA
Date:Oct 29, 2012
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