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Kyodo news summary -7-.

TOKYO, Feb. 13 Kyodo

---------- Key bond yield flat on wait-and-see mood

TOKYO - The yield on the bellwether 10-year Japanese government bond ended flat Monday as a wait-and-see mood prevailed over the market amid the Greek debt crisis.

The yield on the No. 320, 1.0 percent issue, the main barometer of long-term interest rates, ended interdealer trading unchanged from Friday's close at 0.975 percent.

---------- Teenage Tibetan nun dies after setting herself alight: Chinese media

BEIJING - Chinese authorities confirmed Monday the death of a teenage nun who set herself on fire to protest Beijing's rule of Tibet.

Tenzin Choedron, a 19-year-old Tibetan nun in western Sichuan Province's Aba prefecture, died on the way to hospital following her self-immolation on Saturday night, Xinhua News Agency reported.

---------- TEPCO forecasts 695 bil. yen net loss for FY 2011

TOKYO - Tokyo Electric Power Co. said Monday it expects to log a group net loss of 695 billion yen in the business year ending in March, compared with the previously forecast loss of 600 billion yen, on mounting compensation payments over the crisis at the Fukushima Daiichi power plant.

However, the operator of the Fukushima plant crippled by the March 2011 earthquake and tsunami expects a smaller group operating loss of 265 billion yen than the earlier forecast loss of 305 billion yen on sales of 5.28 trillion yen, down from the earlier forecast 5.32 trillion yen.

---------- BOJ starts 2-day policy meeting, likely to keep policy unchanged

TOKYO - The Bank of Japan started its two-day policy meeting Monday to study the impact of the eurozone debt crisis and other downside risks overshadowing the Japanese economy, but it is expected to refrain from taking additional monetary easing steps.

The central bank's Policy Board is likely to vote for maintaining the key short-term interest rate as low as around zero to 0.1 percent while keeping in place the asset-purchase program to provide sufficient liquidity to the banking system, according to sources close to the matter.
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Publication:Japan Weekly Monitor
Geographic Code:9JAPA
Date:Feb 13, 2012
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