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NEW YORK, Nov. 4 Kyodo

---------- N.Y. gold futures mark new record high of $1,097.80

NEW YORK - New York gold futures hit a new all-time high of

$1,097.80 an ounce Wednesday on speculation that some central banks will buy gold.

Most-active gold for December delivery on the New York Mercantile Exchange's Comex division eclipsed the previous record high of $1,088.50, posted Tuesday.

---------- N.Y. stocks rise on Fed's easy credit policy

NEW YORK - New York stocks climbed moderately Wednesday on the Federal Reserve's decision to maintain an ultra-easy credit policy.

The Dow Jones Industrial Average, which fell 17.53 points Tuesday, gained 30.23 points to end at 9,802.14.

---------- Fed leaves key short-term rate near zero to aid recovery

WASHINGTON - The Federal Reserve decided Wednesday to hold its target for overnight interest rates to zero to 0.25 percent and pledged to keep it there for an ''extended period'' in a bid to ensure a nascent economic recovery gains traction.

The central bank unanimously made the decision, as expected earlier by market players, at the close of a two-day session of the Federal Open Market Committee, keeping intact its bold policy of low interest rates along with a host of programs to stimulate credit flows.

---------- Geithner to visit Japan next week before APEC

WASHINGTON - Treasury Secretary Timothy Geithner will travel to Tokyo for two days starting next Tuesday for talks with Japanese government officials, the Treasury Department said Wednesday.

Geithner's visit -- his first since taking the Treasury chief post -- precedes his participation in a finance ministerial meeting of the 21-member Asia-Pacific Economic Cooperation forum in Singapore on Nov. 12.

---------- Suspect in murder of British woman had face-lift in Nagoya

CHIBA, Japan - A fugitive suspect in the 2007 murder of a British woman had cosmetic surgery at a clinic in Nagoya, Aichi Prefecture last month, investigative sources said Wednesday.

The Oct. 24 surgery is the first solid information in the ongoing hunt for Tatsuya Ichihashi, 30, who is wanted in connection with the murder of Lindsay Hawker, 22, a language teacher whose body was found at his apartment in Ichikawa, Chiba Prefecture, since March 2007.

---------- 16-yr-old boy in grave condition after being hit by arrow between eyes

TOKYO - A 16-year-old boy practicing archery at a public hall in Tokyo's Meguro Ward was struck between the eyebrows Wednesday by an arrow shot by a 17-year-old boy from the same high school archery club, and is in serious condition, police said.

The accident occurred around 4:45 p.m. when the two students at the private high school were practicing archery alone. The student who shot the 70-centimeter carbon arrow made an emergency call for an ambulance, the Metropolitan Police Department's Meguro police station said.

---------- Head of Union Holdings, others arrested for alleged stock manipulation

OSAKA - Police arrested the president of Union Holdings Co. and eight other people Wednesday for allegedly manipulating its stock prices in 2007, police officials said.

The arrest of Union Holdings President Toyoyuki Yokohama, 53, and the eight -- members of a speculative trading group -- followed the search earlier in the day by the Osaka prefectural police and the Securities and Exchange Surveillance Commission of the holding firm's head office and other places.

---------- Australia, NZ expel Fijian diplomats in tit-for-tat

SYDNEY - Australia and New Zealand both expelled Fiji's top diplomats from their capitals Wednesday in retaliation for Fiji military ruler Frank Bainimarama's expulsion of the two countries' top representatives in his Pacific island nation.

Australian Foreign Minister Stephen Smith said Fiji's acting high commissioner in Canberra was declared persona non grata and was told to leave Australia within 24 hours.
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Publication:Japan Weekly Monitor
Geographic Code:9JAPA
Date:Nov 9, 2009
Words:608
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