News Digest for 11/06/13 - 12 June 2013 - Japan

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News Digest for 11/06/13
08:55
Shinzo Abe will travel to Europe to participate in the summit of the G8

Japanese Prime Minister Shinzo Abe, from 15 to 20 June to visit three countries in Europe, where he will go for the summit the G in the UK.

Chief Cabinet Secretary Esihide Suga said Tuesday the program Abe's visit to Europe.

Suga said that the Summit of Eight, which will be held in Northern Ireland on 17 and 18 June, the Prime Minister explain his economic policies, as well as talk about the progress at the recent Tokyo International Conference on African Development.

Before heading to the UK, Abe will visit Poland, where he will meet with leaders of the country, as well as the Czech Republic, Hungary and Slovakia. After the summit, Abe's visit to Ireland.


BOJ sees no need to adopt new measures to preserve the low level of interest rates

The head of Japan's central bank said it sees no need for new measures aimed at preserving the low long-term interest rates.

Bank of Japan Haruhiko Kuroda said, speaking at a news conference that the country's central bank will closely monitor the fluctuations in the levels of long-term interest rates in view of the undesirability of their skyrocketing. Kuroda also said that large-scale purchase of government bonds by the Bank of Japan helps to reduce interest rates.

Kuroda spoke to reporters at the end of the two-day meeting of the Board of the Bank of Japan policy on which the decision was made to maintain ongoing mitigation measures now in monetary and monetary policy. The purpose of the Bank of Japan to achieve an inflation rate of 2% remains unchanged.


The dollar fell to a level of between 95 and 96 yen

The dollar on Tuesday in New York fell to a mark between 95 and 96 yen after the Bank of Japan said that he does not intend to take further steps to prevent the vibration of long-term lending rates.

Notice of the decision of the Bank of Japan caused the activation of selling dollars on the New York Stock Exchange.

Market sources report that investors buy the yen, to avoid risks in the face of falling stock prices in the United States and lower interest rates on long-term government bonds.


A number of industry sectors the U.S. is concerned about the possibility of Japan's participation in the negotiations on the Trans-Pacific Partnership

Representatives of several branches of the industry in the United States have expressed concern regarding the proposed participation of Japan in the negotiations on free trade in the Trans-Pacific Partnership.

They were critical of Japan at a hearing of the International Trade Commission of the United States, which took place on Tuesday.

A senior representative of the Joint Trade Union U.S. automakers said Japan lags behind in its efforts to expand access to its market for U.S. automobile export, helping to lower the yen exchange rate to assist the development of Japanese exports.

The representative also said that the United States should not reduce tariffs on imports of Japanese motor companies as long as Japan did not change its position.


In Japan, at the age of 116 years died the oldest man of the planet

In Japan, died the oldest inhabitant of our planet, who was 116 years old.

Dziroemon Kimura died Wednesday in a hospital in the city of Kyoto.

Kimura was born on April 19, 1897. In December last year, he was listed in the Guinness Book of Records, not only as the most senior person in the world, but also as a very elderly man in the known history of mankind.

In Kimura left 14 grandchildren, 25 great-grandchildren and 15 great-grandchildren.

Source: NHK
Views: 1520 | Added by: vladgon | Tags: Japan, Bank of Japan, Shinzo Abe, News Digest, news, usa, interest rate | Rating: 0.0/0 |
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