Kyodo economic news summary -2-
Wednesday, July 14, 2021 11:44 PM

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TOKYO, Jul. 14, 2010 (Kyodo News International) -- ----------
Mitsubishi electric cars in high demand in Australia

SYDNEY - Over 40 Australian companies and government departments have applied for the initial shipment of Mitsubishi i-MiEV electric cars, Mitsubishi Motors (OOTC:MMTOY) Australia Ltd. said Thursday.

Banks, energy companies, the Department of Environment and Google (NASDAQ:GOOG) are among some of the organizations and bodies to receive Australia's first electric car.

China's GDP in 1st half of 2010 grows 11.1%

BEIJING - China's economy in the first half of this year grew 11.1 percent year-on-year, slowing slightly from the robust 11.9 percent growth registered in the first quarter, according to government data released Thursday.

Gross domestic product grew by 10.3 percent in the second quarter over a year earlier, based on the statistics released by the National Bureau of Statistics said.

Honda mulls scrapping plan to build minivehicle plant in Mie Pref.

TOKYO - Honda Motor Co. (NYSE:HMC) is considering scrapping a plan to build a new minivehicle assembly plant in Mie Prefecture as the automaker does not expect an expansion of the domestic minivehicle market amid the graying of society, sources familiar with the matter said Thursday.

Honda initially planned to open the plant in the latter half of 2010 in the city of Yokkaichi with an investment of about 50 billion yen, but it froze the plan due to the global financial crisis triggered by the collapse of Lehman Brothers Holdings Inc. in September 2008.

N. Korea leases out its squid beds to China: report

SEOUL - North Korea is allowing Chinese fishermen into its territorial waters on the East Sea, otherwise known as the Sea of Japan, in exchange for cash, a South Korean daily reported Thursday.

The North Korean and Chinese governments recently agreed to allow squid boats from China to fish in North Korea's waters, the JoongAng Daily quoted an unidentified official as saying.

Tokyo stocks drop on profit-taking after Nikkei's surge

TOKYO - Tokyo stocks fell Thursday morning on profit-taking after the Nikkei stock index surged nearly 3 percent the previous day, with investors waiting to see the strength of the global economy before the release of key economic data from China.

The 225-issue Nikkei Stock Average lost 100.57 points, or 1.03 percent, from Wednesday to 9,694.67. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 12.18 points, or 1.40 percent, to 858.55.

Benchmark bond yield falls after Fed's downbeat econ outlook

TOKYO - The yield on the benchmark 10-year Japanese government bond fell Thursday morning, tracking overnight drops in U.S. Treasury yields.

The yield on the No. 309, 1.1 percent issue, a key indicator of long-term interest rates, ended morning interdealer trading down 0.035 percentage point from Wednesday's close to 1.105 percent.



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