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[July 19, 2014]
Kyodo news summary -1-
(Japan Economic Newswire Via Acquire Media NewsEdge) ---------- Panasonic to sell mobile phone base station business to Nokia OSAKA - Panasonic Corp. will sell its mobile phone base station business to Finland's Nokia as it redirects resources to other growing operations, sources close to the matter said Sunday.
The Osaka-based electronics manufacturer is expected to sell the business for several billion yen, closing the deal by the end of March 2015, they said.
---------- Missing girl in Okayama found safe, man arrested for imprisonment OKAYAMA, Japan - An 11-year-old schoolgirl who went missing on July 14 in the western Japan city of Kurashiki was found safe by police late Saturday.
The local police arrested Takeshi Fujiwara, 49, for imprisoning her at his house in the neighboring city of Okayama, some 8 kilometers from the girl's home.
---------- Japan, Brazil eye cooperation on offshore oil development: draft TOKYO - Japanese and Brazilian leaders are expected to discuss Brazil using Japanese technology to build a mega offshore logistics hub for developing oil fields far out to sea, according to a draft of the statement to be released after talks on Aug. 1.
When Japanese Prime Minister Shinzo Abe meets with Brazilian President Dilma Rousseff in Brazil, Abe will propose that Brazil use Japanese large-floating-structure technology to build the hub, the draft indicates.
---------- Japan to miss FY 2020 gov't budget surplus goal despite tax hikes TOKYO - Japan is unlikely to meet its international commitment to achieve a government budget surplus by fiscal 2020, even if it proceeds with another consumption tax increase, sources familiar with the matter said Saturday.
There is likely to be an 11 trillion yen deficit in the primary balance in fiscal 2020 even if the consumption tax rate, raised this past April from 5 percent to 8 percent, is increased to 10 percent in October 2015 as planned, the sources said.
---------- Malaysia Airlines defends MH17's flight over Ukraine war zone SEPANG, Malaysia - Malaysia Airlines whose plane was shot down over Ukraine insisted Saturday that it did not make a mistake in flying over a war zone.
"For Malaysia Airlines, our threat analysis said it is safe," Malaysia Airlines Director of Operation Izham Ismail said at a press conference. "We didn't make a mistake." ---------- G-20 trade chiefs reaffirm importance of trade facilitation SYDNEY - Trade ministers from the Group of 20 industrialized and emerging economies on Saturday reaffirmed the importance of promoting global trade facilitation, a key part of a trade deal agreed last year in Bali.
Attention was focused on whether developed and emerging economies could bridge their gaps to rapidly implement the so-called "Bali Package" agreed on in December under the long-stalled Doha Round of global market-opening talks, with the deal's first implementation goal looming on July 31.
---------- Part of Okinawa base relocation plan "hidden from public": U.S. paper TOKYO - The Japanese government has "hidden from public" that a controversial U.S. military base relocation within Okinawa Island is planned in an area larger than publicly disclosed, a U.S. briefing document obtained by Kyodo News showed Saturday.
Japan is moving to relocate the U.S. Marine Corps' Futenma Air Station from a crowded residential area in Ginowan to less populated Henoko in Nago. But it was recently revealed facilities would be built not only in the coastal area as publicized, but inland as well.
(c) 2014 Kyodo News
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