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TMCNet:  Kyodo news summary -2-

[December 02, 2013]

Kyodo news summary -2-

(Japan Economic Newswire Via Acquire Media NewsEdge) TOKYO, Dec. 3 -- (Kyodo) _ ---------- Average monthly salary sees 1st rise in 4 months in Oct.

TOKYO - Total average monthly pay for workers in Japan rose 0.1 percent from a year earlier to 267,167 yen in October, marking the first year-on-year increase in four months, the labor ministry said in a preliminary report Tuesday.

Overtime hours have increased in many business sectors reflecting the recovering economy, boosting non-scheduled cash earnings, including overtime pay, by 5.4 percent to 19,511 yen for the seventh consecutive monthly rise, according to the Health, Labor and Welfare Ministry.

---------- 2 Chinese ships sail in contiguous zone near Senkakus NAHA, Japan - Two China Coast Guard ships were spotted Tuesday sailing in the contiguous zone near the Japan-controlled Senkaku Islands, the Japan Coast Guard said.

It is the third consecutive day Japan has spotted Chinese government ships around the islets, which are claimed by China and Taiwan, according to the 11th Regional Coast Guard Headquarters in Naha, Okinawa Prefecture.

---------- Toshiba to buy solid state drive business from OCZ Technology TOKYO - Toshiba Corp. said Tuesday it has reached an agreement with California-based OCZ Technology Group Inc. to effectively purchase the U.S. firm's solid state drive business for about $35 million.

The Japanese electronics maker will acquire the clients and patents of OCZ, which filed for court protection Monday in line with the U.S. Bankruptcy Code's Chapter 11.

---------- Abe, Biden to confirm Japan-U.S. coordination over China air zone TOKYO - Japanese Prime Minister Shinzo Abe and visiting U.S. Vice President Joe Biden are expected Tuesday to confirm further bilateral coordination amid concerns over China's newly declared air defense zone in the East China Sea that covers a group of disputed islands.

Japanese officials hope that Tokyo and Washington can agree on plans to call on Beijing to revoke the measure, which the two nations have criticized as a unilateral attempt to change the status quo in the waters and one that could lead to an incident or invite unintended consequences.

---------- Tokyo stocks advance in morning as dollar rises to 103 yen TOKYO - Tokyo stocks advanced Tuesday morning, with sentiment lifted by the U.S. dollar's rise to a six-month high in the 103 yen range and growing expectations of additional monetary easing by the Bank of Japan.

The 225-issue Nikkei Stock Average rose 82.40 points, or 0.53 percent, from Monday to 15,737.47. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 5.28 points, or 0.42 percent, to 1,264.22.

---------- Japan's key bond yield rises on higher U.S. Treasury yields TOKYO - The yield on the bellwether 10-year Japanese government bond rose Tuesday morning reflecting an overnight rise in U.S. Treasury yields and stronger Tokyo stock performance in the morning.

The yield on the No. 331, 0.6 percent issue, the main yardstick of long-term interest rates, ended morning interdealer trading at 0.620 percent, up 0.010 percentage point from Monday's close.

(c) 2013 Kyodo News International, Inc.

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