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World Bank head expresses hopes for Japan's investment in Africa

World Bank President Jim Yong Kim expressed hope Monday that Japan will boost investment in Africa, which Prime Minister Shinzo Abe has highlighted as a key target market under the country's economic growth strategy, the Finance Ministry said. During his 30-minute talks with Finance Minister Taro Aso, who doubles as deputy prime minister under Abe's administration, Kim also said the Washington-based global lender would help Japanese firms branch out in the continent, the ministry said.

Support for Abe Cabinet edges down to 68.0%: Kyodo poll

Support for the Cabinet of Prime Minister Shinzo Abe has edged down to 68.0 percent in the latest poll from 70.9 percent last month, a Kyodo News survey showed Sunday. In a telephone survey conducted on Saturday and Sunday, 65.0 percent of respondents said they expect positive effects from "Abenomics," and the economic policies pursued by Abe to turn around Japan's deflation-battered economy, against 29 percent who replied they are not expecting much.

Japan tells U.N. chief that PM Abe committed to resolving abductions

Japanese Foreign Minister Fumio Kishida told visiting U.N. Secretary General Ban Ki Moon on Saturday that Prime Minister Shinzo Abe is committed to resolving fully the abductions of Japanese nationals by North Korea, Japanese officials said. During a meeting on the fringes of a gathering of leaders in Yokohama to discuss African development, Kishida and Ban confirmed plans to continue working closely toward the resolution of the thorny issue, which has been a major obstacle toward normalizing ties between Japan and North Korea.

Japan seeks understanding of debate on collective self-defense

Japanese Defense Minister Itsunori Onodera sought the international community's understanding Saturday of debates in Japan on exercising the right to collective self-defense, saying such a move would help the country make "a more proactive and creative contribution toward regional stability."

Abe plans to visit Ireland to accelerate trade talks with EU

Prime Minister Shinzo Abe is planning to visit Ireland in June as part of his efforts to accelerate talks for a free trade agreement with the European Union, Japanese officials said Friday. Abe will become the first Japanese premier to visit Ireland, which currently holds the rotating presidency of the 27-member European Union. The trip is expected to come around the time of his visit to Britain to attend the Group of Eight summit scheduled for June 17 and 18.

Japan sets next 3 years as investment promotion period

The government decided Wednesday to designate the coming three years as an "intensive investment prompting period" to accelerate its economic growth strategy aimed at conquering nearly two decades of Japan's deflationary recession. In the outline of the strategy, presented by economic and fiscal policy minister Akira Amari earlier in the day, the government also positioned the next five years as an "emergency structural reform period," pledging to bring about industrial reorganization by taking such measures as promoting labor market flexibility.

Diet session to end June 26, lower house poll to be set on July 21

The government and the ruling parties decided not to extend the ongoing session of parliament scheduled to end June 26, effectively setting the upper house election on July 21, senior lawmakers of the ruling camp said Saturday. They have concluded there is no need to extend the Diet session after having paved the way for passing key bills including one aimed at addressing a vote value disparity.

Japanese vice defense minister to visit U.S. next week

Japanese Vice Defense Minister Masanori Nishi will visit the United States from next Monday to Thursday for talks with senior Pentagon officials and think tank experts, the Defense Ministry said Friday. Topics at these talks will include possible revisions to the Japan-U.S. defense cooperation guidelines specifying the roles of the Japanese Self-Defense Forces and the U.S. forces.

Gov't denies rumors of ghosts at PM's official residence

The government on Friday denied rumors that the prime minister's official residence is haunted, in response to a question from an opposition lawmaker. Given that Prime Minister Shinzo Abe has yet to move into the 80-year-old mansion five months after assuming power in December, Ken Kagaya, an upper house member of the Democratic Party of Japan, asked the government if rumors that the building is haunted are true.

Japan vice econmin: Thursday Nikkei plunge a 'temporary adjustment'

TOKYO (Reuters) - Thursday's plunge in Tokyo stock prices represents a short-term pullback from recent gains, not a sign of doubt in Japan's economic policies, a senior government official said. "It's a temporary adjustment after the rapid gains seen recently," Yasutoshi Nishimura, senior vice-minister of the Cabinet Office, told Reuters. The benchmark Nikkei stock average <.N225> fell 7.3 percent on Thursday, its biggest percentage fall in two years, after Chinese factory-output data disappointed investors.
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