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Kyodo news summary -5-+
[April 09, 2006]

Kyodo news summary -5-+


(Japan Economic Newswire Via Thomson Dialog NewsEdge)TOKYO, April 9_(Kyodo) _ ---------- Japan, N. Korea officials meet to discuss security issues

TOKYO - Senior Japanese and North Korean government officials held another set of talks Sunday night in Tokyo on the sidelines of a private security conference.

Tadamichi Yamamoto, Japanese ambassador in charge of North Korea's nuclear issue, met with Jong Thae Yang, deputy head of the North Korean Foreign Ministry's U.S. Affairs Department, Japanese Foreign Ministry officials said.

---------- Inpex Holdings to produce LNG in Australia in 700 bil. yen project

TOKYO - Inpex Holdings Inc., Japan's largest oil developer, will produce liquefied natural gas in Australia, with overall investment in the project estimated at 550 billion-700 billion yen, company sources said Sunday.

The joint holding company, under which Japan's Inpex Corp. and Teikoku Oil Co. integrated their operations on April 3, will develop its own Ixis gas field in a mine lot 200 kilometers off the northwest coast of Australia, the sources said. The right to develop the Ixis gas field was obtained by Inpex Corp. in 1998.



---------- High-speed ferry hits 'whale-like' object off Kagoshima, 49 injured

KAGOSHIMA, Japan - A high-speed ferry collided with an unidentified object, possibly a whale, in waters off Kagoshima Prefecture on Sunday evening, leaving 49 passengers injured, 13 of them seriously, the Japan Coast Guard and the ferry's operator said.


The Toppy-4 ferry, with 109 passengers and crew members aboard, was heading from Yaku Island to the city of Kagoshima when the incident occurred 3 kilometers of west of Cape Sata at 6:05 p.m., coast guard officials said.

---------- ASEM finance chiefs call for vigilance over rising global rates

VIENNA - Finance ministers from Asia and Europe on Sunday called for vigilance over rising global interest rates, saying "faster than currently expected tightening of global financial conditions" poses a risk to an otherwise solid world economy.

Wrapping up a two-day meeting in Vienna, Asia-Europe Meeting finance ministers also cited "high and volatile" oil prices, widening current account imbalances around the world and a possible avian flu pandemic as risks to the global economy.

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