JAPAN

Huge Bluefin Tuna

Brings a Hefty Price

A Japanese sushi-chain boss bid a winning Yen74.2 million ($632,000) for a 466-pound bluefin tuna in what may be Tsukiji market's last auction at its current site in downtown Tokyo.

The winning bid for the prized but imperiled species was the second-highest ever after a Yen155.4 million bid in 2013 at the annual New Year auction.

This year's price was $2,981 a kilogram, compared with about $7,930 a kilogram for the 2013 record-setting auction price.

Japanese are the biggest consumers of the torpedo-shaped bluefin tuna. The fish was caught off the coast of northern Japan's Aomori prefecture. His company, which runs the Sushi Zanmai chain, often wins the annual auction.

--Associated Press

PHILIPPINES

Militant Leader Dies

In Clash With Police

A leader of a group of suspected Islamic State sympathizers was killed in a clash with Philippine police after resisting arrest at a beach resort in the country's south, officials said.

An official said Jaafar Maguid, leader of a small armed group called Ansar al-Khilafa, died in a shootout in Kiamba, in the southern province of Sarangani.

Three of Mr. Maguid's alleged followers were arrested after the clash, which occurred when police went to check reports from civilians about the presence of armed men, the official said.

Officials said Mr. Maguid's group is believed to be behind a string of attacks including a grenade blast that killed a police officerand wounded dozens of people.

He is also suspected of recruiting minors in the region.

In August, government troops clashed with Mr. Maguid's group in Sarangani's Maasim town, killing three of his followers and seizing two rifles and an Islamic State-style black flag.

A number of other Islamist groups in the southern Philippines, including Abu Sayyaf, have pledged allegiance to Islamic State, but the military says there has been no sign of a direct collaboration between Filipino gunmen and militants in Syria and Iraq.

--Associated Press

EUROZONE

Producer Prices Post

First Rise Since 2013

The prices of goods leaving the eurozone's factory gates were higher than a year earlier in November, the first time that has happened since mid-2013.

The rise in producer prices after almost 3 1/2 years of declines is a fresh indication that inflationary pressures are building within the currency area, although it is still far from certain that the European Central Bank will sustainably achieve its consumer-price inflation target of just below 2%.

The European Union's statistics agency said producer prices rose 0.3% from October, and were up 0.1% from November 2015. It was the first year-to-year rise in prices since June 2013, and came as a surprise, since economists surveyed by The Wall Street Journal last week had estimated that prices were flat. The rise in prices at the factory gates is in line with other signs that consumer-price inflation is set to continue its recent rise over coming months. Figures released on Wednesday showed consumer prices rose 1.1% year-to-year in December, having been below their year-earlier levels as recently as May.

Economists expect consumer prices to rise even more rapidly in early 2017, as earlier, sharp drops in energy prices fall out of the year-to-year comparison.

--Paul Hannon

(END) Dow Jones Newswires

January 06, 2017 02:47 ET (07:47 GMT)

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