Martin Schulz, Senior Economist at Fujitsu Research Institute, weighs the pros and cons of a softer currency for Japan.» Read More
*Supply risks rise with Libyan setback, OPEC talk. Threats to supply as Libya's output fell and talk of OPEC production cuts limited the decline for global benchmark Brent, which hit a 26- month low on Monday after data showing a slowdown in China's factory output raised demand concerns.
*Scotland's independence vote next focus, sterling volatility jumps. LONDON, Sept 18- The dollar began European trading on Thursday almost 1.5 percent higher against the yen than 24 hours earlier, after the Federal Reserve sent another shock through the global financial system by raising its projections on future interest rates.
TOKYO, Sept 18- Land prices in Japan's three largest metropolitan areas rose in the 12 months to July 1, driven by investments in office properties and housing demand, but prices in most smaller cities kept falling, a government survey showed.
TOKYO, Sept 18- Confidence at Japanese manufacturers fell the most in nearly two years in September as a tax increase hit the economy harder than expected, while exports slid in August in a further sign that conditions have deteriorated in the crucial third quarter.
*Winter demand should support oil prices- OPEC delegates. SINGAPORE, Sept 18- Brent crude dropped towards $98 per barrel on Thursday as the dollar firmed amid fears of a faster hike in U.S. interest rates, while a rise in U.S. crude stocks also hurt prices.
SEOUL, South Korea— World stocks were mostly higher Thursday as Scotland voted in an independence referendum that could shake the U.K. economy and markets. KEEPING SCORE: Britain's FTSE 100 added 0.2 percent to 6,793.59 and Germany's DAX rose 0.8 percent to 9.739. 02.
*Winter demand should support oil prices- OPEC delegates. SINGAPORE, Sept 18- Brent crude dropped towards $98 per barrel on Thursday, pressured by a stronger dollar on fears about a looming U.S. interest rate increase and a steep spike in U.S. crude stocks.
TOKYO— Japan has agreed to cut purchases of eel fry from neighboring East Asian countries by 20 percent as part of moves to protect the endangered species. The agriculture ministry said the the agreement with China, South Korea and Taiwan, reached Wednesday, calls for reducing eel hauls by 20 percent for one year, beginning in November.
TOKYO, Sept 18- Japan's exports declined in August as shipments to the United States contracted, another sign the economy is struggling to rev up after a deep slump in April-June. A further period of lackluster exports and slack domestic demand could force the government and the Bank of Japan to find new ways to prop up the economy.
*Aug exports -1.3 pct y/y vs f'cast -2.6 pct y/y. TOKYO, Sept 18- Japan's exports declined in August as shipments to the United States contracted, adding to concerns the economy may see only a shallow recovery in the third quarter after a deep slump in April-June. The government and the Bank of Japan may also come under pressure to find new ways to prop up the economy.
TOKYO— Japan logged a 948.5 billion yen trade deficit in August, the 26th straight month of red ink, as slack demand from China and the U.S. stymied exports, the Finance Ministry said Thursday. Japan posted a 971.4 billion yen deficit in August 2013.
DALLAS- Federal Reserve Bank of Dallas President Richard Fisher moderates panel, "Perspectives on the Fed's Role in International Crises" before a conference hosted by the Federal Reserve Bank of Dallas- 2100 GMT.
ATLANTA— Delta Air Lines Inc. is offering early-retirement incentives to pilots including those who fly the Boeing 747 as it prepares to ground four of the jumbo jets later this year. The Atlanta- based airline plans to retire four of its 16 Boeing 747 s when it replaces them with the Boeing 777 on its Atlanta- Tokyo route, a spokeswoman said.
It opened its first flagship store in New York City's chic Soho neighborhood in 2006. With the addition this week of a new location in Wayne, New Jersey, the company- owned by the world's fourth-largest fashion retailer, Fast Retailing Co- now operates 26 U.S. stores.
PORTOROZ, Slovenia— Japan sought international backing Wednesday for its highly criticized plan to resume whale hunting in the Antarctic next year, despite a ruling against it by the top U.N. court.
TOKYO, Sept 17- Sony Corp cut its earnings outlook for the sixth time on Chief Executive Kazuo Hirai's watch on Tuesday as it announced a massive impairment change on its smartphone unit, which it has failed to grow despite a rapidly expanding market.
TOKYO, Sept 17- The Bank of Japan has begun paying banks for the privilege of lending them cash in a sign the central bank is reaching the limits of its power to reflate the economy, although it may soon be forced to pump yet more money into the financial system.
*Govt officials decline comment on stock sale. BANGKOK/ SINGAPORE, Sept 17- Thai rubber growers are calling for an investigation into government claims it sold half the country's stockpile of the commodity, as farmers grow increasingly disillusioned with what they see as a lack of state support.
TOKYO— Sony expects its annual loss to swell to $2 billion and has canceled dividends for the first time in more than half a century after writing down the value of its troubled smartphone business.
AHMEDABAD, India, Sept 17- A combination the "world's factory" and the "world's back office" will drive global economic growth, Chinese President Xi Jinping said ahead of a rare visit to India on Wednesday, playing down mistrust that has kept the Asian giants apart.