Charles Dumas, director and chief economist at Lombard Street Research, comments on Japan's latest inflation data and says that Abe's structural reforms are making Japan's "basic problems worse".» Read More
LJUBLJANA- Bled Strategic Forum 2014 in Slovenia.
LONDON, Aug 29- Gold prices steadied on Friday, paring earlier losses as stock markets slipped lower on both sides of the Atlantic, and remained on track to end the month with a small gain. Investors remain on edge over tensions between Russia and Ukraine after Ukraine said on Thursday that Russia had moved troops into the country.
Investors who missed out on Apple’s turnaround should eye Japan and Korea’s low-valued, “cash-hoarding” companies, say analysts at Citi.
*Mobile is weak link in Sony's struggling electronics division. TOKYO, Aug 29- Japan's SoftBank Corp and its U.S. mobile carrier Sprint Corp will offer a Sony smartphone for the first time, sources with knowledge of the matter said, as the two technology titans confront daunting challenges in the U.S. market.
Nintendo announced Friday that 12 characters will initially be part of its upcoming toy-game franchise set for release later this year.
*Shares recover after Ukraine jitters sparked selling. Investors remain on edge over tensions between Russia and Ukraine after Ukraine said on Thursday that Russia had moved troops into the country. "Looking at Treasuries, worries about Ukraine are delivering some kind of support.
TOKYO— Japan and India both have much to gain from a visit by Prime Minister Narendra Modi and more than a dozen Indian steel, energy and IT tycoons that begins Saturday in the ancient capital of Kyoto.
*Mobile is weakest link in Sony's struggling electronics division. TOKYO, Aug 29- Japanese wireless operator SoftBank Corp will offer a Sony smartphone for the first time, selling a soon-to-be-launched Xperia in Japan, and in the United States via its unit Sprint, sources with knowledge of the matter said.
LONDON, Aug 29- The euro was on track for a second straight month of losses on Friday, with selling likely to accelerate if data show euro zone inflation has slowed further, making it more likely the European Central Bank will loosen policy. The euro was trading at $1.3165, down 0.1 percent on the day, not far from the one-year low of 1.31525 it struck on Wednesday.
SINGAPORE, Aug 29- Gold was little changed on Friday but was on track to post a monthly gain, as growing tensions between Russia and Ukraine stoked safe-haven demand for the precious metal. Gold was trading flat at $1,289.20 an ounce by 0306 GMT.
China's defense budget nearly three times Japan's. TOKYO, Aug 29- Japan's defense planners are seeking their biggest budget ever for the coming fiscal year to pay for stealth fighters, drones and a hi-tech submarine, as Prime Minister Shinzo Abe bolsters the military amid an intensifying rivalry with China.
*Managers increase U.S., Japan shares, trim euro zone shares. TOKYO, Aug 29- Japanese fund managers continued to increase the proportion of shares in their model portfolio allocations in August, particularly of U.S. equities, as they bet on a steady global recovery and signs of growing strength in the world's largest economy.
TOKYO, Aug 29- Japanese government bond prices slipped on Friday as participants sold into a recent rally to take profits, forcing debt yields away from recent troughs.
TOKYO— Japan's vital signs remained weak in July as wages fell further and household spending dropped, signaling continued weakness in the world's third-largest economy. Much of the increase stems from a 2 percentage point increase in Japan's sales tax in April, which has since sapped much of the steam from the country's economic recovery.
Paul Sheard, Chief Global Economist, Standard & Poor's, says Japan is still not getting the right kind of inflation and explains why the tax hike could be a headwind to recovery.
Nicholas Weindling, Fund Manager at J.P. Morgan Asset Management, says factory output missed expectations because of weak global demand and Japanese firms relocating factories overseas.
Nicholas Weindling, Fund Manager at J.P. Morgan Asset Management, says July's household spending is still seeing a reactionary decline due to April's sales tax hike.
Japan's government will increase the inheritance tax rate in January, while tax relief measures on gifting will be expanded, in moves aimed at encouraging wealthy, older Japanese to either spend or pass on their savings before they die.
Although atomic power is languishing, the industry is going on the offensive to change the conversation.
NEW YORK, Aug 28- Stock markets around the world fell on Thursday after Ukraine said Russia moved more troops into the country, escalating the risk of the region's crisis spreading, as nervous investors shifted money into gold and U.S. and German government bonds.