Thailand's junta wants to sell a positive story about its coup saving a troubled economy, but there is little evidence yet of a sustainable recovery.» Read More
JAKARTA, Aug 13- Indonesia's current account deficit in the second quarter was larger than expected at 4.27 percent of gross domestic product or $9.1 billion, central bank governor Agus Martowardojo said on Thursday.
FINMIN SAPIN SAYS FRANCE WILL MISS 2014 PUBLIC DEFICIT TARGET, FORECASTS DEFICIT ABOVE 4 PCT OF GDP VS 3.8 PCT TARGET- LE MONDE.
Philippe Waechter, head of economic research at Natixis Asset Management, says France has not enacted the right reforms after the economy stagnated in the second quarter.
By Ian Chua and Masayuki Kitano. SYDNEY/ SINGAPORE, Aug 14- Sterling set a fresh four-month low on Thursday, staying on the defensive after the Bank of England surprised investors the previous day by signalling it was in no hurry to raise interest rates.
Mitul Kotecha, Head of FX Strategy, Asia Pacific at Barclays, expects Japan's economy to recover slightly in the third quarter and discusses what that means for the Bank of Japan.
Ronald Man, Asia Pacific Economist at HSBC, says the Bank of Korea's rate cut on Thursday, along with the government's stimulus measures, will fuel growth in the South Korean economy.
More than 70 Chinese smaller cities and counties have dropped gross domestic product as a performance metric for government officials.
SYDNEY, Aug 14- Sterling languished at four-month lows early on Thursday, having taken the honors of the worst-performing major currency after the Bank of England signaled it was in no hurry to raise interest rates.
Chris Tinker, founder of Libra Investment Services, says that a weak German GDP number would be an opportunity for Germany and the ECB to push France and Italy towards more structural reforms.
Art Cashin, UBS director of floor operations, discusses consumer spending and how German GDP could impact the U.S. trade.
Japan's gross domestic product, or the total output of goods and services, also contracted 1.7 percent during the April-June period from the previous quarter. In the first quarter of 2011, Japan's economy shrank at an annual rate of 6.9 percent.
Masayuki Kichikawa, MD & Chief Japan Economist at BoA Merrill Lynch, says the sales tax hike and bad weather in June hurt Japan's economy in the second quarter.
SINGAPORE/ SYDNEY, Aug 13- The yen held steady versus the dollar on Wednesday, showing limited reaction to the widely expected contraction in Japan's economy in April-June, while the euro hovered above the previous day's lows.
Geoff Kendrick, Head of Asia FX & Rates Strategy at Morgan Stanley, explains why there were minimal movements in the yen despite a contraction in Japan's economy for the second quarter.
TOKYO, Aug 13- Tokyo stocks were choppy on Wednesday morning as geopolitical tensions checked risk-appetite, and investors were reluctant to chase the market higher after data showed Japan's economy suffered its biggest contraction in three years.
Jesper Koll, MD & Head of Japanese Equity Research at JPMorgan Securities Japan, says growing confidence among Japanese firms, which indicates a willingness to spend, can fuel the country's recovery.
TOKYO— The Japanese economy shrank during the second quarter, at an annual pace of 6.8 percent, according to government data, as spending got slammed by a tax raise that kicked in from April. Japan's gross domestic product, or the total output of goods and services, contracted 1.7 percent during the April-June period from the previous quarter, on a quarterly basis.
Peter Boardman, Managing Director, Tradewinds, says consumption spending in Japan will rise as the economy recovers from April's sales tax hike.
Naomi Fink, CEO of Europacifica Consulting, says the sharp contraction in Japan's economy for the second quarter was expected following April's consumption tax hike.
Keith Wade, chief economist at Schroders, says that Japan's second quarter GDP will likely be hit by its new consumption tax.