SoftBank's first Sony smartphone deal takes aim at U.S. market

TOKYO - 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.

Recent Japan News


Twenty-one firms apply to underwrite Japan Post IPO 29 Aug 2014

TOKYO - Twenty-one companies have applied to underwrite Japan Post's [IPO-JAPP.T] initial public offering scheduled for 2015, which market participants expect to raise almost $10 billion (6.02 billion pounds) for the government.

Japan GPIF pulls $22 bln from JGBs as pension girds for change 29 Aug 2014

TOKYO, Aug 29 - Japan's $1.2 trillion public pension fund said on Friday that it had pulled almost $22 billion from investments in Japanese government bonds and other yen bonds in the second quarter, with the money shifting largely to cash and foreign investments.


China funds cut suggested equity allocations as hopes for recovery evaporate - Reuters Poll 29 Aug 2014

SHANGHAI - Chinese fund managers will cut the proportion of their portfolios invested in stocks over the next three months, following July's upward trend, as hopes for a quick economic recovery falter, a Reuters poll shows.


Fujitsu says UMC to take 9.3 percent stake in new foundry venture 29 Aug 2014

TOKYO - Japan's Fujitsu Ltd said on Friday that United Microelectronics Corp of Taiwan would make an initial investment of 5 billion yen (28.93 million pounds) for a 9.3 percent stake in its new foundry venture in central Japan.


Japan household spending slumps, output flat as tax pain persists 29 Aug 2014

TOKYO - Japanese household spending fell much more than expected and factory output remained weak in July after plunging in June, government data showed, suggesting that soft exports and a sales tax hike in April may drag on the economy longer than expected. | Video