TOKYO, Oct. 31 -- (Kyodo) _ ---------- Sony slashes full-year earnings projection for FY2013
TOKYO - Sony Corp. on Thursday revised downward its full-year earnings forecast for fiscal 2013 through March, citing slower sales of televisions, cameras and personal computers amid fierce price competition.
The Japanese electronics maker is now expecting to post a group net profit of 30 billion yen, against an earlier forecast of 50 billion yen.
---------- BOJ expects inflation rate to reach 1.9% in FY 2015
TOKYO - The Bank of Japan said Thursday it expects the country's inflation rate to reach 1.9 percent in fiscal 2015, almost achieving its target of 2 percent price inflation in about two years, buoyed by its drastic monetary easing steps adopted in April this year.
In leaving its price expectation unchanged in its semiannual economic outlook report for the next three years, the central bank kept intact its view of achieving the target from the end of fiscal 2014 through fiscal 2015, while citing a wage increase as one of factors that require monitoring for future price development.
---------- Mazda lifts FY 2013 earnings projection on yen's weakness
TOKYO - Mazda Motor Corp. on Thursday revised upward its earnings projection for the current business year through March due to the yen's recent weakness and brisk global sales of vehicles equipped with the Skyactiv fuel efficient technology.
The automaker now expects to post a group net profit of 100 billion yen, compared with 70 billion yen projected in April, and an operating profit of 160 billion yen, compared with an earlier forecast of 120 billion yen, on sales of 2.65 trillion yen, revised upward from 2.48 billion yen.
---------- Fuji Heavy revises upward FY 2013 earnings estimates
TOKYO - Fuji Heavy Industries Ltd. revised upward on Thursday its group sales and profit projections for fiscal 2013 citing effects of a weaker yen and solid sales of its Subaru-brand vehicles in Japan and North America.
The Japanese automaker now predicts sales of 2.3 trillion yen and a net profit of 178 billion yen for the 12-month period through next March, up 10.6 percent and 47.1 percent respectively from earlier forecasts released in July.
---------- H.K. gov't rebuts Philippine news report on hostage-taking
HONG KONG - Hong Kong'sSecurity Bureau said Thursday a Philippine news report claiming that the Hong Kong victims of a 2010 hostage-taking in which eight people died and seven others were wounded have accepted Manila's apology was "incorrect."