JAPAN DAYBOOK: Sony, Toshiba, Toyota, Economic Assessment
The government releases its monthly assessment of the economy after a report last week showed the nation slipped back into recession. At least six analysts left their ratings of Sony unchanged at neutral to buy after the company said it had a full-year loss. Toshiba will add 700b yen to energy and environment spending over three years, the Nikkei newspaper reported ahead of a company briefing today.
ECONOMY *Government releases economic assessment
GOVERNMENT *Morning cabinet meeting followed by minister briefings *Chief Cabinet Secretary Edano briefings; after cabinet meeting and again at 4pm
CORPORATE *12:00am Japan Association of Corp. Executives Chairman Yasuchika Hasegawa speaks at Foreign Correspondents’ Club *1:30pm Toshiba (6502 JP) business strategy briefing *4:00pm All Nippon Airways low-cost carrier briefing *Takashimaya (8233 JP), Lawson (2651 JP) and at least 14 other annual shareholder meetings
EARNINGS *2:00pm Nippon Paper (3893 JP): FY net loss est. 25b yen, op profit 34b yen, sales 1.1t yen; company revised May 11
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