Japan to Tighten Control on the Senkaku. Prime Minister Shinzo Abe ordered the defense minister to tighten around the Senkaku Islands, the area in question with China. Deputy Minister of Foreign Affairs, Akitaka Saiki, has summoned the Chinese Ambassador in Tokyo as he uttered protest the Chinese government's inclusion of four ships in the region. The Chinese ships entered the Senkaku on Monday afternoon and left the area on Tuesday morning. China's Ministry of Marine Affairs has confirmed four ships stressing only ship patrolling the territorial waters of China. Ministry was criticized even turning Japanese who have entered the territory of China. "The attitude of Japan could worsen conditions in the region and has received special attention," said Sun Shuxian, Chinese Communist party officials who deal with marine issues.
Japan's relations with China have deteriorated since the government does Japan buy Senkaku islands of private investors Japan in September. China claims the island belongs to him who is also known as the Diaoyu Islands.
Sterling overload Weak Economic Outlook
Sterling weakened in the London session, weighed down by a gloomy outlook for the UK economy. British Retailers Consortium data show retail sales growth slowed in late 2012. It must be quite worrying because the end of a golden period for retailers and can make investors worried about the weak recovery of the UK economy. Retail sales only please register a rise of 0.3% in December; less than the previous publications which increased 0.4%. GBP / USD is now trading 1.6100, not far from the level 1.6076 daily low"The focus now is how the sterling early indicators for the first quarter 2013," said Adam Cole, head of strategic RBC Capital Markets, who estimates that sterling will move sideways in the range of 1.60 - 1.63. Investors will certainly be looking forward to the UK trade balance data will be released tomorrow and BoE meeting on Thursday to seek further instructions will Britain's economic recovery momentum.
Japan's relations with China have deteriorated since the government does Japan buy Senkaku islands of private investors Japan in September. China claims the island belongs to him who is also known as the Diaoyu Islands.
Sterling overload Weak Economic Outlook
Sterling weakened in the London session, weighed down by a gloomy outlook for the UK economy. British Retailers Consortium data show retail sales growth slowed in late 2012. It must be quite worrying because the end of a golden period for retailers and can make investors worried about the weak recovery of the UK economy. Retail sales only please register a rise of 0.3% in December; less than the previous publications which increased 0.4%. GBP / USD is now trading 1.6100, not far from the level 1.6076 daily low"The focus now is how the sterling early indicators for the first quarter 2013," said Adam Cole, head of strategic RBC Capital Markets, who estimates that sterling will move sideways in the range of 1.60 - 1.63. Investors will certainly be looking forward to the UK trade balance data will be released tomorrow and BoE meeting on Thursday to seek further instructions will Britain's economic recovery momentum.
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