“This is a big decision, since it will create what will be the only container-shipping company in Japan,” he said. “But with the European industry consolidating and the business becoming more of an oligopoly, we need the scale that being a single ... ( read original story ...)
Japanese shippers to merge container lines; Puget Sound impact unclear
Japan’s three biggest shippers agreed to combine their container operations to create the world’s sixth-largest box carrier, as the industry steps up consolidation this year amid global turmoil in the sea-cargo business. Nippon Yusen KK (NYK), Mitsui O ... ( read original story ...)
Bank of Japan delays inflation goal in blow to 'Abenomics'
TOKYO: Japan's central bank on Tuesday (Nov 1) again pushed back the timeline for hitting its inflation goal, the latest policy change that has raised questions about attempts to revive the deflation-plagued economy. The Bank of Japan has for the past ... ( read original story ...)
Bank of Japan sits back for Clinton-Trump ride
The Bank of Japan is sitting back for the ride. The central bank kept policy unchanged on Nov. 1, even as it trimmed inflation forecasts. Adding extra stimulus weeks after introducing a new, yield-focused framework would look nervous. The BOJ also needs ... ( read original story ...)
Tokyo stocks close up after BoJ meeting
Tokyo shares closed higher Tuesday ... accounting for roughly one-third of Japan's non-financial listings, the paper said. Energy firms tracked a plunge in oil prices Monday after OPEC's failure last week to hammer out details of an agreement to cut ... ( read original story ...)
Kurdish authorities detain Japanese journalist in Iraq
Japan's Kyodo News agency says that journalist Kosuke Tsuneoka (koh-soo-keh soo-neh-OH-ka) was reporting on the battle to recapture the city of Mosul from the Islamic State group. Kyodo reported he is being held by the Kurdish militia known as the peshmerga. ( read original story ...)
Tokyo panel details venue changes, cost cuts for 2020 Games
TOKYO -- The rowing and canoeing venue for the 2020 Olympics should either be moved to a site hundreds of kilometres away in northern Japan or downgraded to a temporary facility in Tokyo, a city government cost-cutting panel said Tuesday. The ... ( read original story ...)
Nikkei drops on US election uncertainty but shipping stocks steam ahead
TOKYO Oct 31 Japan's Nikkei fell on Monday as heightened uncertainty over the U.S. presidential election kept investors on edge, but shares of major shipping firms jumped after news that they will merge their container shipping businesses. Trading was ... ( read original story ...)
Nikkei falls on disappointing profit outlooks; BOJ awaited
Inpex Corp dropped 1.4 percent, Japan Petroleum Exploration Co shed 1.0 percent. The broader Topix fell 0.3 percent to 1,389.25 and the JPX-Nikkei Index 400 declined 0.3 percent to 12,455.73. ( read original story ...)
Japan Nikkei Manufacturing PMI Final was reported at 51.4 in Oct
Buz Investors Japan Nikkei Manufacturing PMI The IHS Markit/Nikkei Japan final Manufacturing PMI came in at 51.4 in October of 2016, compared to a preliminary figure of 51.7 and a final 50.4 in September. It was the highest reading since January and ... ( read original story ...)
Most Asian markets down, but Nikkei trades up
A man looks at price lists outside a store in Tokyo. Japan’s core consumer price index slipped 0.5% from a year earlier in September. The Nikkei was the bright spot Friday during a generally downbeat day for Asian markets, amid yen weakening and as gains ... ( read original story ...)
Japan shippers face stormy seas despite consolidation
Shipping of such goods as metals, crude oil and cars will be the main business of the three major Japanese ocean freight companies after the containership spinoff. But the outlook for these areas is dimming. Nippon Yusen and Kawasaki Kisen forecast pretax ... ( read original story ...)
Japan-South Korea frictions may throw wrench into talks
TOKYO -- Some in the Japanese government are concerned that long-standing issues with South Korea will hamper progress at a three-way summit including China later this year. The Tokyo meeting will mark South Korean President Park Geun-hye's first visit to ... ( read original story ...)
Nikkei drops as US election uncertainty sours mood, shippers jump
while Japan’s three major shippers jumped after news that they will merge their container shipping businesses. The Nikkei fell 0.5 percent to 17,353.04 by midmorning, after ending at a six-month high on Friday. US shares fell and the dollar dropped on ... ( read original story ...)
Is Nikkei Ready To Rise Again?
After successful tests of its broken multi-decade downtrend, Japan’s Nikkei 225 has a chance to commence a new up leg... We’ve been pointing out the thinning nature of the stock market rally of late. In fact, as recently as yesterday we noted that just ... ( read original story ...)
Bank of Japan Trims Inflation Forecasts
TOKYO—The Bank of Japan revised down its inflation forecasts Tuesday following a raft of poor data, but held off expanding stimulus in a sign that Gov. Haruhiko Kuroda has set the bar much higher for taking action. At the end of a two-day meeting, the ... ( read original story ...)