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Month: September 2023

Posted on 06/09/2023

Arm Holdings IPO: SoftBank’s Chip Maker Could Go Public As Soon As Next Week

With concerns about the smartphone market and its exposure to China, Arm has a potential uphill battle to achieve its valuation.

Posted on 06/09/2023

Japanese Yen and Nikkei on the Move as Officials Send Latest Warning

The Japanese yen nervously depreciates to levels that could trigger another round of FX interventions after officials communicate disconnect between rate and fundamentals ...

Posted on 06/09/2023

China and Japan push back against dollar strength

People’s Bank of China sets renminbi trading band higher than expected while Tokyo warns against yen’s decline ...

Posted on 06/09/2023

Toyota blames factory shutdown in Japan on ‘insufficient disk space’

The Japanese carmaker said the stoppage on 29 August at all 14 ... This minimises costs and improves efficiency, and is studied by other manufacturers and at business schools around the world. However ... ( read original story ...)

Posted on 06/09/2023

KKR to list chip equipment maker as Tokyo experiences IPO revival

The suddenness of the Marelli crisis raised red flags among Japanese banks and hurt KKR’s reputation in the country. People close to the IPO plans said the group intended to list Kokusai during a ...

Posted on 06/09/2023

Japan shares extend highs as weak yen boosts autos, energy stocks gain

Japanese equities closed at new highs on Wednesday, with the weakest yen rate since November boosting automakers, while energy shares outperformed amid a surge in crude oil prices.

Posted on 06/09/2023

Japan’s Mizuho bank to join MUFG’s stablecoin platform

Mitsubishi UFJ Trust and Banking Corporation and Web3 developer Ginco Inc. have partnered to introduce what they call Japan's first "crypto asset trust." ...

Posted on 06/09/2023

Tokyo to Enhance Security Coordination, Strengthen Strategic Saudi-Japanese Dialogue

Japanese Foreign Minister Yoshimasa Hayashi, who is currently visiting the region, emphasized the strategic nature of the relationship between Riyadh and Tokyo, citing significant potential to deepen ... ( read original story ...)

Posted on 06/09/2023

Japan’s ‘moon sniper’ to test precision landing – and Tokyo’s space ambitions

The landing is likely to be a “breathless, numbing 20 minutes of terror”, says mission overseer. Read more at straitstimes.com. ( read original story ...)

Posted on 06/09/2023

Japan won’t rule out options if FX speculation persists, officials say

Japan's top currency diplomat Masato Kanda said on Wednesday that authorities won't rule out any options on currencies if speculative moves persist, a comment apparently warning against a sell-off in ... ( read original story ...)

Posted on 06/09/2023

BOJ policymaker sees shift in Japan’s deflationary mindset

Japan is seeing early signs of change in the public's long-held perception that wages and inflation won't rise much, central banker Hajime Takata said, suggesting conditions for phasing out the bank's ... ( read original story ...)

Posted on 06/09/2023

GIC considering sale of Tokyo skyscraper for over $2 billion

The sale plans come as a glut of new office supply is expected in Tokyo over the next two years, potentially tempering investor appetite. ( read original story ...)

Posted on 06/09/2023

Japan’s Gaga Corp Talks ‘Monster’ Success, US Strikes Impact & Upscale Horror, As ‘Nightborn’ Joins Busy Acquisitions Slate

it’s an uphill battle marketing and distributing specialist films in Japan – many of Tokyo’s arthouse cinemas have recently closed – but it also remains one of the few markets in the world that still ... ( read original story ...)

Posted on 06/09/2023

There are just six bitcoin billionaires in the world, new crypto super-rich report says

Hundreds of millions of people have crypto investments, but only few of them have holdings worth more than $1 million, a new survey shows.

Posted on 06/09/2023

Opening of Osaka casino resort delayed one year to 2030

OSAKA--The nation's first casino-centered integrated resort (IR), planned on a manmade island here, remains a safe bet although the opening will be pushed back a year to around autumn 2030.

Posted on 06/09/2023

Tokyo stocks see 8-day rally, Topix hits 33-yr high on weak yen

TOKYO (Kyodo) -- Tokyo stocks on Wednesday extended their winning streak to eight days, with the Topix index climbing to a fresh 33-year high, as exporters were boosted by the yen's depreciation ... ( read original story ...)

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