Logistics real estate developer and operator e-Shang Redwood (ESR) has just acquired a 194,000-square meter site near Osaka for the development of one ... with the company expected to head for a multi-billion dollar IPO later this year. ( read original story ...)
Q1 banking and finance news snapshot
The quarter was dominated by a directive handed down from the central bank that required financial institutions to declare they are private entities, resulting in a costly exercise for some big-name firms. It was revealed that Japanese investors sunk more ... ( read original story ...)
Frankfurt front runner for Nomura's new European HQ after Brexit
Japanese bank Nomura has narrowed down its hunt for a post-Brexit European subsidiary, with Frankfurt emerging as the front runner in the latest vote of confidence for the German financial hub. Nomura currently serves the bulk of its European clients ... ( read original story ...)
Japan woos Saudi Arabia for world’s largest IPO
Japan has offered to share its expertise in supply chain management, healthcare and renewable energy with Saudi Arabia, as the kingdom seeks to wean its economic dependency on crude oil. Saudi King Salman Abdulaziz Al Saud, the first monarch from the ... ( read original story ...)
Nikkei falls to 1-1/2-week low as Softbank slides, financials drag
TOKYO, March 21 Japan's Nikkei share average fell to a 1-1/2-week low on Tuesday as financial stocks underperformed after U.S. yields fell, while index-heavyweight SoftBank tumbled. The Nikkei dropped 0.3 percent to 19,455.88, the lowest closing level ... ( read original story ...)
France, Japan back free navigation in Asia-Pacific, Abe says
PARIS (Reuters) - France and Japan support a "free and open maritime order" in the Asia-Pacific region, Japanese Prime Minister Shinzo Abe said after talks with French President Francois Hollande on Monday. The message seemed aimed at China, which claims ... ( read original story ...)
Nikkei falls to 1-1/2-week low as financials weaken; Softbank down
TOKYO, March 21 Japan's Nikkei share average fell to a 1-1/2-week low on Tuesday morning as financial stocks were battered after U.S. yields fell, while index-heavyweight SoftBank tumbled and weighed on the index. The Nikkei dropped 0.5 percent to 19,432 ... ( read original story ...)
Japan, Germany join forces on standardizing IoT innovations
HANNOVER, Germany -- Japan and Germany agreed Monday to coordinate on international standards for the "internet of things" and artificial intelligence in a collaboration that could benefit Japanese technology companies. Japanese Prime Minister Shinzo Abe ... ( read original story ...)
Japan, Russia defense chiefs eye deeper ties, divided on some issues
TOKYO (Kyodo) -- The Japanese and Russian defense ministers agreed Monday to deepen bilateral cooperation in hopes of dealing with regional security challenges and to continue joint training between their nations' troops for maritime rescue and search ... ( read original story ...)
Japan Needs A Real Level Playing Field
The Japanese banking sector is taking up the domestic economic heavy lifting whilst the BOJ focuses on budget deficit monetization. All the hard work done reflating the Japanese economy since the bubble burst in the late 1980’s is now at risk from trade ... ( read original story ...)
Japan's gamble to help Myanmar's peace process
Japan has provided incentives for all parties to cooperate ... order with the [Burmese] military everywhere dominating people's lives," Jolliffe told the Nikkei Asian Review. "At the moment, it is unclear if the Tatmadaw, or Daw Aung San Suu Kyi, are ... ( read original story ...)
Germany's Merkel and Japan's Abe urge free trade with jabs at U.S.
Both called for a free trade deal to be reached quickly between Japan and the European Union, in comments made after G20 finance ministers and central bankers dropped a long-standing mention of open trade in their final communique after a two-day meeting ... ( read original story ...)
Japan Inc. signs on to Saudis' quest for diversified economy
TOKYO -- The first visit to Japan by a Saudi king in 46 years this week led to Japanese companies signing memorandums of understanding on 20 projects, but it remains to be seen how many of those undertakings will actually blossom in the desert nation. ( read original story ...)
Japan, Russia hold 1st talks on joint activities on disputed isles
TOKYO (Kyodo) -- Senior officials of Japan and Russia met Saturday for the first talks on possible joint economic development of islands off Hokkaido controlled by Moscow but claimed by Tokyo, in an effort to resolve the long-standing row surrounding the ... ( read original story ...)
G-20 finance chiefs to maintain past pledges on currencies
BADEN-BADEN, GERMANY – Group of 20 finance chiefs were to reiterate existing pledges on currencies, including commitments to avoid competitive devaluations, at the urging of Japan and the United States, a G-20 source said Saturday, as they prepared to ... ( read original story ...)
Japanese Banks are Building a Blockchain Platform for Money Transfer Tests
The Japanese Bankers Association (JBA), consisting banks both large and small, will unite to conduct tests for core processes such as money transfers and trade finance using a blockchain platform this year. With 120 full member banks, 3 bank holding ... ( read original story ...)