Mitsubishi UFJ Morgan Stanley, Nomura Securities, Goldman Sachs and JPMorgan were hired as global coordinators for Japan Post's IPO. The government sold about $12 billion worth of shares in Japan Post and its Japan Post Bank Co (7182.T) and Japan Post ... ( read original story ...)
CORRECTED-Japan govt to name underwriters for further Japan Post share sale -source
worth of shares in Japan Post and its Japan Post Bank Co and Japan Post Insurance Co units in a triple mega-IPO in November 2015. The parent company's stock was down 3.7 percent in afternoon trade after the Nikkei reported the government would sell a ... ( read original story ...)
Tokyo stocks lower by break, Takata dives on US deal
At the lunch break, Tokyo's benchmark Nikkei index was down 0.91 percent, or 175.38 points, at 19,111.90, while the broader Topix index of all first-section issues was down 0.84 percent, or 12.95 points, at 1,531.94. US officials said Friday that Takata ... ( read original story ...)
Tokyo stocks end morning down on strong yen
Tokyo shares fell Monday morning as automakers and other exporters were hit by a stronger yen, while the pound tumbled on reports Britain may be headed for a clean break with the EU. The benchmark Nikkei index fell 0.91 percent, or 175.38 points, to 19,111 ... ( read original story ...)
Sterling slides to three-month lows on 'hard Brexit' fears
TOKYO/SYDNEY (Reuters) - Sterling wallowed at three-month lows in Asian trade on Monday after media reports that the British government is prepared to make a "hard" exit from the European Union rekindled investors' fears about the impact of the impending ... ( read original story ...)
UPDATE 1-Japan govt to name underwriters for further Japan Post share sale -source
The government sold about $12 billion worth of shares in Japan Post and its Japan Post Bank Co and Japan Post Insurance Co units in the IPO, which was the largest privatisation of a Japanese state-owned firm since that of Nippon Telegraph and Telephone ... ( read original story ...)
Nikkei hits more than 2-week low on strong yen, fading Trump trade
TOKYO Jan 16 Japan's Nikkei share average fell on Monday to its lowest level in more than two weeks, hurt as the yen appreciated on concerns Britain might make a "hard" exit by from the European Union. Japanese stocks were also hurt as the Trump trade ... ( read original story ...)
Japan government to divest additional Japan Post stocks
TOKYO -- Japan's Ministry of Finance will sell part of its stake in Japan Post Holdings in the coming months. The maximum total value of the sale will be some 4 trillion yen ($35 billion) and could happen as early as this summer. The ministry will hold a ... ( read original story ...)
Indonesia, Japan discuss maritime security, railway project
BOGOR, Indonesia (Reuters) - Indonesia and Japan have agreed to step up maritime security and start discussions on a major railway project to link the Southeast Asian nation's capital and second-biggest city, the leaders of both countries said on Sunday. ( read original story ...)
Japan, Indonesia agree to boost maritime ties
which is majority owned by Japan's Inpex. Inpex had proposed a plan to develop the project offshore, but Indonesia said last year the project will be developed onshore instead. Nikkei staff writers Jun Suzuki and Bobby Nugroho in Bogor contributed to this ... ( read original story ...)
Does Japan's leader spend too much time in parliament?
A Nikkei survey found that over the past six years, Abe and his predecessors participated in parliament an average of over 90 days a year. Japan Akademeia, a research organization, reports that Britain's prime minister attended parliamentary sessions on 36 ... ( read original story ...)
Nikkei slips as Trump trade fades, steelmakers lead losses
TOKYO, Jan 16 Japan's Nikkei share average slipped on Monday as investors locked in gains, bracing for more detail on the Trump Administration's trade policies, with steelmakers and shippers leading the losses. The Nikkei average dropped 0.9 percent to ... ( read original story ...)
Rakuten launches commercial banking operations in Europe
With Rakuten Europe Bank, we aim to provide banking services in Europe that will parallel the successes of the Rakuten Group’s fintech businesses in Japan.” ( read original story ...)
Japan households' inflation expectations hit four-year low: BOJ
TOKYO Japanese households' sentiment worsened in the three months to December and their expectations of inflation hit a four-year low, a central bank survey showed, underscoring the challenges of eradicating the country's sticky deflationary mindset. ( read original story ...)
VND840 billion Hanoi rail consultancy contract agreed
The contract will last 74 months. Tran Van Luc, director of the management board for railway project, said the capital loan agreement for the project, signed between Vietnamese Government and Japan Bank for International Corporation (JBIC) is worth VND611 ... ( read original story ...)
Top Banking News
Assets of Philippine banks continued to post a double-digit growth in the first nine months amid external challenges arising from the impending rate hike in the US, the negative rates in Japan as well as the economic slowdown in China. Earnings of ... ( read original story ...)