Turning to the Bank of Japan, Watanabe said as long as the economy grows steadily, he saw no need for the central bank to ease already massive monetary stimulus further barring big shocks to financial markets. "I don't think further easing would help much ... ( read original story ...)
Tokyo 2020 Olympic medals to be made of recycled metals
Medals for the Tokyo Olympics will be made from old smartphones and other electronic products, organisers said Wednesday, as they look to give the Games an environmentally friendly hue. "Medals made with recycled metals from discarded mobile phones and ... ( read original story ...)
Japan government, central bank to meet on market moves: BoJ
TOKYO: Japan's government and its central bank will hold crisis talks Wednesday on the market convulsions sparked by Donald Trump's strong showing in the US presidential election, which has seen stocks and currencies tumble. "The meeting on exchange of ... ( read original story ...)
Japan govt, central bank to meet on market moves: BoJ
The session will be held at 3 pm (0600 GMT) at Japan's Finance Ministry. Tokyo: Japan's government and its central bank will hold crisis talks Wednesday on the market convulsions sparked by Donald Trump's strong showing in the US presidential election ... ( read original story ...)
Japan finance officials in emergency talks after U.S. election shock
Japan's top economic officials are scrambling to respond to the financial market turmoil unleashed by the U.S. presidential election. The country's finance ministry and central bank were holding an emergency meeting Wednesday afternoon after wild trading ... ( read original story ...)
Japan's top FX diplomat signals readiness to intervene as yen spikes
The finance minister makes the final decision on whether to intervene in the currency market. Asakawa later told reporters he would not comment on whether Japan will step into the market. Senior officials from the Ministry of Finance, Financial Services ... ( read original story ...)
Japan government will take steps in financial markets if needed – Suga
TOKYO (Reuters) - Japan's top government spokesman said on Wednesday the government would take steps in financial markets if needed as it watches for any excessive volatility. Chief Cabinet Secretary Yoshihide Suga made the comment at a news conference ... ( read original story ...)
Japan finance officials in emergency talks after U.S. election
HONG KONG (CNNMoney) - Japan's top economic officials are scrambling to respond to the financial market turmoil unleashed by the U.S. presidential election. The country's finance ministry and central bank were holding an emergency meeting Wednesday ... ( read original story ...)
British American Tobacco to test e-cigarette in Japan
TOKYO/LONDON (Reuters) - British American Tobacco PLC (BAT) plans to test a new tobacco-based cigarette alternative in Japan next month, it said on Tuesday, taking aim at Philip Morris International Inc's popular iQOS and Japan Tobacco Inc's Ploom ... ( read original story ...)
For Japan’s Government Bonds, It’s All Quiet on the Trading Front
Trading in Japan’s government-bond market has nose-dived in October, a month after the central bank announced plans to take more control of long-term interest rates. Average daily trading volume in the world’s second-biggest bond market fell to ¥792.7 ... ( read original story ...)
Why Japanese Banks Lack Deal Mojo
Struggling to make profits grow in their domestic lending businesses, Japan’s banks have languished. Add to their pain negative interest rates and meaty cost structures, and the future is visibly bleak. Yet, not much has been done about it. Bank stocks ... ( read original story ...)
Poll finds 14% of Japanese adults living alone have no cash in the bank
Fourteen percent of Japanese adults living alone have no money in the bank to guard themselves for rainy days, according to a recent survey of several thousand people by the nation’s Central Council for Financial Services Information. The annual research ... ( read original story ...)
Banking Technology November 2016 issue out now
In Japan we’ve got a consortium with a catchy title of “The Japan Bank Consortium to Centrally Provide Domestic and Cross-Border Payments”. It was set up earlier this year by Ripple and SBI Holdings and has recently opened its blockchain doors ... ( read original story ...)
BOJ policymakers admit time needed to hit price target: September minutes
TOKYO A majority of Bank of Japan policymakers believe it could take time for inflation expectations to firm, underscoring lingering doubts on how effective the BOJ's new policy framework would be in achieving its ambitious 2 percent price target. ( read original story ...)
Japanese Bank's MBS Suit Against JP Morgan Revived
Your article was successfully shared with the contacts you provided. A Japanese bank that filed eight lawsuits against multiple investment banks in 2013 over mortgage-backed securities saw one court victory last week, when an appellate court allowed its ... ( read original story ...)
We're All Hedge Funds Now, Part 4: Central Banks Become World's Biggest Stock Speculators
The Bank of Japan's Unstoppable Rise to Shareholder No. 1 (Bloomberg) – The Bank of Japan's controversial march to the top of shareholder rankings in the world's third-largest equity market is picking up pace. Already a top-five owner of 81 companies in ... ( read original story ...)