The data will keep policymakers under pressure to do more to stimulate the economy, with fiscal spending likely the more preferred option as three years of aggressive easing by the Bank of Japan failed to accelerate inflation to its 2 percent target. ( read original story ...)
Japan Display Said Close to a Bailout
Nov.24 -- Japan Display is said to be close to winning a bailout from INCJ worth nearly $900M. Bloomberg's Yuji Nakamura reports on "Bloomberg Daybreak: Asia." ( read original story ...)
Tokyo gets November snow for first time in 54 years
Tokyo woke up Thursday to its first November snowfall in more than half a century, leaving commuters to grapple with train disruptions and slick streets. Snow began falling before dawn with the mercury approaching zero as a cold weather system moved south ... ( read original story ...)
Japan, South Korea to Share Military Intelligence
Nov.23 -- Japan and South Korea have buried some of their traditional bitterness as they take on the security challenge from North Korea, but a new pact to share military intelligence is already worrying China. Bloomberg's Andy Sharp reports on "Bloomberg ... ( read original story ...)
Japan Has the Gloomiest Millennials
Nov.23 -- Japan has an unwanted title. Its millennials are the gloomiest in the world. Prime Minister Shinzo Abe's so far unsuccessful attempts to revive the economy have left young people expecting a future of struggle. Bloomberg's Sophie Kamaruddin ... ( read original story ...)
Nikkei rises for 6th day as yen weakens; Topix gains for 10th day
TOKYO, Nov 24 Japan's Nikkei share average rose for a sixth day on Thursday as prospects of exporters' earnings improved after the dollar jumped against the yen, helping such stocks as Toyota and Honda. Japanese markets were closed for a national holiday ... ( read original story ...)
BANK OF JAPAN : Banknote issue, bill clearings
11/17 G30 STUDY HIGHLIGHTS RISKS TO FINANC: Rise of Shadow Banking Activities Merit C.. 01:33a LLOYDS BANKING: British taxpayers face 27 billion pound loss from bank bailout 11/23 DJ BANK OF AMERICA: Sting from Merrill's International Shift Lingers ... ( read original story ...)
Japan’s Bank Earnings Hindered by Negative Rates, Stronger Yen
TOKYO—Profits at Japan’s top banks were hurt by negative interest rates and a stronger yen in the fiscal first half, highlighting challenges in the banking industry. Japan’s biggest lender, Mitsubishi UFJ Financial Group Inc. or MUFG, reported net ... ( read original story ...)
WRAPUP 2-Japan top banks' H1 profits hit by Bank of Japan's negative rate policy
* MUFG H1 net profit down 18 pct to 490.5 bln yen * Mizuho H1 net profit falls 7 pct to 358.2 bln yen * SMFG H1 net profit drops 7.5 pct to 359.2 bln yen * Negative interest rates hurt banks' bottom lines By Taiga Uranaka TOKYO, Nov 14 Japan's top banks ... ( read ...
RPT-Japanese private equity emerging from its torpor
GOOD YEAR TO RAISE FUNDS As Japan's central bank implemented a policy of negative interest rates at the beginning of the year, exacerbating the difficulty of finding investment yield in an era of low returns, more investors started to look at private ... ( read original story ...)
Central bank plays trump card early to shock markets straight
TOKYO -- The Bank of Japan last week offered to buy bonds at a fixed yield to curb rising interest rates, playing what was seen as an ultimate trump card far earlier than many expected. The BOJ announced its first-ever fixed-rate purchase operation on the ... ( read original story ...)
Japan's Asakawa says Trump presidency won't change Japan forex policy: Nikkei
TOKYO Japan's top currency diplomat Masatsugu Asakawa said there will be no change to Japan's currency policy after U.S. President-elect Donald Trump forms his administration, the Nikkei newspaper reported on Thursday. Japan guides exchange-rate policy ... ( read original story ...)
Japan Nikkei PMI Points to Sustained Manufacturing Growth in November
A private gauge of Japanese manufacturing activity weakened unexpectedly this month, but remained firmly in positive territory as output, new orders and exports rose. The Markit/Nikkei flash manufacturing purchasing managers’ index (PMI) came in at 51.1 ... ( read original story ...)
Japan stocks rise to near 11-mth high, dollar bulls continue charge
The common currency has dropped nearly 4 percent so far in November. Japan's Nikkei was up 1.1 percent, touching its highest level since early January. "If you want to hedge or profit from a 'make America normal again' trade the best way is through ... ( read original story ...)
Kitchen Pro Files: Chef Mitsuharu Tsumura, Master of Nikkei Cuisine
Combining his Japanese and Peruvian heritage, Lima-born Chef Mitsuharu Tsumura last month gave diners at Shangri-La at the Fort, Manila, a one of a kind Nikkei culinary experience. "Since it's the first time in Manila and many people don't really know ... ( read original story ...)
Credit Suisse Goes Bullish On Nikkei
Readers of this blog have complained that the Nikkei 225 is not rallying as fast as the yen is weakening. Credit Suisse appears to share that sentiment. Credit Suisse raised its weighting in Japanese stocks to Overweight, now seeing Nikkei to hit 20,000 by ... ( read original story ...)