TOKYO (dpa-AFX) - The Bank of Japan kept its monetary stimulus unchanged as widely expected on Tuesday. Governor Haruhiko Kuroda and his board members decided by an 8-1 majority vote to hold its target of raising the amount of outstanding JGB holdings at ... ( read original story ...)
Bank of Japan predicts steady economic expansion
The Bank of Japan kept monetary policy on hold in October as it made slight downgrades to inflation forecasts but predicted a steady economic expansion. It kept short-term interest rates at minus 0.1 per cent, a cap on 10-year bond yields at “around zero ... ( read original story ...)
Finance Ministry opposes free higher education for all students
The Finance Ministry considers it inappropriate to make higher education in Japan free without exception, informed sources said. The ministry now believes the proposed program, as part of Prime Minister Shinzo Abe’s initiative to support child-rearing ... ( read original story ...)
Japan offers Duterte aid for rebuilding, fighting terrorism
TOKYO (AP) — Philippine President Rodrigo Duterte won pledges from Japan of help with fighting terrorism and assistance in building the country's crumbling infrastructure, as he met with Japan's prime minister on Monday during a visit to the country. ( read original story ...)
JAPAN: Nikkei up, barely +0.01%, but that’s the 19th up day in the last 20 for Japanese stocks
03:59a Kobe Steel to withdraw its full-year earnings forecast: Nikkei 03:45a Kobe Steel to withdraw its full-year earnings forecast: Nikkei 03:45a Kobe Steel to withdraw its full-year earnings forecast: Nikkei 03:37a Kobe Steel to withdraw its full-year ... ( read original story ...)
Tokyo, financial results and reshuffles – THE WEEK
Also in Tokyo this week, Nissan demonstrated an autonomous prototype on the streets and said the tech will be ready for use in 2020. It might be ready, but will manufacturers be deploying it for real in just three years' time? Discuss. Regarding electric ... ( read original story ...)
Japan transport officials probe faulty Subaru inspections
TOKYO (AP) — Officials of Japan's ministry of land and transport conducted on-site checks Monday at two factories of the automaker Subaru where unqualified workers were inspecting its cars, as reports said the company plans to recall 255,000 vehicles to ... ( read original story ...)
Apple suppliers jump in Japan but weak financials leave Nikkei flat
TOKYO, Oct 30 (Reuters) - Japan’s Nikkei share average made little headway in choppy trade on Monday, with gains in suppliers to Apple Inc offset by selling in financials and caution ahead of major central bank meetings this week. The Nikkei ended flat ... ( read original story ...)
Nikkei edges lower, financials offset gains in Apple suppliers
TOKYO, Oct 30 (Reuters) - Japan’s Nikkei share average edged down in choppy trade on Monday morning as falls in financials countered gains in Apple suppliers after shares in the iPhone maker soared on Friday. In mid-morning trade, the Nikkei dropped 0.1 ... ( read original story ...)
Kobe Steel to withdraw earnings forecast after data scandal: Nikkei
It reports earnings on Monday at 3:30 p.m. (0630 GMT). Japan’s third-biggest steelmaker has also decided to cancel plans to pay an interim dividend for the first time in two years, the Nikkei reported. A company spokesman declined to comment on the ... ( read original story ...)
Japan bank Mizuho eyes cutting workforce by one-third: reports
Major Japanese bank Mizuho Financial Group is considering slashing its global workforce by about one-third over a decade, reports said, as it looks to replace clerical jobs with artificial intelligence and other technology. The lender is looking at ... ( read original story ...)
US and Japan should hammer out new trade rules, Pence aide says
As for security, Rose said the U.S. would continue to deploy its most advanced military assets in Japan. In an interview with The Nikkei following the forum, he said the U.S. would under no circumstances strike a deal recognizing North Korea as a nuclear ... ( read original story ...)
Bank of Japan Is in Kuroda Mode Even If He Leaves
Someone has to run the Bank of Japan. A robot can't do it (yet). Haruhiko Kuroda should be reappointed to continue as governor after his current term expires in April, and comfortingly, as of last week, he easily leads the field of contenders. Prime ... ( read original story ...)
Japan staging missile defense training in Hokkaido
TOKYO -- Japanese defense forces will conduct missile intercept training Tuesday in Hokkaido following North Korea's repeated firing of ballistic missiles through that airspace. The Japan Air Self-Defense Force will carry out the drill at the Erimo Sub ... ( read original story ...)
Japan’s biggest bank plans to slash branches 20 percent and trim payroll
The Bank of Tokyo-Mitsubishi UFJ, Japan’s largest bank, is considering shrinking its domestic branch network by up to 20 percent to boost profitability, a source said Sunday. As more of the nation’s lenders struggle under extremely low interest rates ... ( read original story ...)
Japan Debates Monetary Policy as BOJ’s Kuroda Seeks Second Term
Bank of Japan (BOJ) Governor Haruhiko Kuroda is poised to be re-appointed as the central bank’s chief after his current term expires in April, as PM Shinzo Abe – after winning the election in a landslide – plans a very cautious economic policy ... ( read original story ...)