went to his office in the front of the church on the campus of Tokyo Adventist Hospital. On his desk he found 3 million yen ($30,000) in cash. Pastor Rha was thrilled, and he excitedly broke the news to the other church board members. The next Sabbath ... ( read original story ...)
ANZ to exit Cambodian venture with stake sale to Japan’s J Trust
(Reuters) - Australia and New Zealand Banking Group (ANZ.AX) has agreed to sell its 55 percent stake in a Cambodian joint venture to Japan’s J Trust (8508.T), as the lender exits a string of minority holdings to streamline its capital requirements. ( read original story ...)
Japanese banking giant plans large-scale trial of own cryptocurrency ‘MUFG Coin’: Report
The banking arm of Japanese financial giant Mitsubishi UFJ Financial Group (MUFG) is planning to test its own cryptocurrency as early as 2019, CoinTelegraph reported referring to a report from local news outlet NHK. The reports of MUFG exploring its own ... ( read original story ...)
Japan bank buys major stake in ANZ Royal Bank
Japan's largest bank acquired more than half of ANZ’s shares in Cambodia on Thursday, according to a statement from Kith Meng’s Royal Group. Japan's JTrust Bank, announced that they had acquired a 55% of stake in ANZ Royal Bank. According to a Royal ... ( read original story ...)
Lending Scandal Adds To Corporate Japan’s Compliance Woes
Regional lender in Japan, Suruga Bank, apologized this week and admitted that staff may have knowingly processed loan documents that were falsified for a struggling property investment scheme, adding to the list of corporate scandals plaguing the country ... ( read original story ...)
Bank of Japan : Release of Latest “Loans and Bills Discounted by Sector” and “Loans to Households” Data
The most recent 2018:Q1 figures for 'Loans and Bills Discounted by Sector' and 'Loans to Households' are now available at 'BOJ Time-Series Data Search. ' In line with this release, figures for 'Loans and Bills Discounted by Sector' and 'Loans to Households ... ( read original story ...)
Japan’s economy contracts in Jan-March, as spending lags
TOKYO -- Japan's longest straight period of expansion in nearly three ... a deflation-fighting stimulus program driven mainly by asset purchases by the central bank that are injecting billions of dollars into the economy each year. The aim has been to ... ( read original story ...)
Japan GDP A Clear Signal For BOJ, While Savings Rate Surges
However, the report sends a loud and clear message for policy makers in general, the Bank of Japan (BOJ) in particular: there is no room for complacency. All components of private demand contracted simultaneously; only exports reported solid growth ... ( read original story ...)
Japanese bank to pilot digital currency for in-store payments
Mitsubishi UFJ Financial Group, the world’s fifth largest bank, is to invite 100,000 customers to participate in a pilot of MUFG Coin, a blockchain-based digital currency that customers will be able to use to make mobile payments in stores. The trial is ... ( read original story ...)
Japan’s Economy Likely to Rebound: 5 Solid Buys
For the first time in two years, Japan’s economy slipped in the first quarter. The economy contracted 0.6% on an annualized basis in the first quarter thanks to an unexpected fall in capital investment and flat private consumption. This might cause a ... ( read original story ...)
Japanese seniors sue government over forced sterilization program
They filed their cases Thursday at district courts in Tokyo and the northern cities of Sendai and Sapporo. One of them, Kikuo Kojima, 76, from Sapporo, said he decided to speak out to let people know about the policy. He is seeking 11 million yen ($127,000 ... ( read original story ...)
Finance Minister Aso warned over jeering in Diet
TOKYO -- Deputy Chief Cabinet Secretary Yasutoshi Nishimura said on May 16 that he gave a verbal warning to Finance Minister Taro Aso over his jeering of an opposition legislator during a recent Diet session. During a House of Representatives Budget ... ( read original story ...)
Mercari, Japan’s first unicorn, files for $1.1B Tokyo IPO
Mercari, the eBay-like service that is Japanese first tech startup unicorn, has filed to go public in an IPO that could raise as much as $1.1 billion. The company is scheduled to list on the Toyko Stock Exchange’s Mothers Market — a board for high ... ( read original story ...)
Coming to grips with Yokohama Advan dB V552
We tested Yokohama’s latest Advan dB series and checked out its ‘silent running’ credentials in Thailand. Yokohama Rubber is extremely proud of its “silent” tyre, the Advan dB; thus labelling it ‘dB’ (decibel) was deemed the perfect ... ( read original story ...)
Japan core machinery orders fall in March, capex recovery seen intact
TOKYO (Reuters) - Japan’s core machinery orders fell in March for the first time in three months, but manufacturers forecast a rise for April-June, suggesting capital expenditure could hold up despite news that the economy contracted in the first quarter. ( read original story ...)
Earthquake jolts eastern Japan’s Chiba, no tsunami warning
TOKYO (Reuters) - An earthquake with a preliminary magnitude of 5.3 hit eastern Japan on Thursday, the Japan Meteorological Agency said. The epicenter of the quake was off the coast of Chiba prefecture, the agency said, adding that a tsunami warning had ... ( read original story ...)