KTX, in central Japan's Aichi Prefecture, has won fans among automakers ... According to the 16th mold survey conducted by Nikkei at the end of fiscal 2017, 41 companies, or 33.1% of the total, said they planned to raise their capital spending this ... ( read original story ...)
Nikkei drops in choppy trade; Toshiba up on chip unit sale
TOKYO, May 15 (Reuters) - Japanese stocks pulled back from a recent 3-1/2 month high on Tuesday, hit by profit-taking, though bank shares staged a rally on hopes of strong earnings for the sector. The Nikkei share average ended 0.2 percent lower to 22,818 ... ( read original story ...)
Japan’s biggest banks revamp, close branches in efficiency drive
The top three lenders reported weak earnings at their core commercial banking units, propped up by lower bad loan costs, gains in stock holdings and other factors. Mitsubishi UFJ Financial Group Inc (MUFG) (8306.T), Japan’s largest lender, said on ... ( read original story ...)
Japanese banks trying to hold on to savings of dead clients
In an attempt to keep billions in funds left by deceased customers, Japanese regional banks are using special trusts to enter into banking relationships with the heirs of the departed. The step comes as the country’s local lenders have been losing 60 ... ( read original story ...)
Japan Post Bank plans $1.5bn in-house hedge fund
Japan Post Bank is to launch a $1.5bn in-house hedge fund, according to people familiar with the plan, as an institution that once symbolised the nation’s financial conservatism embraces a new level of risk in a quest for greater returns. The shift ... ( read original story ...)
Japanese Banking Giant will Launch its Own Cryptocurrency • Crypto News 24/7
The top three Megabank of Japan is to test MUFG Coin, allowing 100,000 MUFG Bank Account Holders to Participate. They will be able to convert their wire deposit into coins through a wallet-based wallet application with an MUFG of 1 yen. Once Japanese ... ( read original story ...)
Bank of Hawaii partners with Japan bank
Bank of Hawaii and Japan-based SMBC Trust Bank recently signed a unique collaboration agreement to provide access to select private banking services for certain Hawaii clients. Bank of Hawaii and SMBC Trust Bank will offer its Japanese clientele enhanced ... ( read original story ...)
Report: Japan’s Largest Bank to Test Its Digital Currency Next Year
Japan’s biggest bank, and the world’s fourth largest, is reportedly planning to launch a large-scale trial of its own digital currency as early as next year. According to a report fromHK, Mitsubishi UFJ Financial Group has plans to conduct a test of ... ( read original story ...)
Japan economy shrinks after two years of growth
But despite the broad-based slowdown, Minami said the economy would remain solid. "If you look at the Bank of Japan's 'Tankan' survey released in April, business confidence was unshaken, with corporate investment plans remaining solid," he said. ( read original story ...)
Tame Japan inflation to push back BOJ’s stimulus exit plans – Reuters poll
TOKYO (Reuters) - Japan’s central bank is likely to wait longer than initially expected to exit its super-easy stimulus, a Reuters poll of economists showed,, with almost half predicting that it won’t happen until 2020 or later given sluggish inflation. ( read original story ...)
TOKYO | Japan’s economy shrinks in January-March quarter
TOKYO — Japan’s economy shrank at an annualized rate of 0.6 percent in the quarter through March, as private investment and public spending declined, according to Cabinet Office data released Wednesday. Japan’s gross domestic product — the value of ... ( read original story ...)
Japan’s economy shrinks in January-March quarter
Japan's economy shrank at an annualized rate of 0.6 percent in the quarter through March, as private investment and public spending declined, according to Cabinet Office data released Wednesday. Japan's gross domestic product — the value of a nation's go ... ( read original story ...)
Japan’s economy shrinks for first time in two years
These are external links and will open in a new window Japan's economy shrank in the first quarter of 2018 for the first time in two years, ending the longest stretch of economic growth since the 1980s. The world's third largest economy contracted at an ... ( read original story ...)
Light earthquake: M4.2 quake has struck near Hachinohe in Japan
A light earthquake with magnitude 4.2 (ml/mb) was detected on Wednesday, 91 kilometers (57 miles) from Hachinohe in Japan. The earthquake occurred at a depth of 53.46 km (33 miles) below the earth’s surface. Id of earthquake: us1000e5q3. Event ids that ... ( read original story ...)
Light earthquake, 4.5 mag strikes near Otsuki in Japan
A light earthquake magnitude 4.5 (ml/mb) strikes 9 kilometers (6 miles) from Otsuki in Japan on Tuesday. Global date and time of event UTC/GMT: 15/05/18 / 2018-05-15 05:00:42 / May 15, 2018 @ 5:00 am. Exact location of earthquake, longitude 138.9843 East ... ( read original story ...)
Japan automakers race past rivals in profit margins
In the five-year average of net profit margins, the Japanese surpassed U.S. automakers General Motors and Ford Motor in fiscal 2015, and the German big three -- Volkswagen, Daimler and BMW -- in fiscal 2016, according to Nikkei group's QUICK and FactSet. ( read original story ...)