A giant sinkhole swallowed a five-lane street in the centre of one of Japan's biggest cities on Tuesday morning. The collapse began at around 05:00 local time (20:00 GMT Monday) near Hakata Station, the busiest in Fukuoka city in the southern island of Kyushu. ( read original story ...)
Japan, South Korea reaffirm alliance with U.S. ahead of presidential election
the U.S.-Japan alliance is the axis of Japanese diplomacy," Japanese Foreign Minister Fumio Kishida told reporters on Tuesday, according to NHK and Kyodo news agency. Kishida also said that he had heard it is a "tight race" and that he will be "paying ... ( read original story ...)
Parts of street collapse in southern Japan city; no injuries
TOKYO -- Parts of a main street collapsed in the heart of a major city in southern Japan on Tuesday, creating a massive sinkhole and cutting off power, water and gas supplies to parts of the city. Authorities said no injuries were reported from the pre ... ( read original story ...)
Keio student held for pushing girlfriend off station platform in Yokohama
YOKOHAMA – The Kanagawa Prefectural Police on Sunday evening arrested a male Keio University student for pushing his girlfriend off a train platform and onto the tracks at Hiyoshi Station on the Tokyu Toyoko Line in Yokohama. Yuki Ozawa, 22, a third-year ... ( 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 ...)
Japanese Journalist Detained in Iraq Released
A Japanese freelance journalist detained by local authorities in Iraq was released Monday after being suspected of being a member of the Islamic State group. Kosuke Tsuneoka was handed over by the authorities in the Kurdistan region in northern Iraq to the ... ( read original story ...)
Nissan's quarterly profit falls on weak Japan sales, yen
TOKYO -- Japanese automaker Nissan Motor Co. reported Monday that its profit fell 15 per cent in the July-September quarter. Strong sales in North America and China failed to make up for sluggish demand in Japan and a stronger yen. Profit in the last ... ( read original story ...)
The Latest: Kurds Deport Japanese Over Alleged IS Contacts
Japan's Kyodo News agency has previously said that Tsuneoka was a freelancer reporting on the battle to recapture the city of Mosul from the Islamic State group, and had been held by Kurdish military forces known as the peshmerga. 4 p.m. Iraqi officials ... ( 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 ...)
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 ...)
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 ...)
Consumer prices in Japan fall for seventh straight month
Long stuck in a battle against deflation, signs are not good for the world’s third largest economy. There are calls for the Bank of Japan to push back their inflation target. Economic growth continues to falter in Japan as consumer prices fell in Japan ... ( 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 ...)