"We have decided to maintain prices for March so that local market prices would come in line with our revised prices," Tokyo Steel's managing director Kiyoshi Imamura told a news conference on Monday. "Export demand is improving as China reduces its ... ( read original story ...)
Tokyo stocks retreat in morning as firm yen dents exporters
TOKYO, Feb. 20 (Xinhua) -- Tokyo stocks retreated Monday morning as the Japanese yen's strength against the U.S dollar hurt exporters and dragged down the broader market. The 225-issue Nikkei Stock Average shed 27.32 points, or 0.14 percent, from Friday to ... ( read original story ...)
Finance bureau sells property for school far below appraised value
OSAKA--A Finance Ministry local bureau here sold a state-owned parcel to a private school operator connected to the wife of Prime Minister Shinzo Abe at a fraction of the price of an adjacent similar-sized state-owned lot. Akie Abe will be the honorary ... ( read original story ...)
Nagoya junior high trio hold cancer event to share concerns
The first event, called cancer philosophy cafe, was held on Feb. 11 at a medical facility in Mizuho Ward in Nagoya and the three students plan to hold the gathering once every three months. The event was organized by 14-year-old cancer patient Kodai ... ( read original story ...)
Yokohama to Introduce New OTR Tire
The MYX S01 will be part of the company’s range of OTR and commercial tire offerings at ConExpo. Yokohama will be rolling out a new off-the-road (OTR) radial all-weather tire – the MYX S01 – at ConExpo in Las Vegas, March 7-11. In total, the company ... ( read original story ...)
Bun fight! Thousands of men in loincloths take part in a NAKED festival in Japan where they battle it out for a pair of blessed sticks
Dressed in only white loincloths, 10,000 men gathered at a Japanese temple over the weekend to scramble for a pair of lucky sticks. The men were taking part in Hadaka Matsuri - or the Naked Man Festival - which takes place every year at the Saidaiji Kannon ... ( read original story ...)
Asian Games: Largest Asian Winter Games open in Sapporo
"I declare open the eighth Asian Winter Games which are being held in Sapporo and Obihiro," the crown prince said of the games, which will run until next Sunday. Australia and New Zealand are attending as non-medal participants in their Asian Winter Games ... ( read original story ...)
Japan’s buckling health care system at a crossroads
The inauguration last month of Donald Trump as U.S. president and his plan to repeal the 2010 Affordable Care Act, known as “Obamacare,” has left many people here wondering: How does Japan compare? In Japan, health care has long been likened to air and ... ( read original story ...)
Japan posts bigger-than-expected trade deficit in January
Japan's merchandise trade balance with the rest of the world came to a Y1.087 trillion deficit. Economists polled by the Nikkei had forecast a Y629.3 billion deficit. Overall imports climbed 8.5% in January to Y6.509 trillion for the first rise in 25 months. ( read original story ...)
Nintendo lowers price of development kits to entice indie game makers
Developing games for the Nintendo Switch just got way more affordable. At the Game Creators Conference 2017 in Osaka, Japan, Nintendo announced that Switch development kits would only cost 50,000 yen, or roughly $450. More: Nintendo’s Switch is one ... ( read original story ...)
DIARY-Top Economic Events to March 29
... to speak on "Looking Back on 10 Years at the Federal Reserve Bank of Atlanta" before the 2017 Banking Outlook Conference - 1335 GMT. YAMANASHI, Japan - Bank of Japan policy board member, Takahide Kiuchi, to meet with business leaders. MONDAY, FEBRUARY ... ( read original story ...)
SMBC head says will give Toshiba as much support as possible
TOKYO Sumitomo Mitsui Banking Corp (SMBC), one of the main lenders to Toshiba Corp (6502.T), will provide as much support as possible to the troubled Japanese firm, the bank's chief executive said. The TVs-to-nuclear conglomerate is scrambling for cash to ... ( read original story ...)
Bank For International Settlements Warns Of Looming Debt Bubble
aka the central bank of central banks, noted on Friday that over the last 16 years, debts of governments, households and corporations has gone up…everywhere. In the U.S., debt is up 63%. The Eurozone, Japan, U.K., Canada and Australia average around 52%. ( read original story ...)
Japan-US: When will the Don start asking for protection money?
such as the Government Pension Investment Fund and the Japan Bank for International Cooperation. Many of the projects and figures come from pre-existing private sector initiatives, but these two government organisations have acted as Abe’s purse ... ( read original story ...)
German bank to sanction ₹2,500 crore for metro rail
After opting out of the proposal to approach the Japanese International Cooperation Agency (JICA) for loan, the State government is heavily banking on funding by the German and French development banks KfW and Agence Francaise de Development (AFD ... ( read original story ...)
Bank of Singapore officially opens its branch in DIFC
Kirit reports to Derrick Tan, Bank of Singapore’s Global Market Head for Malaysia, Brunei, Japan, Sub-Continent and Middle East. Under Kirit’s leadership, Bank of Singapore has registered stellar growth in the Middle East region - doubling its assets ... ( read original story ...)