The banking arm of the Mitsubishi UFJ Financial Group’s (MUFG), the Bank of Tokyo-Mitsubishi UFJ, is reportedly planning to trial its in-house cryptocurrency in 2019 following years of development. As Japan’s largest bank, MUFG could become the world ... ( read original story ...)
Japan Post Bank picks up stocks as yen risks seen subdued: CIO
TOKYO (Reuters) - Japan Post Bank has been buying local stocks since February’s major correction in global share prices, its chief investment officer said on Tuesday, as the risk of a spike in the yen, which would hurt stock valuations, is seen as limited. ( read original story ...)
Bank of Japan signals rethink on buying ETFs
"The BOJ could have started stealth tapering. Or it could be just slowing down the pace after it bought too much in February and March," said Shingo Ide, a strategist at NLI Research Institute. Noriko Hayashi The question of when the Bank of Japan should ... ( read original story ...)
Japan Post Bank buying Japanese stocks since market correction in Feb
TOKYO, May 22 (Reuters) - Japan Post Bank has been buying Japanese stocks since a major correction in global share prices in February, starting “in-house” active management, Katsunori Sago, the bank’s chief investment officer said on Tuesday. ( read original story ...)
Japan’s Largest Bank and Cloud Delivery Giant Akamai Announce Blockchain Payment Network
The Mitsubishi UFJ Financial Group (MUFG) has partnered with major U.S.-based cloud delivery platform Akamai Technologies to release a global payment network based on blockchain, Cointelegraph Japan reports today, May 21. Akamai, a Massachusetts-based firm ... ( read original story ...)
Bank of Japan wins approval for dropping its inflation target time frame
TOKYO (Reuters) - The Bank of Japan on Monday won approval from influential members of the government's leading advisory panel for its decision to abandon the time frame it had set for meeting its inflation target. Prime Minister Shinzo Abe also expressed ... ( read original story ...)
Banks in Japan aim to hold on to savings of dead clients
a manager at Mie Bank in western Japan. It plans to start selling such trusts in July in partnership with Mizuho Financial Group Inc., the nation’s third-largest banking group. Banks began offering such trusts about a decade ago, and more than 150,000 ... ( read original story ...)
Bank of Japan : Accounts (May 20)
Pecuniary trusts (index-linked exchange-traded funds held as trust property) 5 19,657,773,241 Pecuniary trusts (Japan real estate investment trusts held as trust property) 6 473,442,530 ( read original story ...)
Uber pulls up in Japan with taxi-hailing service
Earlier this year, Uber CEO Dara Khosrowshahi told investors that Uber must change the way it does business in Japan, adding that it would focus on partnerships with taxi companies. Amid the global rise of ride-hailing services and other next-generation ... ( read original story ...)
Japan Airlines to enter agricultural business with farms aimed at tourists
NARITA, CHIBA PREF. – Japan Airlines Corp. says it will launch an agricultural business. The airline plans to run farms offering experience-based programs near Narita International Airport in Chiba Prefecture and sell agricultural products under the JAL ... ( read original story ...)
TOKYO | Sony invests in image sensors, acquires more of EMI Music
TOKYO — Electronics and entertainment company Sony Corp. said Tuesday it plans to invest 1 trillion yen ($9 billion) mostly in image sensors over the next three years, under a revamped strategy to strengthen both hardware and creative content. Sony also ... ( read original story ...)
Castle restoration plan with no elevators causing controversy
Nagoya Castle is known for the golden statues of the imaginary half-tiger, half-fish creature adorning the roof of the tenshu. (Shutterstock/File) A plan to restore an iconic castle in a central Japan city to attract more tourists has faced criticism as ... ( read original story ...)
Yokohama Tire Introduces a New Extreme Off-Road Tire
Yokohama Tire has revealed its aggressive, all-new Geolandar X-MT off-road tire. Set to go on sale in the U.S. starting July 1, the Geolandar X-MT will initially offer 10 sizes, from 17- to 20-inch rim diameters with outside diameters up to 40 inches. The ... ( read original story ...)
Japan-U.S. trade surplus edges up in April
Japan’s politically sensitive trade surplus with the U.S. edged up in April, government data showed Monday, after Tokyo warned it may take retaliatory measures against U.S. tariffs. Japan logged a surplus in April of ¥615.7 billion ($5.6 billion) with ... ( read original story ...)
Japanese climber, who lost 9 fingers trying to climb Mount Everest, dies on 8th attempt
A Japanese mountain climber, who lost all but one of his fingertips to frostbite in a previous expedition, died during an eighth attempt to scale Mount Everest, according to local officials. Nobukazu Kuriki’s body was found on the mountain Monday and was ... ( read original story ...)
Japan Inc. Mostly Misses on Profit, But Analysts See Hope Ahead
A falling yen, of course, is seen as good news for the Japan’s legion of exporters, as it inflates the value of their overseas profits when repatriated. Allum and others point out that Japanese firms are notoriously cautious when it comes to projecting ... ( read original story ...)