TOKYO Japan's upper house of parliament approved on Wednesday the two government nominees for the Bank of Japan's policy board, paving the way for the nominations to sail through the lower chamber where the ruling coalition has a comfortable majority. ( read original story ...)
CEO of Bank of Tokyo-Mitsubishi UFJ to step down for health reasons: sources
TOKYO The head of the Bank of Tokyo-Mitsubishi UFJ (BTMU), the core business of Japan's biggest "megabank," has decided to step down for health reasons barely a year into the job, sources told Reuters on Tuesday. President and CEO Takashi Oyamada's ... ( read original story ...)
Shoko Chukin Bank raided over shady loans
Government officials Wednesday raided the offices of Shoko Chukin Bank, a state-linked lender for small and medium-sized firms, over improper loans issued under a state-backed program to help crisis-hit companies. The Financial Services Agency, the ... ( read original story ...)
Japan’s MUFG says head of its core banking unit will step down
TOKYO, May 24 (Reuters) - Mitsubishi UFJ Financial Group Inc on Wednesday said Takashi Oyamada, chief executive of core banking unit Bank of Tokyo-Mitsubishi UFJ (BTMU), would step down on June 14. Japan's largest lender by assets named BTMU ... ( read original story ...)
Japan manufacturers’ mood slips despite economy recovery: Poll
The Reuters' monthly poll - which tracks the Bank of Japan's key quarterly tankan - showed confidence at service-sector firms hit a four-month high, a tentative sign of a pickup in domestic demand. Confidence among Japanese manufacturers receded in May for ... ( read original story ...)
Paytm launches niche payments bank in India, offers 4% interest rate
The company, which has funding from China's Alibaba and Japan's SoftBank Corp, is third firm after Bharti Airtel and India Posts to have launched payments banks Paytm on Tuesday launched niche payments bank, offering 4% interest rate and cashbacks on ... ( read original story ...)
BOJ may need to coordinate new fiscal plan to lift inflation: Ex-Fed Bernanke
TOKYO Former Federal Reserve Chairman Ben Bernanke said on Wednesday the Bank of Japan may need to coordinate a new fiscal spending plan with the government, allowing for inflation to accelerate above its 2 percent target without worsening the debt burden. ( read original story ...)
Yokohama Introduces New Geolandar M/T G003 Tire
If you want a quiet ride, you give up off-road traction and capability. For its latest generation of Geolandar Mud-Terrain tire, Yokohama set the bar high, and based on our first impressions, exceeded the company’s goals, as well as our expectations with ... ( read original story ...)
Yokohama Rubber : “BluEarth” to Come Factory-Equipped on new Subaru XV
Tokyo-The Yokohama Rubber Co., Ltd., announced today that it has begun deliveries of its 'BluEarth E70' to Subaru Corporation for use as the original equipment tire on the automobile maker's all-new Subaru XV. The tire size is 225/60R17 99H. Subaru ... ( read original story ...)
Yokohama Tires Wants You To Get Trucked Up with Power Wagon Giveaway!
You just read the reviews for the awesome new Yokohama Geolandar M/T G003 tire, combining the best of on- and off-road performance in a revolutionary new mud-terrain tire that offers great off-road grip and performance while also delivering a civilized on ... ( read original story ...)
Japan Finance Minister vows to stick to FY2020-21 budget balancing goal
Japan must adhere to the government’s goal to achieve a balanced budget by the fiscal year ending in March 2021, Finance Minister Taro Aso said, in a resolve to push for fiscal consolidation to fix the country’s tattered finances. Aso made the pledge ... ( read original story ...)
Nikkei rises as weak yen helps exporters; financials up on U.S. yields
TOKYO, May 24 Japan's Nikkei share average rose on Wednesday morning helped by exporters after the dollar gained against the yen, while financials gained ground thanks to a rise in U.S. Treasury yields. The Nikkei rose 0.4 percent to 19,698.31 in ... ( read original story ...)
Japanese women are entering the male-dominated world of hunting — at the government’s request
In Japan, it was once considered taboo for a woman to speak with a man before he went on a hunt. But a rising number of female hunters are taking up arms, at their government's behest. Over the last decade, Japanese farmers have lost up to $170 million ... ( read original story ...)
Nikkei Said to Plan FT-Branded English-Learning Push in Japan
Two years after buying the Financial Times, Nikkei Inc. is using the salmon-colored broadsheet to break into the education business of its former owner, Pearson Plc, with a plan to market FT-branded English courses in Japan. The FT e-learning product ... ( read original story ...)
Tokyo firm staff are ‘feline’ great
Tokyo: Workaholic Japan is known for long office hours and stressed out employees, but one company claims to have a cure: Cats. A total of nine fluffy felines eat, sleep and walk freely in the small office of IT firm Ferray in Tokyo. Hidenobu Fukuda, who ... ( read original story ...)
Sony boss promises profitability but quiet on specifics
TOKYO -- Sony’s leader promised a comeback for the Japanese electronics and entertainment company having its best profitability in two decades. “We are a company that moves people,” said Chief Executive Kazuo Hirai, as he outlined the strategy for ... ( read original story ...)