Tag: banking

TOKYO -- Japan needs to lift the consumption tax rate to 15% and reform its health care and pension systems to restore fiscal health as the nation's aging population spurs more social security spending, an International Monetary Fund official told Nikkei. ( read original story ...)

Bank of Japan Governor Haruhiko Kuroda endorsed a Japanese government call for employers to raise wages by 3 percent a year -- far faster than the current pace -- to help the central bank meet its inflation target. “The government request for 3 percent ... ( read original story ...)

TOKYO (Reuters) - Japan’s Nikkei share average rose in volatile trade on Wednesday, helped by late short-covering following an earlier selloff and a broader recovery in regional sentiment as Chinese shares recovered from a rout in the previous session. ( read original story ...)

TOKYO (Reuters) - A lone Bank of Japan policymaker said additional easing was needed to accelerate inflation, but most members wanted to keep monetary policy unchanged, minutes from the central bank’s policy meeting in April showed on Wednesday. ( read original story ...)

RIZAL COMMERCIAL Banking Corp. (RCBC) is set to launch a remittance service in partnership with two Japanese banks using the blockchain technology for a cheaper and faster way of sending money. RCBC First Senior Vice-President Manny T. Narciso told ... ( read original story ...)

Kunio Tahara, a senior managing director at Japan Post Bank, and Taiichi Hoshino, a managing director, will take the helm of Japan Post Bank's ¥207.7 trillion ($1.89 trillion) investment portfolio, effective June 20, said Katsunori Sago, representative ... ( read original story ...)

TOKYO (Reuters) - Japan’s Nikkei share average was flat in choppy trade on Wednesday morning as firms that rely on China demand tumbled on trade war worries, with machine tool makers and shippers posting multi-month lows, which offset gains in defensive ... ( read original story ...)

The benchmark Topix index was off 0.5 per cent in Tokyo as industrials fell 0.4 per cent and financials dipped 0.9 per cent and energy stocks dropped 1.1 per cent. But the S&P/ASX 200 was up 0.6 per cent in Sydney, bolstered by a rise of 1.2 per cent by ... ( read original story ...

Mercari Inc. soared on its first day of trading on the Tokyo Stock Exchange, underscoring investor optimism in its prospects. Shares of the Japanese online marketplace traded at around 5,300 yen as of 11:25 a.m. in Tokyo on Tuesday, rallying from the 3,000 ... ( read original story ...)

TOKYO (Reuters) - Japanese stocks tumbled to 2-1/2-week lows on Tuesday and posted the biggest daily percentage drop in three months after Chinese stocks were sold sharply amid escalating global trade tussles. The Nikkei share average .N225 ended 1.8 ... ( read original story ...)

MGM has stressed its commitment to partnering with local communities. MGM CEO James Murren, who has been traveling to Japan every two months, told the Nikkei Asian Review in Tokyo at the end of May that he has been in contact with "hundreds of Japanese ... ( read original story ...)

TOKYO (Reuters) - Japanese stocks slid on Tuesday after U.S. President Donald Trump’s new threat to impose a 10 percent tariff on $200 billion of Chinese goods, escalating a tit-for-tat trade war with Beijing. The Nikkei share average fell 0.9 percent ... ( read original story ...)

TOKYO (Reuters) - A magnitude 6.1 earthquake in Osaka, Japan's second-biggest metropolis, killed four people, injured hundreds more and halted factory lines in an industrial area, government and company officials said on Tuesday. Authorities were assessing ... ( read original story ...)

The Bank of Japan should accept it is making no headway in its efforts to spur 2 percent inflation and start normalizing policy, according to Tokyo University professor Tsutomu Watanabe, a former BOJ official and long-time advocate of the price goal. ( read original story ...)

LONDON/TOKYO (Reuters) - Britain's Centrica and Japan's Tokyo Gas aim to buy liquefied natural gas (LNG) from Anadarko Petroleum's $20 billion (£15 billion) project in Mozambique, the first joint procurement deal designed to defuse risks facing the buyers ... ( read original story ...)

CALGARY — South Korea has joined Japan in suspending trade in Canadian wheat following the discovery of a small number of genetically modified plants in southern Alberta. It's standard protocol in both countries to temporarily close markets in such cases ... ( read original story ...)