TOKYO—Japan’s central bank stepped in to tame a rise in government-bond yields on Friday, signaling its determination to stick to its current policy mix, even as the recent selloff in global bond markets intensifies. The Bank of Japan’s increased ... ( read original story ...)
MUFG leads Japan megabanks’ charge into SE Asia
With the January 2015 merger of BTMU's Bankgkok branch with Bank of Ayudhya, the Thai unit has come to handle all of MUFG's operations in Thailand, including lending to local Japanese-owned companies. The tie-up with Bank of Ayudhya has helped Japan's most ... ( read original story ...)
Dollar gains against yen as Bank of Japan boosts bond buying
The dollar was on track for weekly gains, though investors were unlikely to push the upside significantly as they braced for monthly U.S. employment data later in the global session, following some downbeat jobs figures overnight. The dollar extended gains ... ( read original story ...)
BANK OF JAPAN : Japan’s key bond yield falls after BOJ conducts emergency bond buying
The yield on the benchmark 10-year Japanese government bond ended lower Friday after the Bank of Japan carried out an emergency bond buying operation in an effort to curb long-term yields. The yield on the No. 347, 0.1 percent issue, the main yardstick of ... ( read original story ...)
Japan Shows Europe How to Dial Back Stimulus Without Spooking Investors
But one central bank has been quietly balancing this act since late last year, buying fewer bonds without spooking investors: the Bank of Japan. On Thursday, Germany’s... ( read original story ...)
Mizuho trials Australia-Japan trade transaction on blockchain
Mizuho Financial Group, Mizuho Bank, trading and investment firm Marubeni Corporation, and Sompo Japan Nipponkoa Insurance have completed a trade transaction between Australia and Japan using blockchain. The participants say all trade-related processes ... ( read original story ...)
REFILE-Nikkei recovers from 3-week low after BOJ boosts bond buying
TOKYO, July 7 Japan's Nikkei share average dropped to a three-week low on Friday morning after global shares tumbled, but investors wasted no time trimming losses after the Bank Of Japan raised its purchases of government bonds in its market operations. ( read original story ...)
Japan June services PMI rises to 53.3, highest since August 2015
TOKYO Activity in Japan's services sector accelerated from the previous month to expand at its fastest pace in almost two years, a private survey showed on Wednesday, in a sign that domestic consumption is in a healthy state. The Markit/Nikkei Japan ... ( read original story ...)
Japan 2016/17 corporate tax revenue down in blow to Abenomics
TOKYO Japan's corporate tax revenue fell to 10.3 trillion yen ($90 billion) for the last fiscal year, the lowest since fiscal 2012 when Prime Minister Shinzo Abe swept to power with a pledge to revive the moribund economy, the Ministry of Finance (MOF ... ( read original story ...)
Nikkei skids to near 3-week low as Korean tensions sap confidence
TOKYO, July 5 Japan's Nikkei share average slipped to its lowest level in nearly three weeks on Wednesday amid heightened tensions following North Korea's ballistic missile launch, while automakers managed to extend gains on encouraging sales. The Nikkei ... ( read original story ...)
Nikkei hit as N.Korea fires missile, reportedly prepares major announcement
The Nikkei dropped 0.1 per cent to 20,032.35 ... to digest," as stock markets in Asia turned lower on the escalating tensions. On the same day, Japan's Defence Ministry said that the intermediate-range ballistic missile launched by North Korea "greatly ... ( read original story ...)
-Japan reappoints FX tsar Asakawa, seeks consistency dealing with U.S.
TOKYO, July 4 (Reuters) - Japan's top currency diplomat has been appointed for another one-year term in a regular finance ministry reshuffle, underscoring a desire to maintain policy consistency as Tokyo faces potentially tough economic talks with the ... ( read original story ...)
Timeline of trading halts at stock exchanges and their customers
A software bug related to IPO auctions resulted in erroneous trades being processed ... dealing in Japanese index futures and individual stocks suddenly bombarded the Osaka bourse with thousands of sell orders for Nikkei 225 futures. The problem arose ... ( read original story ...)
Nikkei rises after yen weakens, but North Korea’s missile launch limits gains
TOKYO, July 4 Japan's Nikkei share average rose on Tuesday as upbeat U.S. data lifted the dollar against the yen, but geopolitical concerns soured sentiment after North Korea launched a missile. North Korea launched the ballistic missile from its western ... ( read original story ...)
Senior Finance Ministry official who defended government in Moritomo scandal given promotion
claimed that the Finance Ministry had already discarded key documents covering negotiations which led to an 86 percent discount for a parcel of government-owned land in Toyonaka, Osaka Prefecture, to Moritomo Gakuen in June 2016. Akie Abe, the wife of the ... ( read original story ...)
Japan to collect part of casino revenue to finance steps against gambling addiction
The government is considering collecting some of the revenue from casino operators mainly to finance measures to help prevent gambling addiction, sources said. The Diet enacted a law to legalize casinos in December amid ongoing public concerns over ... ( read original story ...)