TOKYO (Reuters) - Flea market app operator Mercari Inc (4385.T) priced its initial public offering (IPO) at the top of an indicative range on Monday, in Japan’s biggest IPO so far this year that is raising up to 130.7 billion yen (0.89 billion pounds). ( read original story ...)
Japan’s Mercari prices IPO at top of range that will raise $1.2 billion
TOKYO (Reuters) - Flea market app operator Mercari Inc (4385.T) priced its initial public offering (IPO) at the top of an indicative range on Monday, a regulatory filing showed, in Japan’s biggest IPO so far this year that is raising 130.7 billion yen ($ ... ( read original story ...)
Japan’s Airbnb refugees are desperate for alternatives
TOKYO -- Some tourists on their way to Japan have begun looking for alternative lodgings now that their Airbnb bookings have been canceled. Last week, the home-sharing pioneer pulled the listings of its Japan hosts who have yet to complete a registration ... ( read original story ...)
Profits and pitfalls — taking over a Japanese company
Starting around 2000, many Japanese companies have adopted meritocracy-based promotion over traditional seniority-based. Combined, it means that life time employment increasingly loses its allure for workers. In fact, a recent Nikkei survey finds that a ... ( read original story ...)
Nikkei rises but gains limited before U.S.: North Korea summit
Japanese stocks rose on Monday but gains were limited as investors focused on the U.S.-North Korea summit, while Tokyo Electric soared as the outcome of a local election was seen to be positive for one of the utility’s nuclear power plants. The Nikkei ... ( read original story ...)
Foxconn leverages Xi’s hopes to raise $4.2bn
TAIPEI/SHANGHAI/OSAKA -- Taiwan's Hon Hai Precision Industry ... The company plans to put some IPO funds toward addressing the cost issue by mechanizing production lines, including by applying artificial intelligence. Investors include Chinese e-commerce ... ( read original story ...)
European banks are flirting with each other again. Here’s why
where there are 170,000 people per bank, and in Japan, where the number of citizens per bank rises to nearly 900,000. "You do have a very divided market across the continent of Europe," Barclays CEO Jes Staley said this week during an interview on CNBC. ( read original story ...)
Days are numbered for ATMs in Japan’s banking system
On May 2, Shinsei Bank announced that starting from October it will impose fees for automatic teller machine (ATM) transactions. Shinsei’s main sales point has always been its lack of ATM fees, but the bank will start charging ¥108 per ATM withdrawal ... ( read original story ...)
Nikkei drops for the first time in five days; market awaits Fed, ECB
TOKYO (Reuters) - Japan’s Nikkei share average snapped a four-day winning streak in choppy trade on Friday morning, with many investors on the sidelines as they await major economic events. Large-cap stocks such as SoftBank and Fanuc underperformed. ( read original story ...)
Japan Banks Fixated on Archaic Trading, 35-Year Veteran Says
“You buy when you think it is timely and sell to lock-in capital gains.” The Bank of Japan’s negative interest-rate policy is pressuring domestic lenders to take too much risk, Takahide Kiuchi, a former BOJ board member, said in an interview last mont ( read original story ...)
JGBs hug tight ranges ahead of central bank, G7 meetings
Most market players expect the Bank of Japan to stay with its ultra-loose monetary policy stance in the near future even as the world’s other major central banks gradually shift towards tightening. Still, many investors are looking to whether that ... ( read original story ...)
Japanese Market Modestly Lower
In the banking sector, Mitsubishi UFJ Financial is down 0.2 percent and Sumitomo Mitsui Financial is lower by almost 1 percent. Among oil stocks, Inpex is rising 0.7 percent and Japan Petroleum Exploration is down 0.3 percent despite crude oil prices ... ( read original story ...)
Japan Overall Bank Lending Rises 2.0% In May
TOKYO (Alliance News) - Overall bank lending in Japan was up 2.0% on year in May, the Bank of Japan said on Friday - coming in at 523.137 trillion yen. That was shy of estimates for 2.1%, which would have been unchanged from the April reading. Excluding ... ( read original story ...)
USD/JPY – Japanese Yen Steady Despite Soft Consumer Report
On Thursday, the U.S releases unemployment claims and Japan publishes current account and Final GDP. The Bank of Japan has steadfastly held that it will not exit its massive stimulus until inflation reaches the bank’s target of around 2 percent. ( read original story ...)
Japan Q1 GDP Unrevised, -0.2% On Quarter
The Bank of Japan said that overall bank lending in Japan was up 2.0 percent on year in May, coming in at 523.137 trillion yen. That was shy of estimates for 2.1 percent, which would have been unchanged from the April reading. Excluding trusts, bank ... ( read original story ...)
Anime Is Dominating Japan’s Entertainment Exports
The medium has become a popular one around the globe, and it looks like Japan is making serious bank off that popularity. Thanks to a new report, fans learned the majority of Japanese TV exports circle back to anime. As reported by Anime News Network ... ( read original story ...)