The yen advanced to a 12-day high, as investors sought safe havens due to fresh political uncertainty in Europe Tokyo, May 30: Japan's Nikkei share average slipped on Tuesday, with the equity market feeling downward pressure from a stronger yen ... ( read original story ...)
Nikkei eases as nervous investors push yen higher
A stronger yen weighed on Japanese shares Tuesday, setting a cautious tone for trading in the Asia-Pacific region, though markets pared early declines by late morning. The Nikkei Stock Average NIK, +0.04% had been down as much as 0.6% after the yen ... ( read original story ...)
Japan’s draft growth strategy forgoes far-reaching reform
TOKYO -- Japan's new strategy to stoke growth in key industries includes case-by-case regulatory exemptions to spur innovation, but the government's piecemeal proposals lack the fundamental changes needed to re-energize the overall economy. Prime Minister ... ( read original story ...)
Japan Inc. steps up hunt for full-time workers
TOKYO -- Japanese companies are increasing hiring of full-time employees as they scramble to secure workers amid a labor shortage, raising hopes that the tight demand will translate to higher wages. Japan's seasonally adjusted ratio of job openings to ... ( read original story ...)
Nikkei flat as markets await U.S. data; TSE volume lowest since August
Trade was subdued with U.S. and other markets closed for national holidays. The Nikkei share average ended flat at 19,682.57, after moving into and out of positive territory. The broader Topix added 0.1 percent to 1,570.21 and the JPX-Nikkei Index 400 was ... ( read original story ...)
APAC Closing Prices: #ASX 5717.88 +0.19% #NIKKEI 19677.85 -0.02%
06:41a USD/JPY recovers in tandem with Nikkei, but still below 111.00 05:21a Japan's #Nikkei slips as yen gains on Italy's political uncertainties 04:44a CORRECTED-Japan's Nikkei slips as yen gains on Italy's political uncertaintie.. 04:23a TRADE SETUP ... ( read original story ...)
After London, Tokyo and New York: Toronto Joins the Race for Saudi Aramco IPO
Toronto Stock Exchange (TSX) continue with its efforts to win a part of the massive Saudi Aramco public listing with the country’s deep experience in natural resources as part of a broader offer to help Saudi Arabia with its shift away from oil dependence. ( read original story ...)
OECD says IPO underwriting fees ‘akin to tacit collusion’
It quoted data showing the median underwriting fee for IPOs in the United States is 7 percent of total proceeds from the IPO and has risen to 8 percent in Japan and China, doubling in the case of China within a couple of years. At the same time ... ( read original story ...)
Goldman-Backed Games Startup Aims for Vietnam’s First IPO Abroad
Minh did not disclose the timing or size of VNG’s IPO. Prime Minister Nguyen Xuan Phuc ... Its chat app Zalo has more than 70 million users in Vietnam and countries including Myanmar, Japan, South Korea, Malaysia and Taiwan. “It’s a very good ... ( read original story ...)
DBS, Nishi-Nippon City Bank collaborate to support Japanese SMEs
They will offer discounting of exports bills. Japanese bank Nishi-Nippon City Bank (NCB) recently signed a memorandum of understanding with DBS, Southeast Asia’s largest bank. This memorandum fosters the greater collaboration and support for Japanese ... ( read original story ...)
Japan’s April Jobless Rate at 2.8 Percent
May.29 -- Japan's jobless rate remained at the lowest in more than two decades last month, but household spending remained mired in a long slump. Bloomberg's Rosalind Chin reports on "Bloomberg Daybreak: Asia." ( read original story ...)
HRnetGroup readies for $175m IPO
It now operates in 10 Asian cities: Singapore, Kuala Lumpur, Bangkok, Hong Kong, Taipei, Guangzhou, Shanghai, Beijing, Tokyo and Seoul ... group has turned a profit every year except in 1998. IPO proceeds will be used for business expansion and potential ... ( read original story ...)
CORRECTED-Japan’s Nikkei slips as yen gains on Italy’s political uncertainties
TOKYO May 30 Japan's Nikkei share average slipped on Tuesday, with the equity market feeling downward pressure from a stronger yen, which hurts big manufacturers' export revenues. The Nikkei lost 0.5 percent to 19,487.71. The yen advanced to a 12-day high ... ( read original story ...)
Japan puts free early education, drug reform on wish list
TOKYO -- Free nursery school and kindergarten for families nationwide as well as tighter control of ballooning medical costs highlight Japan's newest strategies to achieve growth, The Nikkei learned Monday. The government's policy and reform draft ... ( read original story ...)
Japan’s Banks Could Benefit From Riskier Lending
That would help Japan’s banks unleash trapped regulatory capital, improving their Tier 1 capital ratios by an estimated net 0.8 percentage point. Previous bank strategies like ramping up overseas lending and buying assets with dollar deposits to fund ... ( read original story ...)
BOJ’s interest earnings fall for first time in 5 years
TOKYO The Bank of Japan saw interest payments on its huge government bond holdings decline for the first time in five years in the fiscal year that ended in March, a sign that its ultra-loose monetary policy was taking a toll on its financial health. ( read original story ...)