The Nikkei share average was up 0.5 percent at 20,048.62 at the end of morning trade. Japan's construction equipment makers attracted buying, with Komatsu Ltd surging 2.8 percent and Hitachi Construction Machinery Co soaring 3.4 percent after Caterpillar ... ( read original story ...)
Dollar holds firm above ¥111.50 in Tokyo
The dollar held firm above ¥111.50 in late Tokyo trading Wednesday, though it cut gains amid a wait-and-see mood ahead of a policy decision by the U.S. Federal Reserve. At 5 p.m., the dollar stood at ¥111.83-84, up from ¥111.19-20 at the same time on ... ( read original story ...)
Caesar OpCo bankruptcy exit nears on group rejig: CEO
In May, Mr Tight told us at an investment conference in Tokyo that Caesars’ access to cash for pursuit ... economic downturn in its core U.S. market following the global financial crisis of 2007 to 2008. In June, CEOC said it was seeking to raise US$ ... ( read original story ...)
One year after IPO, Japanese chat app Line reports drop in user numbers
TOKYO (Reuters) - Japan's Line Corp said its number of monthly active users fell from the previous quarter, its first such decline, underscoring the messaging app operator's struggles to grow outside its home country since last year's high-profile IPO. ( read original story ...)
Why not give the BOJ’s governor a promotion?
At the Ministry of Finance, where Kuroda served in the 1990s and early 2000s ... BOJ is keep things on autopilot as a more intellectually curious man restructures Japan Inc. Sound crazy? Let’s review Japan’s last 20 years, starting with Kuroda ... ( read original story ...)
Why Japan’s Softbank may want to take a big stake in Uber
Alexis Christoforous and Andy Serwer of Yahoo Finance discuss a report in the Wall Street Journal that Japanese tech giant Softbank wants to invest in Uber while it also invests in Uber rivals in Asia. ( read original story ...)
Ministry of Finance of State of Japan : Newsletter(July 2017)
Basic Policies for Economic and Fiscal Management and Reform 2017 "Basic Policies for Economic and Fiscal Management and Reform 2017" was decided by the Cabinet on June 9, 2017. Its major aim is to improve productivity through investment in human resources. ( read original story ...)
Ministry of Finance of State of Japan : Tax Convention with Latvia was Signed
1. On July 13(Thu), the Government of Japan and the Government of the Republic of Lithuania signed the Convention between Japan and the Republic of Lithuania for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax ... ( read original story ...)
Abe is stumbling but no challenger exists
It is believed that since freedom and norms are being established in Japan, people here consider clean ... as well as the cover-up and destruction of information by the Finance Ministry and other members of the bureaucracy, have led to public distrust ... ( read original story ...)
Japan expands trade insurance with eye on infrastructure exports
When Japan exports infrastructure to emerging nations ... But when premiums become too costly for the borrower, banks lend more money to finance the fees. Currently, insurance does not cover financing for premiums, but NEXI's new framework does. ( read original story ...)
Tokyo assures Dar of continued financial support
THE embassy of Japan has assured Tanzania of its continued support on development projects in the Iringa region and other areas in its quest to support the Fifth Phase Government led by President John Magufuli. ( read original story ...)
Tokyo 2020 : Japan marks three years to Olympics as issues linger
Tokyo organisers have since slashed costs to around $13 billion but have otherwise largely failed to inspire confidence since the city beat Madrid and Istanbul in its bid to host the Games for a second time. Progress on the financial front comes after a ... ( read original story ...)
Bank of Japan newcomers back 2% price goal
The two new members of the Bank of Japan’s policy board said on Tuesday that the central bank should continue efforts to achieve its 2 per cent inflation goal and it was premature to debate an exit from its massive monetary stimulus. Goushi Kataoka, a 44 ... ( read original story ...)
Japan’s Mizuho chooses Frankfurt for post-Brexit EU hub
TOKYO, July 25 (Reuters) - Japan's Mizuho Financial Group said it would set up a subsidiary in Frankfurt, the latest Japanese bank to choose the German city as its new base in the European Union as Britain prepares to leave the bloc, termed Brexit. ( read original story ...)
For Japan’s Abe, future of eponymous policy hinges on wage growth
Failure on that front has left the Bank of Japan shouldering the burden with unprecedented stimulus and still years away from meeting its 2-per-cent inflation target. “Abe needs to focus on economic policy to win support back,“ said Akihiko Noda ... ( read original story ...)
Japan regulator warns small banks they must change in order to survive
Japan’s more than 100 regional banks are struggling as lending opportunities wane with the shrinking of their local populations – pain that has been exacerbated by a squeeze on lending margins from the Bank of Japan’s negative interest-rate policy. ( read original story ...)