TOKYO/SYDNEY In February 2015, bankers working on Japan's biggest IPO in three decades woke to news that left them shaken. Their client had just closed a multi-billion dollar deal - but had kept them firmly out of the loop. Just months ahead of its listing ... ( read original story ...)
BOJ's Kuroda welcomes expansion of China-led infrastructure bank
YOKOHAMA, Japan Bank of Japan Governor Haruhiko Kuroda welcomed the expansion of China-led Asian Infrastructure Investment Bank as positive for the regional economy and urged multinational lenders to cooperate in meeting fast-growing infrastructure needs ... ( read original story ...)
Japan finance minister warns against yen instability on North Korea
LOS ANGELES Japanese Finance Minister Taro Aso said the yen is vulnerable to rising political tensions over North Korea's missile program and development of nuclear weapons, and warned against extreme instability in the currency. "We should always think ... ( read original story ...)
Nikkei climbs to 6-week high on earnings optimism
TOKYO May 2 Japan's Nikkei share average rose to six-week highs on Tuesday in a holiday-shortened week, getting a lift from robust earnings and gains on Wall Street. The Nikkei was up 0.6 percent in morning trade at 19,434.01. Wall Street climbed on Monday ... ( read original story ...)
Nikkei gains on strong data; Markets in Europe closed
S&P 500 futures were also up 0.1 percent to 2,383.60. Japan's benchmark Nikkei 225 gained 0.6 percent to finish at 19,310.52. Australia's S&P/ASX 200 was up 0.6 percent to 5,956.50. JAPAN MANUFACTURING: The Nikkei purchasing managers index survey of ... ( read original story ...)
Japanese banking consortium continues push into fintech, turns to blockchain
Central Bank Digital Currency Brings Wider Access: Bank of Japan https://t.co/rWw2sfambN #fintech pic.twitter.com/NRKWjZ6vcL Blockchain technologies will allow these banks to develop more convenient and low-cost processes for wiring money to a society ... ( read original story ...)
DIARY-Top Economic Events to June 23
TUESDAY, MAY 2 ** BERLIN - German Finance Minister Wolfgang Schaueble speaks at the B20 summit – 1215 GMT. TOKYO - Bank of Japan will release the minutes of its March monetary policy meeting. YOKOHAMA, Japan – Bank of Japan Governor Haruhiko Kuroda ... ( read original story ...)
Japan government picks banker, reflationist economist for BOJ board
TOKYO Japan's government nominated a reflation-minded economist and an executive from a megabank which has been critical of radical monetary easing to join the central bank's nine-member board, in a choice seen as maintaining the status quo on monetary policy. ( read original story ...)
Central Pacific Bank looks to grow Japanese customer base through new partnership
The partnership will be a working relationship between CPB and TSUBASA, where each entity will refer customers looking to open bank accounts in Hawaii and Japan. Filled with “must read” stories, industry news and reporter insights, exclusive interviews ... ( read original story ...)
Bank of Japan to buy less of short-maturity bonds in May amid tight supply
Men walk towards the Bank of Japan building in Tokyo. The BoJ will reduce its purchases of shorter-maturity government bonds further in May as supply of the securities continues to be scarce. The Bank of Japan (BoJ) will reduce its purchases of shorter ... ( read original story ...)
Mizuho 2nd Japanese bank to sign Islamic credit deal with ICD
KUALA LUMPUR (Kyodo) -- Mizuho Bank has become the second Japanese commercial bank to sign a "murabaha" credit facility agreement with Islamic Corporation for the Development of the Private Sector, an arm of the multinational Islamic Development Bank group ... ( read original story ...)
Japan, China to hold bilateral finance dialogue in May: Aso
TOKYO Japan and China will hold a bilateral finance dialogue on May 6 on the sidelines of the annual gathering of the Asian Development Bank in Yokohama, south of Tokyo, Japanese Finance Minister Taro Aso said on Friday. The dialogue will be attended by ... ( read original story ...)
Japan's premier will 'continue to trust British economy after Brexit'
we would like to continue with the expectation of opinions with the UK concerning how Japan and UK economic relations should be." Shares in Royal Bank of Scotland soared on Friday after the embattled lender booked its first quarterly profit since 2015 in ... ( read original story ...)
Japan government fund, bank mull bid with Broadcom for Toshiba chip unit: media
TOKYO A Japanese government-backed fund and policy bank are considering a joint bid with Broadcom Ltd (AVGO.O) for Toshiba Corp's (6502.T) semiconductor business, a move that would vault the U.S. chipmaker into the lead to buy the prized unit, the Asahi ... ( read original story ...)
Japan economy likely to grow at pace: BOJ
TOKYO: Japan’s economy is expected to continue growing at a pace well above its potential, Bank of Japan Governor Haruhiko Kuroda said. Kuroda made the comments at a press conference after the central bank upgraded its assessment of the country’s ... ( read original story ...)
Japanese Yen: Disappointing Data Add to Downside Pressure
As predicted here a week ago, the Japanese Yen declined last week and there's little sign yet that the trend is about to change. According to the Bank of Japan, the outlook for the economy is improving and inflation is picking up, but there was no ... ( read original story ...)