TOKYO (Reuters) - Japan’s core consumer inflation held steady in May from the previous month, yet again highlighting the challenge facing the central bank as over five years of massive stimulus has failed to push prices close to its 2 percent goal. ( read original story ...)
Japan watchdog orders improvements at cryptocurrency exchanges
TOKYO (Reuters) - Japan’s financial regulator said on Friday it has ordered cryptocurrency exchanges including bitFlyer, Inc., one of the country’s biggest, to make improvements to lax measures on money laundering. The Financial Services Agency (FSA ... ( read original story ...)
Nikkei falls on trade war worries; automakers underperform
TOKYO (Reuters) - Japan’s Nikkei share average dropped on Friday morning after Germany’s Daimler cut its profit forecasts citing tariff concerns and some U.S. data came in below expectations, hurting cyclical stocks. The auto sector .ITEQP.T was under ... ( read original story ...)
Nikkei slips as trade war fears dent automakers
TOKYO (Reuters) - Japan’s Nikkei share average dropped on Friday as shares of automakers fell after Germany’s Daimler cut its profit forecast citing tariff concerns, while weak U.S. economic data dampened investor sentiment. The Philadelphia Federal ... ( read original story ...)
Abe can turn Japan into ‘unicorn’ central
What the World Can Learn from Japan's Lost Decades." He was given the 2018 prize for excellence in opinion writing by the Society of Publishers in Asia, for his work for the Nikkei Asian Review. ( read original story ...)
A Japanese initiative for West Bank’s economic activity
In the latest episode of Global Japan, we bring you to Jericho in the West Bank to discover a unique Japanese initiative: the Jericho agro-industrial park, which meets international standards. The aim: to boost the region’s economic activity. ( read original story ...)
Japan’s P2P Flea Market Mercari Makes IPO Debut At $7.4B
The IPO, the biggest in Japan this year, raised $1.2 billion through the sale of around a third of Mercari’s shares, with the majority bought by overseas investors. The listing makes Mercari the most valuable firm on the Tokyo bourse’s Mothers market ... ( read original story ...)
Nikkei ends up as trade war jitters ease, tech shares rally
TOKYO (Reuters) - Japan’s Nikkei share average rose on Thursday as concerns over China-U.S. trade issues that hit markets early this week appeared to recede, while technology stocks rallied on the back of Nasdaq’s strong performance. The market was ... ( read original story ...)
Slow crisis stalks Japan’s overstuffed banking industry
The history of the ATM includes a footnote in Asia: a Japanese company supposedly developed the first cash machine in the mid-1960s. Japan’s record of remarkable innovation is not apparent, however, when you enter its high street banks. Most have hardly ... ( read original story ...)
Bank of Japan’s Funo calls for strong easing to hit two percent inflation as prices weak
SENDAI, Japan (Reuters) - Bank of Japan board member Yukitoshi Funo said on Thursday that the central bank needs to patiently continue its strong monetary easing under the current policy framework, underscoring the BOJ’s resolve to hit its 2 percent ... ( read original story ...)
Nikkei rises as trade jitters ease, banks weakened by low rates and bad debt
TOKYO (Reuters) - Japan’s Nikkei share average rose on Thursday morning as investor jitters over trade issues that hit markets early this week appeared to recede, while technology stocks rallied on the Nasdaq strong performance overnight. The Nikkei ... ( read original story ...)
Japan: Nikkei closes higher on bottom fishing
Japan share market finished higher in volatile trade on Wednesday, 20 June 2018, paring some of their plunge a day earlier, as investors chased for bottom fishing and a broader recovery in regional sentiment. However, market gain was limited as investors ... ( read original story ...)
Japan’s consumption tax should be raised to 15%: IMF official
TOKYO -- Japan needs to lift the consumption tax rate to 15% and reform its health care and pension systems to restore fiscal health as the nation's aging population spurs more social security spending, an International Monetary Fund official told Nikkei. ( read original story ...)
Bank of Japan’s Kuroda Says 3% Wage Gains Needed for Price Goal
Bank of Japan Governor Haruhiko Kuroda endorsed a Japanese government call for employers to raise wages by 3 percent a year -- far faster than the current pace -- to help the central bank meet its inflation target. “The government request for 3 percent ... ( read original story ...)
Nikkei rises in volatile trade helped by China stock gains
TOKYO (Reuters) - Japan’s Nikkei share average rose in volatile trade on Wednesday, helped by late short-covering following an earlier selloff and a broader recovery in regional sentiment as Chinese shares recovered from a rout in the previous session. ( read original story ...)
BOJ minutes: One member says more easing needed but central bank seen on hold
TOKYO (Reuters) - A lone Bank of Japan policymaker said additional easing was needed to accelerate inflation, but most members wanted to keep monetary policy unchanged, minutes from the central bank’s policy meeting in April showed on Wednesday. ( read original story ...)