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 ...)
Asian shares fall ahead of G7 summit, central bank meetings
TOKYO — Asian shares were moderately lower Friday, as investors awaited the Group of Seven leaders’ meeting, continuing into the weekend, and for European Central Bank and Federal Reserve meetings next week. KEEPING SCORE: Japan’s benchmark Nikkei ... ( read original story ...)
Japan’s Lenders Need to Be More Nimble Investors, Ex-Banker 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 ...)
Bank of Japan to consider cutting inflation forecasts
TOKYO -- The Bank of Japan will look into why inflation remains weak at its policy-setting meetings in June and July, and could downgrade its price forecasts for fiscal 2018 and later. At a two-day meeting starting June 14, the central bank is expected to ... ( read original story ...)
Nikkei rises to more than 2-week high; non-ferrous metal stocks rally
TOKYO, June 7 (Reuters) - Japan’s Nikkei share average rose to more than two-week highs on Thursday morning to stay above a key technical level as it tracked Wall Street gains overnight, while non-ferrous metal stocks staged a rally after copper prices ... ( read original story ...)
Japan: Nikkei interviews Theodore Essex – ITC puts weight on the actual situation of patentees
Last month, Nikkei interviewed Senior Counsel Theodore (Ted) Essex on the importance of The United States International Trade Commission (“ITC”) for Japanese companies. Ted first provided an overview of the function of this quasi-judicial federal ... ( read original story ...)
Japan’s nuclear export strategy stumbles on ballooning costs
TOKYO -- Britain's move to finance much of a Hitachi nuclear power plant underscores how such projects have grown too costly for the private sector to bear alone, raising further questions about a key component of Japan's ambitious plans to export ... ( read original story ...)
Crypto Startup Coinbase Names CEO for Japanese Subsidiary
Coinbase first announced in 2016 that it would open services in Japan, following an investment of $10.5 million from a group that included Bank of Tokyo Mitsubishi UFJ and Mitsubishi UFJ Capital. "As in other markets, we plan to take a deliberate approach ... ( read original story ...)
Inquest sought in Osaka into decision not to indict Finance Ministry officials over document tampering
OSAKA – A group of citizens filed a petition with a prosecution inquest panel in Osaka on Tuesday to review prosecutors’ decision not to indict former and current Finance Ministry officials involved in the manipulation of official documents related to ... ( read original story ...)
Nikkei’s rebound runs into resistance at 25-day average, start-ups fall
TOKYO, June 5 (Reuters) - A recovery in Japanese shares ran out of steam on Tuesday as the Nikkei average faced stiff resistance at its 25-day average, but sentiment was underpinned by stellar U.S. jobs data last week and a weakening yen. The Nikkei share ... ( read original story ...)
Finance ministry set to punish 20 officials over tampering of Moritomo sale docs
OSAKA -- The Ministry of Finance is poised to punish 20 officials over the altering of documents relating to the heavily discounted sale of state land in Osaka Prefecture to nationalist school operator Moritomo Gakuen, with a report on the case expected on ... ( read original story ...)
Japanese unicorn runs astray ahead of IPO
Bookbuilding for the IPO is scheduled to end on June 8. The company is due to list its shares on the Tokyo Stock Exchange’s Mothers market on June 19. Morgan Stanley and Daiwa Securities are underwriting the offering. ( read original story ...)