Japanese Market Modestly Lower

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 ...)

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 ...)

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 ...)

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 ...)