where there are 170,000 people per bank, and in Japan, where the number of citizens per bank rises to nearly 900,000. "You do have a very divided market across the continent of Europe," Barclays CEO Jes Staley said this week during an interview on CNBC. ( read original story ...)
Days are numbered for ATMs in Japan’s banking system
On May 2, Shinsei Bank announced that starting from October it will impose fees for automatic teller machine (ATM) transactions. Shinsei’s main sales point has always been its lack of ATM fees, but the bank will start charging ¥108 per ATM withdrawal ... ( read original story ...)
Nikkei drops for the first time in five days; market awaits Fed, ECB
TOKYO (Reuters) - Japan’s Nikkei share average snapped a four-day winning streak in choppy trade on Friday morning, with many investors on the sidelines as they await major economic events. Large-cap stocks such as SoftBank and Fanuc underperformed. ( read original story ...)
Japan Banks Fixated on Archaic Trading, 35-Year Veteran 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 ...)
JGBs hug tight ranges ahead of central bank, G7 meetings
Most market players expect the Bank of Japan to stay with its ultra-loose monetary policy stance in the near future even as the world’s other major central banks gradually shift towards tightening. Still, many investors are looking to whether that ... ( read original story ...)
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 ...)
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 ...)