It now operates in 10 Asian cities: Singapore, Kuala Lumpur, Bangkok, Hong Kong, Taipei, Guangzhou, Shanghai, Beijing, Tokyo and Seoul ... group has turned a profit every year except in 1998. IPO proceeds will be used for business expansion and potential ... ( read original story ...)
CORRECTED-Japan’s Nikkei slips as yen gains on Italy’s political uncertainties
TOKYO May 30 Japan's Nikkei share average slipped on Tuesday, with the equity market feeling downward pressure from a stronger yen, which hurts big manufacturers' export revenues. The Nikkei lost 0.5 percent to 19,487.71. The yen advanced to a 12-day high ... ( read original story ...)
Japan puts free early education, drug reform on wish list
TOKYO -- Free nursery school and kindergarten for families nationwide as well as tighter control of ballooning medical costs highlight Japan's newest strategies to achieve growth, The Nikkei learned Monday. The government's policy and reform draft ... ( read original story ...)
Japan’s Banks Could Benefit From Riskier Lending
That would help Japan’s banks unleash trapped regulatory capital, improving their Tier 1 capital ratios by an estimated net 0.8 percentage point. Previous bank strategies like ramping up overseas lending and buying assets with dollar deposits to fund ... ( read original story ...)
BOJ’s interest earnings fall for first time in 5 years
TOKYO The Bank of Japan saw interest payments on its huge government bond holdings decline for the first time in five years in the fiscal year that ended in March, a sign that its ultra-loose monetary policy was taking a toll on its financial health. ( read original story ...)
Italian bank worries leak into second week
European share prices were a touch lower [.EU], led by a half-percent fall in banking shares as worries over recapitalizations ... the broad MSCI index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dipping 0.2 percent. Japan's Nikkei .N225 edged ... ( read original story ...)
Japan’s Banks Could Benefit From Riskier Lending — Heard on the Street
That would help Japan's banks unleash trapped regulatory capital, improving their Tier 1 capital ratios by an estimated net 0.8 percentage point. Previous bank strategies like ramping up overseas lending and buying assets with dollar deposits to fund such ... ( read original story ...)
Can central bank stem NPA rot?
Ergo, CBs often get involved. The Bank of Japan (BoJ) recapitaliSing Japanese banks in the late 1990’s, US Fed acting as a lead arranger of rescue finance for LTCM in 1998 and the US Fed (2008) buyback of $1.5 trillion of distressed mortgage securities ... ( read original story ...)
Recruitment firm HRnetGroup going for $175m IPO on SGX
It now operates in 10 Asian cities, namely, Singapore, Kuala Lumpur, Bangkok, Hong Kong, Taipei, Guangzhou, Shanghai, Beijing, Tokyo and Seoul. In Singapore, the group has a market share of 20.5 per cent, according to Frost & Sullivan. ( read original story ...)
Duterte to cancel Japan visit
The president was scheduled to speak at the 23rd International Conference on the Future of Asia to be hosted by Nikkei Inc. in Tokyo on June 5 and 6. Negotiations had been underway to arrange a meeting with Japanese Prime Minister Shinzo Abe on the ... ( read original story ...)
Japanese public backs writing defense forces into constitution
TOKYO -- A thin majority of the Japanese electorate favors resolving the constitutionality issue surrounding the Self-Defense Forces by adding language recognizing them to the war-renouncing charter, a recent survey shows. The Nikkei Inc./TV Tokyo ... ( read original story ...)
Corporate Japan gears up for fifth year of record dividends
TOKYO -- Dividends from publicly traded Japanese companies are expected to hit a record for ... according to a tabulation by Nikkei Inc. This will represent an eighth straight year of growth. A quarter of enterprises that close their books in March are ... ( read original story ...)
Japan’s major delivery companies see $243m hike in labor costs
TOKYO -- Four of Japan's listed delivery companies, including the biggest, Yamato Holdings, expect to see their combined labor costs, including payments for outsourced deliveries, increase 27 billion yen ($243 million) during the current fiscal year. ( read original story ...)
Japan capex growth rebounds to post-crisis high
Corporate Japan cut capex by 3.8% during the previous fiscal year ended in March, a survey of business plans conducted by The Nikkei found. The U-turn in fiscal 2017 is driven by a 13.7% rise in domestic investment, the sharpest increase since the global ... ( read original story ...)
Japan Airlines to add flights to Australia, Hawaii
TOKYO -- Japan Airlines will launch additional flights serving Australia and Hawaii as early as September, revamping its international routes for the first time since undergoing bankruptcy reorganization in 2010. In addition to an existing route between ... ( read original story ...)
Japan committed to push infrastructure exports
TOKYO -- Japan's government is working to wrap up a revised strategy for promoting infrastructure exports. The focus is on comprehensive support for urban development projects -- from initial planning to regulatory development to fundraising. The ... ( read original story ...)