Mercari Inc. soared on its first day of trading on the Tokyo Stock Exchange, underscoring investor optimism in its prospects. Shares of the Japanese online marketplace traded at around 5,300 yen as of 11:25 a.m. in Tokyo on Tuesday, rallying from the 3,000 ... ( read original story ...)
Nikkei tumbles soured by selling in China market as trade war escalates
TOKYO (Reuters) - Japanese stocks tumbled to 2-1/2-week lows on Tuesday and posted the biggest daily percentage drop in three months after Chinese stocks were sold sharply amid escalating global trade tussles. The Nikkei share average .N225 ended 1.8 ... ( read original story ...)
World’s casino giants bet big on the golden Japanese market
MGM has stressed its commitment to partnering with local communities. MGM CEO James Murren, who has been traveling to Japan every two months, told the Nikkei Asian Review in Tokyo at the end of May that he has been in contact with "hundreds of Japanese ... ( read original story ...)
Nikkei falls after Trump threatens new tariffs against China
TOKYO (Reuters) - Japanese stocks slid on Tuesday after U.S. President Donald Trump’s new threat to impose a 10 percent tariff on $200 billion of Chinese goods, escalating a tit-for-tat trade war with Beijing. The Nikkei share average fell 0.9 percent ... ( read original story ...)
Magnitude 6.1 quake in Japan’s Osaka area kills four, halts factories
TOKYO (Reuters) - A magnitude 6.1 earthquake in Osaka, Japan's second-biggest metropolis, killed four people, injured hundreds more and halted factory lines in an industrial area, government and company officials said on Tuesday. Authorities were assessing ... ( read original story ...)
Japan’s Central Bank Should Face Up to Zero-Price Growth, Ex-Official Says
The Bank of Japan should accept it is making no headway in its efforts to spur 2 percent inflation and start normalizing policy, according to Tokyo University professor Tsutomu Watanabe, a former BOJ official and long-time advocate of the price goal. ( read original story ...)
Centrica, Tokyo Gas break mould in Mozambique LNG deal
LONDON/TOKYO (Reuters) - Britain's Centrica and Japan's Tokyo Gas aim to buy liquefied natural gas (LNG) from Anadarko Petroleum's $20 billion (£15 billion) project in Mozambique, the first joint procurement deal designed to defuse risks facing the buyers ... ( read original story ...)
South Korea joins Japan in halting Canadian wheat imports after GMO plants found
CALGARY — South Korea has joined Japan in suspending trade in Canadian wheat following the discovery of a small number of genetically modified plants in southern Alberta. It's standard protocol in both countries to temporarily close markets in such cases ... ( read original story ...)
Nikkei drops as trade tensions escalate, Osaka quake hits utility stocks
TOKYO (Reuters) - Japanese stocks fell on Monday morning as an escalating ... Osaka Gas (9532.T) stumbled 3.4 percent. The Nikkei share average .N225 dropped 1.0 percent to 22,635.60 in midmorning trade, after falling to as low as 22,626.07, the lowest ... ( read original story ...)
Japan’s central bank says ‘Amazon effect’ has pulled down inflation
The spread of online shopping in Japan is dragging down consumer inflation, the central bank said, highlighting the “Amazon effect” on prices and the challenges policy makers face as they try to pull the world’s third-biggest economy out of years of ... ( read original story ...)
Japanese banks open to extending yen credit to Malaysia
PUTRAJAYA: Several Japanese banking institutions are receptive towards extending yen credit in the form of soft loans to Malaysia, said Japanese ambassador to Malaysia Dr Makio Miyagawa. He said the Japanese prime minister sent a “clear-cut” message ... ( read original story ...)
Behind flashy IPO of Japan’s Mercari lies a thriving thrift economy
TOKYO (Reuters) - When flea market app Mercari (:4385.T) makes its market debut on Tuesday, it will mark the appearance of one of Japan's rarest beasts: a tech unicorn. In most countries, a billion-dollar IPO might suggest the return of an equity boom. ( read original story ...)
North Korea talks deepen Japan’s dilemma
Japan was clearly marginalized in the run-up to and during the June 12 summit between the U.S. and North Korean leaders in Singapore. The dynamics suggest that Tokyo will not play any significant role in the follow-up negotiations. There is no way to ... ( read original story ...)
Magnitude 6.1 quake in Japan’s Osaka area kills three, stops factories
TOKYO (Reuters) - A magnitude 6.1 earthquake shook Osaka, Japan's second-biggest metropolis, early on Monday morning, killing three people, halting factory lines in a key industrial area and bursting water mains, government officials and broadcaster NHK said. ( read original story ...)
Osaka earthquake causes damage and widespread disruption
The Japanese city of Osaka has been struck by a magnitude 6.1 earthquake causing fatalities, damage and widespread disruption to transport. There were three reported deaths according to broadcaster NHK, including a nine year-old girl who was killed by a ... ( read original story ...)
Bank of Japan has an even gloomier view of inflation
Tokyo — The Bank of Japan (BoJ) downgraded its view on inflation on Friday, in a fresh blow to its long-held 2% price goal, giving the central bank barely any room to manoeuvre as it tries to map a path to roll back its crisis-era stimulus. As widely ... ( read original story ...)