TOKYO, April 26 (Reuters) - Japan’s Nikkei share average rose on Thursday, buoyed by tech shares, with index heavyweight Tokyo Electron jumping after it forecast strong profits for this fiscal year. The Nikkei ended 0.5 percent higher at 22,319.61 points. ( read original story ...)
Japan’s Biggest Bank Draws Scrutiny for Switching to Trump Regulator
Japan’s biggest bank has been accused by New York officials of dodging tough oversight by swapping its state license for a federal one, putting itself under a U.S. agency on the front lines of President Donald Trump’s push to ease financial rules. ( read original story ...)
Bank of Japan to keep policy unchanged but new deputy could amplify board differences
TOKYO (Reuters) - Japan’s central bank is not expected to change settings at its policy review this week, but the debut of a dovish new deputy could widen a rift between advocates of continued stimulus and those wary of the rising costs of prolonged easing. ( read original story ...)
Bank Of Japan Preview: Steady as She Goes
We expect the Bank of Japan to maintain its ‘QQE with yield curve control’ policy unchanged at the next monetary policy meeting ending on Friday 27 April. We do not expect new super dovish deputy Wakatabe to team up with Kataoka in the dissenting camp ... ( read original story ...)
Japan stocks outshine Asian peers as dollar climbs
Japanese equities have been slower than other Asian markets to recover from the global stock plunge in February. The Nikkei Asia300 Index, which tracks high-profile Asian companies outside Japan, has largely remained in positive territory this year ... ( read original story ...)
Nikkei rises, financials lead gains on higher U.S. yields
TOKYO, April 24 (Reuters) - Japan’s Nikkei share average rose to near seven-week highs on Tuesday, with financials leading the gains after U.S. bond yields spiked to four-year highs. The Nikkei advanced 0.67 percent to 22,235, near last week’s high of ... ( read original story ...)
Japan labors to add ‘fair’ and ‘reciprocal’ angle to free trade
TOKYO -- Although Japan and the U.S. will begin new "free, fair and reciprocal" trade talks soon, the two countries share little common ground as Washington tries to score a bilateral deal while Tokyo holds out for the original TPP. Dubbed the "FFR" talks ... ( read original story ...)
Asia equities advance higher, Nikkei 225 climbs over 22,250
Asia equities on the rise as traders test out their risk appetite. Japan data providing some buoyancy to the Nikkei as figures beat expectations, albeit mildly. Asia equities are lifting in Tuesday trading, and Japan's Nikkei index is working back into the ... ( read original story ...)
Nikkei 225 fails to jumpstart the week, falling back towards 22,000.00
as well as unsteady Japanese PMIs expected. Rising Treasury yields are making traders cautious about their next steps. The Nikkei 225 index is slipping back below the 22,100.00 level as apprehensive traders failed to keep early Monday's momentum going. ( read original story ...)
Nikkei hits 2-month high, financials lead gains on rising U.S. yields
TOKYO, April 24 (Reuters) - Japanese shares hit a two-month closing high on Tuesday with financials leading gains after U.S. bond yields spiked to four-year highs and as investors remained optimistic about upcoming earnings. The Nikkei advanced 0.86 ... ( read original story ...)
LNG Canada awards construction contract to Japanese and U.S. firms: Nikkei Asian Review
TOKYO, JAPAN — The Nikkei Asian Review is reporting that Japan-based JGC Corp and U.S. firm Fluor have won a contract to design and build the LNG Canada liquefied natural gas project for an estimated $14 billion. Nikkei has not named sources in its ... ( read original story ...)
Prosecutors question key ex-Finance Ministry bureaucrat Nobuhisa Sagawa over document tampering
OSAKA – Public prosecutors have questioned former Finance Ministry bureaucrat Nobuhisa Sagawa on a voluntary basis over the ministry’s falsification of documents related to the controversial discount sale of state land to school operator Moritomo ... ( read original story ...)
Pumpkin Carriage Drives Japan Bank From Star Status to ‘Pariah’
It wasn’t so long ago that Suruga Bank Ltd. was seen as a model for how Japanese lenders can survive in an era of rock-bottom interest rates and weak loan demand. The regional bank was hailed for generating the best loan margins in the country, thanks to ... ( read original story ...)
Japan will reach 2% inflation target and can begin reducing stimulus in five years, BOJ’s Kuroda says
The Bank of Japan will be able to begin winding down its extraordinary monetary stimulus within the next five years, the head of the central bank said. "Sometime within the next five years, we will reach [our] 2 percent inflation target," Governor Haruhiko ... ( read original story ...)
Prosecutors quizzed ex-bureaucrat over gov’t altered land sale papers
OSAKA (Kyodo) -- Osaka prosecutors questioned a former Finance Ministry bureaucrat over the falsification of documents related to the sale of state land linked to cronyism allegations against Prime Minister Shinzo Abe, a source close to the matter said Monday. ( read original story ...)
Japan’s Central Bank Has Hopeful Forecast for Effect of Sales-Tax Increase
TOKYO—Japan’s central bank believes the nation can withstand a sales-tax increase scheduled for next year and avoid the sharp slowdown that followed earlier increases, say people familiar with the Bank of Japan’s thinking. The central bank will ... ( read original story ...)