Tag: banking

For the first time in two years, Japan’s economy slipped in the first quarter. The economy contracted 0.6% on an annualized basis in the first quarter thanks to an unexpected fall in capital investment and flat private consumption. This might cause a ... ( read original story ...)

TOKYO -- Deputy Chief Cabinet Secretary Yasutoshi Nishimura said on May 16 that he gave a verbal warning to Finance Minister Taro Aso over his jeering of an opposition legislator during a recent Diet session. During a House of Representatives Budget ... ( read original story ...)

Mercari, the eBay-like service that is Japanese first tech startup unicorn, has filed to go public in an IPO that could raise as much as $1.1 billion. The company is scheduled to list on the Toyko Stock Exchange’s Mothers Market — a board for high ... ( read original story ...)

“Our first steps outside of Germany nearly 150 years ago were in fact in this region, in China and Japan. We knew then, as we know now, how fundamental Asia is to our global business,” Sewing said. Deutsche Bank is present in 15 Asian countries ... ( read original story ...)

The banking unit of Japan’s Mitsubishi UFJ Financial Group (MUFG) plans to trial its own cryptocurrency as early as 2019, Cointelegraph Japan reports today, May 15. Cointelegraph Japan quotes local news media outlet NHK saying that a test phase of the ... ( read original story ...)

TOKYO (TR) – Tokyo Metropolitan Police have arrested a 34 ... According to the Ministry of Finance, the number of cases of gold smuggling has surged since the consumption tax was upped from 5 percent to 8 percent in 2014. Between 2016 and last year ... ( read original story ...)

TOKYO -- Japan's public and private sectors have agreed on a comprehensive package to promote the export of medical-related infrastructure to India, Nikkei has learned. Some Indian companies already appear to be involved in the plan, which could go into ... ( read original story ...)

Japan-based global investment bank Nomura has announced a venture to establish a custody offering for digital assets, Cointelegraph Japan reports today, May 16. The new project aims at removing barriers to institutional investment in the crypto space. ( read original story ...)

Mercari, the eBay-like service that is Japanese first tech startup unicorn, has filed to go public in an IPO that could raise as much as $1.1 billion. The company is scheduled to list on the Toyko Stock Exchange’s Mothers Market — a board for high ... ( read original story ...)

Tokyo stocks ended down on Wednesday, after falls on Wall Street and official data that showed Japan's economy contracted for the first time in two years. The benchmark Nikkei 225 index lost 0.44 percent, or 100.79 points, to 22,717.23 while the broader ... ( read original story ...)

TOKYO -- Japan's economy contracted by an annualized rate of 0.6% in the January-March quarter, marking an end to the longest streak of growth since the late 1980s, as consumer spending and capital expenditure slowed. While most economists expect to see a ... ( read original story ...)

KTX, in central Japan's Aichi Prefecture, has won fans among automakers ... According to the 16th mold survey conducted by Nikkei at the end of fiscal 2017, 41 companies, or 33.1% of the total, said they planned to raise their capital spending this ... ( read original story ...)

TOKYO, May 15 (Reuters) - Japanese stocks pulled back from a recent 3-1/2 month high on Tuesday, hit by profit-taking, though bank shares staged a rally on hopes of strong earnings for the sector. The Nikkei share average ended 0.2 percent lower to 22,818 ... ( read original story ...)

The top three lenders reported weak earnings at their core commercial banking units, propped up by lower bad loan costs, gains in stock holdings and other factors. Mitsubishi UFJ Financial Group Inc (MUFG) (8306.T), Japan’s largest lender, said on ... ( read original story ...)

In an attempt to keep billions in funds left by deceased customers, Japanese regional banks are using special trusts to enter into banking relationships with the heirs of the departed. The step comes as the country’s local lenders have been losing 60 ... ( read original story ...)

Japan Post Bank is to launch a $1.5bn in-house hedge fund, according to people familiar with the plan, as an institution that once symbolised the nation’s financial conservatism embraces a new level of risk in a quest for greater returns. The shift ... ( read original story ...)