TOKYO -- Japan plans to spend record sums on defense in fiscal 2018, but the gains will flow not to high-tech Japanese manufacturers but to US companies backed strongly by President Donald Trump. This has dismayed Japanese corporates who watched Mr Trump ... ( read original story ...)
Japan stocks eke out small gains as strong financials offset resources-related stocks
TOKYO: Japanese stocks eked out small gains on Monday, with strength in securities and insurers offsetting falls in resources-related sectors including trading houses, steelmakers and shippers. The Nikkei index was flat at 23,816.33 and the broader Topix ... ( read original story ...)
Japanese retail investors pull out of bear fund as Nikkei hits 26-year peak
TOKYO (Reuters) - Japanese retail investors are pulling out of a popular bear market fund as a rally in the benchmark Nikkei index to 26-year highs prompts many market participants to ditch their contrarian strategies. The fund is designed to pay investors ... ( read original story ...)
Nikkei gains, with real estate shares in spotlight
TOKYO, Jan 23 (Reuters) - Japan’s Nikkei share average pushed higher on Tuesday, reaching for fresh multi-decade highs, with real estate and precision machinery shares gaining. The Nikkei was up 0.9 percent at 24,037.86 at the end of morning trade. ( read original story ...)
Bank of Japan Sticks to View on 2% Inflation
TOKYO—The Bank of Japan stuck to its view that inflation will likely reach 2% in two years and left policy unchanged Tuesday, but offered no new clues on whether it will join other global banks this year in dialing back its support for the economy. ( read original story ...)
The Bank Of Japan Will Rock The Interest Rate Market, Maybe Tonight
We talked last week about the prospects of a government shutdown and the little-to-no impact it would likely have on markets. Here we are, with a shutdown as we open the week, and stocks are on to new record highs. Oil continues to trade at the highest ... ( read original story ...)
Japan’s Central Bank Keeps Stimulus Unchanged, Maintains Inflation Outlook
The Bank of Japan maintained its massive monetary stimulus and kept its price and economic forecasts unchanged. The central bank kept its policy interest rates and asset purchases unchanged, it said in a statement released on Tuesday, a result forecast by ... ( read original story ...)
Hundreds Hurry for Cover During Tokyo’s First Missile Drill
As a siren warned of an approaching North Korean missile, hundreds of people in central Tokyo hurried for cover in buildings ... The budget for the financial year starting in April includes funds for a new land-based missile defense system, which will ... ( read original story ...)
Japan’s top cement maker sees value in cutting debt, despite low rates
Shuji Fukuda, president of Taiheiyo Cement, Japan's largest cement supplier, said it is important for his company to cut debt. "Sales amounted to 1 trillion yen and interest-bearing debts also amounted to 1 trillion yen," Fukuda told the Nikkei in a recent ... ( read original story ...)
Japan manufacturers’ mood jumps to 11-year high – Reuters Tankan
The monthly poll, which tracks the Bank of Japan's (BOJ) closely-watched tankan quarterly survey, followed a key gauge of capital spending out last week showing Japan Inc's readiness to spend some of their huge cash pile, potentially spurring a virtuous ... ( read original story ...)
In Tokyo meeting, officials seek to forge ahead with TPP even as Canada wavers
As trade officials gather in Tokyo this week to try and forge ahead with a trade pact that U.S. President Donald Trump abandoned last year, the new 11-member club risks getting bogged down by resistance from Canada. The member countries of the ... ( read original story ...)
Double partner hire in Tokyo upgrades DLA Piper teams
DLA Piper has snagged two senior partners from Jones Day in Tokyo to upgrade two of its practice groups. The firm has appointed Kaoru Umino and Dan Matsuda as partners and has given them leadership roles. Umino will helm the global firm’s finance and ... ( read original story ...)
Mitsubishi UFJ Financial : MUFG Signs Memorandum of Understanding With Ministry of Finance, Saudi Arabia
TOKYO, Japan, Jan. 15-- The Bank of Tokyo-Mitsubishi UFJ issued the following news release: Mitsubishi UFJ Financial Group, Inc.'s (MUFG) banking subsidiary The Bank of Tokyo-Mitsubishi UFJ, Ltd. announces that it recently signed a Memorandum of ... ( read original story ...)
Luxembourg to advocate ‘delegation’ model post-Brexit: finance minister
TOKYO (Reuters) - Luxembourg's finance minister Pierre Gramegna said on Friday the European Commission should stick to the current rules that allow funds managed in London to be domiciled and regulated in another country. His comments pit the tiny and ... ( read original story ...)
Foreign investors keen on Genco 3’s privatisation
According to EVN, 19 regional and global investors such as Ratchaburi, Nebras Power, GS Energy Corporation, Siemens AG, GE Capital, Itochu, China Datang Power, Keppel Infrastructure and Osaka Gas as ... initial public offering (IPO) in February. ( read original story ...)
SoftBank telecoms IPO faces headwinds from govt-backed upstarts
SoftBank shares have risen about 3 per cent this week since it said it was considering what would be the largest IPO by a Japanese company in nearly two decades, a deal that would accelerate the group’s transformation into one of the world’s biggest ... ( read original story ...)