TOKYO -- Almost $5 billion in funds earmarked for rebuilding Japan's disaster-stricken northeast remain unused, with projects entangled in local debates and nuts-and-bolts complications, a Nikkei study has found. The Nikkei compiled government survey data ... ( read original story ...)
It’s official: Sea files for IPO on NYSE
Japan’s Mistletoe fund of Taizo Son (the younger brother of SoftBank CEO Masayoshi Son), Canada’s Ontario Teachers’ Pension Plan, and US private equity firm General Atlantic LLC. The IPO is great news for all of them as large exits from Asia are rare. ( read original story ...)
It’s official: Singapore unicorn Sea files for IPO on NYSE
Japan’s Mistletoe fund of Taizo Son (the younger brother of SoftBank CEO Masayoshi Son), Canada’s Ontario Teachers’ Pension Plan, and US private equity firm General Atlantic LLC. The IPO is great news for all of them as large exits from Asia are rare. ( read original story ...)
Nikkei gains steam, outpacing other Asian markets
Japan was again a standout, with equities building on this week’s two-year highs as the yen continued to retreat. Meanwhile, Australia underperformed as metal prices fell and utilities stocks slid. The Nikkei NIK, -0.25% was recently up 0.7% ... ( read original story ...)
Finance Ministry delays plan to destroy data on school scandal
The Finance Ministry has decided for the time being not to destroy ... unable to restore data on the negotiations over the sale of land at a sharp discount to Osaka-based Moritomo Gakuen in light of an investigation mounted by the Board of Audit and ... ( read original story ...)
World wonders could NKorea fire nuclear missile over Japan
SEOUL, South Korea (AP) -- Will North Korea's next nuclear test involve a thermonuclear missile screaming over Japan? That's a question being asked after North Korea's foreign minister said his country may test a hydrogen bomb in the Pacific Ocean. ( read original story ...)
China tells Japan not to abandon dialogue over North Korea
BEIJING (Reuters) - Japan talking only about sanctions on North Korea rather than dialogue will be seen as going against United Nations resolutions, Chinese Foreign Minister Wang Yi told his Japanese counterpart. Tensions have continued to rise since North ... ( read original story ...)
In Japan, heated tobacco associated with greater risk of tax hike
Because those hikes were framed as a way to promote health and wellness, they were mostly better received by the public than consumption tax increases, which cover just about everything sold in Japan -- including cigarettes. The Finance Ministry also sees ... ( read original story ...)
Japan in unique position to take global lead in investment and trade: experts
Takenaka points to Japan’s heavy dependence on cash as an example ... The fintech trend (a portmanteau of “finance” and “technology”) has made strides in countries such as China, where electronic payments through smartphones are becoming the ... ( read original story ...)
RP, Japan to firm up funding for infra projects
In a statement, the DoF said the Philippines-Japan High-Level Committee on Infrastructure and Economic Cooperation will meet in Tokyo on Monday, their third meeting after the meetings held also in Tokyo in March and in Manila in July. Finance Secretary ... ( read original story ...)
Launch of the 2nd Asia Pacific Alternative Finance Industry Report
Other key markets in the Asia Pacific region in 2016 were Japan at $398 million, South Korea at $376 million, Singapore at $164 million, and India at $124 million. The alternative finance sector in the Asia-Pacific totalled $102.8 billion in 2015 ... ( read original story ...)
Commodities Buzz: Japan Steel Exports Total 3.15 Million Tons in August 2017
According to Japans Ministry of Finance data statistics showed that Japanese steel exports totaled 3.15 million tons in August of this year, increased by 6.3% compared with previous month, down by 9.5% compared with the same period of last year ... ( read original story ...)
Toyota-backed PKSHA’s IPO pop raises hopes for Japan AI
TOKYO -- The blockbuster stock market debut of PKSHA Technology here Friday raises the hope that it may spark a much-needed rush of investment into Japanese startups specializing in artificial intelligence technology. PKSHA -- whose early investors include ... ( read original story ...)
China online insurer ZhongAn prices Hong Kong IPO at top end, raises $1.5 billion – IFR
It cited people close to the deal. The insurer declined to comment on the pricing of the initial public offering (IPO). Japan's SoftBank Group Corp (>> SoftBank Group Corp) agreed to buy a total stake of just under 5 percent for about $550 million in ... ( read original story ...)
There’s now a very easy way for any small business to do an IPO
Just sign up with Valu and start selling shares. According to this story in Bloomberg, the Japanese start-up is enabling any individual or business, from “fisherman and YouTube celebrities to pastry chefs and social media mavens” to sell shares (called ... ( read original story ...)
Chinese online insurer ZhongAn raises $1.5bn in IPO
The public debut, seen as a test of the market for financial technology offerings in Hong Kong, attracted cornerstone investors such as Japan’s SoftBank. The IPO is the world’s first “insurtech” public offering. Insurtech companies seek to use ... ( read original story ...)