The LDP’s tobacco addiction tells a much bigger story

This remains a puffer’s paradise, in part, because the Finance Ministry owns one-third of Japan Tobacco ... Abe is deflecting them on alleged cronyism from Osaka to Okayama. The gulf in political courage fits a pattern. Koike isn’t just looking ... ( read original story ...)

The Bank of Japan’s head deserves a second term

NEW YORK – U.S. President Donald Trump isn’t the only leader with a big economic hire to make. His Mar-a-Lago golf partner, Prime Minister Shinzo Abe, has to decide whether to reappoint Haruhiko Kuroda as governor of the Bank of Japan. Kuroda’s term ... ( read original story ...)

Japan June Current Account Surplus Y934.6 Billion

Japan posted a current account surplus of 934.6 billion yen in June, the Ministry of Finance said on Tuesday. That beat forecasts for a surplus of 860.5 billion yen following the 1,653.9 billion yen surplus in May. The trade balance showed a surplus of 518 ... ( read original story ...)

Japan posts $10.6b current account surplus

Japan achieved a current account surplus of 934.6 billion yen ... according to data published on Tuesday by the Ministry of Finance. The Japanese trade balance hit a surplus of 518.5 billion yen, down 32 per cent from June 2016 but up from a deficit ... ( read original story ...)

Japan Display may seek outside investor for turnaround: Nikkei

TOKYO (Reuters) - Japan Display Inc is considering seeking funds from an outside investor to help finance an overhaul of its ailing smartphone screen-making business, including 3,500 job cuts, the Nikkei business daily reported on Tuesday. The liquid ... ( read original story ...)

Japan Bank Lending Steady At 3.3% In July

Overall bank lending in Japan was up 3.3 percent on year, the Bank of Japan said on Tuesday - coming in at 516.253 trillion yen. That was in line with expectations and unchanged from the June reading. Excluding trusts, bank lending advanced an annual 3.4 ... ( read original story ...)

Japan’s political turmoil should make investors nervous

In addition, Japan’s domestic economic policy aside, the global economy is in good shape, with solid growth. We think these arguments are too optimistic. The Bank of Japan’s (BOJ) four years of extraordinary monetary easing have no doubt had positive ... ( read original story ...)

CFTC Fines Japanese Bank Over Spoofing

Law360, New York (August 7, 2017, 6:32 PM EDT) -- A Japanese bank that found one of its traders used phony trade orders to manipulate prices for eurodollar and U.S. Treasury notes and came clean with the U.S. Commodity Futures Trading Commission about the ... ( read original story ...)

USD/JPY – Yen Quiet, Markets Eye Japanese Current Account

Japan’s economy has shown improvement ... At its recent policy meeting, the BoJ again extended its time-frame for reaching its inflation target of 2%. The bank is reluctant to scale back its asset-purchase program, which means that it will likely ... ( read original story ...)

Dollar steadies as investors await U.S inflation data

"Looking to the Fed futures market, there's less than a 50 percent chance of one more rate hike this year," said Bill Northey, chief investment officer at U.S. Bank Private Client ... Against its Japanese counterpart, the dollar edged up to 110.78 yen. ( read original story ...)

Yen is set for 100 if shorts get exposed by Fed, says Nomura

While most yen bears have cut back expectations of a Trump reflation trade, others are betting policy divergence between the Bank of Japan and its global peers will increase pressure on the currency. Goldman Sachs Asset Management has added to wagers for ... ( read original story ...)