Tokyo stocks rose to a 10-month high on Monday as the dollar ... but market heavyweight Fast Retailing fell 0.54 percent to 39,970 yen. The finance ministry announced just before markets opened that Japan posted a second successive trade surplus, of ... ( read original story ...)
Nikkei edges up, hovers at 10-1/2-month high as weak yen supports
TOKYO, Nov 21 Japan's Nikkei rose on Monday morning, hovering at 10-1/2-month highs after the yen weakened further, but gains could be limited on investor caution after the market's recent sharp rally. The Nikkei share average rose 0.6 percent to 18,072.01 ... ( read original story ...)
World’s Biggest Comeback Breathes Life Into Japan’s Equity Bulls
So say Citigroup Inc., AllianceBernstein and Bordier & Cie, who all see further gains for Japanese shares after the Nikkei 225 Stock Average climbed more than 20 percent from this year’s low. The $5 trillion market has outperformed all its developed ... ( read original story ...)
Asian markets rise, Nikkei hits 10-month high in intraday trading
A weaker yen sent Japan’s Nikkei to a 10-month high on Friday, helping drive gains across key Asian markets as robust U.S. economic data buoyed expectations of an interest-rate hike next month. The Nikkei Stock Average NIK, +0.80% was up 0.8% ... ( read original story ...)
Japan, Peru pledge to step up effort for early TPP approval
LIMA (Reuters) - Japanese and Peruvian leaders said on Friday they will work harder to put into force a Pacific rim trade pact as early as possible, pledging support for the 12-nation accord with an uncertain future. "The two leaders have committed ... ( read original story ...)
Japan's Diet votes yes to more foreign care workers
TOKYO -- Legislation passed Friday opens more doors for foreign-born nursing care professionals to work in Japan, a move taken to address a labor shortage. The measures, approved by the upper house across party lines, take effect next year. Nursing care ... ( read original story ...)
Bank of Japan gets serious on yield-curve control
The Bank of Japan has put its "yield-curve control" plan into practice. On Nov. 17 the central bank offered to buy shorter-dated bonds in unlimited amounts, the first time it has wielded the tools it introduced two months ago. This episode hasn't cost the ... ( read original story ...)
Five Bright Spots for Japan Banks Burdened by Negative Rates
That’s all welcome news for the Tokyo-based banks, which this week reported lending income fell for a fifth straight quarter as interest margins continued to shrink under the Bank of Japan’s negative-rate policy. Prime Minister Shinzo Abe met with the ... ( read original story ...)
Exclusive: ANZ's sale of insurance unit attracts Meiji Yasuda, AIA Group – sources
which has been valued at $3.33 billion by the bank, is attracting interest from Japan’s Meiji Yasuda and Hong Kong-based AIA Group (1299.HK), according to people familiar with the situation. Meiji Yasuda, Japan's third-largest private sector insurer by ... ( read original story ...)
Japanese monetary policy and the property market
Earlier this year, the Bank of Japan (BoJ) became the latest central bank to experiment with Negative Interest Rate Policy (NIRP). They followed this up in September with even further unconventional monetary policy, which they have called "Qualitative and ... ( read original story ...)
U.S. Treasury yields subside, Asian stocks steady
Japanese government bond yields also pulled back from multi-month highs after the Bank of Japan conducted a special fixed-rate bond buying operation for the first time, firing a warning shot against excessive yield moves. The dollar index, which measures ... ( read original story ...)
Japan's Central Bank Believes Blockchain Could Create Tax Issues
Growth in the use of both digital currencies and distributed ledgers could hold regulatory and monetary policy implications, a senior official for Japan’s central bank said today. Speaking during a fintech event at the Univeristy of Tokyo, Bank of Japan ... ( read original story ...)
Bank of Japan policymakers acknowledge delay in hitting 2% inflation
TOKYO (Kyodo) -- Bank of Japan policymakers said its goal of 2 percent inflation would be further delayed, but policy decisions would be based on momentum toward the target, according to a summary of opinions at the latest policy meeting released Thursday. ( read original story ...)
BoJ's Nakaso: central banks must keep up with technology
Central banks must stay abreast of developments in payments technology if they are to avoid constraining the economy, Bank of Japan deputy governor Hiroshi Nakaso said today (November 18). Addressing... ( read original story ...)
Japan's PM Abe meets Trump, says confident can build trust
COMMON GROUND Back in Tokyo, Finance Minister Taro Aso commented: "The meeting ran longer than planned, which means that they were on the same wavelength and it went well." Some of Trump's campaign rhetoric suggested an image of Japan forged in the 1980s ... ( read original story ...)
Tokyo shares up by break on lower yen
Tokyo stocks rallied Friday morning as the yen sank against the dollar after Federal Reserve chief Janet Yellen indicated the bank would hike US interest rates next month. The dollar soared Thursday after Yellen told a joint congressional committee of her ... ( read original story ...)