Tokyo stocks opened higher on Thursday, supported by modest gains on Wall Street with investor focus shifting to a number of upcoming corporate earnings announcements. The benchmark Nikkei 225 index, which fell for the sixth straight day on Wednesday ... ( read original story ...)
In Aramco IPO, China talks crucial for choice of listing venue: Sources
Japan and South Korea before deciding where to list shares in state oil company Saudi Aramco, three sources familiar with the discussions said. Continue Reading Below The decision shows the initial public offering (IPO), which could be the biggest in ... ( read original story ...)
Toshiba considers IPO of $18bn memory chip business
The IPO proposal, which some analysts and Toshiba shareholders ... The equity issuance, which followed an upgrade of Toshiba’s status by the Tokyo Stock Exchange, has dramatically improved the company’s finances — to the point, argue some of its ... ( read original story ...)
Switch steers Nintendo to best third quarter in eight years, higher outlook
OSAKA (Reuters) - Japanese videogames maker Nintendo Co Ltd reported its biggest third-quarter operating profit in eight years, driven by smashing demand for its new Switch games console, and said it expected annual earnings to outstrip its ... ( read original story ...)
Submarine detection a rude awakening for Sino-Japan relations
China, it seems, intends to tail any Japanese vessels entering the zone. In response to The Nikkei's inquiry, the ministry, which usually sends written answers, replied over the phone that it took the position already announced by China. It has released an ... ( read original story ...)
Negative rate policy sapping Japanese banks’ stamina
TOKYO -- In the nearly two years since the Bank of Japan embarked on its negative interest rate policy, the country's major banks have seen their lending operations deteriorate as their average lending rate remains stuck at under 1%. The troubles are ... ( read original story ...)
Tokyo Smoke goes public as cannabis companies eye retail
What company becomes the Starbucks of the industry, however, remains to be seen. Tokyo Smoke, owned by TS Brandco Holdings Inc., has been trying to manoeuvre into this position since 2015, carefully cultivating a hip, cannabis-centred lifestyle brand in ... ( read original story ...)
Should You Buy One of the World’s Biggest Phone Companies on IPO News?
News broke recently that Japanese telecom giant SoftBank (NASDAQOTH: SFTBF) is considering strategic alternatives for its mobile business, including spinning off a portion of it via an IPO. The company was quick to respond that it has not decided for sure ... ( read original story ...)
Nikkei drops for 6th day as mining companies, steelmakers fall
Inpex Corp dropped 2.4 per cent and Nippon Steel & Sumitomo Metal shed 2.1 per cent. TOKYO: Japan's Nikkei share average fell for a sixth straight day on Wednesday in choppy trade, with most sectors in negative territory, while large-cap stock Advantest ... ( read original story ...)
The rise of ‘made-in-Japan’ Chinese herbal remedies
TOKYO -- With the market for traditional Chinese herbal medicines going from strength to strength, Japanese makers of the remedies are increasingly starting to source raw ingredients at home, rather than importing them from China. An hour and a half by car ... ( read original story ...)
Bank of Japan’s Kuroda urges cryptocurrency service firms to beef up security
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Wednesday companies offering cryptocurrency services must have ample security steps in place. Kuroda also told parliament the BOJ had no plan now to issue digital currencies. Japan’s ... ( read original story ...)
Starbucks Japan evokes tradition and history with unique designs
TOKYO/MATSUYAMA, Japan -- In the old Japanese capital of Kyoto, on the Ninenzaka slope leading up to the Kiyomizu Temple, one of the city's most notable landmarks, a 100-year-old traditional house has been turned into a Starbucks coffee shop. At Starbucks ... ( read original story ...)
American tourism: Millennials opt for family vacations
According to Google, Athens is among the top 5 destinations of American millennials, with Osaka ranking first ... in 65,000 cities and rising valuation in advance of an imminent IPO. The report found that despite 52% of respondents saying they regularly ... ( read original story ...)
Former school head used Akie Abe’s name in seeking discount
It found that Kagoike had referred to Prime Minister Shinzo Abe's wife, who had assumed the post of honorary principal of the elementary school under construction in Toyonaka, Osaka Prefecture. According to Finance Ministry officials’ replies in the Diet ... ( read original story ...)
Japan sanctions Coincheck after massive cryptocurrency theft
Bitcoin price tracks Google searches for the cryptocurrency as speculators fear missing out Japan’s finance minister Taro Aso told parliament on Monday that the government would take “necessary administrative measures, including an on-site inspection.” ( read original story ...)
Japan cryptocurrency hack highlights oversight challenges
Japanese residents will have to report capital gains from trading ... managing director of the International Monetary Fund. Nikkei Inc. group company QUICK holds an equity stake in bitFlyer. ( read original story ...)