TOKYO Plans to list shares of Saudi Aramco ... This would make it the largest IPO in history, dwarfing the current record of $25 billion raised by China's Alibaba Group Holding. The stock exchanges of New York and London, which could offer the two biggest ... ( read original story ...)
S. Korea’s Hanatour to seek IPO of Japanese unit in Japan in Dec
Hanatour Service Inc., South Korea’s largest travel agency, is seeking to list its Japanese subsidiary on Tokyo Stock Exchange later this year. Once its stocks are listed, its market capitalization would reach 278.8 billion won ($248.7 million). ( read original story ...)
Governor plugs for Tokyo as financial hub
A vision for sustainability and establishing Tokyo as an international financial hub took centre stage in Tokyo governor Yuriko Koike's three-day visit to Singapore, which ends today. Speaking at a public lecture in the Lee Kuan Yew School of Public Policy ... ( read original story ...)
IPO Watch: Aramco Poised For 2018 Debut
Meanwhile, Reuters reported that although preparation for the IPO is proceeding, no decision has been taken ... As for other markets, a complete study was made," he said naming New York, London, Tokyo and Hong Kong. ( read original story ...)
UPDATE 1-Banking body head warns about impact of BOJ negative rate policy
TOKYO, Nov 16 (Reuters) - The head of Japan’s banking industry said on Thursday the Bank of Japan’s massive monetary easing could cause disruption for the country’s financial system if it remains in place too long. Nobuyuki Hirano, chairman of ... ( read original story ...)
Bank of Japan should consider selling put options on Japan stocks: Japan Post Bank CIO
TOKYO (Reuters) - The Bank of Japan should consider using derivatives, rather than buying Japanese stock funds directly as it does now, to affect risk premium on stocks, because that would be a better tool, said the chief investment officer of Japan Post Bank. ( read original story ...)
Tokyo governor Yuriko Koike promotes city’s global financial hub vision on Singapore visit
SINGAPORE - A vision for sustainability and establishing Tokyo as an international financial hub took centre stage in Tokyo governor Yuriko Koike's three-day visit to Singapore, which ends on Friday (Nov 17). Speaking at a public lecture in the Lee Kuan ... ( read original story ...)
BRIEF-Hanatour Japan announces IPO on TSE Mothers on Dec. 15
* Says its stock will begin trading on the Tokyo Stock Exchange (TSE) Mothers on Dec. 15, 2017, under the symbol “6561” * In its initial public offering, the company will offer a total of 2,550,000 common shares, comprised of newly issued 1,000,000 ... ( read original story ...)
Japan’s GDP growth seen speeding to 1.6% for fiscal 2017
The Nikkei Stock Average leapt into the 23,000 range at one point last Thursday. Profit-taking set in thereafter, but the index still sits about 8% above its score of 20,356 at September's end. The five mainstay Japanese department stores each reported ... ( read original story ...)
Switching U.S. Regulators Upends Probe Into Japan’s Biggest Bank
Japan’s biggest bank sidestepped state supervision of a New York branch in the middle of a state investigation into the bank’s safeguards meant to ensure clients weren’t evading U.S. sanctions, according to a state regulator’s letter reviewed by ... ( read original story ...)
Japanese Bank Switches U.S. Regulators in Middle of Investigation
Japan’s biggest bank sidestepped state supervision of a New York branch in the middle of a state investigation into the bank’s safeguards meant to ensure clients weren’t evading U.S. sanctions, according to a state regulator’s letter reviewed by ... ( read original story ...)
Is Japan’s stock market rally for real?
But for the last quarter century, the legendary French investor has wisely avoided making a bold call on Japan, choosing instead to sit out each of the five short-lived rallies that the Nikkei 225 index has staged since the investment bubble burst in the ... ( read original story ...)
Tokyo’s Biggest Taxi Firm Takes on Uber
Nov.14 -- Tokyo's biggest taxi service is revamping its business as it looks to prevent Uber from gaining ground in Japan. Bloomberg's Reed Stevenson reports on "Bloomberg Markets: Asia." ( read original story ...)
Japan Inc. headed for first sales growth in 3 years
TOKYO -- Japanese companies expect to achieve an annual sales increase ... to rise 6% for 1,580 companies that announced interim fiscal 2017 results by Tuesday, a Nikkei compilation found. Manufacturers are selling more products amid global economic ... ( read original story ...)
Al Gore faults Japan for subsidizing coal
"Japan should consider reassessing its role as the No. 1 contributor ... of carbon-based fuels [and] to encourage speedier adoptions of the new technologies." Nikkei staff writer Mitsuru Obe contributed to this story. ( read original story ...)
Japanese lender Mitsubishi UFJ Financial hires nearly 200 new investment bankers in London
Japan’s biggest bank – and the world’s fifth largest – gave London a big vote of confidence overnight by announcing nearly 200 new investment banking jobs in the capital. Mitsubishi UFJ Financial is to expand European operations in the hope of ... ( read original story ...)