A consortium of banks, led by Mizuho Financial Group and Japan Post Bank, has won support from the country’s central bank and financial regulator to launch the J Coin, an electronic currency to pay for goods and transfer money using smartphones. ( read original story ...)
Tokyo Global Financial Center Under the Spotlight Again
Japan has long endeavored to develop its capital, Tokyo, as one of the top global financial — given the status of the Japanese yen as the third international currency after the U.S. dollar and the euro; and large financial markets with abundant capital. ( read original story ...)
Philippine government tries to lure private Japanese investment
TOKYO -- The Philippine government has called on cash-rich Japanese companies to invest more in the country, with senior officials and the central bank governor making the case for the fast-growing economy at a seminar in Tokyo. To attract that cash ... ( read original story ...)
Japan’s Abe calls snap election
TOKYO -- Japan is set for an October election ... The general public seems to agree. According to a Nikkei/TV Tokyo survey conducted between Sept. 22 and 24, the LDP enjoys support levels of 44%, no other party in the Diet has more than 10%. ( read original story ...)
Nikkei Dips As NKorea Tensions, Japan Snap Election Weigh On Asian Shares
Investing.com - Asian shares were narrowly mixed on Tuesday with sentiment subdued on continued tension on the Korean peninsula that have raised conflict risks. Apple (NASDAQ:AAPL) suppliers in Asia were mostly lower after it reportedly informed suppliers ... ( read original story ...)
Nikkei slips from 2-yr highs as tech shares fall; North Korea concerns weigh
TOKYO, Sept 26 (Reuters) - Japan’s Nikkei average edged lower on Tuesday as tech shares and Apple suppliers declined, tracking their U.S. counterparts overnight, while concerns over North Korea sapped risk appetite. The Nikkei ended 0.3 percent lower at ... ( read original story ...)
Japan Post follow-up offering priced below 2015 IPO
TOKYO -- The second-round float of shares in government-owned Japan Post Holdings will have a price of 1,322 yen each, the Ministry of Finance said Monday, choosing a discount at the low end of its planned range. This week's release consists of a 1.3 ... ( read original story ...)
Japan Post’s share sale raises $11bn, but demand weaker than for IPO
Pedestrians walk past a post office in Tokyo. A government sale of Japan Post Holdings Co stock raised $11bn in the world’s second-biggest share sale this year. A government sale of Japan Post Holdings Co stock raised $11bn in the world’s second ... ( read original story ...)
Nikkei slips as tech shares, Apple suppliers fall; North Korea concerns weigh
TOKYO, Sept 26 (Reuters) - Japan’s Nikkei average slipped slightly on Tuesday morning as tech shares and Apple suppliers declined, tracking their U.S. counterparts overnight, while concerns over North Korea sapped risk appetite. The Nikkei was ... ( read original story ...)
Japan finance minister – Need new time frame to hit budget-balancing goal
TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Tuesday that the government would need to craft a new time frame for achieving its budget-balancing goal, currently set at fiscal 2020/21. He made the remarks a day after Prime Minister Shinzo ... ( read original story ...)
Old and deadly: Japan’s drive to beat elderly road menace
Kanuma (Japan) (AFP) - A series of fatal crashes caused by elderly drivers in Japan has left authorities desperately grappling for ways to clamp down on a problem that experts warn is only going to get worse as the population ages. Drivers over 65 were ... ( read original story ...)
Japan’s Abe announces snap election amid worries over North Korea
"I'll demonstrate strong leadership and stand at the forefront to face a national crisis," Abe told reporters, mentioning Japan's fast-ageing population and North Korea. "This is my responsibility as leader and my mission as prime minister." Natsuo ... ( read original story ...)
Japan Post share sale raises $11 billion, but demand weaker than for IPO
TOKYO (Reuters) - A government sale of Japan Post Holdings Co (6178.T) stock raised $11 billion in the world’s second-biggest share sale this year, with the postal and financial giant’s attractive dividend yield helping drum up sufficient, albeit ... ( read original story ...)
Japan raising up to $11.6 billion in postal giant share sale
Japan Post shares have not performed particularly well, hanging below their 1,400 yen IPO price. Tokyo: Japan said on Monday that it expects to raise more than USD 11.6 billion by selling off another chunk of the country's massive postal service. ( read original story ...)
Nikkei rises on weak yen, snap election hopes
TOKYO, Sept 25 (Reuters) - Japan’s Nikkei share average rose on Monday morning as a weaker yen lifted exporter shares, while expectations for a snap election continued to support overall sentiment. With the end of the first half looming on Sept. ( read original story ...)
Nikkei rises on weak yen, stimulus hopes; exporters shine
TOKYO, Sept 25 (Reuters) - Japan’s Nikkei share average rose on Monday as a weaker yen lifted exporters, while expectations of economic stimulus measures after an election next month supported overall sentiment. As the end of Japan’s fiscal first half ... ( read original story ...)