Still, foreign exchange markets reacted by pushing the euro higher. That followed the Bank of Japan’s decision on Thursday to keep its monetary policy unchanged, while pushing back its expected time frame for achieving its 2 per cent inflation target to ... ( read original story ...)
Japanese bank Nomura has officially picked Frankfurt as its post-Brexit HQ and will move jobs out of London
LONDON – Japanese bank Nomura has confirmed reports it is applying for a licence to operate in Frankfurt as its European Union base after Brexit. Currently, its official European HQ is in London. The move will affect very few employees — the bank will ... ( read original story ...)
Bank of Japan staying the lonely course
Like other major central banks, the BoJ has recently bumped up its growth forecasts and lowered its inflation estimates for this year and next. But while his peers at the Fed and (slowly but surely) the ECB have embarked on the path of policy normalisation ... ( read original story ...)
MacOS Malware Targets Swiss Bank Customers Via Phishing Emails
Trend Micro, a Japanese security software company, has detected a new piece of malware for the macOS platform that seems to be targeting Swiss bank users. The malware, which Trend Micro called OSX_DOK, spread via a phishing campaign. The malware authors ... ( read original story ...)
Japan’s bazaar app Mercari applies for IPO: Nikkei
TOKYO (Reuters) - Japanese peer-to-peer marketplace app operator Mercari has applied to list its shares with the Tokyo Stock Exchange, which could be the biggest initial public offering (IPO) this year, the Nikkei business daily said on Saturday. ( read original story ...)
Tokyo 2020 living with spectre of killer quake
Tokyo, July 21 (AFP) For modern Olympic host cities, the twin threats of terrorism and financial ruin constantly loom. But spare a thought for Tokyo 2020 organisers, who face the added risk of a devastating earthquake or tsunami. Japan is already stepping ... ( read original story ...)
Japan regulator warns small banks they must change to survive
Japan's more than 100 regional banks are struggling as lending opportunities wane with the shrinking of their local populations - pain that has been exacerbated by a squeeze on lending margins from the Bank of Japan's negative interest-rate policy. ( read original story ...)
Nikkei edges down as market analyses ECB; Yaskawa soars
TOKYO, July 21 (Reuters) - Japan's Nikkei share average edged down on Friday morning as investors took in the European Central Bank's policy talk, while individual companies such as Yaskawa Electric soared on strong profit forecasts. The Nikkei dropped 0.3 ... ( read original story ...)
Nikkei edges down as steelmakers hit by profit taking, Yaskawa soars
TOKYO, July 21 (Reuters) - Japan's Nikkei share average edged down on Friday as investors took profits on steelmakers, offsetting gains in Yaskawa Electric and other machinery makers. The Nikkei ended down 0.2 percent at 20,099.75 points. For the week ... ( read original story ...)
Japan’s June export growth points to sustained economy recovery
Japan's exports rose for a seventh straight month in June led by shipments of cars and electronics, an indication external demand continues to support a gradual economic recovery and backing the central bank's upbeat economic view. Ministry of Finance (MOF ... ( read original story ...)
Bank of Japan again pushes back inflation target, keeps policy steady
The Bank of Japan kept monetary policy steady on Thursday but once again pushed back the timing for achieving its ambitious inflation target, reinforcing views it will lag well behind other major central banks in scaling back its massive stimulus program. ( read original story ...)
Bank of Japan keeps stimulus intact, cuts inflation outlook
Japan's central bank opted Thursday to keep its lavish monetary stimulus intact while downgrading its outlook for inflation. The Bank of Japan's policy meeting ended Thursday with no change to its injections of trillions of yen (hundreds of billions of ... ( read original story ...)
Bank of Japan keeps monetary policy steady, cuts inflation expectations
The Bank of Japan said Thursday that it kept its monetary policy unchanged after its two-day meeting, but it cut inflation forecasts for fiscal years 2017/2018 and 2018/2019. The central bank now expects inflation to be at 1.1 percent for the current ... ( read original story ...)
Nikkei lifted by Wall Street highs as BOJ outcome awaited
TOKYO, July 20 (Reuters) - Japan's Nikkei share average rose in morning trade on Thursday, buoyed by record highs on Wall Street though capped by caution ahead of the outcome of the Bank of Japan meeting. The Nikkei was up 0.4 percent at 20,092.14 at the ... ( read original story ...)
Japan’s finance czar gets a rare 3rd term — and 3 challenges
TOKYO -- The commissioner of Japan's Financial Services Agency ... lend where there is no collateral or guarantees," said a source at a regional bank in the Osaka area. But regional banks also face a shrinking population and market uncertainties, and ... ( read original story ...)
Japan Central Bank’s ETF Shopping Spree Is Becoming a Worry
Sustainability is said to be a key concern for some at the BOJ No changes are likely at the policy board’s meeting this week Some officials at the Bank of Japan are increasingly concerned about the sustainability of the BOJ’s purchases of exchange ... ( read original story ...)