The Bank of Japan may lower its inflation forecast for the current fiscal year, acknowledging that price gains have undershot expectations despite an otherwise strengthening economy, sources with knowledge of the central bank's thinking said Friday. ( read original story ...)
Japan’s interbank lending rate slides under zero
TOKYO -- A benchmark interbank rate has fallen below zero for the first time since its 1995 creation as the Bank of Japan stays the course on negative interest rates. The Tokyo interbank offered rate -- a yardstick of banks' lending rates -- with the ... ( read original story ...)
BANK OF JAPAN : Software Maintenance
Address : Futanako-shi, Tokyo 1-19 Bank of Japan Bunka Fuchu Branch Tel: +81-042 (351) 1291 Fax: +81-042 (368) 8844 Description : Tenders are invited for Software Maintenance. [Disclaimer: The above text is machine translated. For accurate information ... ( read original story ...)
Japan inflation stuck at 0.7% in May, way below target
Japanese inflation was stagnant in May, government data indicated Friday, and still far below target as the Bank of Japan shows little sign of winning its long battle against deflation. Prices in the world's third-largest economy rose by 0.7 percent year ... ( read original story ...)
Filipino Bank to Launch Japan Remittances Using IBM and Partners
IBM’s blockchain remittance pilot is forming the basis of a new service between the Philippines and Japan for the country’s overseas workers. Quoted by local news media outlet Business World, First Senior Vice-President Manny T. Narciso said the scheme ... ( read original story ...)
Japan’s steady May inflation shows BOJ stimulus not moving price dial
TOKYO (Reuters) - Japan’s core consumer inflation held steady in May from the previous month, yet again highlighting the challenge facing the central bank as over five years of massive stimulus has failed to push prices close to its 2 percent goal. ( read original story ...)
Japan watchdog orders improvements at cryptocurrency exchanges
TOKYO (Reuters) - Japan’s financial regulator said on Friday it has ordered cryptocurrency exchanges including bitFlyer, Inc., one of the country’s biggest, to make improvements to lax measures on money laundering. The Financial Services Agency (FSA ... ( read original story ...)
Nikkei falls on trade war worries; automakers underperform
TOKYO (Reuters) - Japan’s Nikkei share average dropped on Friday morning after Germany’s Daimler cut its profit forecasts citing tariff concerns and some U.S. data came in below expectations, hurting cyclical stocks. The auto sector .ITEQP.T was under ... ( read original story ...)
Nikkei slips as trade war fears dent automakers
TOKYO (Reuters) - Japan’s Nikkei share average dropped on Friday as shares of automakers fell after Germany’s Daimler cut its profit forecast citing tariff concerns, while weak U.S. economic data dampened investor sentiment. The Philadelphia Federal ... ( read original story ...)
Abe can turn Japan into ‘unicorn’ central
What the World Can Learn from Japan's Lost Decades." He was given the 2018 prize for excellence in opinion writing by the Society of Publishers in Asia, for his work for the Nikkei Asian Review. ( read original story ...)
A Japanese initiative for West Bank’s economic activity
In the latest episode of Global Japan, we bring you to Jericho in the West Bank to discover a unique Japanese initiative: the Jericho agro-industrial park, which meets international standards. The aim: to boost the region’s economic activity. ( read original story ...)
Japan’s P2P Flea Market Mercari Makes IPO Debut At $7.4B
The IPO, the biggest in Japan this year, raised $1.2 billion through the sale of around a third of Mercari’s shares, with the majority bought by overseas investors. The listing makes Mercari the most valuable firm on the Tokyo bourse’s Mothers market ... ( read original story ...)
Nikkei ends up as trade war jitters ease, tech shares rally
TOKYO (Reuters) - Japan’s Nikkei share average rose on Thursday as concerns over China-U.S. trade issues that hit markets early this week appeared to recede, while technology stocks rallied on the back of Nasdaq’s strong performance. The market was ... ( read original story ...)
Slow crisis stalks Japan’s overstuffed banking industry
The history of the ATM includes a footnote in Asia: a Japanese company supposedly developed the first cash machine in the mid-1960s. Japan’s record of remarkable innovation is not apparent, however, when you enter its high street banks. Most have hardly ... ( read original story ...)
Bank of Japan’s Funo calls for strong easing to hit two percent inflation as prices weak
SENDAI, Japan (Reuters) - Bank of Japan board member Yukitoshi Funo said on Thursday that the central bank needs to patiently continue its strong monetary easing under the current policy framework, underscoring the BOJ’s resolve to hit its 2 percent ... ( read original story ...)
Nikkei rises as trade jitters ease, banks weakened by low rates and bad debt
TOKYO (Reuters) - Japan’s Nikkei share average rose on Thursday morning as investor jitters over trade issues that hit markets early this week appeared to recede, while technology stocks rallied on the Nasdaq strong performance overnight. The Nikkei ... ( read original story ...)