The Japanese Yen has been on somewhat of a rollercoaster ever since Presidential Elections in the United States. After a rather consistent run of weakness against the Greenback in the month and a half after the start of the ‘Trump Bump’, USD/JPY ... ( read original story ...)
JAPAN: Nikkei corrects -0.8% overnight as USD backs off vs Yen
10:33a APAC Closing Prices: #ASX 5864.90 -0.53% #NIKKEI 18909.26 -0.81% #HSI 24111.5.. 10:13a Toshiba offered $17.9 billion for chip unit by Silver Lake and Broadcom: Nikk.. 09:59a Asian Market Update: #Nikkei drops to over 7-week closing low as investors lo. ( read original story ...)
New chief of Japan's SMBC bank 'actively studying' acquisition of US bank
TOKYO The new head of Japan's Sumitomo Mitsui Banking Corp (SMBC) said it is "actively studying" an acquisition of a U.S. bank, as part of efforts to seek a reliable dollar funding source for future growth. Securing cheap, stable dollar funding has been a ... ( read original story ...)
UPDATE 1-Japan Post Bank seeks approval to sell retail loans
TOKYO, March 31 Japan Post Bank Co Ltd, the country's biggest bank by assets, on Friday said it will seek regulatory permission to sell unsecured retail loans, as it hunts for higher returns in an environment of ultra-low interest rates. The bank aims to ... ( read original story ...)
BANK OF JAPAN : Main events scheduled for April 3-9
-- Japan Automobile Dealers Association to release new motor vehicle sales figures for fiscal 2016 and for March on car-model basis. -- Cabinet Office to release survey on consumer trends for March. -- Japan Automobile Importers Association to release ... ( read original story ...)
Nikkei edges down on pause in weak yen trend; mining shares outperform
TOKYO, March 30 Japan's Nikkei share average edged down on Thursday morning pressured by a pause in the weak yen trend, while mining shares firmed on gains in oil prices. The Nikkei dropped 0.2 percent to 19,175.10 in midmorning trade. The dollar slumped ... ( read original story ...)
Under new rules, government to help finance hotels amid tourism boom
only provides financial support for the construction of facilities such as schools, libraries, hospitals and nursing homes, and only in areas outside Tokyo, Osaka and Nagoya. The government will revise the rules to enable it to finance — starting in ... ( read original story ...)
Tokyo Smoke elevates 4/20 with new retail store, new products, free coffee, a new magazine and a series of educational cannabis clinics
TORONTO, ON--(Marketwired - March 29, 2017) - Tokyo Smoke is excited to announce a new Toronto flagship store arriving on Queen Street West in early summer 2017, just two years after opening its first retail and coffee shop on Adelaide Street, followed by ... ( read original story ...)
Mitsubishi UFJ optimistic on Saudi project finance, Aramco IPO role
DUBAI Mitsubishi UFJ Financial Group (8306.T ... Shinzo Abe this month asked Saudi Arabia's King Salman to support a listing of Aramco's shares in Tokyo. Other markets, including New York, London, Hong Kong, Singapore and Toronto, are also vying for ... ( read original story ...)
Japan govt names six investment banks for Japan Post share sale
The government sold about $12 billion worth of shares in Japan Post, Japan Post Bank Co (7182.T), and Japan Post Insurance Co (7181.T) in the IPO, which was the largest privatization of a Japanese state-owned firm since that of Nippon Telegraph and ... ( read original story ...)
Japan to extend $850 million bailout loan to Mongolia: finance ministry
ULAANBAATAR Japan has committed $850 million in loans to Mongolia as part of a bailout to help rescue the country's struggling economy, Mongolia's finance ministry said on Wednesday. Mongolia, landlocked between China and Russia, agreed to a $5.5 billion ... ( read original story ...)
Bank of Japan's Sato says labour reform must accompany monetary easing
TOKYO Bank of Japan board member Takehiro Sato said labour market reform and other measures to boost Japan's growth potential must accompany monetary easing to raise the country's low long-term inflation expectations. Prolonged economic stagnation has ... ( read original story ...)
BDO, Japanese bank forge deal to help SMEs
BDO Unibank has teamed up with Shinkin Central Bank (SCB), the central financial institution in Japan for the cooperative regional financial institutions known as “shinkin” banks, to assist Japanese small and medium enterprises (SMEs) seeking business ... ( read original story ...)
Why Mizuho Believes Bitcoin Still Has a Future in Banking
Japanese banking giant Mizuho Financial Group is nearing completion of a pilot project that utilizes the bitcoin blockchain for securities transfer. First announced last year as a proof-of-concept (PoC) built with bitcoin's open asset protocol ... ( read original story ...)
WORLDREMIT LAUNCHES ONLINE MONEY TRANSFERS IN JAPAN
Customers in Japan will now be able to send money to family and friends worldwide, using a mobile phone, tablet or computer – cutting out the need to travel to agent locations or bank branches during business hours. Bringing the offline remittance ... ( read original story ...)
Saudi Aramco IPO Under Pressure, As 9/11 Lawsuits And Oil Prices Hit
Saudi Aramco’s IPO future looks a bit more bleak than was expected ... decide not to list it on NYSE but choose major listings in London (LSE), Hong Kong or Tokyo. Such a decision could be another major slap in the face to Trump, as part of his ongoing ... ( read original story ...)