TOKYO - Japan's central bank has ended its first board meeting of the year with a decision to keep its lax monetary policy and negative benchmark interest rate unchanged. The Bank of Japan upgraded its forecasts for growth, though, citing signs the world's ... ( read original story ...)
Bank of Japan raises economic growth forecasts, keeps policy unchanged
The Bank of Japan raised its economic growth forecasts on Tuesday, but kept its policy stance unchanged, as was widely expected in its latest policy review. The central bank raised its gross domestic product (GDP) forecast to 1.4 percent for the current ... ( read original story ...)
Should You Buy Line Corp. (ADR) Below Its IPO Price?
But that silver lining didn't prevent the stock from slipping below its IPO price of $32.84 ... Line News continues growing -- especially in its four "key countries" of Japan, Taiwan, Thailand, and Indonesia. Line stated that its combined MAUs in those ... ( read original story ...)
Japan, Malaysia and Singapore also see strong demand for new banknotes at Lunar New Year
The Hong Kong Monetary Authority is not the only central bank in the world that needs to cope with the demand for lai see money – its peers in Japan, Malaysia and Singapore also have to print new banknotes for “lucky money”. In Japan consumers can go ... ( read original story ...)
Japan Central Bank to Weigh Unpredictable Factor at Meeting: Trump
TOKYO—At the Bank of Japan, cautious optimism toward U.S. President Donald Trump is giving way to plain caution. Mr. Trump’s election victory initially gave policy makers in Tokyo hope of more-favorable economic conditions after a stimulus pledge ... ( read original story ...)
Japanese trust banks to sue Toshiba over 2015 accounting scandal
The bank is a unit of Mitsubishi UFJ Financial Group ... That is in addition to suits from 15 groups and individuals in Japan that total 15.3 billion yen. The Tokyo Stock Exchange has placed Toshiba on its watch list since September 2015, following ... ( read original story ...)
The Bank of Japan has a ‘Toyota problem’
For Bank of Japan Gov. Haruhiko Kuroda, this week’s BOJ meeting is a go-through-the-motions exercise. He’ll look across the table and get his colleagues’ assessments of inflation and growth before standing pat on the BOJ’s ultra-loose policies. ( read original story ...)
Japan’s Cheap Money Era May Be Ending
The Bank of Japan’s (BOJ’s) war against deflation is far from over, but analysts are hopeful that 2017 may mark a turning point for the world’s third-largest economy. Evidence that two decades of deflation have yet to be fully expunged came Friday ... ( read original story ...)
UPDATE 1-Japan Post not planning to coordinate unit stake sales with gov't -CEO
The holding company would instead wait for the appropriate timing to sell shares in Japan Post Bank Co Ltd and Japan Post Insurance Co Ltd, Nagato said at a news conference. "We would like to sell our holdings in the two subsidiaries down to 50 percent as ... ( read original story ...)
Japan PM says next BOJ head should carry on Kuroda's policy stance
TOKYO Japanese Prime Minister Shinzo Abe said the next central bank governor should be someone who would carry on the policy stance taken by incumbent Haruhiko Kuroda, signaling its ultra-easy monetary policy could be sustained for years to come. ( read original story ...)
Nikkei, other Pacific markets slide as dollar loses ground
Japan's Nikkei slid almost 1% in early trading Monday. President Donald Trump’s executive order on immigration and muted American GDP data have put traders in Asia back into risk-off positions, though many markets in the region are on a holiday break. ( read original story ...)
Tokyo Stock Exchange Selects Juniper Networks for Extensive Trading Platform Upgrade
In addition to having connectivity to the Tokyo Financial Exchange (TFX), the Japan Securities Depository Center (JASDEC) and the Tokyo Commodity Exchange (TOCOM), TSE placed priority on increasing network speed, reliability and scalability, while also ... ( read original story ...)
Bank of Japan seen bullish on GDP after eventful 2016
TOKYO -- The Bank of Japan is poised to upgrade its three-year economic growth outlook in the final days of January in light of strong recent indicators, though stronger inflation forecasts will be a harder sell. The central bank will compile its quarterly ... ( read original story ...)
Nikkei falls on stronger yen; financials tumble on weak U.S. data
TOKYO, Jan 30 Japan's Nikkei share average fell on Monday morning after a stronger yen weakened export sentiment, while financial companies tumbled after data showed the US economy grew at a slower-than-expected pace. The Nikkei dropped 0.8 percent to ... ( read original story ...)
Market Scramble: Tokyo covets spot in Saudi Aramco's global IPO
TOKYO -- The Tokyo Stock Exchange was previously said to be a long shot for being picked as one of the venues for Saudi Aramco's multi-country listing -- but the chances have apparently increased, if slightly. Initial public offerings have been hot in ... ( read original story ...)
Potential IPO for Toshiba chip business
"We have not decided the details, but we believe an IPO is one of the future possibilities," Senior ... which includes the highly risky construction of new plants. As for Japan's nuclear power business, he said it will center around maintenance and ... ( read original story ...)