DIARY-Top Economic Events to Aug 10

TOKYO - Bank of Japan starts its two-day monetary policy meeting (to June 16). BERN - Swiss National Bank to publish its Financial Stability Report 2017 – 0430 GMT. BRUSSELS - Eurozone Finance Ministers meet in Brussels. FRIDAY, JUNE 16 DALLAS ... ( read original story ...)

Maynilad inks P10.8-B loan deal with JICA, 3 Japan banks

Joining JICA in the loan agreement are three private Japanese banks: The Bank of Tokyo-Mitsubishi UFJ (BTMU), Mizuho Bank Ltd. (Mizuho), and Sumitomo Mitsui Banking Corporation (SMBC). The loan will be comprised of three facilities: (1) JPY facility and (2 ... ( read original story ...)

Kiwis prefer smartphone over bank branch

The Netherlands came in second at 79 per cent, while in the US and Japan, online banking was comparatively lower at 58 per cent and 57 per cent respectively. Visiting a branch was the third most preferred way to bank in Australia, Brazil, the Netherlands ... ( read original story ...)

Bank of Japan updates on bond buying

The Bank of Japan plans to keep its bond buying activity at unchanged levels in June. The central bank is expected to accumulate ¥7.85T of notes next month based on the purchase ranges of various maturity dates. The BOJ lowered its projection for Treasury ... ( read original story ...)

Tokyo plots course to become global financial hub

TOKYO -- Tokyo Gov. Yuriko Koike is determined to make the Japanese capital a "global financial city." According to a blueprint obtained by the Nikkei, the plan is to slash taxes and dismantle regulatory hurdles, aiming to draw in 40 foreign fintech or ... ( read original story ...)

Tokyo plots to steal HK, Singapore financial crowns

TOKYO -- Tokyo Gov. Yuriko Koike is determined to make the Japanese capital a "global financial city." According to a blueprint obtained by the Nikkei, the plan is to slash taxes and dismantle regulatory hurdles, aiming to draw in 40 foreign fintech or ... ( read original story ...)

Japan to require regional banks to contain bond-holding risk

With their margins squeezed by the Bank of Japan's negative interest rate policy, regional banks have stepped up investment on assets vulnerable to interest-rate risk, such as foreign bonds. Under the rule, from the fiscal year ending in March 2019 ... ( read original story ...)

The Saudi Aramco IPO is a game-changer for the Saudi economy

surpassing Alibaba’s $25 billion IPO in 2014. Several exchanges are competing for the honor, including those in London, Hong Kong, Tokyo, and New York. The London Stock Exchange (LSE) generally requires at least 25 percent of a firm’s shares to be ... ( read original story ...)

Tokyo envisions bright future as world financial hub

TOKYO -- Tokyo's road map for becoming a global financial hub would slash taxes and dismantle regulatory hurdles, aiming to draw in 40 foreign companies by fiscal 2020 and support the national economy for years to come. Gov. Yuriko Koike will present ... ( read original story ...)

PM assures support for Japanese enterprises

As Japan’s major economic and industrial region, Kansai is home to 10 prefectures including three big cities of Osaka, Kyoto and Kobe with strength in manufacturing industry. The Kansai economic region is worth nearly 931 billion USD, focusing on garment ... ( read original story ...)

Nikkei edges up, but caution prevails ahead of global events

TOKYO, June 8 Japan's Nikkei share average hovered in positive terrain on Thursday, with the yen moving away from recent highs and Wall Street edging up, but market participants were on guard ahead of key events. The Nikkei was up 0.1 percent at 19,993.97 ... ( read original story ...)