Corporate Japan tames forex risk, reaps record profits

TOKYO -- Even with the yen gaining significant muscle, combined net profit at Japan's major listed companies is set to soar to a record level for the year ended March 2017. Driving the growth are manufacturers, which have cushioned much of the impact of ... ( read original story ...)

Asian lending bank assesses growing inequality at meeting

The Asian Development Bank is holding its annual meeting in Japan, where bankers and leaders are assessing how they can support growth as income inequality grows in both rich and poor countries. The ADB has worked for a half-century to fight poverty and ... ( read original story ...)

Taking a Toll: How Japan Post's big global bet unraveled

TOKYO/SYDNEY In February 2015, bankers working on Japan's biggest IPO in three decades woke to news that left them shaken. Their client had just closed a multi-billion dollar deal - but had kept them firmly out of the loop. Just months ahead of its listing ... ( read original story ...)

BOJ's Kuroda welcomes expansion of China-led infrastructure bank

YOKOHAMA, Japan Bank of Japan Governor Haruhiko Kuroda welcomed the expansion of China-led Asian Infrastructure Investment Bank as positive for the regional economy and urged multinational lenders to cooperate in meeting fast-growing infrastructure needs ... ( read original story ...)

Nikkei climbs to 6-week high on earnings optimism

TOKYO May 2 Japan's Nikkei share average rose to six-week highs on Tuesday in a holiday-shortened week, getting a lift from robust earnings and gains on Wall Street. The Nikkei was up 0.6 percent in morning trade at 19,434.01. Wall Street climbed on Monday ... ( read original story ...)

Nikkei gains on strong data; Markets in Europe closed

S&P 500 futures were also up 0.1 percent to 2,383.60. Japan's benchmark Nikkei 225 gained 0.6 percent to finish at 19,310.52. Australia's S&P/ASX 200 was up 0.6 percent to 5,956.50. JAPAN MANUFACTURING: The Nikkei purchasing managers index survey of ... ( read original story ...)

DIARY-Top Economic Events to June 23

TUESDAY, MAY 2 ** BERLIN - German Finance Minister Wolfgang Schaueble speaks at the B20 summit – 1215 GMT. TOKYO - Bank of Japan will release the minutes of its March monetary policy meeting. YOKOHAMA, Japan – Bank of Japan Governor Haruhiko Kuroda ... ( read original story ...)

Mizuho 2nd Japanese bank to sign Islamic credit deal with ICD

KUALA LUMPUR (Kyodo) -- Mizuho Bank has become the second Japanese commercial bank to sign a "murabaha" credit facility agreement with Islamic Corporation for the Development of the Private Sector, an arm of the multinational Islamic Development Bank group ... ( read original story ...)

Japan, China to hold bilateral finance dialogue in May: Aso

TOKYO Japan and China will hold a bilateral finance dialogue on May 6 on the sidelines of the annual gathering of the Asian Development Bank in Yokohama, south of Tokyo, Japanese Finance Minister Taro Aso said on Friday. The dialogue will be attended by ... ( read original story ...)