The selection process has likely already gotten into full swing. This month, Aramco's IPO team visited Japan, where it apparently heard such pro-TSE arguments as the depth of the market's retail investor base. Meanwhile, in China, government funds and ... ( read original story ...)
Japan Post considers multi-billion dollar Toll Group writedown
Those failings, say brokers, have been reflected in Japan Post Holdings’ share price — trading 6 per cent below its IPO price of ¥1,400 per share. The 2015 IPO was the first of an estimated three tranches of government sales of shares in Japan Post ... ( read original story ...)
Ghostly Tokyo: the vengeful spirits who haunt the city, and where to go to feel their wrath
Central Tokyo’s Otemachi financial district is a forest of towers that sits on some of the world’s most valuable real estate, so it’s a surprise to come across a plot inhabited by no more than a few maples, some neat topiary and a small stele atop a ... ( read original story ...)
US objects to Japan's state-mandated drug prices
TOKYO -- The U.S. demanded this week that Japan reassess its system of government-set drug prices, complaining about price cuts often forced on new expensive drugs, a sign that Washington is prepared to intercede on behalf of specific American industries. ( read original story ...)
Japan pushing to preserve agreed-on TPP framework
TOKYO -- In moving ahead with the Trans-Pacific Partnership without the U.S., Japan will urge other member nations to stick with the tariff and commerce agreements reached under the previous 12-nation framework to avoid tricky renegotiation. The Japanese ... ( read original story ...)
Nikkei rises as strong yen trend pauses; mining stocks underperform
Japanese stocks rose on Thursday morning as the yen’s strong trend paused and the country’s strong trade data lifted sentiment, but mining shares underperformed on the back of a steep decline oil prices. The Nikkei 225 share average rose 0.3 percent to ... ( read original story ...)
China's Aramco pitch puts pressure on Tokyo's bid
Riyadh is sensibly engaging with everyone. King Salman visited both China and Japan in March to talk up Aramco. Japan is still a contender; a Breakingviews analysis of market characteristics puts Tokyo in second place behind New York as a foreign venue for ... ( read original story ...)
Nikkei up for 4th straight session, leading Asian market recovery
Price increases for the currency and U.S. bonds often hinder Japan stocks. Japan’s Nikkei NIK, +0.31% rose 0.4%, setting the stage for its fourth straight gain. Japan’s exports rose more than expected in March at 12%, helping the rise. ( read original story ...)
Japan to scrap 5 more nuclear reactors
TOKYO -- Five nuclear reactors in Japan were approved for decommissioning on Wednesday, pushing utilities and other companies to join hands to tackle both the great business opportunities and daunting technical problems involved with the process. ( read original story ...)
Japan's Unicharm fires up third Saudi diaper factory
TOKYO -- Japanese diaper maker Unicharm took a major step toward developing the Middle Eastern market by opening its third plant in Saudi Arabia. The new factory, next to another manufacturing center in Riyadh, apparently cost a few billion yen (1 billion ... ( read original story ...)
Japan's Aso pushes back against U.S. pressure for bilateral trade deal
TAX HIKE UNDER WAY On domestic policy, Aso, who is also Japan's finance minister, said budding signs of recovery in the economy and private consumption are paving the way for Japan to proceed with a twice-delayed sales tax hike now scheduled for October 2019. ( read original story ...)
Exclusive: China gathers state-led consortium for Aramco IPO – sources
"The IPO will help decide whom, or which country ... Other mooted Asian options include Tokyo and Singapore. "The Saudis are serious about Asia. They can maintain market share there. At the end of the day, Aramco needs to sell its oil. ( read original story ...)
Dior takes to rooftop with new looks to launch Tokyo store
TOKYO (Reuters) - Christian Dior launched its new Tokyo store with a fashion show in the rooftop gardens of a luxury mall, where models sported new looks from its creative director Maria Grazia Chiuri. Underlining Dior's connection with Japan, which is an ... ( read original story ...)
Tokyo beckons foreign entrepreneurs for financial hub dream
TOKYO -- Drawing in more entrepreneurs from abroad will form a key part of Tokyo Gov. Yuriko Koike's vision of turning the city into a global financial center. Koike wants to take advantage of the central government's special economic zone program ... ( read original story ...)
Market Scramble: IPOs become bastion for bearish retail investors
TOKYO -- Retail investors here are fleeing their traditional ... according to information website IPO Japan. These strong performers include Temona, an information technology support company that listed April 6 and achieved more than triple its offer ... ( read original story ...)
Japan's farm sector in US crosshairs
WASHINGTON -- Opening up the Japanese market to U.S. agricultural exports will likely be a subject of heated discussion as talks progress from bilateral economic discussions that opened Tuesday. The White House under President Donald Trump has favored ... ( read original story ...)