Finance Minister Taro Aso announced a merger of party factions ... just a day after the LDP suffered a bruising defeat in a Tokyo assembly election that has presented Abe with one of his biggest tests since he took office in late 2012. ( read original story ...)
Japan NIKKEI 225 Fell Midday View on Friday July 7
FOREX INVESTOS NIKKEI 225 Fell Midday NIKKEI 225 decreased 65 points or 0.32% to 19929 on Friday July 7 from 19994 in the previous trading session. Historically, the Japan NIKKEI 225 Stock Market Index reached an all time high of 38915.87 in December of ... ( read original story ...)
Japanese port city serves bonito ‘shockingly’ fresh
KOCHI, Japan -- Fresh fish is not exactly hard to find in Japan. But as far as veteran chef Fujio Nakahira is concerned, when you're making a common bonito dish called tataki, only the freshest of the fresh will do. For that, he advises, the western island ... ( read original story ...)
Nikkei drops to 3-week low after ECB minutes, but BOJ move taken in stride
TOKYO, July 7 Japan's Nikkei share average dropped to a three-week low on Friday after global shares tumbled, although investors quickly took in stride the Bank Of Japan's decision to raise its purchases of government bonds in its market operations. ( read original story ...)
Bank of Japan offers to buy unlimited amount of bonds to calm markets
TOKYO The Bank of Japan offered to buy an unlimited amount of JGBs on Friday, as it sought to put a lid on domestic interest rates pushed higher by the broad sell-off in developed market bonds. Its aggressive bond buying operations sent most Japanese ... ( read original story ...)
Japan’s MUFG to leverage Morgan Stanley expertise in wealth management foray
HONG KONG, July 7 Mitsubishi UFJ Financial Group Inc (MUFG) aims to tap into the expertise of partner Morgan Stanley and expand into wealth management, as Japan's biggest bank looks for new sources of revenue, its chief financial officer said on Friday. ( read original story ...)
Bank of Japan Punches Down Bond Yields
TOKYO—Japan’s central bank stepped in to tame a rise in government-bond yields on Friday, signaling its determination to stick to its current policy mix, even as the recent selloff in global bond markets intensifies. The Bank of Japan’s increased ... ( read original story ...)
MUFG leads Japan megabanks’ charge into SE Asia
With the January 2015 merger of BTMU's Bankgkok branch with Bank of Ayudhya, the Thai unit has come to handle all of MUFG's operations in Thailand, including lending to local Japanese-owned companies. The tie-up with Bank of Ayudhya has helped Japan's most ... ( read original story ...)
Dollar gains against yen as Bank of Japan boosts bond buying
The dollar was on track for weekly gains, though investors were unlikely to push the upside significantly as they braced for monthly U.S. employment data later in the global session, following some downbeat jobs figures overnight. The dollar extended gains ... ( read original story ...)
BANK OF JAPAN : Japan’s key bond yield falls after BOJ conducts emergency bond buying
The yield on the benchmark 10-year Japanese government bond ended lower Friday after the Bank of Japan carried out an emergency bond buying operation in an effort to curb long-term yields. The yield on the No. 347, 0.1 percent issue, the main yardstick of ... ( read original story ...)
Japan Shows Europe How to Dial Back Stimulus Without Spooking Investors
But one central bank has been quietly balancing this act since late last year, buying fewer bonds without spooking investors: the Bank of Japan. On Thursday, Germany’s... ( read original story ...)
Mizuho trials Australia-Japan trade transaction on blockchain
Mizuho Financial Group, Mizuho Bank, trading and investment firm Marubeni Corporation, and Sompo Japan Nipponkoa Insurance have completed a trade transaction between Australia and Japan using blockchain. The participants say all trade-related processes ... ( read original story ...)
REFILE-Nikkei recovers from 3-week low after BOJ boosts bond buying
TOKYO, July 7 Japan's Nikkei share average dropped to a three-week low on Friday morning after global shares tumbled, but investors wasted no time trimming losses after the Bank Of Japan raised its purchases of government bonds in its market operations. ( read original story ...)
Japan June services PMI rises to 53.3, highest since August 2015
TOKYO Activity in Japan's services sector accelerated from the previous month to expand at its fastest pace in almost two years, a private survey showed on Wednesday, in a sign that domestic consumption is in a healthy state. The Markit/Nikkei Japan ... ( read original story ...)
Japan 2016/17 corporate tax revenue down in blow to Abenomics
TOKYO Japan's corporate tax revenue fell to 10.3 trillion yen ($90 billion) for the last fiscal year, the lowest since fiscal 2012 when Prime Minister Shinzo Abe swept to power with a pledge to revive the moribund economy, the Ministry of Finance (MOF ... ( read original story ...)
Nikkei skids to near 3-week low as Korean tensions sap confidence
TOKYO, July 5 Japan's Nikkei share average slipped to its lowest level in nearly three weeks on Wednesday amid heightened tensions following North Korea's ballistic missile launch, while automakers managed to extend gains on encouraging sales. The Nikkei ... ( read original story ...)