A software bug related to IPO auctions resulted in erroneous trades being processed ... dealing in Japanese index futures and individual stocks suddenly bombarded the Osaka bourse with thousands of sell orders for Nikkei 225 futures. The problem arose ... ( read original story ...)
Nikkei rises after yen weakens, but North Korea’s missile launch limits gains
TOKYO, July 4 Japan's Nikkei share average rose on Tuesday as upbeat U.S. data lifted the dollar against the yen, but geopolitical concerns soured sentiment after North Korea launched a missile. North Korea launched the ballistic missile from its western ... ( read original story ...)
Senior Finance Ministry official who defended government in Moritomo scandal given promotion
claimed that the Finance Ministry had already discarded key documents covering negotiations which led to an 86 percent discount for a parcel of government-owned land in Toyonaka, Osaka Prefecture, to Moritomo Gakuen in June 2016. Akie Abe, the wife of the ... ( read original story ...)
Japan to collect part of casino revenue to finance steps against gambling addiction
The government is considering collecting some of the revenue from casino operators mainly to finance measures to help prevent gambling addiction, sources said. The Diet enacted a law to legalize casinos in December amid ongoing public concerns over ... ( read original story ...)
NRF-Japan reappoints FX tsar Asakawa, seeks consistency dealing with U.S.
Japan's top currency diplomat has been appointed for another one-year term in a regular finance ministry reshuffle, underscoring a desire to maintain policy consistency as Tokyo faces potentially tough economic talks with the United States. Masatsugu ... ( read original story ...)
Japanese banking giant Sumitomo Mitsui to open Frankfurt office to avoid Brexit ‘disruption’
Japanese giant Sumitomo Mitsui Financial Group (SMFG) has become the third Japanese firm in less than a fortnight to unveil plans to open a business in Germany that will act as its EU hub following Brexit. The company, which has the headquarters for its ... ( read original story ...)
EU trade commissioner says EPA deal with Japan likely
TOKYO (AP) — Japan and the EU could forge a trade agreement later this week, Cecilia Malmstrom, the European Commissioner for Trade, said Monday. Malmstrom told reporters in Madrid she was hopeful the two sides would resolve remaining differences and ... ( read original story ...)
Tech newcomers help keep Japanese IPOs brisk
Many of these companies list on the Tokyo Stock Exchange's Mothers market. Many in the new IPO crop put a unique tech spin on services. Tsunagu Solutions, which listed last Friday, builds websites to recruit part-time workers. Tabikobo, which debuted in ... ( read original story ...)
Gov’t to buy back land sold to scandal-hit Moritomo Gakuen
A special investigation unit of the Osaka District Public Prosecutors Office is currently probing the shady land deal on suspicion of breach of trust, alleging that employees at the Finance Ministry's Kinki Local Finance Bureau sold the then state-owned ... ( read original story ...)
Can Tokyo become a truly global financial center?
Japan has endeavored to develop its capital, Tokyo, as one of the major global financial centers — circulating domestic capital and capital from abroad and invite foreign financial institutions and firms to establish businesses in Tokyo — for many decades. ( read original story ...)
Toshiba eyes IPO for Swiss power meter unit Landis+Gyr
TOKYO -- Toshiba is thinking about taking Swiss smart meter unit Landis+Gyr public, as the embattled Japanese conglomerate rushes to generate cash for its turnaround. Toshiba on Monday said it may list the unit on the SIX Swiss Exchange by the end of ... ( read original story ...)
Smart meter maker Landis+Gyr plans IPO, sale still an option
ZURICH Swiss smart meter maker Landis+Gyr plans an initial public offering (IPO) in the third quarter as its owner, Japanese conglomerate Toshiba, scrambles to raise funds to cover losses at bankrupt U.S. nuclear unit Westinghouse. Under the plan ... ( read original story ...)
Toshiba Mulls a Swiss IPO for Landis+Gyr by September
Toshiba, slated for demotion to the second board of the Tokyo stock exchange, now has until the end of March 2018 to shore up its balance sheet or face delisting. Why Toshiba Needs Cash Fast and What May Delay It: QuickTake Q&A It bought Landis+Gyr in 2011 ... ( read original story ...)
Toshiba looks to raise money with Landis+Gyr IPO
The Japanese group is also aiming to raise about $20bn from the ... One Zurich-based banker said conditions were ripe for an IPO of Landis+Gyr because Swiss investors were “sitting on piles of cash” after the delistings of Syngenta, the agribusiness ... ( read original story ...)
Japan reports factory output, unemployment rose in May
People walk on a pedestrian crossing in Tokyo, Friday, June 30, 2017. Japan's factory output rose in May from a year earlier and the number of jobs per job seekers climbed to a 43-year high, reflecting labor shortages as the economy gains momentum thanks ... ( read original story ...)
Japan’s SMFG, preparing for Brexit, to make Frankfurt EU base: Nikkei
TOKYO Japanese lender Sumitomo Mitsui Financial Group Inc (8316.T) will make Frankfurt its new European headquarters as it prepares for Britain's exit from the European Union in 2019, the Nikkei business daily reported on Saturday. SMFG, Japan's third ... ( read original story ...)