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 ...)
Nintendo and Universal Studios break ground on Super Nintendo World theme park in Osaka, Japan
Nintendo Co. Ltd. and partner Universal Studios Japan Co. Ltd. took a big step this week in the journey toward the long-awaited Nintendo theme park, Super Nintendo World, by breaking ground on a site in Osaka, Japan. Wearing red Mario hats and white gloves ... ( 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 ...)
Japan to require regional banks to contain bond-holding risk: Nikkei
The new regulation, to be introduced from the fiscal year ending in March 2019, will target Japan's 95 banks that do not hold overseas operations, including Aozora Bank (8304.T), Shinsei Bank (8303.T) and Resona bank (8308.T), the paper said. With their ... ( read original story ...)
Markets & Finance News
TOKYO Asian shares wobbled on Thursday as investors braced for any surprises from the UK elections, the European Central Bank's policy meeting and congressional testimony from ex-FBI director James Comey who was fired by President Donald Trump last month. ( read original story ...)
Noodle major Nissin to enter Chinese potato chip market
Osaka-based Nissin has earmarked Greater China as being central ... cup noodle recently announced plans to spin off its China and Hong Kong businesses in an IPO expected to raise some US$200m to fund more partnerships and acquisitions. ( read original story ...)
Impinj’s (PI) CEO Chris Diorio on Q1 2017 Results – Earnings Call Transcript
In Japan, 7-11 and four other convenience stores, which together sell 100 billion items a year plan to introduce self-checkout registers to read RAIN-tagged items in a basket with Lawson [ph] already piloting the registers in Osaka. H&M, in their full-year ... ( read original story ...)
Reliance Nippon Life Asset Management says plans IPO in 2017/18
The company's two owners, Reliance Capital Ltd and Japan's Nippon Life Insurance, will participate in the IPO, he added. Sikka declined to give further details but said the company would immediately start the process of hiring banks to manage the IPO. ( read original story ...)
India’s Reliance Nippon Life Asset Management says plans IPO in 2017/18
The company's two owners, Reliance Capital Ltd and Japan's Nippon Life Insurance, will participate in the IPO, he added. Sikka declined to give further details but said the company would immediately start the process of hiring banks to manage the IPO. ( read original story ...)
SGX-IMDA tie-up is important first step, but will not fix tech-IPO drought
Tokyo and Hong Kong. Last week, the SGX and Infocomm Infocomm Media Development Authority inked a Memorandum of Intent (MOI) to try to fix this problem. The agreement aims to lower the barrier-to-entry for tech companies, facilitate pre-IPO funding and ... ( read original story ...)
Vietnamese banks drawing closer to Japanese partners
One of the first Japanese companies investing in the Vietnamese banking industry was Mizuho Financial Group, which entered in the domestic market in 2012. Currently, Mizuho’s initial investment of $570 million has doubled in value. At a recent meeting ... ( read original story ...)
Japan Display considers deeper restructuring, seeks more funding: Nikkei
TOKYO Japan Display Inc is considering deeper restructuring than first planned and has asked a state-backed fund for help after losing business with Apple Inc due to its late entry into OLED technology, the Nikkei business daily reported. Shares in the ... ( read original story ...)
Nikkei falls as British election, ECB put markets on edge, financials weak
TOKYO, June 7 Japan's Nikkei share average fell on Wednesday morning as investors continued to shun riskier assets ahead of potentially market moving global events this week. The Nikkei dropped 0.2 percent to 19,931.43 points by midmorning. It hit a near ... ( read original story ...)
Japan, China take uneasy step toward warmer ties
TOKYO -- Relations between Japan and China are finally showing signs of thawing after a long winter, with talk of possible summits next year and Japanese Prime Minister Shinzo Abe offering cooperation on Beijing's Belt and Road Initiative. "When State ... ( read original story ...)
Japan to promote direct Asian currency exchanges
TOKYO -- Japan's Ministry of Finance seeks to create a market enabling direct exchanges of the yen and other Asian currencies without using the dollar as an intermediary, an idea that could reduce funding costs for financial institutions and businesses. ( read original story ...)