The Japanese megabank's recently installed chief digital innovation officer, Daisuke Yamada, will head the affiliate. Mizuho "is finished studying, and moving on to practical application" of fintech, President Yasuhiro Sato said. The new entity ... ( read original story ...)
Japan panel urges government to impose delayed sales tax hike to balance budget
TOKYO Japan must not delay a sales tax hike scheduled for October 2019 as the revenue is needed to cover bulging social security costs and achieve the target of balancing the budget in four years, an advisory panel to Finance Minister Taro Aso said on ... ( read original story ...)
Japan panel urges governemnt to impose delayed sales tax hike to balance budget
TOKYO Japan must not delay a sales tax hike scheduled for October 2019 as the revenue is needed to cover bulging social security costs and achieve the target of balancing the budget in four years, an advisory panel to Finance Minister Taro Aso said on ... ( read original story ...)
Nikkei edges up after yen softens, SoftBank surges
TOKYO, May 25 Japanese stocks edged up on Thursday as investors bought ... a near two-week high of 8,894 yen and contributed to a hefty 31 positive points to the Nikkei after Bloomberg reported that the company had built a $4 billion stake in Nvidia. ( read original story ...)
Japan’s Nikkei hits 17-mth high on sagging yen, higher Wall Street
TOKYO May 16 Japan's Nikkei share average rose to a 17-month high on Tuesday, drawing support from a sagging yen and Wall Street hitting record highs overnight. The Nikkei was up 0.3 percent at 19,925.20, having come off an early high of 19,998.49, its ... ( read original story ...)
Nikkei, TV Tokyo, TBS, others team on video streaming
Nikkei and TV Tokyo will contribute economic news ... The partners also intend to seek content from other media companies in and outside Japan to enrich the lineup. New technologies such as artificial intelligence may be used to analyze viewing data ... ( read original story ...)
Japan’s Kajima, Obayashi branching out beyond construction
TOKYO -- Armed with growing war chests amid a construction boom, Japan's general contractors are expanding their horizons to ensure growth even after building demand slows following the 2020 Olympics here. Kajima is allocating 20 billion yen ($179 million ... ( read original story ...)
NIKKEI : Japan Inc sees better opportunities beyond China’s ‘Belt and Road’
A vast majority of Japanese companies have no interest to participate in China's sweeping "Belt and Road" initiative, seeing greater business opportunities in other international economic co-operation, a Reuters poll shows. Only 5 percent of 220 ... ( read original story ...)
Japan’s TBS and Nikkei Head Video Platform Launch
Six of the biggest media companies in Japan are to launch a new video platform. It will be specifically targeted at smartphone users. Called Premium Platform Japan, the new venture will launch in July and begin pay-streaming services in April of next year. ( read original story ...)
NIKKEI 225 increased 130 points or 0.66%
It is a price-weighted index. The Nikkei 225 has a base value of 176.21 as of May 16, 1949. This page provides – Japan Stock Market (NIKKEI 225) – actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan NIKKEI 225 ... ( read original story ...)
SPOTLIGHT ON: KIMONO CULTURE
Kimono Culture: The Beauty of Japanese Culture Viewed Through the Lens of Kimono is an ongoing exhibition at the Nikkei National Museum, running until Sept. 3. The exhibit explores the beauty of Japanese culture through the lens of kimono - the traditional ... ( read original story ...)
Nikkei hits 1-wk closing high; exporters, financials gain
TOKYO May 24 Japan's Nikkei share average rose on Wednesday to a one-week closing high helped by exporters after the dollar gained against the yen, while financials outperformed thanks to a rise in U.S. Treasury yields. The Nikkei ended 0.7 percent higher ... ( read original story ...)
Japan manufacturers’ mood slips despite economic recovery – Reuters Tankan
The Reuters' monthly poll - which tracks the Bank of Japan's key quarterly tankan - showed confidence at service-sector firms hit a four-month high, a tentative sign of a pickup in domestic demand. The Reuters Tankan follows data last week that showed the ... ( read original story ...)
Japan’s upper house of parliament approves two government nominees for BOJ board
TOKYO Japan's upper house of parliament approved on Wednesday the two government nominees for the Bank of Japan's policy board, paving the way for the nominations to sail through the lower chamber where the ruling coalition has a comfortable majority. ( read original story ...)
CEO of Bank of Tokyo-Mitsubishi UFJ to step down for health reasons: sources
TOKYO The head of the Bank of Tokyo-Mitsubishi UFJ (BTMU), the core business of Japan's biggest "megabank," has decided to step down for health reasons barely a year into the job, sources told Reuters on Tuesday. President and CEO Takashi Oyamada's ... ( read original story ...)
Shoko Chukin Bank raided over shady loans
Government officials Wednesday raided the offices of Shoko Chukin Bank, a state-linked lender for small and medium-sized firms, over improper loans issued under a state-backed program to help crisis-hit companies. The Financial Services Agency, the ... ( read original story ...)