Winning over Japan’s bureaucracy hasn’t been easy. It took MUFG two years to convince 450 local governments to begin processing tax payments electronically, said Takayuki Ogura, a director at the grou... ( read original story ...)
Asian stocks spooked as European Central Bank sounds growth alarm
Asian stocks shuddered lower on Friday after the European Central Bank slashed its growth forecasts and surprised ... while the dollar climbed on the yuan. Japan’s Nikkei dropped 1.6 per cent and Aust... ( read original story ...)
Japan has the biggest Central Bank Bubble
Japan's economy was a huge success story in the past, and today the country is wealthy, healthy, and the aging population continues to reap the benefits of such hard work and prosperity. However, in r... ( read original story ...)
Nikkei tumbles to 3-week low on worries about EU economic growth
TOKYO, March 8 (Reuters) - Japan’s Nikkei dropped to three-week lows on Friday morning on fresh concern about the growth after the European Central Bank decided to delay its first post-crisis interest ... ( read original story ...)
Japan is the No. 1 investor in US, Abe told Trump
TOKYO -- In an attempt to get U.S. President Donald Trump to ease up on Japan's trade surplus, Prime Minister Shinzo Abe made an elaborate presentation last year mapping out new American ... ( read original story ...)
Japan: Nikkei extends losses on growth worries
S. jobs report on Friday will provide the next clues on the health of global growth after ECB President Mario Draghi delivered fresh stimulus as he downgraded the outlook for the region's economy. The ... ( read original story ...)
Japan January machinery orders seen falling, BOJ to keep policy unchanged: Reuters poll
TOKYO (Reuters) - Japan’s core machinery orders likely fell for a third straight month in January, in another sign the economy may be faltering on global trade friction, a Reuters poll showed on Frida... ( read original story ...)
Fitting Hub right fit for Japanese banking on blockchain
The consortium is called Fitting Hub (FTH) and involves Aomori Bank, Bank of Iwate, Akita Bank, the Bank of Yokohama, and Yamanashi Chuo Bank. Precise details are tricky to work out as FTH shares info... ( read original story ...)
Saudi Oil Minister: Aramco IPO On Track For 2021
Apparently, with or without the Aramco IPO, the company is looking to expand ... “If I have investors from New York or London or Tokyo that are investing in Saudi Aramco they want Saudi Aramco ... ( read original story ...)
Breakingviews – Mizuho’s harsh medicine gives taste of Japan ills
HONG KONG (Reuters Breakingviews) - Mizuho’s harsh medicine gives investors a taste of Japanese banking ills. The country’s second-biggest lender by assets took a $6 billion hit and slashed its annual ... ( read original story ...)
Japanese Banks Unite to Launch DLT Finance Platform Services
Five Japanese banks are set to launch the first services of their blockchain-based financial infrastructure platform Bank of Iwate, Bank of Yokohama, Aomori Bank, Akita Bank and Yamanashi Chuo ... ( read original story ...)
One of Japan’s biggest banks is launching a digital “coin” to replace cash—without using crypto
That conflicts with numerous reports going back as far as 2017 suggesting that the bank was researching or planning a digital currency pegged to the Japanese yen (paywall). Perhaps some confusion ... ( read original story ...)
Mizuho to book $6bn charge on pivot from physical banking
Japan's third-largest banking group on Wednesday said it will book a special charge of 680 billion yen ($6.1 billion) to write down the value of retail assets, such as physical branches ... ( read original story ...)
Levi Strauss files for New York IPO after 35-year absence from public markets
The final size of the IPO could be different. The San Francisco ... Levi Strauss K.K, is publicly traded in Tokyo. In its latest report, the U.S. apparel company said sales rose nearly 9 per cent to U... ( read original story ...)
Japan’s Nikkei hits 1-week low as chipmakers and banks retreat
TOKYO, March 7 (Reuters) - Japan’s Nikkei hit a one-week low on Thursday, with chip-related stocks tracking a decline in their U.S. peers and banks retreating after Mizuho Financial Group slashed its ... ( read original story ...)
Nikkei slides to week low dragged by chip-related firms, Renesas dives
TOKYO, March 7 (Reuters) - Japan’s Nikkei slid to a one-week low on Thursday morning with chip-related stocks leading the decline in step with U.S. counterparts, while Mizuho Financial Group underperf... ( read original story ...)