Saudi officials have said the IPO, planned for 2018, will be worth about $100 billion ... New York, London, Hong Kong, Singapore, Tokyo and Toronto are all seeking pieces of the offering, with Hong Kong currently the frontrunner among bourses in Asia ... ( read original story ...)
Advice for Japan's dangerously complacent millennials
While Japan has taken a lead in developing cutting-edge technologies, its workers are in a particularly dangerous position. A study by The Nikkei and the Financial Times based on data collected by McKinsey Global Institute indicates that the country has ... ( read original story ...)
BOJ’s Kuroda says rejecting globalization inconsistent with reality
Bank of Japan Governor Haruhiko Kuroda gave a spirited defence of multilateralism on Tuesday, saying that questioning the value of globalization along the lines of U.S. President Donald Trump was at odds with 21st century reality. Kuroda said solely ... ( read original story ...)
Japan's top bank regulator warns of over-reliance on monetary policy
TOKYO May 9 Policymakers must seek ways to put the wall of money printed by central banks to better use to foster growth, such as prompting financial institutions to lend more to innovative industries with potential, Japan's top financial regulator said on ... ( read original story ...)
Mitsubishi UFJ: The Quintessential Megabank At A Good Price… For Now
Mitsubishi UFJ is the biggest Japanese retail and corporate bank with an important international corporate banking organization particularly strong in East Asia and the US. In terms of price earnings, Mitsubishi, as the rest of Japanese banks, is ... ( read original story ...)
Japan’s Largest Bank Issues Digital Currency to Employees Ahead of Commercial Rollout
The Mitsubishi UFJ Financial Group’s (MUFG) Bank of Tokyo-Mitsubishi UFJ, Japan’s largest bank, has reportedly begun issuing MUFG coin, its own digital currency to its employees this month. Japan’s biggest banking corporation is on its way to ... ( read original story ...)
BRIEF-Moody's says Bank of Japan emerging as main source of affordable funding for government
* Bank of Japan emerging as main source of affordable funding for government * Structural factors weighing on net savings rates will constrain private sector's capacity to fund new government debt in future * Share of its government bond market will ... ( read original story ...)
Thai central bank chief welcomes proposal to reduce US dollar transactions
YOKOHAMA -- Thailand's central bank chief said Saturday he welcomed moves to wean Southeast Asia off its reliance on the U.S. dollar, as Japanese representatives put forward a bilateral currency swap proposal on the sidelines of the Asian Development Bank ... ( read original story ...)
Bank of Japan's Iwata says conducting simulation on exit strategy from stimulus
TOKYO Bank of Japan Deputy Governor Kikuo Iwata said on Tuesday the central bank was conducting a study of how it could end its massive monetary stimulus in the future, but acknowledged it was still far from achieving its inflation target. Iwata, speaking ... ( read original story ...)
My Kuroda! Japan Real Wage Growth Goes Negative (Along with Inflation Growth)
According to CNBC, Bank of Japan Governor Haruhiko Kuroda explained that he is seeing shifts in the country’s labor market, and that could augur good things for the Japanese economy. I certainly hope so, for the sake of workers in Japan. Because the ... ( read original story ...)
Japan's Nikkei loses momentum after strong rally, Sony climbs
TOKYO, May 9 Japanese equities dipped on Tuesday as the market ran out of puff after rallying to a 17-month high the previous day, though it was supported well by a confluence of factors like the significantly weaker yen. The Nikkei share average edged ... ( read original story ...)
Japan prepares Korean Peninsula crisis plan
Japan cannot afford to sit on the sidelines. If North Korea continues provoking tensions on the Korean Peninsula, the Japanese government will face the daunting task of evacuating nearly 60,000 of its citizens currently in South Korea. Some 38,000 Japanese ... ( read original story ...)
Nikkei hits 17-month high after Macron wins French presidency
TOKYO, May 8 Japan's Nikkei share average hit a level not seen in nearly 17 months on Monday morning as the yen stayed weak after Emmanuel Macron was elected president of France, as a business-friendly vision of European integration helped boost investor ... ( read original story ...)
Nikkei, other Asian markets surge after Macron’s victory
Japan’s Nikkei Stock Average NIK, +1.81% rose 1.8% in early trade to its highest level since mid-December. The index was also playing catch-up with other markets in the region, having been shut since Wednesday for public holidays. The Topix bank ... ( read original story ...)
Recording of ex-Moritomo Gakuen chief and Finance Ministry bureaucrats believed real
The site of an elementary school Moritomo Gakuen had planned to open in April 2017 is seen in Toyonaka, Osaka Prefecture. (Mainichi) A Finance Ministry senior official acknowledged on May 8 that an audio recording from 2016 of a meeting between Yasunori ... ( read original story ...)
Japan bolsters evacuation plans as missile threat grows
TOKYO -- North Korea's increased aggression has spurred Japan to begin revamping outdated evacuation measures against possible missile attacks. Though questions remain concerning these procedures, the steps being taken are welcome indeed. It was only in ... ( read original story ...)