Says its stock will begin trading on the Tokyo Stock Exchange (TSE) Mothers on March 30, 2018, under the symbol “7320” * In its initial public offering, the company will offer a total of 160,500 common shares, comprised of newly issued 110,000 shares ... ( read original story ...)
Japanese megabanks team up on mobile payments
TOKYO -- Japan's three megabanks are working together to standardize a smartphone payment system using QR codes, aiming to promote cashless transactions already widespread in China and elsewhere. Development costs are estimated to reach into the billions ... ( read original story ...)
Japan’s Finance Watchdog Eyeing ICO Regulation, Says Report
Japan's financial regulator is mulling the creation of a regulatory framework for companies raising funds through initial coin offerings, a report indicates. According to Sankei Shimbun, the Financial Service Agency is considering the revision of relevant ... ( read original story ...)
Japan’s financial regulation shake-up seen as a game changer for banks
The Financial Services Agency is laying the groundwork for a regulatory overhaul that could lead to a shake-up in Japan’s ¥1 quadrillion banking industry. The agency is examining how to change the legal framework so that all providers of financial ... ( read original story ...)
Deutsche Bank to bolster balance sheet with funds IPO
The IPO would likely take place in the week of March 19 ... asset management and wants to improve its distribution network and expand in countries such as Japan, South Korea, Taiwan and Singapore. DWS had 3,800 staff managing €700-billion worldwide ... ( read original story ...)
Japan’s Chubu Elec, Osaka Gas see no major impact from PNG LNG plant shutdown
Japan's Osaka Gas sees no major impact on LNG procurement from the shutdown of ExxonMobil Corp's liquefied natural gas (LNG) plant in Papua New Guinea following a powerful earthquake in the country's remote highlands, company president Takehiro Honjo said ... ( read original story ...)
Japan’s cosmetics exports hit fifth straight annual record
TOKYO -- Japan's cosmetics exports jumped 39% to 371.5 billion yen ($3.48 billion) in 2017, marking a fifth straight record year, as inbound tourism creates new devotees who continue to use the products long after returning home. The Nikkei compiled the ... ( read original story ...)
Japan’s moms stay in work in record numbers
TOKYO -- More Japanese women are staying in work after childbirth as government policy to keep young mothers in the workforce begins to pay off. A tight labor market due to the shrinking population and the ongoing economic recovery are also factors ... ( read original story ...)
Strong yen emerges as threat for 2018 Japanese corporate earnings
TOKYO -- A rising yen threatens to depress annual profit growth at export-driven Japanese companies that close their books ... data compiled by The Nikkei shows. Sales are forecast to grow 5% to 51.19 trillion yen, down from the 11% rise last year. ( read original story ...)
Japan’s tourism-linked shares thrive amid rise in visits
TOKYO -- Investors are piling into Japanese companies that serve international visitors ... Shiseido's shares have surged 19%, and Don Quijote's more than 6%, since Feb. 6, when the Nikkei Stock Average tumbled 1,071 points. The index itself has rallied ... ( read original story ...)
Japan extends Abu Dhabi oil concession for 40 years
TOKYO -- Japan has secured the rights to develop an oil field in Abu Dhabi for an additional 40 years, the Ministry of Economy, Trade and Industry said on Monday. State-owned Abu Dhabi National Oil and Inpex agreed to renew Japan's interests in the field ... ( read original story ...)
Nikkei climbs to near 3-week high on Wall Street rally
Of Tokyo's 33 sub-indexes, 31 gained, with defensive stocks like pharmaceuticals in the lead. TOKYO: Japan's Nikkei share average rose to near three-week highs on Monday, with most sectors advancing as investor confidence continued to improve after Wall ... ( read original story ...)
Tokyo wants to surpass Pyeongchang to be the most high-tech Olympics
The Pyeongchang Winter Olympics has been hailed as the most tech-centric ever, but Tokyo now wants to beat that record in 2020. Masa Takaya, spokesperson for The Tokyo Organising Committee of the Olympic and Paralympic Games, told CNBC on "Squawk Box ... ( read original story ...)
Nikkei leads Asian market gains as yen drops
Asian indexes were higher to start the week after a rally on Wall Street Friday with Japan’s Nikkei Stock Average leading. The Nikkei NIK, +0.82% was up 1% amid a modest drop for the yen from Friday’s Asian levels. Export and drug stocks were among ... ( read original story ...)
Japan venture capital market to stay hot in age of AI
TOKYO -- Japan has a reputation as a difficult place for entrepreneurs to drum up money, yet startups have been striking big fundraising deals in recent years. As a major venture capital player, Jafco is in the thick of the action. The Nikkei spoke with ... ( read original story ...)
Japanese IPOs set for high water mark this year
Japan produced more than 100 IPOs annually through the early ... Among startup-heavy indexes, the Nikkei Jasdaq Stock Average marked an all-time high on Jan. 26. Although the blue chip Nikkei Stock Average has sunk 4% year to date, the Nikkei Jasdaq ... ( read original story ...)