Line (LN) pulled off the biggest tech IPO of last year, raising $1.3 billion from selling shares that soared when they started trading on markets in New York and in Tokyo. Fast forward to the start of 2017 and things aren't looking so pretty. Line shares ... ( read original story ...)
10 Largest IPO Valuations in History
You can also find which the 20 biggest IPOs in US history were. Most of the largest IPO valuations in history in our list consist of Japanese, Chinese and American names only. This makes sense as these countries are the three biggest economies in the world ... ( read original story ...)
Philanthropist pledges $1M to Nikkei museum
The $1 million will go towards expanding the Burnaby-based Nikkei National Museum and Cultural Centre, ensuring that Japanese culture, history, arts and exhibits continue to be promoted, according to a press release. “She’s always been a strong ... ( read original story ...)
Japanese restaurants feed food banks
Edo Japan, which operates a chain of Japanese teppan-style food court kiosks and restaurants has raised $15,199.87 for the Calgary Food Bank through its annual year-end campaign. The Edo a Little, Help a Lot effort collected $64, 311.79 nationally for food ... ( read original story ...)
Japan's central bank isn't sweating 'hidden' bond losses
TOKYO -- The Bank of Japan's unrealized losses on negative-yielding government bonds have exceeded 10 trillion yen ($88.1 billion), but officials say there is nothing to fear, now that long-term interest rates are back above zero. The negative interest ... ( read original story ...)
Japan's Line swings to full-year profit on higher ad revenue
Line, Japan's most popular instant messaging service which went public in the world's biggest tech IPO of 2016, posted a net profit of 7.56 billion yen ($66.49 million) for the year ended Dec. 31, compared to a loss of 7.58 billion yen in the previous year. ( read original story ...)
Bank-related funds may invest in ailing Toshiba’s flash memory unit
The funds include UDS Mezzanine Fund, established by Sumitomo Mitsui Banking Corp. and the state-owned Development Bank of Japan, and Blue Partners Fund, launched by Mizuho Bank and the DBJ. Toshiba said last month it may book an asset impairment loss of ... ( read original story ...)
BANK OF JAPAN : Japan's key bond yield rises after BOJ fails to buy
The yield on the benchmark 10-year Japanese government bond ended higher Wednesday on selling as the Bank of Japan failed to buy any mid-term bonds, triggering speculation that the central bank will taper its massive monetary easing. The yield on the No ... ( read original story ...)
Bank of Japan to Host Distributed Ledger Forum Next Month
Japan’s central bank is set to host an event focused on distributed ledger tech next month. The invite-only event, scheduled for 28th February, will be hosted at the Bank of Japan’s FinTech Center, founded last year as part of the institution’s push ... ( read original story ...)
ING powers the way into solar energy in Japan
This was one of the first Japanese solar projects arranged by ING Asia. The bank acted as mandated lead arranger, interest rate swap arranger, facility and security agent and account bank. “We can build on this experience and best practice to finance ... ( read original story ...)
Deutsche Bank USD/JPY Forecast To Rise To 120-125
In the latest research report from Deutsche Bank, the bank states in no uncertain terms that they expect a stronger US dollar vs Japanese yen through the end of 2017 and throughout 2018. In the report, seen by exchangerates.org.uk, the German bank set the ... ( read original story ...)
Bank of Japan’s third FinTech Forum to focus on blockchain technology
The Bank of Japan is going to host its third Fintech Forum on 28 February 2017, which will focus on blockchain or distributed ledger technology. Hosted by the BoJ’s Fintech Center, the invite-only event will feature fintech and blockchain experts as ... ( read original story ...)
Japan exports up for first time in 15 months, U.S. protectionism poses risks
The trade data should be welcome news for the Bank of Japan, which is seen maintaining an upbeat view on the world's third largest economy at a policy review next week on prospects of improving global growth. However, worries about protectionism under U.S ... ( read original story ...)
DIARY-Top Economic Events to Feb. 28
KOCHI, Japan - Bank of Japan Deputy Governor Hiroshi Nakaso to meet with business leaders. WELLINGTON - Reserve Bank of New Zealand monetary policy statement and official cash rate (OCR). CHICAGO - Chicago Fed President Charles Evans speaks on the economic ... ( read original story ...)
Nikkei rises, catching tailwind from Wall Street; Takata bounces
TOKYO Jan 25 Japan's Nikkei share average rose on Wednesday, getting a lift from record finishes on Wall Street on hopes the new U.S. administration will push up growth through a spending boost. The S&P 500 and the Nasdaq Composite set record highs on ... ( read original story ...)
JAPAN: Nikkei corrects another -0.6%, almost signaling immediate-term TRADE oversold @Hedgeye within a bullish TREND
06:57a Asian stocks mixed, still Trump worrying as Tues bows out. ASX did OK as base.. 06:12a Asian Equities Update: Nikkei 18,996.37 (+1.23%), Hang Seng 22,972.49 (+0.32%.. 04:00a Asian Equities Update: NIKKEI 18877.71 (-0.07%), HANG SENG 22965.95 (+0.29%),. ( read original story ...)