TOKYO -- Japan's goal of reaching a primary budget surplus, a measure that excludes debt service costs, is new expected to recede to fiscal 2027 as Shinzo Abe's government seeks to divert tax revenue meant to reduce borrowing to social programs. ( read original story ...)
Saudi bourse ‘taking all measures’ for successful Aramco IPO
The IPO of the world’s largest oil exporter has drawn interest from international stock exchanges in New York, London, Hong Kong, Singapore, Tokyo and Toronto and even spurred US President Donald Trump and UK Prime Minister Theresa May to lobby for the ... ( read original story ...)
China, Japan Criticize Canada’s Bid to Play North Korea Mediator
Japan, South Korea, India and Sweden are among those invited. China and Russia -- who supported the North Korea side during the war -- were not. Meanwhile, a Japanese foreign ministry official questioned the need for including countries as distant as ... ( read original story ...)
Irasshaimase* Japan! W Hotels Scheduled To Debut In Osaka In 2021
"In 2020, Japan will capture the global spotlight ... the availability of capital to finance hotel growth and refurbishment; and other risk factors that the company identifies in its most recent quarterly report on Form 10-Q or annual report on Form ... ( read original story ...)
Weak earnings push Japanese regional banks toward crisis
TOKYO -- Japan's regional banks are under increasing scrutiny from the country's regulators as their earnings deteriorate due to the Bank of Japan's negative interest-rate policy and a declining population, even while local economic activity starts to pick up. ( read original story ...)
Aramco is said to seek $2bn from Japan’s export agency
Japanese lenders are jostling for position to arrange the loan as a way of getting closer to Aramco and potentially win a role in the IPO, two of the people said. Spokesmen at Aramco and the JBIC declined to comment. The UK government agreed to a $2 ... ( read original story ...)
Nikkei pauses after sharp gains; financial stocks rise
Index-heavy stocks such as chip equipment maker Tokyo Electron tumbled 1.7 per cent. TOKYO: Japan's Nikkei share average took a breather on Wednesday after sharp gains, with some index-heavy stocks losing ground after the index hit a 26-year high in the ... ( read original story ...)
Report: South Korea Eyes Joint Crypto Regulations With China, Japan
Finance regulators in South Korea are reportedly looking to cooperate with authorities in China and Japan on new rules for cryptocurrency trading. A Jan. 8 report by Yonhap News states that representatives from the Korean Financial Services Commission (FSC ... ( read original story ...)
Investors fear after Japan move the last of the global market ‘punch bowls’ are being taken away
The Bank of Japan is seen as the last grown-up in the room actively filling the global liquidity punch bowl with both hands. That's why a slight tweak to its bond buying program caused a flurry across financial markets Tuesday, sparking speculation it was ... ( read original story ...)
ORIX Corporation Japan injects additional USD 25 Million into its Indian operations
ORIX Corporation Japan (ORIX), World’s Fourth Largest Consumer Finance Company, Japan’s largest Leasing Company and Japan’s Second Largest Self Drive Company, has injected additional USD 25 Mn (Rs 1600 Mn) in ORIX Auto Infrastructure Services Ltd ... ( read original story ...)
PHL-Japan ties emerge stronger under PRRD’s foreign policy rebalancing
The Department of Finance (DOF) said that aid, concessional financing, and investment pledges made by Japan after its Prime Minister, Shinzo Abe met with President Duterte in 2016 have progressed into agreements; several of them to help fund the government ... ( read original story ...)
Japan finance minister Aso remarks on the sales tax hike, budget, and more
The sales tax needs to be raised for fiscal consolidation But if the economy is not strong the hike can not proceed Will put together a new primary balance goal next summer Aso knows that the latest indications on the economy are quite positive, so he'll ... ( read original story ...)
Japan finance minister Aso is bullish on wages
Japanese authorities have been wanting wages to rise for years now - the thinking is that this will spur spending and (for the Bank of Japan goal) also inflation. So Aso may be seeing what he wants to see. Or maybe not. If he is right it will be read as ... ( read original ...
Japan’s first nationwide survey of middle-aged hikikomori in the pipeline
The government has allocated ¥20 million from the fiscal 2018 budget to finance research for Japan’s first nationwide survey on middle-aged hikikomori — people who have shut themselves in their homes. The survey, to take place in fiscal 2018 starting ... ( read original story ...)
Japan pledges $1.26B in grants, soft loans for infra projects
As the Philippines under President Duterte strengthened ties with its neighbors, it secured $1.26 billion in commitments from Japan last year mainly to finance infrastructure projects, the Department of Finance said Thursday. The grants and soft loans ... ( read original story ...)
Japan FinMin Aso is bullish on wages
Reuters reports comments from the Japanese Finance Minister Taro Aso, as he expresses his take on the wage growth outlook. The economy has changed. Labour environment has shifted. Wage environment has changed. Information on these pages contains forward ... ( read original story ...)