The Japanese yen weakened against other major currencies in the Asian session on Thursday, after the Bank of Japan downgraded its outlook for inflation. The bank will purchase government bonds so that the yield of 10-year JGBs will remain around zero %. ( read original story ...)
A growing number areStrokeStyle/$ID/Japanese Dots StrokeStyle/$ID/Japanese Dots Banking on Mankato
Eric Peters, president of Wells Federal Bank’s Mankato market, is well aware of the changes and competition that continue to reshape the area’s banking industry. Wells Federal, with offices in nine communities, is in the midst of a merger with Citizens ... ( read original story ...)
Banking reform in China: Too little, too late?
Japan, and the European Union, but to do so, it must make key reforms in its financial industry or else lay the foundation for economic disaster. More specifically, there must be reforms in China’s commercial and shadow banking sectors. If these reforms ... ( read original story ...)
Gold steady ahead of central bank meetings
Gold prices steadied early on Thursday, with the dollar firming as markets waited for clues on the future of key stimulus programmes in upcoming Bank of Japan and European Central Bank meetings. * Spot gold (XAU=) was nearly unchanged at $1,240.07 per ... ( read original story ...)
Global stocks lower on central bank focus
Still, foreign exchange markets reacted by pushing the euro higher. That followed the Bank of Japan’s decision on Thursday to keep its monetary policy unchanged, while pushing back its expected time frame for achieving its 2 per cent inflation target to ... ( read original story ...)
Japanese bank Nomura has officially picked Frankfurt as its post-Brexit HQ and will move jobs out of London
LONDON – Japanese bank Nomura has confirmed reports it is applying for a licence to operate in Frankfurt as its European Union base after Brexit. Currently, its official European HQ is in London. The move will affect very few employees — the bank will ... ( read original story ...)
Bank of Japan staying the lonely course
Like other major central banks, the BoJ has recently bumped up its growth forecasts and lowered its inflation estimates for this year and next. But while his peers at the Fed and (slowly but surely) the ECB have embarked on the path of policy normalisation ... ( read original story ...)
MacOS Malware Targets Swiss Bank Customers Via Phishing Emails
Trend Micro, a Japanese security software company, has detected a new piece of malware for the macOS platform that seems to be targeting Swiss bank users. The malware, which Trend Micro called OSX_DOK, spread via a phishing campaign. The malware authors ... ( read original story ...)
Japan’s bazaar app Mercari applies for IPO: Nikkei
TOKYO (Reuters) - Japanese peer-to-peer marketplace app operator Mercari has applied to list its shares with the Tokyo Stock Exchange, which could be the biggest initial public offering (IPO) this year, the Nikkei business daily said on Saturday. ( read original story ...)
Tokyo 2020 living with spectre of killer quake
Tokyo, July 21 (AFP) For modern Olympic host cities, the twin threats of terrorism and financial ruin constantly loom. But spare a thought for Tokyo 2020 organisers, who face the added risk of a devastating earthquake or tsunami. Japan is already stepping ... ( read original story ...)
Japan regulator warns small banks they must change to survive
Japan's more than 100 regional banks are struggling as lending opportunities wane with the shrinking of their local populations - pain that has been exacerbated by a squeeze on lending margins from the Bank of Japan's negative interest-rate policy. ( read original story ...)
Nikkei edges down as market analyses ECB; Yaskawa soars
TOKYO, July 21 (Reuters) - Japan's Nikkei share average edged down on Friday morning as investors took in the European Central Bank's policy talk, while individual companies such as Yaskawa Electric soared on strong profit forecasts. The Nikkei dropped 0.3 ... ( read original story ...)
Nikkei edges down as steelmakers hit by profit taking, Yaskawa soars
TOKYO, July 21 (Reuters) - Japan's Nikkei share average edged down on Friday as investors took profits on steelmakers, offsetting gains in Yaskawa Electric and other machinery makers. The Nikkei ended down 0.2 percent at 20,099.75 points. For the week ... ( read original story ...)
Japan’s June export growth points to sustained economy recovery
Japan's exports rose for a seventh straight month in June led by shipments of cars and electronics, an indication external demand continues to support a gradual economic recovery and backing the central bank's upbeat economic view. Ministry of Finance (MOF ... ( read original story ...)
Bank of Japan again pushes back inflation target, keeps policy steady
The Bank of Japan kept monetary policy steady on Thursday but once again pushed back the timing for achieving its ambitious inflation target, reinforcing views it will lag well behind other major central banks in scaling back its massive stimulus program. ( read original story ...)
Bank of Japan keeps stimulus intact, cuts inflation outlook
Japan's central bank opted Thursday to keep its lavish monetary stimulus intact while downgrading its outlook for inflation. The Bank of Japan's policy meeting ended Thursday with no change to its injections of trillions of yen (hundreds of billions of ... ( read original story ...)