Advertisment Most Asian bourses closed cautiously higher on Friday after the Bank of Japan kept its policy unchanged and following the declines in tech stocks stateside. The Nikkei 225 recovered 111.44 points, or 0.6%, to 19,943.26 The Hang Seng Index ... ( read original story ...)
Toshiba Chooses U.S.-Japan Bidder for Memory Chip Biz Sale
Tokyo-based Toshiba said the board of directors selected the bid, totaling about 2 trillion yen ($18 billion), from the consortium of Innovation Network Corp. of Japan, Bain Capital Private Equity and the Development Bank of Japan in the sale of Toshiba ... ( read original story ...)
Japan and ‘One Belt, One Road’
He is also now willing to consider Japan joining the China-initiated Asian Infrastructure Investment Bank (AIIB) — of which Japan, along with the United States, sat out when it was set up in 2015 — once doubts about its governance and operation are ... ( read original story ...)
Japan’s government bond market grinding to a halt
This marks the longest period of stagnation since 1994, according to data from Nikkei affiliate QUICK. The implied volatility of Japanese government bonds reached its lowest point since January 2008. Trading in newly issued 10-year debt has become so ... ( read original story ...)
Toshiba stock knocked from top-tier listing as financial woes deepen
... brunt of its financial pain after delaying its full-year financial report for a sixth time. But the gloomier outlook is enough to trigger an automatic demotion to the second rung of the Tokyo Stock Exchange. The move was not unexpected after the Tokyo ... ( read original story ...)
Bank of Japan April meeting minutes note asset purchases will fluctuate on market conditions
Bank of Japan policymakers agreed that the amount of government debt purchases will fluctuate under its quantitative easing program, minutes of the central bank's April 26-27 policy meeting showed on Wednesday. Members also said such fluctuations do not ... ( read original story ...)
Japan eyes bigger bite of China’s rice market
TOKYO -- With Sino-Japanese relations showing signs of warming, Tokyo is working to persuade Beijing to accept more Japanese rice in hopes of giving domestic farmers greater access to a market hungry for high-quality imports. Toshihiro Nikai, secretary ... ( read original story ...)
Nikkei flat as dollar/yen steadies, on track for gains this week
TOKYO, June 23 Japan's Nikkei share average was flat on Friday morning as dollar-yen levels steadied after major economic events, while Nintendo hit new multi-year highs on ongoing hopes for a new title on Switch. The Nikkei was flat at 20,119.55 in ... ( read original story ...)
Japan’s consumption uptick convincing no one
TOKYO -- Japan's government has upgraded its assessment of the economy for the first time in six months in light of healthy consumer spending -- though neither the cabinet, the business community nor the public seems truly confident that things are looking up. ( read original story ...)
Nikkei ends lower as stronger yen takes a toll, Takata shares plummet
TOKYO, June 22 Japan's Nikkei share average erased early modest gains on Thursday and edged down, as a stronger yen took its toll on market sentiment. The Nikkei ended 0.1 percent lower at 20,110.51, extending Wednesday's 0.5 percent decline and moving ... ( read original story ...)
Exploding airbag scandal pushes Japanese auto supplier Takata towards bankruptcy
It is now worth less than a quarter of its value from just a week ago when a report by Japan’s leading Nikkei business daily said it would seek bankruptcy protection and sell its assets to a US company. At Thursday’s close, the embattled stock had ... ( read original story ...)
Asia’s financial safety net is a work in progress
a port city south of Tokyo. Finance ministers and central bankers from the Association of Southeast Asian Nations, China, Japan and South Korea met on the sidelines of the event, but two men were conspicuously -- and tellingly -- absent: Chinese Finance ... ( read original story ...)
Nikkei slips as stronger yen takes a toll, Takata shares plummet
TOKYO, June 22 Japan's Nikkei share average erased early modest gains on Thursday and edged down, as a stronger yen took its toll on market sentiment. The Nikkei was down 0.1 percent at 20,118.25 at the end of morning trade, extending Wednesday's decline ... ( read original story ...)
Most Japan IPO stocks trading above offering price
TOKYO -- Share prices have climbed for companies going public in Japan in 2017, thanks to an inflow of money from individual investors and a bullish outlook toward startups. A company's initial public offering often generates early popularity that burns ... ( read original story ...)
EDITORIAL: Relentless effort needed to clear up Moritomo land scandal
The Osaka District Public Prosecutors Office searched the offices ... These cases came to light after Moritomo Gakuen’s purchase of government-owned land for a song. The Finance Ministry sold the property for 134 million yen ($1.2 million)--about 10 ... ( read original story ...)
Famous Tsukiji fish market will be remade, not destroyed
Tokyo’s huge, and hugely popular, Tsukiji fish market won’t be destroyed but will be closed for up to five years while it is modernized and turned into a “food theme park,” the capital’s governor said Tuesday. The market will move to a state-of ... ( read original story ...)