The yield on the benchmark 10-year Japanese government bond ended lower Friday as investors bought the safe-haven debt in the wake of lower Tokyo equities and the firm results of a Bank of Japan bond purchase operation. The yield on the No. 346, 0.1 ... ( read original story ...)
Japan’s investments in India getting diverse
Investments from Japan are getting diverse and sectors that have received FDI during 2016-17 period include retail, textile, consumer durables, food & beverages and banking (credit card services), persons familiar with the Indo-Japan economic ties told ET. ( read original story ...)
BDO, Seven Bank tie up for cash transfer service
Taipan Henry Sy’s BDO Unibank partnered with Japan’s Seven Bank Ltd., making it easier for Filipinos in Japan to send money back home using a mobile app. BDO, the country’s biggest bank, said in a statement the tie-up covered the upcoming launch of ... ( read original story ...)
In Aramco IPO pitch, Canada plays up its natural resources expertise
But its best chance of winning a part of the biggest IPO ever, expected to raise about $100 billion ... in a race that has also excited larger exchanges in London, New York, Tokyo, Hong Kong and Singapore, its case could be bolstered by a recent change ... ( read original story ...)
BDO ties up with Japan’s Seven Bank
MANILA, Philippines - Sy-led BDO Unibank Inc. has partnered with another Japanese bank to further cement its dominance in the international money transfer business. The listed bank owned by retail and banking magnate Henry Sy has partnered with Seven Bank ... ( read original story ...)
Japan’s megabanks dip toes in cryptocurrency waters
TOKYO -- Japanese banks have typically shied away from adopting virtual currencies, but not anymore. Now they are looking to leverage their huge customer bases to jump into the world of cryptocurrencies by offering quick and inexpensive services. ( read original story ...)
Mizuho ventures deeper into fintech
Japan’s Mizuho Financial Group will start a venture next month to create new fintech businesses and catch up with its rivals, according to Reuters. As Banking Technology reported last month, Mizuho Financial Group, Mizuho Bank and IBM Japan teamed up to ... ( read original story ...)
M&A lifts Japan’s 2016 net external assets to second largest on record
TOKYO Japan's net external assets rose to their second-highest amount on record at end-2016 driven by rising mergers and acquisitions overseas by Japanese firms and portfolio investment, the Ministry of Finance (MOF) said on Friday. The net value of assets ... ( read original story ...)
Japan’s 2016 net external assets rose to second-largest on record
Japan’s net external assets rose to their second-highest amount on record at the end of fiscal 2016, driven by rising mergers and acquisitions overseas by firms and portfolio investment, the Finance Ministry said Friday. The net value of assets held by ... ( read original story ...)
Nikkei slips as yen edges up, but poised for weekly gains
Stronger yen offsets effect of record closes on Wall Street * Nikkei heavy ahead of 20,000-point level - strategist TOKYO May 26 Japan's Nikkei share average remained solidly on track for a winning week on Friday, underpinned by record closing highs on ... ( read original story ...)
Japan’s Mizuho diving into fintech
The Japanese megabank's recently installed chief digital innovation officer, Daisuke Yamada, will head the affiliate. Mizuho "is finished studying, and moving on to practical application" of fintech, President Yasuhiro Sato said. The new entity ... ( read original story ...)
Japan panel urges government to impose delayed sales tax hike to balance budget
TOKYO Japan must not delay a sales tax hike scheduled for October 2019 as the revenue is needed to cover bulging social security costs and achieve the target of balancing the budget in four years, an advisory panel to Finance Minister Taro Aso said on ... ( read original story ...)
Japan panel urges governemnt to impose delayed sales tax hike to balance budget
TOKYO Japan must not delay a sales tax hike scheduled for October 2019 as the revenue is needed to cover bulging social security costs and achieve the target of balancing the budget in four years, an advisory panel to Finance Minister Taro Aso said on ... ( read original story ...)
Nikkei edges up after yen softens, SoftBank surges
TOKYO, May 25 Japanese stocks edged up on Thursday as investors bought ... a near two-week high of 8,894 yen and contributed to a hefty 31 positive points to the Nikkei after Bloomberg reported that the company had built a $4 billion stake in Nvidia. ( read original story ...)
Japan’s Nikkei hits 17-mth high on sagging yen, higher Wall Street
TOKYO May 16 Japan's Nikkei share average rose to a 17-month high on Tuesday, drawing support from a sagging yen and Wall Street hitting record highs overnight. The Nikkei was up 0.3 percent at 19,925.20, having come off an early high of 19,998.49, its ... ( read original story ...)
Nikkei, TV Tokyo, TBS, others team on video streaming
Nikkei and TV Tokyo will contribute economic news ... The partners also intend to seek content from other media companies in and outside Japan to enrich the lineup. New technologies such as artificial intelligence may be used to analyze viewing data ... ( read original story ...)