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 ...)
Japan gets first sumo champion in 19 years
Japan has named its first home-grown sumo grand champion in almost two decades, in a boost to the traditional wrestling sport. Kisenosato, 30, was promoted to the top-most yokozuna rank after his win in the first tournament of the year. He is the first ... ( 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 ...)
The best business class on Sydney-Tokyo flights
Receive 75,000 Qantas Points when you spend $2,500 on eligible purchases in the first 3 months plus no annual fee for the first year. T&Cs, fees and charges. Online offer only. Click here to apply now. Jetting from Sydney to Tokyo’s Haneda or Narita ... ( 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 ...)
Celebrity Chefs Are Eating Raw ‘Chicken Sashimi’ — Is It Safe?
It’s more widely offered in Japan though, especially in hubs such as Osaka, Kyoto, and Tokyo. But even there, people have been cautioned against taking a bite of undercooked chicken. In July, Japan’s Ministry of Health, Labor and Welfare warned that ... ( read original story ...)
Toshiba to unveil extent of U.S. nuclear business writedown on February 14
TOKYO Japan's Toshiba Corp (6502.T) said it will unveil the extent of the writedown on its U.S. nuclear business on Feb. 14 when it reports its results for the quarter ended Dec. 31. The laptops-to-engineering conglomerate, still recovering from a $1.3 ... ( read original story ...)
Brits, Czechs claim world's most powerful 'super laser'
There are two behemoths of this kind -- the one-petawatt Texas Petawatt Laser in Austin and the two-petawatt Laser for Fast Ignition Experiments (LFEX) in Osaka, Japan. One petawatt equals one million billion watts Those lasers "have a very high peak power ... ( read original story ...)