TOKYO (Reuters) - Japan's government has placed a high priority on narrowing the gap in pay and benefits between regular and contract employees as this will raise productivity and consumer spending, said Katsunobu Kato, minister for labour market reform. ( read original story ...)
'Drone City' May Be Built in Tokyo Before 2020, in Time for the Olympics
Think of 2020, with the Olympic Games being held in Tokyo. There will be drone deliveries, driverless taxis, and home robots will be a normal sight in one part of Japan. A Drone City may be functioning with at least 200 flying robots across a 10KM radius. ( read original story ...)
Why is Japanese anime getting big in China?
Japanese anime film Your Name has already been a huge success in its own country. And now it has become the country's most successful film yet at the Chinese box office. Despite the lack of big-name Hollywood stars or expensive stunts, it has taken nearly ... ( read original story ...)
Week Ahead Bank of Japan in the Spotlight
The USD is higher across the board after the Fed finally announced its much awaited rate hike. The market had already priced in the 25 basis points rate hike to the Fed funds rate, but the hawkish tone of the FOMC statement, dot plot and Fed Chair Janet ... ( read original story ...)
Brexit: Japanese banks tell Government they will move UK jobs to Europe within half a year
Ministers have met with top Japanese bank bosses, who reiterated fears about the potential negative impact of Brexit on their UK businesses and urged clarity from the Government about its plans. The Chancellor Philip Hammond has himself conceded on a ... ( read original story ...)
Japan Has Trade Surplus for 3rd Month as Imports Fall
Japan had a trade surplus of 152.5 billion yen ($1.3 billion) in November. The seasonally adjusted trade balance was a surplus of 536.1 billion yen. The results were released as the Bank of Japan begins a two-day monetary policy board meeting. The yen has ... ( read original story ...)
BANK OF JAPAN : Main events scheduled for Tuesday, Dec. 20
Main events scheduled in Japan for Tuesday, Dec. 20: -- Supreme Court to rule on Okinawa government's attempt to block relocation of U.S. military base within prefecture. -- Bank of Japan to announce decision reached at two-day policy meeting from Monday ... ( read original story ...)
BANK OF JAPAN : Japan household assets up 0.6% to 1,752 tril. yen at end of Sept.
The quarterly data also showed the outstanding balance of Japanese government bonds grew 5.0 percent from the previous year to 1,091 trillion yen. Government bonds held by foreign investors gained 11.4 percent to 112 trillion yen, comprising 10.3 percent ... ( read original story ...)
Exclusice – Japan authorities fear rising condo loans could lead to bad debts
TOKYO (Reuters) - Japan is stepping up its supervision of bank lending amid growing concerns a spurt of construction financing for new apartment blocks could be sowing the seeds for bad debts in the future, people involved in the matter say. Small ... ( read original story ...)
Bank Of Japan Meets This Week And Is Talking About Tightening
One reason for the stock market's success has been record global central bank easing and bond buying. The latest leaks out of the BOJ are that they are excited about growth and even in early discussions for tightening. Add to that inflation just jumped in ... ( read original story ...)
VietinBank provides services for Japanese banks
The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has agreed to provide a number of financial services for corporate customers operating in Vietnam of several Japanese banks. The bank struck a trilateral cooperation agreement on ... ( read original story ...)
Tokyo stocks open lower as investors take profits
Tokyo stocks opened lower on Monday following declines on Wall Street, while investors took profits following a recent rally and a stronger yen weighed on demand. The dollar declined against the yen on tensions between the United States and China over an ... ( read original story ...)
Over 5% of small firm employees in Tokyo, Osaka paid below minimum wage: study
The ratio of small- and mid-sized business employees being paid below the minimum hourly wage set by the national government topped 5 percent in Tokyo and Osaka Prefecture in fiscal 2016, a sharp increase compared to data for fiscal 2012 to 2015 ... ( read original story ...)
Japan eyes record spending, less new debt in 2017/18 budget – draft
TOKYO (Reuters) - Japan's government plans an initial budget of a record 97.45 trillion yen (665.70 billion pounds)for fiscal 2017, while keeping new debt issuance just below this year's level, a draft of the budget seen by Reuters showed. The planned ... ( read original story ...)
Light earthquake 4.5 mag, 72 km ESE of Hirara, Japan
A light earthquake with magnitude 4.5 (ml/mb) was reported 72 kilometers (45 miles) from Hirara in Japan on Friday. A tsunami warning has not been issued (Does not indicate if a tsunami actually did or will exist). Exact location of event, depth 37.77 km ... ( read original story ...)
Asia stocks find relief as China set to return seized U.S. drone
The dollar will remain strong. One key question is whether the Dow Jones will hit the 20,000 mark," said Koichi Yoshikawa, executive director of financial markets at Standard Chartered Bank in Tokyo. Expectations that U.S. President-elect Donald Trump will ... ( read original story ...)