The history of the ATM includes a footnote in Asia: a Japanese company supposedly developed the first cash machine in the mid-1960s. Japan’s record of remarkable innovation is not apparent, however, when you enter its high street banks. Most have hardly ... ( read original story ...)
Bank of Japan’s Funo calls for strong easing to hit two percent inflation as prices weak
SENDAI, Japan (Reuters) - Bank of Japan board member Yukitoshi Funo said on Thursday that the central bank needs to patiently continue its strong monetary easing under the current policy framework, underscoring the BOJ’s resolve to hit its 2 percent ... ( read original story ...)
Nikkei rises as trade jitters ease, banks weakened by low rates and bad debt
TOKYO (Reuters) - Japan’s Nikkei share average rose on Thursday morning as investor jitters over trade issues that hit markets early this week appeared to recede, while technology stocks rallied on the Nasdaq strong performance overnight. The Nikkei ... ( read original story ...)
Japan: Nikkei closes higher on bottom fishing
Japan share market finished higher in volatile trade on Wednesday, 20 June 2018, paring some of their plunge a day earlier, as investors chased for bottom fishing and a broader recovery in regional sentiment. However, market gain was limited as investors ... ( read original story ...)
Japan’s consumption tax should be raised to 15%: IMF official
TOKYO -- Japan needs to lift the consumption tax rate to 15% and reform its health care and pension systems to restore fiscal health as the nation's aging population spurs more social security spending, an International Monetary Fund official told Nikkei. ( read original story ...)
Bank of Japan’s Kuroda Says 3% Wage Gains Needed for Price Goal
Bank of Japan Governor Haruhiko Kuroda endorsed a Japanese government call for employers to raise wages by 3 percent a year -- far faster than the current pace -- to help the central bank meet its inflation target. “The government request for 3 percent ... ( read original story ...)
Nikkei rises in volatile trade helped by China stock gains
TOKYO (Reuters) - Japan’s Nikkei share average rose in volatile trade on Wednesday, helped by late short-covering following an earlier selloff and a broader recovery in regional sentiment as Chinese shares recovered from a rout in the previous session. ( read original story ...)
BOJ minutes: One member says more easing needed but central bank seen on hold
TOKYO (Reuters) - A lone Bank of Japan policymaker said additional easing was needed to accelerate inflation, but most members wanted to keep monetary policy unchanged, minutes from the central bank’s policy meeting in April showed on Wednesday. ( read original story ...)
RCBC to launch blockchain remittance service in Japan
RIZAL COMMERCIAL Banking Corp. (RCBC) is set to launch a remittance service in partnership with two Japanese banks using the blockchain technology for a cheaper and faster way of sending money. RCBC First Senior Vice-President Manny T. Narciso told ... ( read original story ...)
Japan Post Bank’s departing portfolio investment chief names successors
Kunio Tahara, a senior managing director at Japan Post Bank, and Taiichi Hoshino, a managing director, will take the helm of Japan Post Bank's ¥207.7 trillion ($1.89 trillion) investment portfolio, effective June 20, said Katsunori Sago, representative ... ( read original story ...)
Nikkei flat in choppy trade as trade war woes pressures; Kikkoman soars
TOKYO (Reuters) - Japan’s Nikkei share average was flat in choppy trade on Wednesday morning as firms that rely on China demand tumbled on trade war worries, with machine tool makers and shippers posting multi-month lows, which offset gains in defensive ... ( read original story ...)
Tokyo stocks drop as trade war fears linger
The benchmark Topix index was off 0.5 per cent in Tokyo as industrials fell 0.4 per cent and financials dipped 0.9 per cent and energy stocks dropped 1.1 per cent. But the S&P/ASX 200 was up 0.6 per cent in Sydney, bolstered by a rise of 1.2 per cent by ... ( read original story ...
Mercari Jumps 77% in Tokyo Debut After $1.2 Billion IPO
Mercari Inc. soared on its first day of trading on the Tokyo Stock Exchange, underscoring investor optimism in its prospects. Shares of the Japanese online marketplace traded at around 5,300 yen as of 11:25 a.m. in Tokyo on Tuesday, rallying from the 3,000 ... ( read original story ...)
Nikkei tumbles soured by selling in China market as trade war escalates
TOKYO (Reuters) - Japanese stocks tumbled to 2-1/2-week lows on Tuesday and posted the biggest daily percentage drop in three months after Chinese stocks were sold sharply amid escalating global trade tussles. The Nikkei share average .N225 ended 1.8 ... ( read original story ...)
World’s casino giants bet big on the golden Japanese market
MGM has stressed its commitment to partnering with local communities. MGM CEO James Murren, who has been traveling to Japan every two months, told the Nikkei Asian Review in Tokyo at the end of May that he has been in contact with "hundreds of Japanese ... ( read original story ...)
Nikkei falls after Trump threatens new tariffs against China
TOKYO (Reuters) - Japanese stocks slid on Tuesday after U.S. President Donald Trump’s new threat to impose a 10 percent tariff on $200 billion of Chinese goods, escalating a tit-for-tat trade war with Beijing. The Nikkei share average fell 0.9 percent ... ( read original story ...)