Japan’s biggest bank, and the world’s fourth largest, is reportedly planning to launch a large-scale trial of its own digital currency as early as next year. According to a report fromHK, Mitsubishi UFJ Financial Group has plans to conduct a test of ... ( read original story ...)
Japan economy shrinks after two years of growth
But despite the broad-based slowdown, Minami said the economy would remain solid. "If you look at the Bank of Japan's 'Tankan' survey released in April, business confidence was unshaken, with corporate investment plans remaining solid," he said. ( read original story ...)
Tame Japan inflation to push back BOJ’s stimulus exit plans – Reuters poll
TOKYO (Reuters) - Japan’s central bank is likely to wait longer than initially expected to exit its super-easy stimulus, a Reuters poll of economists showed,, with almost half predicting that it won’t happen until 2020 or later given sluggish inflation. ( read original story ...)
Japan automakers race past rivals in profit margins
In the five-year average of net profit margins, the Japanese surpassed U.S. automakers General Motors and Ford Motor in fiscal 2015, and the German big three -- Volkswagen, Daimler and BMW -- in fiscal 2016, according to Nikkei group's QUICK and FactSet. ( read original story ...)
Sulabh International founder awarded Nikkei Asia Prize
NEW DELHI: The founder of Sulabh International, Dr Bindeshwar Pathak, has been honoured with the Nikkei Asia Prize in Japan for his contribution to Asia's development, an official statement said today. Pathak is among the three who have been conferred with ... ( read original story ...)
China opens the door a crack wider to Japanese rice imports
TOKYO -- The Japanese ramen noodle chain, Ajisen Ramen, operates around 600 restaurants in China. But if you want Japanese rice with your noodles, you must pay about four times the price of a domestic variety. In China, Japanese rice is only for the deep ... ( read original story ...)
Tokyo cops: Man stole liquor from host club to sell via Mercari app
TOKYO (TR) – Tokyo Metropolitan Police on Monday announced ... Also on Monday, a regulatory filing with the Ministry of Finance showed that the operator of Mercari has been given approval for an initial public offering that will raise up to 117.6 ... ( read original story ...)
Nikkei rises to 3.5 month high, earnings push Shiseido to record
The broader Topix gained 0.6 per cent to 1,805.92. TOKYO: Japan's Nikkei share average rose to a 3-1/2 month high on Monday following sharp gains in cosmetics maker Shiseido after better-than-expected earnings offset weak tech shares, which tracked ... ( read original story ...)
Nikkei rises to 3-1/2 month high, earnings push Shiseido to record
TOKYO, May 14 (Reuters) - Japan’s Nikkei share average rose to a 3-1/2 month high on Monday following sharp gains in cosmetics maker Shiseido after better-than-expected earnings offset weak tech shares, which tracked declines in their U.S. counterparts ... ( read original story ...)
Japan welcomes return of Malaysia’s Mahathir
TOKYO -- Mahathir Mohamad's return to power in Malaysia has come as a welcome surprise for the Japanese government when China's increasing clout in Southeast Asia is eclipsing the influence of Japan and Western nations. Although diplomats are hesitant to ... ( read original story ...)
Japanese marketplace app Mercari launches $1.1 billion IPO
TOKYO (Reuters) - Flea market app operator Mercari Inc has received approval for an initial public offering in Tokyo that will raise up to $1.1 billion, a regulatory filing showed on Monday, giving investors a rare chance to buy into a Japanese unicorn ... ( read original story ...)
Japan tightens border controls against smuggled gold and drugs
TOKYO -- At a Tokyo customs inspection site in late April, airfreight from China to Japan's main international gateway, Narita Airport, is being carefully examined. Gloved officials pull wallets from packed boxes, checking each one closely, running through ... ( read original story ...)
Turn the Post Office into a bank? First check Japan
The greatest public speaker I've ever seen was former Japanese Prime Minister Junichiro Koizumi. I watched him in 2005 as he gave a speech to a crowd outside a train station. He thundered, cajoled and generally mesmerized the assembled throng. This was all ... ( read original story ...)
Tokyo stocks rise for third straight session
Tokyo stocks rose for the third consecutive session Monday on a weak yen, as market sentiment stayed positive on sound corporate earnings and expectations that US inflation will stay low. The benchmark Nikkei 225 index gained 0.47 percent or 107.38 points ... ( read original story ...)
Paktor heads towards IPO through M17, eyes Japan and South Korea expansion
Paktor is headed towards an IPO through M17 Entertainment. M17 Entertainment includes 17 Media, a Taiwanese live streaming service and Singaporean dating app Paktor, and is eyeing a raise of US$115 million public on the New York Stock Exchange. According ... ( read original story ...)
Nikkei edges up in choppy trade; Shiseido hits record high on strong Q1
TOKYO, May 14 (Reuters) - Japan’s Nikkei share average edged up in choppy trade on Monday morning following sharp gains in cosmetics maker Shiseido after better-than-expected earnings offset weak tech shares, which tracked declines in their U.S ... ( read original story ...)