TOKYO -- Shares in leading Japanese automobile, machinery and finance companies took a dive Thursday after the administration of U.S. President Donald Trump threatened steep car tariffs and American interest rates lost upward momentum. The Nikkei Stock ... ( read original story ...)
Nikkei drops as U.S probe hits automakers, its volatility index soars
TOKYO, May 24 (Reuters) - Japan’s Nikkei share average fell to more than two-week lows on Thursday as automakers slumped after the Trump administration launched a national security investigation into car and truck imports that could lead to new U.S. tariffs. ( read original story ...)
Nikkei: Japan to set interim fiscal target to balance budget in FY2025
TOKYO: Japan’s government will push back its timeframe for achieving a balanced budget by five years to fiscal 2025 but set an interim target to review progress in getting the country’s fiscal house in order, the Nikkei newspaper reported on Wednesday. ( read original story ...)
Nikkei drops to over 2-week lows as U.S probe hits automakers
TOKYO, May 24 (Reuters) - Japan’s Nikkei share average fell to more than two-week lows on Thursday as automakers like Toyota slumped after the Trump administration launched a national security investigation into car and truck imports that could lead to ... ( read original story ...)
Japanese blue chips not prepared for EU data security rules
TOKYO -- Nearly 80% of the major Japanese corporations surveyed by Nikkei say they are not yet completely compliant with the tougher data protection rules the European Union will put into force on Friday. The General Data Protection Regulation mandates ... ( read original story ...)
Nikkei Falters amid Trade Concerns
In Japan, the Nikkei 225 tumbled 252.73 points, or 1.1%, to 22,437.01, on the firmer yen, extending losses in the last session. Autos traded lower, as did other major exporters as the yen rose around 0.4% to trade at 109.58 to the U.S. dollar. In Hong Kong ... ( read original story ...)
Japan shares lower at close of trade; Nikkei 225 down 1.11%
Investing.com – Japan equities were lower at the close on Thursday, as losses in the Mining, Chemical, Petroleum & Plastic and Warehousing sectors propelled shares lower. At the close in Tokyo, the Nikkei 225 declined 1.11%. Declining stocks outnumbered ... ( read original story ...)
Nikkei, Kospi slide as automaker stocks tumble on new Trump tariff threat
Japan’s Nikkei NIK, -1.11% was down 1.1%, extending Wednesday’s losses. Automakers led the losses, with Toyota Motor Corp. 7203, -3.05% , Honda Motor Co. 7267, -3.39% and Nissan Motor Co. 7201, -1.76% all down around 3%. South Korea’s Kospi ... ( read original story ...)
Bank of Japan board member urges winding down stimulus to avoid destabilizing banking system
MAEBASHI, GUNMA PREF. – Bank of Japan board member Makoto Sakurai said on Thursday excessive monetary easing could destabilize the economy and suggested the bank could whittle down its massive stimulus program if growth continues to strengthen. ( read original story ...)
Japan Post Bank targets more alternative investments to boost revenues
Japan Post Bank Co. Ltd (JPB), the banking unit of state-owned Japan Post Group, which says its revenues are in “significant decline” from low interest rates, plans to invest more in riskier assets over the next three years to boost earnings. ( read original story ...)
Japan to backtrack on budget target, social welfare reform as tax hike looms
Under the new fiscal guidelines, the government will also set an interim target to review progress in getting Japan’s fiscal house in order, the Nikkei newspaper said on Wednesday. Its interim goal, with a deadline of fiscal 2021, will aim to achieve ... ( read original story ...)
Conrad Osaka Marks its 1st Anniversary and Invites Guests to “Celebrate with Us”
All guests will receive a limited edition Conrad Bear collectible in celebration of the special occasion OSAKA, Japan, May 24, 2018 /PRNewswire/ -- Conrad Osaka (3-2-4 Nakanoshima, Kita Ward, Osaka City; GM: Karan Singh) is proud to announce the ... ( read original story ...)
SMBC is the first Japanese bank to rethink coal financing policy
Japanese bank SMBC is to reconsider its prolific funding of coal-fired plants, the first of the nation’s major banks to do so. Speaking on an earnings briefing this week, the president of Sumitomo Mitsui Financial Group, SMBC’s parent company, said ... ( read original story ...)
1 Million Transactions/Sec: Japan’s Largest Bank Plans Blockchain Payments in 2020
MUFG, Japan’s biggest bank, has announced plans to launch a ‘hyper-scale’ blockchain payments network to be co-developed with cloud delivery giant Akamai for faster, cheaper payments. In an announcement [PDF] on Monday, the Mitsubishi UFJ Financial ... ( read original story ...)
How the BOJ Crushed Trading in Japan’s $10 Trillion Bond Market
When Tadashi Kikugawa arrived on the Japanese bond desk at Fuji Bank in 1988 after finishing a college degree in physics, he had to get to grips with a market with “huge” fluctuations. Trades worth $1 billion in one shot weren’t unusual, he says ... ( read original story ...)
Japan’s Biggest Bank to Roll out Blockchain Payment System by 2020
The banking arm of Japanese financial institution Mitsubishi UFJ Financial Group MUFG and cloud service provider Akamai Technologies are developing a new blockchain service to create what they claim will be the world’s most scalable and fastest payment ... ( read original story ...)