OSAKA – Public prosecutors have questioned former Finance Ministry bureaucrat Nobuhisa Sagawa on a voluntary basis over the ministry’s falsification of documents related to the controversial discount sale of state land to school operator Moritomo ... ( read original story ...)
Pumpkin Carriage Drives Japan Bank From Star Status to ‘Pariah’
It wasn’t so long ago that Suruga Bank Ltd. was seen as a model for how Japanese lenders can survive in an era of rock-bottom interest rates and weak loan demand. The regional bank was hailed for generating the best loan margins in the country, thanks to ... ( read original story ...)
Japan will reach 2% inflation target and can begin reducing stimulus in five years, BOJ’s Kuroda says
The Bank of Japan will be able to begin winding down its extraordinary monetary stimulus within the next five years, the head of the central bank said. "Sometime within the next five years, we will reach [our] 2 percent inflation target," Governor Haruhiko ... ( read original story ...)
Prosecutors quizzed ex-bureaucrat over gov’t altered land sale papers
OSAKA (Kyodo) -- Osaka prosecutors questioned a former Finance Ministry bureaucrat over the falsification of documents related to the sale of state land linked to cronyism allegations against Prime Minister Shinzo Abe, a source close to the matter said Monday. ( read original story ...)
Japan’s Central Bank Has Hopeful Forecast for Effect of Sales-Tax Increase
TOKYO—Japan’s central bank believes the nation can withstand a sales-tax increase scheduled for next year and avoid the sharp slowdown that followed earlier increases, say people familiar with the Bank of Japan’s thinking. The central bank will ... ( read original story ...)
Nikkei fall as index-heavy stocks weaken; Apple suppliers underperform
TOKYO, April 23 (Reuters) - Japan’s Nikkei share average fell on Monday as index heavyweight stocks such as SoftBank and Terumo lost ground, offsetting gains in financials, which rallied after U.S. yields rose. The Nikkei ended down 0.3 percent at 22,088 ... ( read original story ...)
Nikkei edges lower as index-heavy stocks weaken; financials gain on U.S. yields
TOKYO, April 23 (Reuters) - Japan’s Nikkei share average edged lower on Monday morning after index-heavy stocks such as SoftBank and Terumo lost ground, offsetting gains in financial stocks, which rallied after U.S. yields rose. The Nikkei fell 0.2 ... ( read original story ...)
Behind China’s sudden olive branch to Japan
TOKYO -- On April 16, a day before Japanese Prime Minister Shinzo Abe met U.S. President Donald Trump at the Mar-a-Lago resort in Florida, Chinese State Councilor and Foreign Minister Wang Yi was in Tokyo to meet his counterpart Taro Kono. It was the newly ... ( read original story ...)
Japan needs ‘strong accommodative’ monetary policy ‘for some time,’ says BOJ’s Kuroda
Monetary police should remain accommodative until Japan hits 2 percent inflation, the country's central bank chief, Haruhiko Kuroda, told CNBC this weekend. He said he expects to reach that goal in fiscal 2019, warning that "risks are skewed to the downside." ( read original story ...)
Could jealousy link the Financial Ministry scandals together?
Then Fukuda quit. However, the damage was already done. The Finance Ministry has already admitted to falsifying documents that could indicate favoritism toward Moritomo for its proposed Osaka primary school in deference to Abe’s wife, Akie, because she ... ( read original story ...)
Buy orders swamp IPO for Shogi app developer
A company that developed a smartphone application for the Japanese board game shogi has been listed on the Tokyo Stock Exchange ... Takahiro Hayashi was among those who celebrated the IPO by ringing the bourse's bell. The company's apps for board games ... ( read original story ...)
Enjoy a blooming good time at Nikkei Centre
The Nikkei National Museum and Cultural Centre is honouring the bountiful season with a special event this weekend, Celebrate Spring: A Tribute to the Beauty of Japanese Culture. “In Japanese culture there are many traditions that do celebrate the ... ( read original story ...)
Nikkei edges lower as tech sector sell-off weighs
The index rose 1.8 per cent for the week, its fourth straight week of gains. TOKYO: Japan's Nikkei share average edged lower on Friday morning as worries about slower smartphone demand hit technology shares, while financial stocks rallied thanks to higher ... ( read original story ...)
ACM Research Shares Could Fall When IPO Lockup Expires
When the ACM Research IPO lockup expires on May 2nd ... Cincinnati University, and Osaka University. He earned a Ph.D. and a Master of Engineering from Osaka University and a Bachelor of Science from Tsinghua University. CFO and Treasurer Min Xu has ... ( read original story ...)
IMF Says Bank of Japan Should Stick to Path on Inflation Target
The Bank of Japan should remain committed to its unprecedented monetary stimulus in order to hit a still-distant price target, according to the International Monetary Fund. “Communication has to be simple and straightforward,” Odd Per Brekk, deputy ... ( read original story ...)
Japanese finance official resigns over sexual harassment allegations
Tokyo (CNN)A high-ranking Japanese political figure has resigned in the wake of sex harassment allegations, a further blow to a government beset by scandal. Junichi Fukuda, administrative vice minister for the Ministry of Finance, said Wednesday that he ... ( read original story ...)