Japanese Finance Minister Taro Aso has told the nation's legislature that a bilateral trade deal with the US could produce more risks than benefits for Japan's economy. Kristian Rouz — Japanese Finance Minister Taro Aso voiced his opposition to the idea ... ( read original story ...)
Japan regulator says Deutsche, Bank of America violated Japan law in bond-price fixing
TOKYO (Reuters) - Japan's Fair Trade Commission on Thursday said Bank of America Merrill Lynch (BAC.N) and Deutsche Bank (DBKGn.DE) had violated Japan's antitrust laws in alleged bond-price fixing by London-based traders in 2012, because it involved a ... ( read original story ...)
Japan regulator warns Deutsche, Bank of America over bond-price fixing
TOKYO (Reuters) - Japan’s Fair Trade Commission on Thursday warned Bank of America Merrill Lynch (BAC.N) and Deutsche Bank (DBKGn.DE) over alleged bond-price fixing by London-based traders in 2012, saying it violated Japan’s antitrust laws because it ... ( read original story ...)
Is Japan’s Finance Ministry at the breaking point?
TOKYO -- Former Finance Ministry official Nobuhisa Sagawa insisted in testimony before both houses of the Diet on Tuesday that there were no instructions to alter documents at the center of a dodgy real estate deal, but offered no insights into the ... ( read original story ...)
Stock rally boosts paper profits at Japanese companies
TOKYO -- Major Japanese companies have seen unrealized capital gains on ... as of Tuesday at 1,701 listed companies that close their books in March, according to a Nikkei survey that excluded financial institutions as well as businesses using international ... ( read original story ...)
Key testimony on Japan land scandal offers little insight
Nobuhisa Sagawa, who was the head of the ministry's Financial Bureau when the changes were made, faced grilling by lawmakers Tuesday about the circumstances and motives. The documents concern the steeply discounted sale of state-owned land in Osaka to ... ( read original story ...)
Ex-Finance official says no instructions from Abe to alter documents
Deputy Vice Finance Minister Koji Yano has insisted that "it is beyond ... a private school in the city of Osaka which inculcates in its young students the patriotism and self-sacrifice... "This problem has shaken the people's confidence in the ... ( read original story ...)
Tokyo stocks surge on receding trade war woes
Stocks soared Tuesday on the Tokyo Stock Exchange, with concerns over a U.S.-China ... the Nikkei rose further in the afternoon, after former Ministry of Finance official Nobuhisa Sagawa in a sworn Diet testimony denied there were instructions from the ... ( read original story ...)
Japan: Prime Minister Shinzo Abe not involved in land sale cover-up, says official
He added that Abe's Cabinet secretary and finance minister were also unaware of the alterations. Read more: Japan's Finance Ministry admits to doctoring documents linked to Abe's wife But Sagawa, who recently resigned as head of the National Tax Office in ... ( read original story ...)
Kagoike says detainment is to keep him quiet about scandal
The Asahi Shimbun in February 2017 broke the news that Moritomo Gakuen received a huge discount on its purchase of state-owned land in Toyonaka, Osaka Prefecture, in 2016. Kagoike told the politicians that after the report was published, a Finance Ministry ... ( read original story ...)
Former Japanese finance official Sagawa – no instructions from PM to alter land sale documents
TOKYO (Reuters) - Japan’s Prime Minister Shinzo Abe, his wife, Finance Minister Taro Aso and their top aides did not give instructions to change documents about a land deal at the heart of a suspected cronyism scandal, a former finance ministry official ... ( read original story ...)
Japan ex-MOF official Sagawa: no instructions from PM to alter land sale documents
TOKYO (Reuters) - Former Japanese finance ministry official Nobuhisa Sagawa said on Tuesday that there were no instructions from Prime Minister Shinzo Abe, his wife, Finance Minister Taro Aso or their top aides to alter documents about a murky land deal at ... ( read original story ...)
Kagoike sticks to his guns in interview at detention house
Yasunori Kagoike said his recollections of a remark by the wife of Prime Minister Shinzo Abe, as recorded in a formal Finance Ministry document, were “correct.” Three opposition lawmakers traveled to Osaka on March 23 to interview Kagoike at the Osaka ... ( read original story ...)
Tourists’ unpaid medical bills take toll on Japanese hospitals
TOKYO -- As Japan enjoys booming inbound tourism, hospitals are seeing more cases of nonpayment by foreign travelers who fall ill but lack insurance coverage, prompting an alarmed government to consider a response. According to a 2016 survey by the health ... ( read original story ...)
Nikkei drops to 6-month low on global trade worries
Japan’s Nikkei share average dropped to a six-month low on Monday morning while the yen rose to near a 16-month peak, on persistent worries about a global trade war, although some stocks were in demand before they go ex-dividend this week. The Nikkei ... ( read original story ...)
How one woman opened up Vietnam to Japan’s consumer goods
"Many young Vietnamese dream about running their own businesses, rather than becoming employees and doing what they are told to do," Le said in an interview with the Nikkei Asian Review. Her own goal is to enable her compatriots to enjoy Japanese lifestyle ... ( read original story ...)