Fifteen big drugstore operators on average have underperformed the retailer subindex of the Nikkei Stock Average since the end of ... drugstore sales rose 6% on the year to around 6.49 trillion yen in Japan, according to the Japan Association of Chain ... ( read original story ...)
Airbnb CEO says ‘home sharing is here to stay’ in Japan
and this is basically saying home sharing is here to stay," the co-founder of the world's biggest home-sharing marketplace told The Nikkei in a recent interview. "I think this is going to be incredibly important for the Japanese economy," he added ... ( read original story ...)
Nikkei ends at near 2-week low; weak euro hits precision equipment cos
The broader Topix declined 1.6 per cent to 1,740.20. TOKYO: Japan's Nikkei share average closed at a near two-week low on Thursday as sentiment was hit by a rout in Wall Street overnight, while the euro's weakness against the yen hit companies such as ... ( read original story ...)
Japanese Banking Group SBI Postpones Cryptocurrency Exchange Launch
Japanese financial services giant SBI Group has delayed the launch of its cryptocurrency exchange after determining it had to further strengthen security measures. In an announcement this week, the SBI group confirmed the postponement of the launch of its ... ( read original story ...)
Enjoy Japan’s IPO boom while it lasts as glut looms for March
QB House is a bargain-basement coiffeur that has made its fortune cutting (mostly) salarymen’s hair in under 10 minutes. Whether that business model thrills or not, there is a decent chance that when it lists on the Tokyo Exchange next month the humble ... ( read original story ...)
Nikkei falls on weak industrial data, BOJ move to cut long bond buying
The Bank of Japan's decision to trim purchases of super long bonds soured sentiment by boosting the yen. TOKYO: Japan's Nikkei share average fell on Wednesday, snapping a three-day winning streak, pressured by losses on Wall Street and a larger-than ... ( read original story ...)
BRIEF-Japan Living Warranty announces IPO on TSE Mothers on March 30
Says its stock will begin trading on the Tokyo Stock Exchange (TSE) Mothers on March 30, 2018, under the symbol “7320” * In its initial public offering, the company will offer a total of 160,500 common shares, comprised of newly issued 110,000 shares ... ( read original story ...)
Japanese megabanks team up on mobile payments
TOKYO -- Japan's three megabanks are working together to standardize a smartphone payment system using QR codes, aiming to promote cashless transactions already widespread in China and elsewhere. Development costs are estimated to reach into the billions ... ( read original story ...)
Japan’s Finance Watchdog Eyeing ICO Regulation, Says Report
Japan's financial regulator is mulling the creation of a regulatory framework for companies raising funds through initial coin offerings, a report indicates. According to Sankei Shimbun, the Financial Service Agency is considering the revision of relevant ... ( read original story ...)
Japan’s financial regulation shake-up seen as a game changer for banks
The Financial Services Agency is laying the groundwork for a regulatory overhaul that could lead to a shake-up in Japan’s ¥1 quadrillion banking industry. The agency is examining how to change the legal framework so that all providers of financial ... ( read original story ...)
Deutsche Bank to bolster balance sheet with funds IPO
The IPO would likely take place in the week of March 19 ... asset management and wants to improve its distribution network and expand in countries such as Japan, South Korea, Taiwan and Singapore. DWS had 3,800 staff managing €700-billion worldwide ... ( read original story ...)
Japan’s Chubu Elec, Osaka Gas see no major impact from PNG LNG plant shutdown
Japan's Osaka Gas sees no major impact on LNG procurement from the shutdown of ExxonMobil Corp's liquefied natural gas (LNG) plant in Papua New Guinea following a powerful earthquake in the country's remote highlands, company president Takehiro Honjo said ... ( read original story ...)
Japan’s cosmetics exports hit fifth straight annual record
TOKYO -- Japan's cosmetics exports jumped 39% to 371.5 billion yen ($3.48 billion) in 2017, marking a fifth straight record year, as inbound tourism creates new devotees who continue to use the products long after returning home. The Nikkei compiled the ... ( read original story ...)
Japan’s moms stay in work in record numbers
TOKYO -- More Japanese women are staying in work after childbirth as government policy to keep young mothers in the workforce begins to pay off. A tight labor market due to the shrinking population and the ongoing economic recovery are also factors ... ( read original story ...)
Strong yen emerges as threat for 2018 Japanese corporate earnings
TOKYO -- A rising yen threatens to depress annual profit growth at export-driven Japanese companies that close their books ... data compiled by The Nikkei shows. Sales are forecast to grow 5% to 51.19 trillion yen, down from the 11% rise last year. ( read original story ...)
Japan’s tourism-linked shares thrive amid rise in visits
TOKYO -- Investors are piling into Japanese companies that serve international visitors ... Shiseido's shares have surged 19%, and Don Quijote's more than 6%, since Feb. 6, when the Nikkei Stock Average tumbled 1,071 points. The index itself has rallied ... ( read original story ...)