SINGAPORE - A vision for sustainability and establishing Tokyo as an international financial hub took centre stage in Tokyo governor Yuriko Koike's three-day visit to Singapore, which ends on Friday (Nov 17). Speaking at a public lecture in the Lee Kuan ... ( read original story ...)
BRIEF-Hanatour Japan announces IPO on TSE Mothers on Dec. 15
* Says its stock will begin trading on the Tokyo Stock Exchange (TSE) Mothers on Dec. 15, 2017, under the symbol “6561” * In its initial public offering, the company will offer a total of 2,550,000 common shares, comprised of newly issued 1,000,000 ... ( read original story ...)
Japan’s GDP growth seen speeding to 1.6% for fiscal 2017
The Nikkei Stock Average leapt into the 23,000 range at one point last Thursday. Profit-taking set in thereafter, but the index still sits about 8% above its score of 20,356 at September's end. The five mainstay Japanese department stores each reported ... ( read original story ...)
Switching U.S. Regulators Upends Probe Into Japan’s Biggest Bank
Japan’s biggest bank sidestepped state supervision of a New York branch in the middle of a state investigation into the bank’s safeguards meant to ensure clients weren’t evading U.S. sanctions, according to a state regulator’s letter reviewed by ... ( read original story ...)
Japanese Bank Switches U.S. Regulators in Middle of Investigation
Japan’s biggest bank sidestepped state supervision of a New York branch in the middle of a state investigation into the bank’s safeguards meant to ensure clients weren’t evading U.S. sanctions, according to a state regulator’s letter reviewed by ... ( read original story ...)
Is Japan’s stock market rally for real?
But for the last quarter century, the legendary French investor has wisely avoided making a bold call on Japan, choosing instead to sit out each of the five short-lived rallies that the Nikkei 225 index has staged since the investment bubble burst in the ... ( read original story ...)
Tokyo’s Biggest Taxi Firm Takes on Uber
Nov.14 -- Tokyo's biggest taxi service is revamping its business as it looks to prevent Uber from gaining ground in Japan. Bloomberg's Reed Stevenson reports on "Bloomberg Markets: Asia." ( read original story ...)
Japan Inc. headed for first sales growth in 3 years
TOKYO -- Japanese companies expect to achieve an annual sales increase ... to rise 6% for 1,580 companies that announced interim fiscal 2017 results by Tuesday, a Nikkei compilation found. Manufacturers are selling more products amid global economic ... ( read original story ...)
Al Gore faults Japan for subsidizing coal
"Japan should consider reassessing its role as the No. 1 contributor ... of carbon-based fuels [and] to encourage speedier adoptions of the new technologies." Nikkei staff writer Mitsuru Obe contributed to this story. ( read original story ...)
Japanese lender Mitsubishi UFJ Financial hires nearly 200 new investment bankers in London
Japan’s biggest bank – and the world’s fifth largest – gave London a big vote of confidence overnight by announcing nearly 200 new investment banking jobs in the capital. Mitsubishi UFJ Financial is to expand European operations in the hope of ... ( read original story ...)
Japan’s banks look southeast
Japan's manufacturing industries have been enjoying record profits thanks to a combination of stringent cost controls, growth in global trade and a weakening yen. Yet, the banking industry remains under a cloud, with the latest round of interim results ... ( read original story ...)
Japanese caviar — $105 for 20 grams
TOKYO -- A new batch of Japanese farmers wants to make the country famous for caviar. These farmers are raising sturgeons -- one of the oldest families of fish on the planet and among the world's most threatened group of animals. Sturgeons native to the ... ( read original story ...)
Uber hails multibillion investment from Softbank, eyes IPO
Uber Technologies is hailing a multibillion-dollar investment from Japanese technology conglomerate SoftBank and eyeing its next step: an IPO before 2019. Uber Technologies Inc. confirmed the investment in a statement Sunday without giving details. ( read original story ...)
Uber IPO on the cards? Japanese tech firm SoftBank to buy billion dollar stake and pave way for a stock market float
Uber looks set to take a big step on the path towards becoming a public company after a consortium of investors led by Japanese tech firm SoftBank agreed to invest billions in the transportation app. The taxi hailing app confirmed today it had signed a ... ( read original story ...)
Japan’s top banks lay out cost-cutting plans amid lending gloom
Japanese banks have been hit by diminishing returns on loans with the Bank of Japan aggressively driving down interest rates to combat deflationary pressures. BOJ recently said it would maintain its stimulus programme with inflation still quite far from a ... ( read original story ...)
UPDATE 2-Banking arm helps Japan Post’s H1 profit jump, but mail business weak
TOKYO, Nov 14 (Reuters) - Japan Post Holdings Co Ltd’s six-month net profit rose by a fifth as its banking unit again helped offset weakness at its mail business, underscoring its reliance on the arm as the government cuts its stake in the postal and ... ( read original story ...)