TOKYO Japan must adhere to the government's goal to achieve a balanced budget by the fiscal year ending in March 2021, Finance Minister Taro Aso said, in a resolve to push for fiscal consolidation to fix the country's tattered finances. Aso made the pledge ... ( read original story ...)
The Bank of Japan Chief’s Perspective
Monetary policy can stymie or enhance free trade and global economic growth. And one of the biggest influencers of monetary policy in the world is the Bank of Japan. Gerard Baker, editor in chief of The Wall Street Journal, sat down with the bank’s ... ( read original story ...)
Japan’s banking newcomers enjoy steady growth
TOKYO -- Japan's 10 new entrants to the banking sector, such as Sony Bank, recorded a 10% rise on the year in their total deposit balance to more than 17 trillion yen ($152 billion) as of the end of March 2017. Improved convenience looks to have attracted ... ( read original story ...)
Japan corp bond yields rise to 1-1/2 yr high on fears BOJ scaling back buying
TOKYO May 22 Fears that the Bank of Japan is scaling back its massive bond buying programme rippled through corporate bond markets on Monday as traders rushed to dump their holdings at an auction, pushing yields to a 1-1/2 year high. Sellers offered 403 ... ( read original story ...)
Mizuho Chases Financial Bond Deals as It Starts London Team
Mizuho Financial Group Inc.’s investment bank is targeting a bigger share of global financial bond deals as it seeks more profits overseas and expands its debt capital markets business at home and abroad. The Japanese bank has managed $8.7 billion of ... ( read original story ...)
Japan finance minister says must deliver strong message on free trade at G7
TOKYO Japan must deliver a strong message on free trade at this month's summit meeting of leaders from the Group of Seven nations, Finance Minister Taro Aso said on Tuesday. Aso was speaking to reporters after a cabinet meeting. (Reporting by Takashi ... ( read original story ...)
Tokai Tokyo Financial : Proposed Change of Directors
Note: This English translation is for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail. We assume no responsibility for this translation or for direct ... ( read original story ...)
Gov’t sought to factor huge foundation work cost in shady Moritomo Gakuen land deal
OSAKA -- The Kinki Local Finance Bureau asked a real estate appraiser to consider incorporating a cost of 500 million yen for foundation work into the price of a site in Osaka Prefecture where a now scandal-hit education institution planned to open an ... ( read original story ...)
Japan April exports rise again, trade surplus with US narrows
Exports rose 7.5 percent in April from a year ago, below the median estimate of 7.8 percent annual growth, finance ministry data showed on Monday. It followed a 12.0 percent rise in March. Japan's exports rose in April to mark their fifth straight month of ... ( read original story ...)
Nikkei rises following U.S. stocks; SoftBank soars
TOKYO, May 22 Japan's Nikkei share average rose on Monday morning following gains in U.S. shares, but the dollar's weakness and U.S. political turmoil kept investors nervous and limited gains in the market. The Nikkei rose 0.3 percent to 19,653.32 in ... ( read original story ...)
From stardust to ashes: How Japan Post's $6.5b bet on Toll unravelled
In February 2015, bankers working on Japan's biggest IPO in three decades woke to news that left them shaken. Their client had just closed a multi-billion dollar deal - but had kept them firmly out of the loop. Just months ahead of its listing, state-owned ... ( read original story ...)
This Is Why Mark Zuckerberg Got Married the Day After Facebook’s IPO
It turns out, the IPO was going to be May 18th—one day before the secret ... That brings us to today. Some years we’ve gone to Japan or France. This year we’re traveling around the U.S. and we’ll be spending our honeymoon in rural Maine.” ( read original story ...)
Saudi Aramco's Only IPO Foray Provides a Cautionary Tale
Japan and China. Using PetroRabigh, S-Oil and Showa Shell Sekiyu as a combined benchmark to calculate the valuation of Aramco’s downstream business yields about $33 billion. Within Aramco today, the IPO of PetroRabigh is seen as a sore chapter ... ( read original story ...)
Japan's milk crisis destined to linger
TOKYO/SAPPORO, Japan -- Japan's dairy industry is in crisis mode as the country's top milk producing area falls behind in raw milk production. Slammed by destructive typhoons last summer and facing fundamental challenges, dairy farms in Japan's large ... ( read original story ...)
Cameco Corp.: Will This Company Ever Rebound?
Takahama 3 and 4 reactors should come online after Japan’s Osaka High Court overruled a lower court decision ... Gardner just issued a Buy Recommendation on this recent Canadian IPO. Stock Advisor Canada’s Chief Investment Adviser, Iain Butler, also ... ( read original story ...)
Bank of Japan faces credibility test in telegraphing exit from stimulus
TOKYO Growing signs of life in Japan's economy have presented its central bank with a fresh communications challenge, pushing it to be clearer with markets on how it might dial back its massive stimulus - even though such action remains a long way off. ( read original story ...)