Morgan Stanley’s mergers advisory business in Asia outside Japan pulled in record fees last year and the firm gained market share in equities, helping partially shield it from an investment-banking contraction that prompted competitors like Goldman Sachs ... ( read original story ...)
Sumitomo Mitsui Hiring Barclays Private Bankers as Ties End
Will pay as much as 12 billion yen to terminate partnership Sumitomo Mitsui Financial Group Inc. will hire about 20 private bankers from Barclays Plc in Japan as the two companies end a six-year alliance and the U.K. bank scales back its wealth-management ... ( read original story ...)
Weak Yen Is Only Slight Reprieve for Bank of Japan
It turns out the Bank of Japan’s accidental break from a strong currency isn’t quite the much-vaunted panacea. Consumer prices out Friday showed a slower pace of decline, with core prices excluding fresh food falling 0.2% in December from a year ... ( read original story ...)
BANK OF JAPAN : Japan's key bond yield falls in morning after BOJ's operation notice
The yield on the benchmark 10-year Japanese government bond fell Friday morning as investors bought the debt following the Bank of Japan's announcement that it will expand its massive bond purchases. The yield on the No. 345, 0.1 percent issue, the main ... ( read original story ...)
Japan Dec core consumer prices fall at slowest pace in a year
The data, released on Friday, will be among factors the Bank of Japan will scrutinise at a policy meeting early next week, where it is widely expected to keep monetary policy steady and maintain its upbeat inflation projections. ( read original story ...)
Tokyo stocks close higher as banks lead the charge
The dollar climbed to 115.12 yen Friday from 114.56 yen in New York and well up from the 113.66 yen seen earlier Thursday in Tokyo. Banking giant Mitsubishi UFJ's stock jumped 1.46 percent to 752.9 yen and rival Mizuho Financial Group climbed 1.73 percent ... ( read original story ...)
Most Asia markets up, Tokyo lifted by weak yen
Most Asian markets rose again Friday following another positive lead from Wall Street, with Tokyo boosted by a plunging yen, although traders remain nervous about the outlook for global trade with Donald Trump in the White House. After one of the best ... ( read original story ...)
Osaka dig yields 140 tombs believed dating to Yayoi Period
OSAKA – The Osaka Center for Cultural Heritage and others said Thursday that they have found more than 140 ancient tombs at two neighboring ruins in the city of Ibaraki, Osaka Prefecture. The tombs, each surrounded by a square or rectangular moat, and ... ( read original story ...)
Toshiba to sell part of chip business, first step in offsetting huge charge
may seem like a natural buyer of a large stake in the chip business, a sale might be difficult to pull off before March as it would likely invite a review by anti-trust regulators. Toshiba will hold a news conference at 4.30 Tokyo time (0730 GMT). ( read original story ...)
Toshiba to spin off flash memory unit to offset nuclear business losses
TOKYO -- Toshiba Corp. says it will split its lucrative flash memory business to make up for losses from its troubled U.S. nuclear business, and is looking for a third-party capital injection. The company said its board approved the plan Friday to sell an ... ( read original story ...)
Japan says preparing for all possible US trade contingencies
"It is true that we are preparing to be able to respond to any possible situation," Suga told a news conference. He refrained from commenting on U.S. trade policy until it becomes clear. "The alliance and the economy between Japan and the U.S. is very ... ( read original story ...)
Nagoya pulls Earth Day backing over striptease video in House of Hidden Treasure booth
NAGOYA – Nagoya is withdrawing its support for the Earth Day Nagoya this year after a woman performed a striptease to promote the issue of conservation, city officials confirmed Friday. According to the city, the performance occurred in May 2015 in a ... ( read original story ...)
Osaka dig yields 140 tombs likely from Yayoi Period
OSAKA – The Osaka Center for Cultural Heritage and other entities said Thursday that more than 140 ancient tombs have been found at two neighboring ruins in Ibaraki, Osaka Prefecture. The tombs, each surrounded by a square or rectangular moat, are called ... ( read original story ...)
Global casino operators on Japan charm offensive
With a wealthy population and strong tourist appeal, Japan's opening up to casinos is welcome news for global operators impacted by China's crackdown on corruption and currency outflows that has hit revenues in Macau, the world's biggest gambling hub. ( read original story ...)
Trump to seek quick progress with Japan's Abe on replacement trade deal
Abe has touted TPP as an engine of economic reform and a counter-weight to a rising China, but Japan's Kyodo news agency said he appeared on Thursday to signal an openness to working out a free trade or economic partnership agreement with the United States. ( read original story ...)
LATEST: Japan court holds 'picture pincher' in remand
A Japanese court has ordered the detention for 10 days of a senior Thai Commerce Ministry official accused of stealing three paintings from a hotel in Japan, according to a Foreign Ministry source. Mr Suphat was in Japan to attend two intellectual property ... ( read original story ...)