With their margins squeezed by the Bank of Japan's negative interest rate policy, regional banks have stepped up investment on assets vulnerable to interest-rate risk, such as foreign bonds. Under the rule, from the fiscal year ending in March 2019 ... ( read original story ...)
The Saudi Aramco IPO is a game-changer for the Saudi economy
surpassing Alibaba’s $25 billion IPO in 2014. Several exchanges are competing for the honor, including those in London, Hong Kong, Tokyo, and New York. The London Stock Exchange (LSE) generally requires at least 25 percent of a firm’s shares to be ... ( read original story ...)
Tokyo envisions bright future as world financial hub
TOKYO -- Tokyo's road map for becoming a global financial hub would slash taxes and dismantle regulatory hurdles, aiming to draw in 40 foreign companies by fiscal 2020 and support the national economy for years to come. Gov. Yuriko Koike will present ... ( read original story ...)
Nintendo and Universal Studios break ground on Super Nintendo World theme park in Osaka, Japan
Nintendo Co. Ltd. and partner Universal Studios Japan Co. Ltd. took a big step this week in the journey toward the long-awaited Nintendo theme park, Super Nintendo World, by breaking ground on a site in Osaka, Japan. Wearing red Mario hats and white gloves ... ( read original story ...)
Japanese fugitive accused of killing Tokyo cop in 1971 arrested
June 7 (UPI) --Tokyo's Metropolitan Police Department said Masaaki Osaka, a left-wing revolutionary accused of killing a police officer with a Molotov cocktail in 1971, has been arrested and charged with murder. Japan has no statute of limitations for ... ( read original story ...)
Japan growth rate revised down but business spending improves
Japan's economy grew slower than initially estimated in the first three months of the year, according to revised figures. Gross domestic product (GDP) expanded 0.3% in the first quarter, compared to 0.5% in last month's preliminary reading. The annualised ... ( read original story ...)
PM assures support for Japanese enterprises
As Japan’s major economic and industrial region, Kansai is home to 10 prefectures including three big cities of Osaka, Kyoto and Kobe with strength in manufacturing industry. The Kansai economic region is worth nearly 931 billion USD, focusing on garment ... ( read original story ...)
Japan Q1 GDP revised down in fragile export-led expansion
TOKYO Japan's economic growth in the January-March period was severely revised down from the original estimate because of a downward adjustment in business inventories, the Cabinet Office said, underscoring the fragility of its export-led expansion. ( read original story ...)
Nagoya Grampus bring back the Gary Lineker days with 25th anniversary kit
It was 25 years ago when Gary Lineker was the main man at Nagoya Grampus Eight, where he scored nine goals in 23 appearances before announcing his retirement from football in September 1994. His last game for the club was watched by none other than Arsene ... ( read original story ...)
Nikkei edges up, but caution prevails ahead of global events
TOKYO, June 8 Japan's Nikkei share average hovered in positive terrain on Thursday, with the yen moving away from recent highs and Wall Street edging up, but market participants were on guard ahead of key events. The Nikkei was up 0.1 percent at 19,993.97 ... ( read original story ...)
Japan to require regional banks to contain bond-holding risk: Nikkei
The new regulation, to be introduced from the fiscal year ending in March 2019, will target Japan's 95 banks that do not hold overseas operations, including Aozora Bank (8304.T), Shinsei Bank (8303.T) and Resona bank (8308.T), the paper said. With their ... ( read original story ...)
Markets & Finance News
TOKYO Asian shares wobbled on Thursday as investors braced for any surprises from the UK elections, the European Central Bank's policy meeting and congressional testimony from ex-FBI director James Comey who was fired by President Donald Trump last month. ( read original story ...)
Vietnam calls for Japan lead in PPP projects
Prime Minister Nguyễn Xuân Phúc arrives at Kansai International Airport to start his visit to Osaka Prefecture yesterday. – VNA/VNS Photo Thống Nhất “The Vietnamese Government commits to creating the best possible conditions for you,” he pledged. ( read original story ...)
Japanese fugitive on the run for 45 years is arrested
For one suspected murderer in Japan, it has been a case of being able to run but not being able to hide. Left-wing revolutionary Masaaki Osaka has been arrested and charged for murdering a police officer during Tokyo street protests more than 45 years ago. ( read original story ...)
Foxconn says Apple, Amazon to join its bid for Toshiba chip business: Nikkei
TOKYO Apple Inc and Amazon.com Inc will join Foxconn's bid for Toshiba Corp's semiconductor business, the Nikkei business daily quoted Foxconn Chairman Terry Gou as saying on Monday. The two U.S. technology giants plan to "chip in funds", Gou said in an ... ( read original story ...)
Noodle major Nissin to enter Chinese potato chip market
Osaka-based Nissin has earmarked Greater China as being central ... cup noodle recently announced plans to spin off its China and Hong Kong businesses in an IPO expected to raise some US$200m to fund more partnerships and acquisitions. ( read original story ...)