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Giappone
Japan’s Idemitsu Kosan, Showa Shell to merge on April 1
Japanese refiner Idemitsu Kosan Co and smaller rival Showa Shell Sekiyu will merge on April 1 next year, the two companies said on Friday. Japan’s No.2 and No.5 refiners by revenue agreed last November in a deal worth about $4 billion to create the nation’s second-biggest refiner sometime between October ...
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Giappone
Dollar rises above ¥104 in Tokyo; British pound rallies
The dollar rebounded above ¥104 in Tokyo trading Friday on buybacks, but its topside was capped by lingering uncertainties over Britain’s national referendum next week on whether to leave the European Union. At 5 p.m., the dollar stood at ¥104.24-24, up from ¥103.93-93 at the same time Thursday. The British ...
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Giappone
Japan’s pensions bought local shares, sold bonds last quarter
The nation’s public pension funds bought domestic stocks and sold bonds last quarter as equities posted their worst start to a year in two decades and yields plumbed new depths below zero. The funds purchased ¥965.4 billion worth of local shares in the three months ended March 31, and sold ...
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Giappone
Subscribers to low-cost smartphone service providers growing
The number of subscribers to low-cost smartphone services has been growing rapidly. The number rose 65.5 percent to 5.39 million at the end of March from a year before and is expected to reach 11.7 million by the end of March 2018, MM Research Institute Ltd. said. Low-cost smartphone services ...
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Giappone
The only certainty for world’s central bankers is uncertainty
From the immediate possibility of Britain leaving the European Union to the longer-term consequences of aging populations, the world’s major central banks this week just are not sure what to do next. Officials from the U.S., Japan, the U.K. and Switzerland all opted to keep monetary policy unchanged this week ...
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Giappone
Yen may climb as Japan faces another lost decade: Moody’s
Japan is headed for another lost decade as the economy faces prolonged stagnation and the yen will probably strengthen more as deflation continues, Moody’s Analytics said. The yen surged to its strongest level in almost two years against the dollar Thursday, touching 103.55, after the Bank of Japan held back ...
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Giappone
Japan household assets mark first drop in nearly six years
Assets held by Japanese households dropped 0.6 percent at the end of March from a year earlier to ¥1.7 quadrillion, taking a hit from a strong yen and subsequent sharp falls in stock prices, Bank of Japan data showed Friday. The figure, which fell from a record-high of ¥1.74 quadrillion ...
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Giappone
Government expresses ‘urgency’ over yen’s 6% gain this month
The yen weakened slightly Friday but then continued strengthening again as traders doubted Japan’s ability to rein in the currency’s rally to a 22-month high. The post Government expresses ‘urgency’ over yen’s 6% gain this month appeared first on The Japan Times.
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Giappone
Tokyo stocks rally on buybacks
Stocks staged a rally on the Tokyo Stock Exchange Friday, backed by buybacks and buying on dips following the previous day’s plunge. The 225-issue Nikkei average rose 165.52 points, or 1.07 percent, to end at 15,599.66. On Thursday, the key market gauge tumbled 485.44 points to end at the lowest ...
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Giappone
Japan’s government retains economic assessment despite corporate profit downgrade
The government Friday maintained its assessment that the domestic economy is recovering moderately, while downgrading its view of corporate profits due to falling commodity prices and a firmer yen. The Cabinet Office said in its report for the fourth straight month that the economy is experiencing “a moderate recovery, while ...