-
Giappone
Some experts say Japan’s stimulus package shows promise; others feel more debt is the wrong medicine
Prime Minister Shinzo Abe’s attempt to bolster the country’s moribund economy with a ¥28 trillion stimulus package Tuesday has experts asking whether massive government spending is really the best medicine for a country with snowballing debts. Some economists see the fresh round of stimulus as a positive sign since it ...
-
Giappone
Cabinet backs infrastructure investment, better welfare services in ¥28 trillion stimulus package
Prime Minister Shinzo Abe looks to pull Japan out of deflation with a huge spending program. The post Cabinet backs infrastructure investment, better welfare services in ¥28 trillion stimulus package appeared first on The Japan Times.
-
Giappone
Honda’s quarterly profit sinks 6% after Kumamoto quake damage
Honda Motor Co. recorded a better-than-expected ¥174.6 billion profit ($1.7 billion) for the fiscal first quarter, as it gradually recovers from damage caused by the earthquakes in Kumamoto Prefecture. Honda said Tuesday that April to June profit fell 6 percent from a year ago, when the Japanese automaker earned ¥186 ...
-
Giappone
Dollar slips below ¥102 in Tokyo on JGB, stock sell-offs
The dollar sank below ¥102 in Tokyo trading on Tuesday, dragged down by heavy losses in Japanese equities and government bonds. At 5 p.m., the dollar was quoted at ¥101.66-66, down from ¥102.38-38 at the same time Monday. The euro was at $1.1199-1199, up from $1.1168-1168, and at ¥113.84-91, down ...
-
Giappone
Listed firms see profits tank in April-June due to yen’s ascent: survey
Major Japanese listed companies suffered sharp year-on-year declines in sales and profits in the April to June period due to the yen’s recent rises, a survey has found. According to the tally of consolidated earnings at 546 nonfinancial companies listed on the Tokyo Stock Exchange’s first section released by Monday, ...
-
Giappone
Clouds lifting for Japan’s banks as negative rates stay put
The Bank of Japan’s decision not to drag interest rates further below zero provides relief for the nation’s banks after shrinking lending profits crimped first-quarter earnings. Combined net income at Mitsubishi UFJ Financial Group Inc. and its two mega-bank peers fell 28 percent from a year earlier to ¥505.8 billion ...
-
Cina Giappone
Didi’s dominance of Uber in China offers road map for ride-hailing competitors
China ride-hailing service Didi Chuxing’s dominance of Uber Technologies Inc. in the China market may provide a play book for other regional rivals to fend off the biggest U.S. ride-hailing company, especially in other Asian countries. The two companies Monday confirmed the sale of Uber China to its chief competitor, ...
-
Giappone
Nikkei average falls back on stronger yen
The key Nikkei average pulled back on the Tokyo Stock Exchange Tuesday, affected by falls in energy-related names and export-oriented companies, amid the yen’s appreciation versus the dollar. The 225-issue Nikkei average tumbled 244.32 points, or 1.47 percent, to end at 16,391.45. On Monday, the key market gauge climbed 66.50 ...
-
Cina Giappone
Nippon Express ties up with Alibaba in shipping to China
Nippon Express Co. has agreed to cooperate with Chinese e-commerce giant Alibaba Group Holding Ltd. in shipping Japanese products to China, company officials said Tuesday. Under the deal, Nippon Express will transport goods by air for Japanese firms doing business on Alibaba’s Tmall Global online mall, while home delivery in ...
-
Giappone Singapore
Singapore’s Lee says U.S. credibility on the line over TPP trade agreement
American credibility is on the line over the Trans-Pacific Partnership, Singapore Prime Minister Lee Hsien Loong said Monday, urging its ratification despite growing political opposition in the U.S. to the 12-nation free trade pact. Lee acknowledged that the TPP is politically difficult in a tough election year because of American ...