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Giappone
Japan’s national debt climbs to a dizzying ¥1,049.37 trillion
Central government debt stood at ¥1,049.37 trillion — or just over 1 quadrillion — at the end of March, up ¥4.78 trillion from three months earlier, the Finance Ministry said Tuesday. The growing debt reflects a lack of financial resources amid ballooning social security costs in rapidly aging Japan. According ...
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Giappone
Dollar retakes ¥108.50 on surging stocks
The dollar topped ¥108.50 in Tokyo trading on Tuesday, buoyed by surging stocks. At 5 p.m., it stood at ¥108.88-89, up from ¥107.63-65 at the same time Monday. The euro was at $1.1390-1391, down from $1.1392-1396, and at ¥124.02-03, up from ¥122.63-64. The greenback hovered around ¥108.30-40 in the early ...
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Giappone
Nikkei gains 2.15% on easier yen
Stocks gained further ground on the Tokyo Stock Exchange on Tuesday as the dollar’s appreciation against the yen prompted continued buybacks. The Nikkei average jumped 349.16 points, or 2.15 percent, to end at 16,565.19. On Monday, it climbed 109.31 points. The Topix index rose 28.24 points, or 2.16 percent, to ...
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Giappone
Unfriendly activist battles Japan CEOs to wrest returns by force
Tsuyoshi Maruki stands out like a lone wolf in Japan, where societal intolerance for aggressive shareholder campaigns has spurred a breed of friendly activists. Not Maruki. Where persuasion does not work, he turns to techniques that include banding with other investors to oust management and filing lawsuits to overhaul corporate ...
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Giappone
Son looks to listing to plug SoftBank’s $22 billion valuation gap
Masayoshi Son’s promises of a turnaround for his U.S. operations and a record share buyback have not been enough to erase SoftBank Group Corp.’s $22 billion valuation gap. The billionaire founder has at least one more card to play — listing the company’s domestic telecommunications business. SoftBank has a market ...
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USA Giappone
Five million new Takata recalls ordered in Japan
The transport ministry has ordered the nation’s automakers to make further recalls of vehicles fitted with Takata Corp. air bag inflators of the kind being replaced in the United States, ministry officials said Tuesday. The instruction made by the Ministry of Land, Infrastructure, Transport and Tourism could result in a ...
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Giappone Regno Unito
Japan’s financial regulator to scrutinize banks’ stress tests
The nation’s financial regulator is stepping up oversight of its biggest banks while stopping well short of imposing the type of intrusive stress tests that have been adopted in the U.S. and Europe. Unlike the Federal Reserve and the Bank of England, which conduct annual examinations of the large banks ...
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Giappone
Hyperloop super-fast rail to hit milestone with Las Vegas demonstration
Elon Musk’s vision of a Hyperloop transport system that carries passengers in pressurized tubes at near-supersonic speeds is on track to hit a milestone on Tuesday. Musk outlined his futuristic idea in a paper released in 2013, challenging innovators to bring the dream to life. Hyperloop Technologies, one of the ...
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Giappone
Bereaved father finds solace in figurine of daughter
A father’s grief over the loss of his daughter has spawned a new industry: figurines of deceased relatives made with 3-D printing. The work of an Osaka-based printing company, the models are already proving popular and are helping families recover from bereavement. A plaster figure of a young, lively girl ...
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Abu Dhabi issues $5bn bonds as it seeks to gap budget deficit
Department of Finance chief says bonds were oversubscribed, with over 600 orders exceeding $17bn