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Giappone
Regional firms trying to lure skilled managers from Tokyo and Osaka
In a bid to grow their businesses and plug talent shortages, regional small and midsize companies are increasingly trying to poach managers and other senior staff from big firms in major cities such as Tokyo and Osaka. At a briefing in Tokyo in late March by the Hiroshima Prefectural Government ...
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Giappone
Dollar rises above ¥107.50 on Fed rate hopes
The dollar rose above ¥107.50 in Tokyo trading on Monday, attracting buybacks prompted by stocks’ first upturn in seven market days. At 5 p.m., the dollar stood at ¥107.63-65, up from ¥106.94-94 at the same time Friday. The euro was at $1.1392-1396, down from $1.1421-1421, and at ¥122.63-64, up from ...
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Giappone
BOJ considered negative side of minus rates: minutes
Some Bank of Japan policymakers warned in March of “adverse effects” of negative rates, citing anxiety among financial institutions and depositors, meeting minutes showed Monday. After the minus rate policy was adopted in late January, these members said it had become difficult for market players to understand the central bank’s ...
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Giappone
BOJ board member Sakurai’s Ph.D. credentials questioned
Weekly magazine Shukan Post has raised questions about new Bank of Japan Board member Makoto Sakurai’s credentials, saying there is no record of him submitting a thesis or graduating with a Ph.D. The central bank’s website describes Sakurai, 69, as having “completed a Ph.D. Program in Economics.” While some readers ...
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Giappone
Incoming Seven & I chief promises consensus management
Ryuichi Isaka, incoming president of Seven & I Holdings Co., said he will prioritize dialogue with colleagues in running the retail group. This contrasts with the top-down approach of outgoing Chairman and Chief Executive Officer Toshifumi Suzuki, who is seen as a charismatic manager. Isaka paid diplomatic tribute to Suzuki ...
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Giappone
Tokyo stocks snap six-day losing streak
Stocks snapped their six-day losing streak in Tokyo on Monday, on the back of gains in Wall Street and a halt to the yen’s strengthening. The Nikkei average climbed 109.31 points, or 0.68 percent, to end at 16,216.03. On Friday, it lost 40.66 points. The Topix index rose 8.34 points, ...
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Giappone
Real wages rise in March at sharpest rate in five years
Real wages rose at the fastest pace in more than five years in March, creating hopes for greater consumer spending, government data showed Monday. Average inflation-adjusted wages gained 1.4 percent from a year earlier for the second consecutive month of growth, the Health, Labor and Welfare Ministry said, citing preliminary ...
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Giappone
Following cyberheist, SWIFT technicians accused of leaving Bangladesh Bank exposed to hackers
Bangladesh’s central bank became more vulnerable to hackers when technicians from SWIFT, the global financial network, connected a new bank transaction system to SWIFT messaging three months before a $81 million cyberheist, Bangladeshi police and a bank official alleged. The technicians introduced the vulnerabilities when they connected SWIFT to Bangladesh’s ...
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Giappone Panama Nuova Zelanda
New Zealand prime place to hide money: Panama Papers
New Zealand is at the heart of a tangled web of shelf companies and trusts that are being used by wealthy Latin Americans to channel funds around the world, according to a report on Monday based on the so-called Panama Papers data leak. Local media analyzed more than 61,000 documents ...
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Abu Dhabi's TAQA said to mull international bond issue
Sources say Abu Dhabi National Energy Company is latest state-owned firm to consider finance deal