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Giappone
Poll finds over 60% favor delay for Japan’s consumption tax hike
Nearly 65 percent of respondents in a monthly Jiji Press survey released Friday said the planned consumption tax hike from 8 percent to 10 percent in April 2017 should be postponed. In the April poll, 64.8 percent said the tax hike should be delayed, while 28.9 percent said it should ...
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Giappone
Japan’s Seven& I Holdings to promote Isaka to president
Seven & I Holdings Co. is poised to promote Ryuichi Isaka, head of its Seven-Eleven Japan Co. convenience store unit, to president of the holding company after activist investor Daniel Loeb intervened in an attempt to oust him, a person familiar with the matter said. The Seven & I nomination ...
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Giappone
Toyota, Honda suspend plants rattled by Kumamoto quake
Toyota Motor Corp. and Honda Motor Co. were among companies that suspended operations Friday after a powerful earthquake struck Kyushu, damaging factories and supply chains. Flights and trains were also disrupted after the magnitude-6.5 quake, which struck at around 9:26 p.m. on Thursday. Companies operating in the region scrambled to ...
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Giappone
Tokyo stocks fall back, hit by selling on rally
Stocks turned lower on the Tokyo Stock Exchange Friday, pressured by selling on a rally after the recent sharp advance. The 225-issue Nikkei average lost 63.02 points, or 0.37 percent, to end at 16,848.03. On Thursday, the key market gauge jumped 529.83 points to a two-week high. The Topix index ...
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USA Giappone
Kuroda ally says BOJ should use easing now rather than later
The Bank of Japan should expand already-record stimulus at its April meeting, as a wait-and-see stance risks further appreciation of the yen, according to Takatoshi Ito, a former colleague of BOJ Gov. Haruhiko Kuroda. “It would be better for the BOJ to act in April,” Ito, currently a professor at ...
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Giappone
Top three banks to charge fees on deposits of foreign lenders in Japan
The nation’s three largest banks plan to start charging fees on some deposits held by foreign financial institutions in an attempt to improve their earnings in the wake of the Bank of Japan’s negative interest rate policy, sources close to the matter said Friday. The Bank of Tokyo-Mitsubishi UFJ is ...
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Giappone
Toshiba, Fujitsu, Vaio may abandon talks on PC integration
Talks to integrate the personal computer units of Toshiba Corp., Fujitsu Ltd., and Vaio Corp. are on the verge of breaking down, sources close to the matter said Friday. Negotiations have foundered on a range of disagreements, including the need for restructuring. The three companies have been unsuccessful in drawing ...
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USA Giappone
G-20 confirms excessive currency moves undesirable: Aso
Finance chiefs from the Group of 20 economies agreed Thursday that excessive moves in exchange rates are undesirable, according to Finance Minister Taro Aso, who added that the global economy still faces downside risks. Prior to a two-day gathering in Washington, Aso told U.S. Treasury Secretary Jack Lew that Tokyo ...
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Cina Giappone
Chinese economy posts weakest growth since 2009, but signs of recovery emerge
China’s economy grew at its slowest pace in seven years in the first quarter, but indicators from the consumer, investment and factory sectors point to nascent signs that the slowdown in the world’s second-largest economy may be bottoming out. Official data on Friday showed gross domestic product (GDP) grew 6.7 ...
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Cina Giappone Panama Hong Kong
Panama Papers reveal Hong Kong’s murky financial underbelly
Jasmine Li was still a student when she opened her first offshore bank account through Mossack Fonseca Hong Kong, but the shady world she entered that day had been part of the city’s underbelly for decades. The granddaughter of China’s then fourth-ranked politician was among dozens named in a vast ...