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Giappone
Dollar around ¥110.40 in Tokyo after diving below ¥110
The dollar traded around ¥110.40 in Tokyo trading on Wednesday, after plunging below ¥110 for the first time in about 17 months in overnight trading abroad. At 5 p.m., the dollar stood at ¥110.40-41, down from ¥110.46-47 at the same time Tuesday. The euro was at $1.1357-1357, almost unchanged from ...
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Giappone
Nikkei falls for seventh straight day, longest under Abenomics
The Nikkei average fell for a seventh straight session Wednesday under pressure from the stronger yen. The slump has been the longest to date under Abenomics. The Nikkei sank 17.46 points, or 0.11 percent, to end at 15,715.36. On Tuesday, it dived 390.45 points. The average last fell for seven ...
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Giappone
Line audited over in-game virtual currency
Finance Ministry officials investigate whether an item sold in an online game is equivalent to a virtual currency. The post Line audited over in-game virtual currency appeared first on The Japan Times.
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Giappone
BOJ may reach limit to bond purchases in a year, former deputy governor says
Former Bank of Japan Deputy Gov. Kazumasa Iwata says the central bank will run up against the limits of bond purchases by the middle of next year, making the negative interest rate the BOJ’s key tool for monetary policy. Iwata, who was on the central bank’s board from 2003 to ...
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Giappone
MUFG’s trust bank to boost assets administered overseas by 30%
Mitsubishi UFJ Financial Group Inc.’s trust banking arm plans to increase the assets it administers overseas for institutional investors by about 30 percent to $400 billion over the next two years to boost fee income, the unit’s new president said. The trust bank, which has acquired four firms that provide ...
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Giappone
Takeover of Sharp advances Hon Hai’s clean-energy ambitions
Hon Hai Precision Industry Co.’s rescue of Sharp Corp. promises to bolster the Taiwanese electronics maker’s ambitions for a bigger role in clean energy in some of the world’s most polluting countries while also providing a firmer footing in Japan. Hon Hai, also known as Foxconn, which reached a deal ...
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Giappone
Composite economic index down in February
The composite index of economic indicators, reflecting the current state of the economy, fell in February, the government said Wednesday. The index of coincident indicators, such as industrial output, retail sales and new job offers, declined 3.2 points from the previous month to 110.3 against the 2010 base of 100, ...
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Giappone
Abe rules out intervention to weaken resurgent yen
Prime Minister Shinzo Abe has ruled out intervening in currency markets to halt a surge in the yen, even though it sat near a 1½-year high against the dollar Wednesday. Huge volatility on equity markets driven by worries about the slowdown in global growth have sent traders scurrying for the ...
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Cina Giappone Myanmar
China seeks ‘new chapter’ in first visit with Myanmar’s Suu Kyi
China and Myanmar pledged to open a “new chapter” in their sometimes strained relationship, raising the prospect that stalled Chinese investment projects in the Southeastern Asian country could be allowed to resume. Aung San Suu Kyi, head of Myanmar’s ruling National League for Democracy and newly installed foreign minister, and ...
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Giappone
Seven-Eleven Japan President Isaka to be replaced: sources
Retail giant Seven & I Holdings Co. is expected to replace the president of its convenience store arm Seven-Eleven Japan Co. despite good performance, informed sources said. Vice President Kazuki Furuya, 66, will be named successor to President Ryuichi Isaka, 58, at a board meeting Thursday, the sources said. Isaka ...