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Giappone
BOJ’s surprise easing step powerful but risky
Bank of Japan Gov. Haruhiko Kuroda has surprised the market again by introducing a negative interest rate, but the decision indicates the central bank has been pushed into a corner in its battle against deflation. The new easing measure, which one analyst likened to a “powerful drug,” could have both ...
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Giappone
Kuroda’s negative interest rates shock at BOJ heralds return to currency war
The yen dropped the most in more than a year after Bank of Japan Gov. Haruhiko Kuroda unexpectedly adopted negative interest rates, risking another round of competitive devaluations. The currency fell against all 16 of its major peers after the central bank voted 5-4 to apply an interest rate of ...
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Giappone
Foreign population in Japan jumps to record high
The number of foreign workers in Japan totaled 907,896 at the end of October, the most since the government started requiring employers to submit reports on their non-Japanese employees in 2007, the labor ministry said. The figure, up 15.3 percent from a year before, reflects a rise in students from ...
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Giappone
Kansai Electric projects first net profit in five years as reactors restart
Kansai Electric Power Co. said Friday that it expects to swing to a group net profit for the first time in five years in the fiscal year through March, helped by the restart of a reactor at its Takahama nuclear plant in central Japan. At a news conference in Osaka, ...
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Giappone
Hon Hai chief to visit Sharp, present new bailout proposal
Terry Gou, chairman of Taiwan’s Hon Hai Precision Industry Co., was set to visit Sharp Corp. on Saturday to present a new bailout proposal, informed sources told Jiji Press. The new proposal includes supply of growth capital that exceeds the ¥300 billion in capital that Innovation Network Corp. of Japan, ...
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Giappone
Hello Kitty parking lot opens in Tokyo’s Asakusa district
Character goods maker Sanrio Co. and Mitsui Fudosan Realty Co. have opened a car-parking space featuring Hello Kitty, the beloved kitten character, in Tokyo’s Asakusa district. As Hello Kitty is also popular outside Japan, the car-parking lot near the Kaminarimon entrance gate of Sensoji, a major temple in Asakusa that ...
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India
Arun Jaitley vows more reforms
Pledging to continue structural reforms to accelerate growth, finance minister Arun Jaitley on Saturday said India has the potential to grow at 8-9 per cent, and only a higher growth rate can end poverty.
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India
ET Global Business Summit: Government and India Inc can together shape India's growth story, say top CEOs
Kumar Birla rated the demographic dividend as the biggest positive for India, that was endorsed by Sunil Mittal later.
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India
Banks to get enough capital, want them to deal with NPAs: Jayant Sinha
The government will provide as much capital as required to public sector banks, but these banks must also clean up their books of bad loans, Sinha said.
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India
SBI, BoB and other PSBs creating anti-money laundering framework for overseas branches
While the priority is to have AML framework in place in Europe and US, it is also being created in Dubai, South Africa, Mauritius and Singapore.