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Giappone
Land prices cease falling in Japan amid demand for tourist infrastructure
Average commercial land prices in Japan were almost flat in July, an improvement from eight straight years of decline, thanks partly to robust demand for city hotel and shop construction to meet foreign tourist demand, the government said Tuesday. Prices across the country were up 0.005 percent on July 1 ...
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Giappone
As BOJ begins two-day meeting, all eyes on review of monetary policy
The Bank of Japan kicked off a two-day policy meeting Tuesday amid growing speculation that the BOJ may further loosen its monetary grip after carrying out a “comprehensive assessment” of the aggressive easing steps it has implemented over the past three years. BOJ Gov. Haruhiko Kuroda said in a Sept. ...
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Giappone
Nikkei dips on Fast Retailing sale, strong yen
The Nikkei average fell slightly on Tuesday, dragged down by heavyweight component Fast Retailing and the strong yen. The Nikkei lost 27.14 points, or 0.16 percent, to end at 16,492.15. On Friday, it climbed 114.28 points. But the Topix closed up 5.47 points, or 0.42 percent, at 1,316.97, after rising ...
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Giappone
In hot water, bathroom fittings firm Lixil hires outsider to fix pipes
Early last year, big bets started to go wrong for a Japanese giant of toilets and faucets. Founded in a five-firm merger, fattened by a spree of global acquisitions, Lixil Group Corp. was suddenly rocked by a Chinese accounting scandal. After a ¥66.2 billion writedown, Lixil turned to an outsider ...
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Giappone
Commodities exchange gets trading system upgrade
The Tokyo Commodity Exchange on Tuesday put into operation a new trading system that includes extended hours to permit trading at times when economic data is announced. It will also facilitate higher-speed transactions. It is the first such upgrade for the exchange since May 2009, aiming to improve convenience for ...
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Giappone
IMF lending nations seek veto power over bilateral credit lines
Countries that provide bilateral credit lines to the International Monetary Fund want the power to veto loans drawn from those precautionary arrangements, according to people familiar with the discussions. The IMF has been in talks with more than 30 countries that made available $393 billion to the fund in 2012 ...
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Giappone
Panel to examine options for wrecked Fukushima plant
A panel of experts will discuss reforms at Tokyo Electric Power Company Holdings Inc., including the costly plans to scrap its Fukushima No. 1 nuclear power plant, Industry minister Hiroshige Seko said Tuesday. The costs of decommissioning the plant, ravaged by the 2011 triple meltdown, is expected to far exceed ...
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Giappone
Takata lines up bids despite uncosted liabilities
Embattled air bag supplier Takata Corp. is moving forward with an auction of the company as private-equity firms and car parts makers line up offers. Suitors include Carlyle Group LP, which is working with Chinese-owned air bag manufacturer Key Safety Systems Inc.; Daicel Corp., a Japanese manufacturer of air bag ...
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Giappone
With no growth locomotive, world economy struggles to gain speed
Here’s what’s wrong with the world economy: No nation has the will or the way to be the locomotive for global growth. The Federal Reserve looks set to hold off from raising interest rates again this week partly because of concerns that such a move would drive up the dollar ...
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Cina Giappone
Japan steelmakers suffer as China squeezes coal industry, sending fuel price soaring above $200
The nation’s steel makers are set to pay for China’s effort to manage its coal industry as a surge in metallurgical prices flow through to quarterly supply contracts. Spot hard coking coal has more than doubled this year to trade above $205 a metric ton, and the gain will be ...