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Giappone
Dollar falls below ¥113.50 in Tokyo
The dollar dropped below ¥113.50 in Tokyo trading on Tuesday, weighed down by the downbeat Japanese stock market and a fall in crude oil prices following the Bank of Japan’s decision not to ease its monetary policy further. At 5 p.m., the dollar stood at ¥113.05-05, down from ¥113.76-76 at ...
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Giappone
Tokyo stocks snap three-day winning streak on BOJ inaction
Stocks snapped their three-session winning streak on the Tokyo Stock Exchange Tuesday, pressured by profit-taking and some selling in disappointment after the Bank of Japan decided against additional monetary easing measures. The 225-issue Nikkei average lost 116.68 points, or 0.68 percent, to end at 17,117.07. On Monday, the key market ...
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Giappone
Japan’s first test of renewably produced hydrogen fuel planned
Toyota Motor Corp. and two other Japanese companies said they will operate forklifts using hydrogen produced using renewable technology in a test program starting this autumn. It will be the first industrial use of hydrogen in Japan, the companies said Monday. The two other firms are Toshiba Corp. and Iwatani ...
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Giappone
Nomura to raise pay for 3,700 employees at Japan brokerage
Nomura Holdings Inc. will raise salaries for staff at its Japanese brokerage for a third year. Base pay for about 3,700 employees at the Nomura Securities Co. unit will climb an average 2 percent starting in April, Kenji Yamashita, a spokesman for the Tokyo-based firm, said Monday by phone. The ...
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Giappone
Japan’s industrial production up 3.7% in January
Industrial production in Japan rose 3.7 percent in January from the previous month, the Ministry of Economy, Trade and Industry said in a revised report Tuesday, unchanged from a preliminary reading. The seasonally adjusted production index for the manufacturing and mining sectors stood at 99.8 against the 2010 base of ...
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Giappone
Sony buys late pop star Michael Jackson’s music venture stake
Sony said Tuesday it will pay Michael Jackson’s estate $750 million for the late pop star’s share of a music venture that owns the rights to songs by some of the biggest names in music history. The deal will see the Japanese firm pick up Jackson’s 50 percent stake in ...
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Giappone Myanmar
Japanese trading firms seen boosting their presence in Myanmar
Major Japanese trading houses are expanding their operations in Myanmar ahead of the incoming government lead by Aung San Suu Kyi at the end of this month. Mitsui & Co. and Marubeni Corp. both have launched projects to produce agricultural fertilizers locally, while Mitsubishi Corp., Itochu Corp. and Sumitomo Corp. ...
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Giappone
European development bank opens new office in Tokyo
The European Bank for Reconstruction and Development has opened a new representative office in Tokyo to boost ties with Japanese firms and attract private-sector investment to regions it supports. “I do believe we can do a lot more together with our Japanese friends,” EBRD President Suma Chakrabarti said at the ...
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Giappone
Sony to expand nationwide U.S. network of online TV ‘bundles’
Sony said Monday its Internet-based television service aimed at luring consumers away from cable subscriptions was being expanded to the entire U.S. market. The PlayStation Vue will offer streamlined “bundles” for as little as $30 a month without long-term contracts. The network, launched in a handful of U.S. cities a ...
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Giappone
BOJ’s negative rate move proving a gold mine for bullion retailers
The nation’s negative interest rates are boosting demand for gold, according to its biggest bullion retailer. International prices have rallied 18 percent this year as investors seek a haven from financial market turmoil. For individual investors, the Bank of Japan’s surprise move in January is adding to gold’s allure, according ...