CashNews.co Japanese companies cannot use a national security designation as a tool to thwart foreign takeovers, a senior Finance Ministry official said, pushing back at speculation Tokyo’s foreign exchange act could be manipulated for protectionism. The comments follow media reports retail giant Seven & I Holdings is seeking to be classified as “core” to national […]
CashNews.co (Bloomberg) — A unit of Ryobi Holdings Co., a bus route operator in rural Japan, is setting up an AI-powered hedge fund specializing in forex to survive a sharp drop in the country’s population outside Tokyo. Most Read from Bloomberg Ryobi has enlisted Kyosuke Suzuki, a former currency trader at Societe Generale SA, to […]
CashNews.co Stay informed with free updates Simply sign up to the Japanese business & finance myFT Digest — delivered directly to your inbox. The chief executive of Mitsubishi has called for a more active strategy from the government to help Japanese companies counter increasing Chinese competition in their traditional stronghold of south-east Asia. Katsuya Nakanishi […]
CashNews.co Japan Securities Finance Co (JP:8511) has released an update. Japan Securities Finance Co., Ltd. has completed a market repurchase of 157,300 shares of its common stock, costing a total of 312,057,200 yen, as part of a larger buyback program authorized by the Board of Directors to repurchase up to 1.9 million shares by March […]
CashNews.co (Bloomberg) — Mizuho Financial Group Inc.’s asset management unit is planning to launch an active fund specializing in large-cap Japanese stocks by the end of this year, betting investors that have been flocking to foreign equity index products will return to the home market. Most Read from Bloomberg Asset Management One Co. aims to […]
CashNews.co By Miho Uranaka and Brigid Riley TOKYO (Reuters) – Mizuho subsidiary Asset Management One aims to raise half a trillion yen ($3.4 billion) for its first Japanese stocks fund investing in big companies, in a bet global investors will stick with Japanese equities even after a market collapse in early August. The new fund […]
CashNews.co From left to right: Chris Liao (General Manager of First Financial Investment Trust), Shinozaki Yuichiro (Managing Director of SoftBank Group), Rose Kao (Portfolio Manager of FSITC), Lily Huang (Portfolio Manager of FSITC), Simon Lee (Managing Director of Qraft Technologies) (Photo: Business Wire) AI-Powered Fund is Designed to Capture Long-Term Growth Opportunities in the Japanese […]
CashNews.co At shortly after 10am on Friday, with torrential rain lashing the doors and a potential $50bn takeover bid in the air, three people are queueing at the original Toyosu branch of 7-Eleven in Tokyo. One of them is buying a croissant and coffee; one is buying a Yakult, a salmon roe rice ball and […]
CashNews.co Japan became the focus of investors’ attention in the global market turbulence at the beginning of August. Mainly because it was seen by many as one of the main ingredients in the fatal mix that led global markets to retreat. In what was a surprise move for most market participants, the Bank of Japan (BoJ) […]
CashNews.co TOKYO — As international visitors flock to Japan, their shopping and dining have put such a strain on credit card companies here that some are considering charging higher fees for foreign-issued cards. When a foreign-issued credit card is used in Japan, the Japanese card company that processes transactions for the merchant must pay fees […]