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 […]
CashNews.co TOKYO (AP) — Japan, a nation so hardworking its language has a term for literally working oneself to death, is trying to address a worrisome labor shortage by coaxing more people and companies to adopt four-day workweeks. The Japanese government first expressed support for a shorter working week in 2021, after lawmakers endorsed the […]
CashNews.co Japan’s fiscal 2025 initial budget requests likely hit a record of over 117 trillion yen ($808 billion), a record high for the second straight year, a Kyodo News tally showed Friday, with social security and defense spending swelling. Requests from the Defense Ministry and the health ministry, which is in charge of medical and […]
CashNews.co (Bloomberg) — Japan’s financial regulator plans to examine how major banks manage risks tied to securities investment and foreign-currency liquidity as they adjust to “a world with interest rates.” Most Read from Bloomberg In its annual policy guidance released on Friday, the Financial Services Agency pointed to uncertainty over the global economy and markets […]
CashNews.co TOKYO (Reuters) – Japan’s jobless rate in July rose to 2.7% from 2.5% in June, government data showed on Friday. The seasonally adjusted unemployment rate compared with economists’ median forecast of 2.5%. The jobs-to-applicants ratio in July rose to 1.24 from 1.23 in June, separate labour ministry data showed. The median forecast was for […]
CashNews.co (Bloomberg) — The Japanese government needs to impose an anti-dumping tariff on Chinese steel exports to protect the domestic industry, said Nippon Steel Corp., the world’s fourth largest steelmaker. Most Read from Bloomberg The company is lobbying the government to take protective measures alongside other steelmakers, amid concerns that exports from China will increase […]
CashNews.co TOKYO — Budget requests for fiscal 2025 by Japanese government agencies have clocked in at an all-time high of more than 117 trillion yen ($807 billion), a Nikkei tally shows, as debt-servicing costs and defense spending soar. The Ministry of Finance will examine these proposals to draw up a draft budget, due out by […]
CashNews.co TOKYO — MUFG Bank in October will become Japan’s first leading bank to start handling electricity futures transactions on the Tokyo Commodity Exchange, a move that could help breathe new life into a currently sluggish market. The bank has received the necessary approval from the Tokyo Commodity Exchange, which is part of the Japan […]
CashNews.co As Japan’s stock markets continue to make modest gains, with the Nikkei 225 Index rising 0.8% and the broader TOPIX Index up 0.2%, investors are increasingly optimistic about the Bank of Japan’s commitment to normalizing monetary policy amid stable inflation trends. This backdrop presents a unique opportunity to explore lesser-known stocks that may offer […]
CashNews.co Stay informed with free updates Simply sign up to the Japanese business & finance myFT Digest — delivered directly to your inbox. In a courageous bit of cross-platform marketing, the chief executive of Japanese investment bank Nomura has begun appearing in adverts for the country’s most aggressive online job-seeking platform, Bizreach. “Let’s take on […]