Financial Insights That Matter THE Bank of Japan must raise short-term interest rates to at least 1 per cent by the second half of fiscal 2025 to contain inflation risks, board member Naoki Tamura said on Thursday. Tamura, a former commercial banker known as among the most hawkish members of the board, said inflationary risks […]
Financial Insights That Matter Japanâs Prime Minister Fumio Kishida (right) with Bank of Japan Governor Kazuo Ueda as new yen banknotes are issued  Author: Jemima Hunter, Features Writer It may be overshadowed by the US dollar or euro, but the yen is the worldâs third most traded currency, accounting for 13 percent of global foreign […]
Financial Insights That Matter Unlock the Editorâs Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. For years, Japanese banks have been the ultimate value trap â cheap on paper, flush with cash and backed by rock-solid balance sheets, yet consistently underwhelming for global investors. The sector […]
Financial Insights That Matter TOKYO (AP) â Toyota (TM) is developing and making electric vehicles and EV batteries in China, the Japanese automaker said Wednesday, under a new partnership with the Shanghai government. Toyota Motor Corp. also announced it will start producing batteries for EVs, hybrids and plug-ins at a new $14 billion facility in […]
Financial Insights That Matter (Bloomberg) — Japanese nominal wages rose at the fastest pace in nearly three decades, supporting the Bank of Japanâs latest rate hike decision and keeping it on track for further tightening steps. Most Read from Bloomberg Nominal cash earnings for workers climbed 4.8% in December from a year earlier, up from […]
Financial Insights That Matter Japan intends to closely monitor the impact on its currency of US President Donald Trumpâs new tariffs and is worried about the international fallout from the trade imposts, Japanese Minister of Finance Katsunobu Kato said. âWe need to carefully see how the exchange rate and other factors will be affected and […]
Financial Insights That Matter TOKYO (Reuters) – Japan’s service activity expanded for a third straight month in January, helped by a rebound in new export business on Asian demand, a private-sector survey showed on Wednesday. The final au Jibun Bank Service purchasing managers’ index (PMI) rose to 53.0 in January from 50.9 in December, the […]
Financial Insights That Matter TOKYO — The five biggest banking groups in Japan have reported a combined net profit of 4.13 trillion yen ($26.8 billion) for the three quarters through December, reaching an all-time high thanks to overseas units and a diverse range of retail operations. Mitsubishi UFJ Financial Group, Japan’s largest bank, said Tuesday its net […]
Financial Insights That Matter Mitsubishi Corporation is conducting a review of its business plans for offshore wind power generation projects in Japan. The reassessment is due to an altered macroeconomic environment for the offshore wind power sector brought about by the Covid-19 pandemic and the Ukraine crisis, which have led to challenges such as inflation, […]
Financial Insights That Matter The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even companies that have no revenue, no profit, and a record of falling short, can manage to find investors. But as Peter Lynch said in One Up On Wall Street‘Long shots […]