CashNews.co TOKYO — Japan’s household debt is outpacing income amid surging home prices, raising concern about the ability of borrowers to keep up with payments as the Bank of Japan considers further rate increases. Liabilities held by households of two or more averaged 6.55 million yen ($43,500) in 2023, topping the average annual income of 6.42 million yen for […]
CashNews.co (Bloomberg) — Support for Japanese Prime Minister Shigeru Ishibaâs ruling coalition is continuing to soften in the runup to this coming weekendâs election, two polls showed, indicating the possibility that the vote may result in a weakened and unstable administration. Most Read from Bloomberg A Kyodo News poll showed 22.6% of respondents backing Ishibaâs […]
CashNews.co By Leika Kihara TOKYO (Reuters) – The Bank of Japan holds a two-day policy meeting concluding on Oct. 31, days after a general election where new Prime Minister Shigeru Ishiba faces a key test on his agenda to prop up wages and revitalise the country’s weak regional economies. Here is a guide on what […]
CashNews.co Bank of Korea Governor Rhee Chang-yong answers lawmakers’ questions during an inspection by the National Assembly’s planning and finance committee at the central bank’s headquarters in Seoul on Monday. (Yonhap) Central bank chiefs from South Korea, China and Japan held a meeting in Beijing on Thursday to discuss a variety issues, including economic and […]
CashNews.co Tokyo, October 11, 2024âFollowing a recommendation issued on September 25, 2024, by Japan’s Securities and Exchange Surveillance Commission to impose an administrative monetary penalty against Nomura Securities Co., Ltd. for Japanese government bond futures transactions conducted in March 2021, Japan’s Ministry of Finance today announced the suspension of Nomura Securities’ Special Entitlements of JGB […]
CashNews.co Financial education for children in Japan has taken on greater urgency since the country lowered the age of adulthood from 20 to 18 in 2022. One reason major securities firms are expanding financial education programs for Japanese elementary school children is to teach the importance of responsible money management. The programs are designed to […]
CashNews.co TOKYO — Japan’s Mitsubishi Corp. said Friday that it will indirectly take a stake in leading Philippine fintech company Global Fintech Innovations, better known as Mynt, as it looks to bolster digital finance operations in the country. Mitsubishi plans to acquire 50% of AC Ventures Holding, a unit of Philippine conglomerate Ayala Group and […]
CashNews.co (Bloomberg) — Some of Japanâs largest financial institutions have halted trading securities with Nomura Holdings Inc. as the fallout from its market manipulation scandal spreads, according to people familiar with the matter. Most Read from Bloomberg At least 10 firms, which include major life insurers, trust banks and asset management firms, have temporarily suspended […]
CashNews.co The Japanese governmentâs financing of natural gas projects worldwide, via its international development lender, has resulted in environmental degradation and human rights violations, according to recent report. The report by the NGO Friends of the Earth (FoE) Japan notes that the Japan Bank for International Cooperation (JBIC) has provided $18.6 billion for […]
CashNews.co Japan’s stock markets have shown positive momentum recently, with the Nikkei 225 Index gaining 2.45% and the broader TOPIX Index up 0.45%, supported by yen weakness that has improved profit outlooks for exporters amid a backdrop of cautious central bank policies. In this environment, evaluating high-growth tech stocks involves considering factors such as their […]