CashNews.co By Tim Kelly and Katya Golubkova TOKYO (Reuters) – Japan and the United States should avoid confrontation about the steel industry and work together amid competition from China, the world’s top steelmaker, leading prime ministerial candidate Shinjiro Koizumi said on Saturday. Sources told Reuters on Friday that a powerful U.S. national security panel reviewing […]
CashNews.co Intro and backdrop Numerous phrases and terms were used by the outgoing Kishida Administration, starting with “A New Form of Capitalism”, “Doubling household wealth”, “(becoming an) Asset Management Center” and finally, the four “Global Financial Cities”. Early in the administration, the visions of “A New Form of Capitalism” and then “Doubling household wealth” were […]
CashNews.co By Leika Kihara TOKYO (Reuters) – Sanae Takaichi, Japan’s minister in charge of economic security and a leading candidate in the ruling party’s leadership race, said on Friday the central bank should not raise interest rates yet as the economy is on the cusp of emerging from stagnation. “The economy is only starting to […]
CashNews.co (Bloomberg) — The drama over a takeover proposal for Seven & i Holdings Co. has gotten investors interested in other Japanese retailers such as Aeon Co., boosting their share prices. Most Read from Bloomberg Shares of Aeon, Japan’s third-biggest retailer in terms of market value, have extended their gains to about 25% this year […]
CashNews.co The Japanese finance ministry on Friday designated the parent company of 7-Eleven a “core” industry, a move that could make a takeover by Canadian rival Couche-Tard more difficult. Other entities rated the same in Japan include manufacturers in the nuclear, rare earths, and chip industries, as well as cybersecurity and infrastructure operators. Last week […]
CashNews.co Photograph: Shutterstock Japan’s Ministry of Finance, under the country’s Foreign Exchange and Foreign Trade Act, has added Tokyo-based 7-Eleven convenience-store parent Seven & i Holdings Co. Ltd. to an updated list of “core” companies. The designation sets up a potential hurdle for Alimentation Couche-Tard Inc.’s attempt to acquire the global convenience-store company, Bloomberg first […]
CashNews.co By Makiko Yamazaki TOKYO (Reuters) -Japanese retail giant Seven & i Holdings has been classified as “core” to national security, according to an updated finance ministry list released on Friday. The classification has raised questions as to whether it is a defensive manoeuvre by the owner of 7-Eleven convenience stores which last week rejected […]
CashNews.co (Bloomberg) — The nine candidates vying to become Japan’s next leader differed over the urgency of restoring the nation’s fiscal health in a leadership press conference Friday that focused heavily on internal party matters. Most Read from Bloomberg While many of the contenders emphasized the need for targeted spending to help low-income households deal […]
CashNews.co As the world’s biggest convenience store chain, 7-Eleven operates more than 85,000 outlets globally (Richard A. Brooks) The Japanese finance ministry on Friday designated the parent company of 7-Eleven a “core” industry, a move that could make a takeover by Canadian rival Couche-Tard more difficult. Other entities rated the same in Japan include manufacturers […]
CashNews.co TOKYO (Reuters) – Japanese retail giant Seven & i Holdings has been classified as “core” to national security, according to the latest update of the finance ministry’s list for security reviews released on Friday. The regular update for the classifications, under the Foreign Exchange and Foreign Trade Act (FEFTA), comes a week after Seven […]