Tag: Japan

CashNews.co Nishimura & Asahi has become the only one among Japan’s five largest law firms to launch a direct branch office in Hong Kong, mainly targeting Japanese corporations with subsidiaries or branches in the global financial centre. Ryuichi Sakamoto Ryuichi Sakamoto, a finance partner and the representative of Nishimura & Asahi’s Hong Kong office, tells […]

CashNews.co (Bloomberg) — The Bank of Japan shouldn’t raise interest rates again before March next year, according to Yuichiro Tamaki, a key potential ally for Japan’s weakened government. Most Read from Bloomberg The central bank needs to closely examine the results of next year’s wage deal results before moving on policy again, Tamaki told Bloomberg […]

CashNews.co Scandals are mounting at Nomura Holdings Inc., threatening to derail a turnaround plan at Japan’s biggest brokerage just as it’s beginning to bear fruit. Chief executive officer Kentaro Okuda and other top managers agreed on Thursday to take a pay cut after the firm admitted an employee manipulated the bond market, prompting several firms to stop […]

CashNews.co TOKYO — Japan’s Government Pension Investment Fund on Friday posted a July-September loss of 9.18 trillion yen ($60.1 billion), hurt by the yen’s sharp appreciation and a stock market downturn in August. The 3.57% loss was the worst since the quarter ended in March 2020, when the COVID-19 outbreak sent shock waves through financial […]

CashNews.co HONG KONG (AP) — European markets opened higher while Asian stocks were mostly lower on Friday, with Japan’s benchmark Nikkei losing over 2% after a sharp decline on Wall Street. France’s CAC 40 added 0.4% in early trading to 7,377.79, and Germany’s DAX gained 0.2% to 19,116.71. Britain’s FTSE 100 climbed 0.4% to 8,143.82. […]

CashNews.co By Yoshifumi Takemoto and Makiko Yamazaki TOKYO (Reuters) – Japan’s government on Friday lowered its GDP growth forecast for the current fiscal year as weaker exports drag on a fragile economic recovery. In its revised estimates, the Cabinet Office cut its inflation-adjusted gross domestic product growth forecast for the current fiscal year ending in […]

CashNews.co TOKYO (Reuters) – The Bank of Japan said on Friday the country’s rising minimum wage is likely to push up inflation mainly through higher services prices. Japan’s average minimum wage is set to rise a record 5.1% in the fiscal year to end-March 2025, with the increase particularly large for areas where the level […]

CashNews.co Hello Kitty, arguably Japan’s best loved creation, is celebrating her 50th anniversary. But all has not always been well at Sanrio, the Japanese company behind the character. The business has been on a spectacular journey of financial peaks and valleys. Hello Kitty has been ranked the second-highest grossing media franchise in the world behind […]

CashNews.co TOKYO — Japan’s Mizuho Financial Group is partnering with Saudi Arabia’s Public Investment Fund to create a Tokyo-listed exchange-traded fund featuring Saudi shares, providing retail investors easier access to a promising emerging market. Asset Management One, a joint venture between Mizuho and Dai-ichi Life Holdings, plans to create an ETF this fiscal year linked […]