Latest Japan News
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RPT-Fitch APAC SF Ratings Broadly Stable in 2012 Downgrades Mostly in Japanese CMBS
Fri May 24, 2013 5:18am EDT (Repeat for additional subscribers) May 24 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings says that Asia-Pacific (APAC) structured finance (SF) tranches remained largely stable in 2012, with over 95% of tranches maintaining their ratings or being paid in full (PIF), compared with 89% in 2011. As in previous years most ...
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Suspected Chinese Subs Alarm Japan
The subs were spotted just outside Japan's territorial waters off the coast of Okinawa and the southern Japanese prefecture of Kagoshima. Japanese officials have either declined to comment on the vessels' nationality or said it is not yet known; Japanese media are reporting they are Chinese. The submarines did not infringe on Japan's sovereignty but were traveling in a ...
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Osaka people rally against mayor
Local people held a rally on Friday against the stubborn political stance of Osaka Mayor Toru Hashimoto, who is also co-leader of the opposition Japan Restoration Party.The rally occurred following the cancellation of a scheduled meeting between the mayor and two Korean women who were recruited during World War II by the Japanese military into sexual servitude also known as "comfort ...
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Kuroda struggles with communication as Japan rates rise
Haruhiko Kuroda may need to talk his way out of a paradox he helped create. Installed as Bank of Japan chief in March, Kuroda aims to unlock borrowing and spending by lifting inflation expectations and wages after 15 years of ...
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Baker to raise bread prices from July
Yamazaki Baking says prices of loaves will be increased by 3 to 6 percent. The prices of its pastries will be raised by 2 to 6 percent. The bakery blames the increase on the rising cost of imported flour and the weaker ...
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Japan stocks close up after big plunge
After a bumpy ride, stocks in Japan closed with a small gain on Friday, recovering from a deep plunge the day before. In China, the major indexes were mixed. The Hang Seng was flat while the Shanghai composite index closed up by 0.6%. The steadier tone in Asia was reflected at the start of the trading day in Europe. Germany's DAX moved up by 0.3% and the FTSE 100 was holding around ...
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Square arrives in Japan its first market outside North America
At a press event in Tokyo today, Twitter founder Jack Dorsey announced the long-awaited Japanese debut of Square, the smartphone credit card processing service with the iconic white ...
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Hashimotos meeting with 2 former sex slaves canceled
Two South Korean women who were forced to serve as wartime sex slaves canceled a scheduled meeting Friday with Osaka Mayor Toru Hashimoto, saying it is ...
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BOJ offers to buy JGBs for 2nd day
The Bank of Japan on Friday offered to buy some 900 billion yen in Japanese government bonds from commercial financial institutions on Tuesday, launching JGB-buying market operations for the second consecutive ...
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Tokyo cops bust casino in Shibuya
Tokyo Metropolitan Police on Monday announced the arrest of a broker of Thai females for violating immigration laws by employing the women as ...
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WWII vet gets Order of the Rising Sun from Japans ambassador
During a ceremony, May 21, 2013, at the home of Kenichiro Sasae, the Japanese ambassador to the United States, Terry Shima was awarded the "Order of the Rising Sun, Gold Rays with Rosette" award. The award comes from both the prime minister and emperor of Japan. Shima is a "Nisei," or second-generation Japanese-American. During World War II, he joined the 442nd Infantry ...
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Aging Japanese judo official was sex pest
(1 min ago) The aging Japanese director of the country’s judo federation has offered to resign over claims he sexually harassed a female judoka. Jiro Fukuda, 76, admitted to the athlete's claim that he forcibly hugged and tried to kiss her in the elevator of a Tokyo subway in 2011 but said that his memory of the incident is foggy because he was drunk, AP reports. The offer to step ...
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UPDATE 1-Japans Dai-ichi to buy 40 pct in Indonesias Panin Life -source
Fri May 24, 2013 4:44am EDT (Adds details, Dai-ichi no comment) By Taiga Uranaka TOKYO May 24 (Reuters) - Japan's Dai-ichi Life Insurance Co Ltd has agreed to buy a 40 percent stake in Indonesia's Panin Life for about 30 billion yen ($295 million), a source with direct knowledge of the matter said on Friday. The move by one of Japan's top four life insurers is the latest in a string ...
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Support rate for Japans Abe down to 70.9 pct
TOKYO, May 19 (Xinhua) -- Support rate for the Cabinet of Japanese Prime Minister Shinzo Abe has edged down almost 2 percent to 70.9 percent, compared with 72.1 percent in the previous poll last month, according to a Kyodo News survey showed on Sunday. It was the fourth time that the Cabinet approval rating has surpassed 70 percent in the monthly surveys since Abe's Liberal Democratic ...
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Japans stock slump a good thing
Koll: Tokyo Nikkei 7% plunge Thursday more 'sign of health' than 'sign of worry' Nikkei has rallied 46% since the start of 2013 thanks to PM Abe's fiscal policies Japan's central bank affirmed buying of long-term debt in support of Abe JP Morgan forecasts Japan's Topix to climb 17% by end of ...
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Asia Markets Japan stocks end up after roller-coaster ride
HONG KONG (MarketWatch) -- Japanese shares ended modestly higher Friday after a roller-coaster ride that subjected the Nikkei Stock Average to a swing of more than 3% on both sides of the previous day's ...
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It was all too much for the Nikkei
Up by the stairs, down by the elevator. Yesterday's equity sell-off in Japan highlights the somewhat shaky foundations that this year's equity rally has been built upon. Optimism is contagious, but pessimism is arguably more infectious. Shortly after hitting a resistance zone around 16,000 the Nikkei 225 lost the most ground in one day since the tragic earthquake of 2011, plummeting ...
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Ex-comfort women citing ‘political game’ cancel meet with Hashimoto
No so happy: People opposing Osaka Mayor Toru Hashimoto's remarks about wartime 'comfort women' hold up signs saying 'Don't forgive Hashimoto' while attending a rally in front of Osaka City Hall on Friday. | ...
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Obama defends drone strikes sees narrower terrorist threat
President Barack Obama sought to move the U.S. beyond the war effort of the past dozen years, defining a narrower terrorist threat from smaller networks and homegrown extremists rather than the grandiose plots of Osama bin Laden’s al-Qaida. Obama also offered his most vigorous public defense yet of targeted drone strikes as legal, effective and necessary. ';Neither I, nor any ...
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Nikkei recoups 2.6 after nose-diving over 1140 points in last session
The head of an official inquiry into the deadly collapse of a Bangladesh factory complex said the building’s owner was the ';main culprit'; for the disaster because he violated construction codes. The cave-in of the eight-story Rana Plaza outside the capital last month killed ...
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Japanese PM leaves for Myanmar on ties
Japanese Prime Minister Shinzo Abe on Friday left for Myanmar in an effort to promote bilateral ties and improve Japan's economic cooperation with the Southeast Asian country. During the three-day visit, the first trip made by a Japanese prime minister to Myanmar in 36 years, Abe is expected to hold talks with Myanmar President Thein Sein and other senior officials. "Japan will ...
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Nikkei rises 0.9 pct in turbulent trade after Thursdays plunge
* Nikkei may stay volatile for a while - traders * Nikkei support seen at 13,800 short-term, 13,000 mid-term - analysts * Futures-led trade swings market - traders By Ayai Tomisawa TOKYO, May 24 (Reuters) - The Nikkei share average rose in turbulent trade on Friday following the previous day's 7.3 percent dive, but the extreme volatility and worries that Japan's bull-run may be running ...
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Japans Nikkei Goes for Wild Ride for Second Day
Japan's stock market witnessed a second-straight day of heightened volatility on Friday, swinging from gains of 3 percent to deep losses before bouncing back again, leaving traders puzzled as to what was going on in Asia's biggest stock market. The Nikkei, which rose about 3 percent in early trade, fell more than 3 percent in the final hour of Tokyo trade before paring those losses. ...
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Nikkei ends rollercoaster session in positive territory
(34 mins ago) Shares in Tokyo closed 0.89 percent higher today in a rollercoaster session that came a day after the Nikkei suffered its worst one-day drop since Japan's March 2011 quake-tsunami disaster. The benchmark Nikkei 225 index, which on tumbled 7.3 percent yesterday, finished 0.89 percent, or 128.47 points, higher at 14,612.45, while the broader Topix index of all first-section ...
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Eurozone crisis live Japan closes higher after wild day of trading
The Japanese market suffered another turbulent session after Thursday's dive - dropping as much as 3.5% in the afternoon - but stabilised to close 0.9% ...
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Japan focuses on next big export
Smart grids are the way of the future, according to a Japanese consortium of seven companies that want to invest in the cities of the future and pave the way for the next big export to come out of Japan.
Japan is already one of the leading high-tech industries of the world, producing gadgets and appliances that are sold globally, from cars and microwaves to robots for use in surgery, space and mines. The country is a major manufacturing hub, there are Sony, Panasonic, Toshiba and Nintendo appliances in homes across the globe and many of the world’s most famous export brands have their headquarters in Japan or were founded in Japan. Read more
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