Business

London will remain No. 1 for Japanese banks in Europe despite Brexit: experts

5 Comments

Japanese financial institutions may move staff and resources from Britain to continental Europe due to Brexit, but London's importance in global capital markets means they will maintain their strong presence here, according to a range of experts interviewed by Kyodo News. Since Britain's decision to leave the European Union there… Read

Business

Japan Inc sees better opportunities beyond China's 'Belt and Road'

0 Comments

A vast majority of Japanese companies have no interest to participate in China's sweeping "Belt and Road" initiative, seeing greater business opportunities in other international economic co-operation, a Reuters poll shows. Only 5 percent of 220 respondents in the monthly Reuters Corporate Survey said they would participate in the Chinese… Read

Business

Most Japanese firms favor cautious approach to any Toshiba delisting

3 Comments

Most Japanese firms believe the Tokyo bourse should be cautious in its approach to any delisting of embattled Toshiba Corp, concerned about the potential impact on its clients, subcontractors and financial markets, a Reuters poll shows. The conglomerate, whose products range from TVs to semiconductors to nuclear reactors, has already… Read

Business

Sharp forecasts first profit in four years; confirms Toshiba chip bid

1 Comment

Sharp Corp on Friday forecast its first net profit in four years following cost-cutting under new Taiwanese owner Hon Hai Precision Industry Co Ltd (Foxconn), and said it would resume making active investments. With Foxconn turning around the struggling liquid crystal display (LCD) maker since last year's $3.8 billion acquisition,… Read

Business

Japan consumer prices rise in April for 4th straight month

6 Comments

Japan's consumer prices rose again in April due largely to higher energy bills, data showed Friday, underpinning a mixed picture for policy makers' efforts to boost growth amid on-and-off deflation. The country's prospects have been improving on the back of strong exports, with investments linked to the Tokyo 2020 Olympics… Read

Business

China's reforms not enough to arrest mounting debt: Moody's

8 Comments

China's structural reforms will slow the pace of its debt build-up but will not be enough to arrest it, and another credit rating cut for the country is possible down the road unless it gets its ballooning credit in check, officials at Moody's said. The comments came two days after… Read

Business

Hawaii sues Ford, Nissan and Toyota over Takata air bags

1 Comment

Hawaii is suing auto manufacturers Ford, Nissan and Toyota over air bags that can spew shrapnel when they deploy. The complaint filed Wednesday says the manufacturers knew or should have known for more than a decade that air bags installed in their cars posed serious and sometimes fatal danger. The… Read

Business

Moody's downgrades China; warns of fading financial strength as debt climbs

9 Comments

Moody's Investors Service downgraded China's credit ratings on Wednesday for the first time in nearly 30 years, saying it expects the financial strength of the economy will erode in coming years as growth slows and debt continues to rise. The one-notch downgrade in long-term local and foreign currency issuer ratings,… Read

Business

SoftBank to appoint heads of overseas units as board members

0 Comments

SoftBank Group Corp said on Wednesday it plans to appoint heads of key overseas subsidiaries to the group's board of directors, as the Japanese firm's business focus moves away from its domestic market. Nominees include Marcelo Claure, chief executive officer of U.S. wireless telecommunications service provider Sprint Corp, Simon Segars,… Read

Business

Baby bump: Chinese restaurant shares soar on pregnant panda hopes

0 Comments

Swelling hopes for a baby panda in Tokyo have bumped up the stock price of a Chinese restaurant chain in the area, with locals setting their sights on a flurry of tourists. Eleven-year-old Shin Shin, who was brought to Ueno Zoo from China, has been showing signs of pregnancy since… Read

Recent Comments

Popular

Articles, Offers & Useful Resources

A mix of what's trending on our other sites