2 Years to Go: Companies Preparing for Rush of Tokyo Games Spectators
August 2, 2018
Tokyo- Companies in Tokyo are stepping up preparations to cope with an expected rush of people visiting the Japanese capital to watch the 2020 Olympics and Paralympics. The number of spectators is projected at 7.8 million for the Olympics and
Japan FTC to End Nagasaki Bank Merger Screening
August 2, 2018
Tokyo- Japan’s Fair Trade Commission is expected to conclude its antitrust screening of a merger plan involving regional banks in Nagasaki Prefecture. Those planning the merger are Eighteenth Bank, based in the city of Nagasaki, and Fukuoka Financial Group Inc.,
FOCUS: BOJ Policy Stalemate Deepening amid Sluggish Inflation
August 2, 2018
Tokyo- A stalemate is deepening for the Bank of Japan’s efforts to combat persistently sluggish inflation in the country. At a two-day policy meeting through Tuesday, the BOJ adjusted its monetary easing policy in order to “strengthen its commitment” to
Stocks, peso up on first trading day in August
August 1, 2018
Philippine stocks gained on Wednesday, the first trading day of August. The peso closed at P53.08 against the US dollar from Tuesday’s P53.095. Volume amounted to $642.13 million from $670.81 million. The Philippine Stock Exchange index soared to 7,838.22 points,
Olympus Settles with Trust Banks over Loss Cover-Up
August 1, 2018
Tokyo- Medical device and camera maker Olympus Corp. has reached a 19-billion-yen settlement in a damages lawsuit filed by six trust banks over its cover-up of massive losses, revealed in 2011. The settlement money is the largest in a series
Sony Posts Record Net Profit in April-June
August 1, 2018
Tokyo- Sony Corp.’s group net profit in April-June jumped 2.8-fold from a year before to 226.4 billion yen, the highest level for the period, while growth in its operating profit slowed. Other major Japanese electronics makers also posted lower growth
Stock index declines but peso ends at P53.095:$1
July 31, 2018
Stocks ended the month of July lower on Tuesday after the main share index rallied past 7,500 points in the last few days. The peso closed at P53.095 against the US dollar from Monday’s P53.19. Volume reached $670.81 million from
BOJ Decides to Adopt More Flexible Monetary Policy
July 31, 2018
Tokyo- The Bank of Japan decided Tuesday to more flexibly guide 10-year Japanese government bond yields in a step to tweak its ultraeasy monetary policy. The BOJ Policy Board decided by a seven-to-two vote to purchase JGBs to guide 10-year
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