BOJ Policymaker Opposed Deletion of Projection for 2 Pct Inflation
June 20, 2018
Tokyo- A Bank of Japan policymaker was negative about the removal of a projection for when inflation would reach the central bank’s 2 pct target, from a quarterly report, minutes of the bank’s April policy meeting showed on Wednesday. The
Monetary Board raises reverse repo rate to boost peso
June 20, 2018
The Monetary Board, policy-making body of the Bangko Sentral ng Pilipinas (BSP), raised the reverse repurchase rate by 25 basis points to 3.5 percent effective Thursday, June 21. Interest rates on overnight lending and deposit facilities were raised accordingly, the
INTERVIEW: Seven Bank to Focus More on Cashless Services
June 20, 2018
Tokyo- Seven Bank plans to beef up smartphone-based payment and overseas remittance services, Yasuaki Funatake, president of the Japanese bank, said in a recent interview. The bank will go beyond its initial focus on collecting fees on the use of
FSA to Punish Major Crypto Exchange Operators
June 20, 2018
Tokyo- The Financial Services Agency is seen issuing business improvement orders this week to at least five of the 16 cryptocurrency exchange operators registered in Japan, including industry leader bitFlyer Inc., it was learned Tuesday. The upcoming punitive action suggests
Ex-Sony Pres. Hirai Receives 2.7-B.-Yen Pay for FY 2017
June 20, 2018
Tokyo- Sony Corp. Chairman Kazuo Hirai, who stepped down as president and chief executive officer in April, received executive pay worth 2.7 billion yen for fiscal 2017, the company’s annual securities report showed Tuesday. This is the largest pay for
Top Japanese banks back Philippine stand-alone “Samurai” bond float
June 20, 2018
Five of Japan’s leading financial institutions have given their full backing to the Philippines’ first stand-alone yen-denominated “Samurai” bonds issue set in the third quarter of this year, according to the Department of Finance (DOF) in a statement from Tokyo
Osaka Hotels Hit by Reservation Cancellations after Quake
June 20, 2018
Osaka- Hotels in the western Japan city of Osaka have been hit by a flurry of cancellations of reservations, in the wake of a strong earthquake that struck on Monday and reflecting fears about aftershocks. Each on Monday and Tuesday,
Japanese Retailers Striving to Draw World Cup-Linked Demand
June 20, 2018
Tokyo- Many Japanese retailers are making efforts to boost sales through products linked to the ongoing World Cup soccer finals in Russia. Major electronics retailer Bic Camera Inc. is offering discounts and extra reward points for purchases of superhigh-definition 4K
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