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Uniqlo Parent Firm Downgrades Outlook Despite Earnings Rebound

  • Category:Other
JAPAN TODAY
 
Fast Retailing, the operator of Japanese casualwear brand Uniqlo, on Thursday revised its annual projections slightly downwards as the pandemic drags on, despite sharp rebounds in its third-quarter earnings.
Consumers are returning to stores after the initial shock of the pandemic l...

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Japan Companies Join Global Rivalry To Launch Satellite-Based Internet Services

  • Category:Other
THE JAPAN NEWS
 
Efforts to put satellites into orbit, thereby giving more people around the world access to internet services, have been spreading widely.
More than 3 billion people are estimated to live in places with insufficient internet systems. This has led to growing international rivalry ...

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Asia-Pacific Stocks Mixed; Bank Of Japan Holds Steady On Monetary Policy

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CNBC
 
Key PointsAsia-Pacific stocks were mixed on Friday.The Bank of Japan announced Friday its decision to hold steady on monetary policy.The Japanese central bank also downgraded its real GDP forecast for fiscal year 2021 to a 3.8% expansion, as compared with the 4% growth forecast made in Apr...

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Japan Asks Airlines To Halt New Bookings As Olympic Traffic Rises

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JAPAN TIMES
 
The government has asked airlines to halt new bookings by the general public for flights arriving in Japan during the period when arrivals of athletes and delegation officials for the Tokyo Olympics increase, sources have said.
With one week to go until the start of the Tokyo Olympi...

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Japan’s May Machinery Orders Rise For 3rd Straight Month

  • Category:Other
THE JAPAN NEWS
 
Japan’s core machinery orders rose for the third straight month in May, a welcome sign for an economy struggling to overcome the hit from the coronavirus pandemic.
The government imposed a new state of emergency in Tokyo that will run through to Aug. 22 in an attempt to control t...

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Google To Buy Japan Payments Firm Pring

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REUTERS
 
Alphabet's Google (GOOGL.O) has agreed to buy payments business Pring from backers including fintech firm Metaps Inc (6172.T) as the U.S. tech giant pushes into Japan's rapidly growing market for cashless services.
The startup's three top shareholders - Metaps, software company Miroku J...

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Japan's May Machinery Orders Rise 7.8%, Up For Third Month In A Row

  • Category:Other
JAPAN TIMES
 
Japan’s core machinery orders rose for the third straight month in May, a welcome sign for an economy struggling to overcome the hit from the coronavirus pandemic.
The government imposed a new state of emergency in Tokyo that will run through to Aug. 22 in an attempt to control the ...

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Japan And China’s Shenzhen Stocks Jump More Than 2% As Asia-Pacific Markets Rise

  • Category:Other
CNBC
 
China’s central bank announced Friday a 50 basis points cut in its reserve requirement ratio for all banks, effective from July.Japan’s government put Tokyo under a new Covid state of emergency on Monday while stricter social distancing restrictions kicked in for the greater Seoul area in ...

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G-20 Finance Ministers Back Plan To Stop Use Of Tax Havens

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THE JAPAN NEWS
 
Top finance officials representing most of the world’s economy have backed a sweeping revision of international taxation that includes a 15% global minimum corporate levy to deter big companies from resorting to low-rate tax havens.
Finance ministers from the Group of 20 countrie...

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Japan’s SMFG Nears $2 Billion Deal for Fullerton India

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BLOOMBERG
 
Sumitomo Mitsui Financial Group Inc. will buy a 74.9% stake in Fullerton India Credit Co. for about $2 billion, marking the first entry into the South Asian country’s retail financial business by a Japanese bank.
Japan’s second-largest lender will eventually acquire the rest of the In...

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