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Japan Ruling Bloc Submits Modified Budget Bill to Diet

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NIPPON
 
Japan's ruling coalition submitted a modified fiscal 2025 government budget bill to the House of Representatives, the lower chamber of the Diet, the country's parliament, on Friday.
The revised bill includes some 110 billion yen in additional spending to make high school education free, ...

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Seven & i Founding Family Gives Up on Management Buyout Plan; FamilyMart Owner Decides Not to Invest in Deal

  • Category:Other
JAPAN NEWS
 
Seven & i Holdings Co., the operator of the 7-Eleven convenience store chain, announced Thursday that the founding Ito family has told the company that it has been unable to secure funding for its proposed management buyout of the company.
MBOs are a method by which a company’s manag...

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Toyota Reshuffles Its Board, Adding Auditors And Outsiders

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JAPAN TODAY
 
Toyota Motor Corp announced plans to restructure its board on Tuesday in what it described as an attempt to bring in more diverse views and give a larger roles to auditors.
Among six appointments is Christopher Reynolds, now an executive in the automaker’s North American operations....

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Japan Post to Cut Stake in Banking Unit to 50 Pct or Less

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NIPPON
 
Japan Post Holdings Co. plans to reduce its stake in Japan Post Bank to 50 pct or less soon from the current 61.5 pct, people familiar with the matter said Wednesday.
The stake sale, estimated to be valued at about 600 billion yen, based on the current stock price, is designed to make th...

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ANA Places Mega-Order Of 77 New Jets

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JAPAN TODAY
 
Japan's biggest airline ANA Holdings announced Tuesday it will purchase 77 new aircraft from Boeing, Airbus and Embraer to replenish its fleet in order to serve growing passenger demand domestically and internationally.
The order will be valued at a total of 2.1 trillion yen at cata...

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Japan Mulls Tightening Regulations On Crypto Asset Transactions

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KYODO NEWS
 
Japan is considering tightening regulations on crypto asset transactions by classifying them as financial products akin to stocks, a government source said Tuesday.
The Financial Services Agency is seeking to tighten oversight of crypto asset issuers to protect users amid a rise in f...

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Japan’s Trade with Russia Continues to Decline Amid Sanctions; U.S.-produced LNG Expected to Reduce Reliance

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JAPAN NEWS
 
Monday marked three years since Russia began its aggression against Ukraine. With economic sanctions against Moscow, mainly by the Group of Seven countries, still in place, Japan’s trade with Russia has shrunk drastically. However, Russia still makes up nearly 10% of Japan’s natural ...

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Japan's Ex-Top Currency Diplomat Kanda Takes Office As ADB Chief

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JAPAN TODAY
 
Japan's former top currency diplomat Masato Kanda assumed office on Monday as president of the Asian Development Bank, the Manila-based international lender said.
As its 11th president, Kanda vowed to advance the "ADB's mission to promote sustainable, inclusive, and resilient growth...

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Japanese Banks Raising Savings Account Interest Rates; Financial Institutions Seek New Ways to Lure Clients

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JAPAN NEWS
 
 
 
Japanese banks are now raising the interest rates on their savings accounts in an increasingly heated competition for business. Interest rates on one-year fixed-term deposits have crossed the 1% line one after another, and rates on ordinary deposits continue rising.
Nearly a year...

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Seven & I To Give Bain Priority In Ito-Yokado Supermarket Spin-Off

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JAPAN TODAY
 
Seven & i Holdings Co is expected to make U.S. private equity firm Bain Capital the preferred buyer for its intermediate subsidiary operating Ito-Yokado supermarket chain, a source familiar with the matter said Saturday.
The Japanese retail giant is aiming to shed its noncore operat...

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