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General Contractor Yamaura To Be Fined For False Financial Statements

  • Category:Other
JAPAN TIMES
 
The Securities and Exchange Surveillance Commission is going to recommend that the Financial Services Agency impose a fine on general contractor Yamaura for releasing false financial statements, it was learned Tuesday.
In May 2023, the accounting auditor of the Komagane, Nagano Pref...

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Japan Crypto Exchange DMM Bitcoin Is Set To Liquidate

  • Category:Other
COIN TELEGRAPH
 
DMM Bitcoin, which suffered a private key hack in May that caused a loss of $320 million in Bitcoin, is ceasing efforts to revamp operations.
Japanese cryptocurrency exchange DMM Bitcoin is prepping to liquidate after losing $320 million in Bitcoin in a private key hack in May fr...

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Expectations High for Freight-Only Shinkansen Trains; Some Players Express Concerns

  • Category:Other
JAPAN NEWS
 
Hopes are high for freight-only Shinkansen trains, which are being considered for introduction by East Japan Railway Co. (JR East), both as a means of expanding the transportation of goods and as a new source of revenue for the high-speed transportation service.
However, many issues ...

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Mitsubishi UFJ to Acquire WealthNavi

  • Category:Other
JAPAN NEWS
 
Mitsubishi UFJ Financial Group Inc. said Friday that it will acquire Japanese robo-advisory firm WealthNavi Inc. to reinforce its asset management services for individual customers.
MUFG Bank, a unit of Mitsubishi UFJ Financial, will launch a tender offer on Monday to buy WealthNavi ...

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Unitika Exits Textile Business After Long History

  • Category:Other
NHK
 
The Japanese company, Unitika, which was a leader in developing the nation's textile industry, is now withdrawing from the business altogether.
The firm's textile segment, mainly for clothing, has been losing money in recent years in the face of fierce competition from China and other overs...

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Yen Rallies On Rate Hike Bets As Equity Markets Swing

  • Category:Other
JAPAN TODAY
 
The yen rallied Friday after forecast-busting inflation data out of Tokyo boosted talk of another Japanese interest rate cut next month, while equity markets were mixed as traders weigh the economic outlook during a second Trump administration.
With Wall Street closed for the Thanks...

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Core Inflation In Japan's Capital Perks Up, Yen Jumps On Rate Hike Bets

  • Category:Other
REUTERS
 
Core consumer inflation in Japan's capital accelerated in November and stayed above the central bank's 2% target, data showed on Friday, as price pressures broadened, keeping alive market expectations for a near-term interest rate hike.
The yen jumped after the data, as market players s...

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Yomiuri 333 Stock Index Raises Investor Expectations in Japan; Equal Weighting To Provide New Perspective

  • Category:Other
JAPAN NEWS
 
The government and investors have expressed their high hopes for the Yomiuri Stock Index (Yomiuri 333), saying it will expand people’s investment options.
The Yomiuri Shimbun announced Thursday that it will establish the Yomiuri 333 in March next year to indicate the price movements ...

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Japanese Food Firm Marumiya Recalls Kamameshi-related Product after Finding Foreign Object, Possibly Cockroach

  • Category:Other
JAPAN NEWS
 
Marumiya Corp. announced that it will recall about 15,000 of its pre-packaged ingredient boxes for making kamameshi rice called “Tori Gobo Kamameshi no Moto.”
The recall comes after a foreign object that appeared to be a cockroach was found in one of the products.
The company said no...

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Trading House Itochu Looks To Finance Seven & I Management Buyout

  • Category:Other
JAPAN TODAY
 
Trading house Itochu Corp is considering helping finance the potential buyout of Seven & i Holdings Co by its management, responding to a request from the founding family of the Japanese retail giant, sources close to the matter said Monday.
Itochu, the parent of convenience store c...

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