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Three Arrested In Japan For Insider Trading Over COVID-19 Drug

  • Category:Other
JAPAN TIMES
 
Tokyo police have arrested three people on suspicion of buying shares in Japanese biotechnology and drug startup Tella Inc. on the basis of undisclosed information on the company's planned development of a COVID-19 treatment.
The Metropolitan Police Department arrested Toshiaki Kubo...

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Softbank Calls Credit Suisse ‘Desperate’ Over Greensill Spat

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JAPAN TIMES
 
SoftBank Group Corp.’s Vision Fund accused Credit Suisse Group AG of shifting the blame over claims the investment group was responsible for losses the Swiss lender’s clients suffered from the collapse of finance firm Greensill Capital, according to documents seen by Bloomberg.
The ...

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Nintendo Raises Profit Forecast But Cuts Switch Sales Outlook

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JAPAN TODAY
 
Nintendo raised its full-year profit forecast Thursday, citing strong performances by recent game releases, but it again cut its sales target for the Switch over global supply chain problems.
The Japanese giant posted its highest-ever annual profit in 2020-21, buoyed by a surge in g...

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The Japanese Internet Reacts To Sega Leaving The Arcade Business

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KOTAKU
 
After 56 years, Sega’s arcade history is coming to a close. In fall 2020, Sega sold off 85 percent of its arcade business to Tokyo-based Genda.
Now, the company has sold off its remaining stock, and Genda is removing the Sega name from arcades.
In its place, Genda will use the “Gigo” nam...

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Pokémon Legends: Arceus Sold 1.43 Million Units In Japan In Just Three Days

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NINTENDO LIFE
 
Famitsu has posted early sales estimates for Pokémon Legends: Arceus and it appears that the game sold a mighty 1,424,657 million copies in its first three days on sale in Japan.
For perspective, that puts it in second place in the launch sales rankings behind Animal Crossing: New...

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Japan’s Nikkei 225 Rises Almost 2%; Multiple Asia Markets Remain Closed For Lunar New Year Holidays

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CNBC
 
 
Key PointsShares in Asia-Pacific were higher on Wednesday, with Japan’s Nikkei 225 jumping almost 2%.Markets in mainland China, South Korea, Hong Kong and Singapore were closed on Wednesday for the Lunar New Year holidays.Overnight stateside, shares on Wall Street rose for a third day.
S...

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Japan's Industrial Output Dropped 1% Mom In December 2021

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BUSINESS STANDARD
 
 Japan's industrial output dropped in December 2021 from a month earlier, the government said in a report on MondayJapan's industrial output dropped in December 2021 from a month earlier, the government said in a report on Monday.
According to the Ministry of Economy, Trade an...

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Minister Leaves Open Possibility Of Gasoline Tax Cut

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THE JAPAN NEWS
 
Japanese industry minister Koichi Hagiuda said Sunday that he does not rule out the possibility of lifting the freeze on a scheme to cut gasoline tax temporarily.
The government Thursday activated a new program to provide oil wholesalers with subsidies to help slow the current su...

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Sega Leaves The Japanese Arcade Business For Good

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POLYGON
 
Sega is leaving Japanese arcades behind. The company announced it is selling its remaining arcades to a company called Genda, Inc. (also known as GiGO), and leaving the coin-op business, where it first made a name for itself, for good.
Sega’s first arcade game was Periscope, which launc...

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IMF: Japan's Economy Recovering But Faces Risks

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NHK
 
The International Monetary Fund says the Japanese economy is recovering from the pandemic, but it warns that the country still faces threats to growth.
The IMF said in a statement that it expects Japan's economic expansion to continue for the second year in a row, led by rebounding private ...

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