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Softbank's $3B Wework Financing Talks Stall With Japan Banks

  • Category:Other
FOX BUSINESS
 
The stall is complicating a $9.5 billion rescue packageSoftBank Group Corp's talks to secure $3 billion from Japan's three biggest banks have stalled as the lenders have hit internal lending limits to the firm, two people said, complicating a $9.5 billion rescue package for WeWork....

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Fidelity’s Japan Fund Bets on Nation’s 5G Stocks for 2020

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BLOOMBERG
 
Fidelity International’s biggest equity fund in Japan is betting technology companies will help boost the nation’s stock market in 2020.
The asset manager’s Japan Growth Fund is up 29% this year, beating almost all of its peers, according to Bloomberg data. The fund has managed to sta...

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Japan's Top Business Lobby Group Working With Int'l Body To Raise Ratio Of Female Execs

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THE MAINICHI
 
 
 
TOKYO -- The Japan Business Federation (Keidanren), the country's powerful business lobby group, is teaming up with an international group to try and boost the number of female executives at major companies in the country.
 
Keidanren exchanged a memorandum on Dec. 18 with the ...

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Potential Violations Seen In 12,836 Kampo Contracts

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THE JAPAN NEWS
 
TOKYO (Jiji Press) — Japan Post Holdings Co. President Masatsugu Nagato suggested Wednesday that he will consider stepping down from the post to take responsibility for improper sales practices for “Kampo” insurance products of subsidiary Japan Post Insurance Co..
“The whole mana...

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Japan Post CEO May Resign After 12,836 Improper Insurance Sales Uncovered

  • Category:Other
JAPAN TODAY
 
TOKYO - The top executive of Japan Post Holdings Co said Wednesday he is considering resigning in the wake of a probe that uncovered more than 12,000 cases of suspected improper sales of insurance products at two subsidiaries in the five years through March 2019.
"Regarding manageme...

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Japan Raises Economic Growth Forecast For Next Fiscal Year

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MANILA BUSINESS
 
TOKYO – Japan’s government raised its economic growth forecast for the next fiscal year, helped by an expected boost from a $122 billion fiscal package that would help cushion the hit from weaker global demand.
he economy is now expected to expand 1.4% in price-adjusted real ter...

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Fujifilm To Acquire Hitachi's Diagnostic Imaging Equipment Business

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JAPAN TIMES
 
Fujifilm Holdings Corp. announced Wednesday it will acquire Hitachi Ltd.’s diagnostic imaging equipment business for about ¥170 billion.
The move comes as Fujifilm is strengthening its medical-related businesses, while Hitachi has been seeking to sell the imaging equipment business ...

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Japan's Suntory Eyes Growth, Starts Selling First Whiskey Blended In India

  • Category:Gourmet
BUSINESS STANDARD
 
Suntory, which already sells whisky in India including from its subsidiary Beam Suntory, would begin selling a new product which uses imported whisky blended in India, a spokeswoman said.
Japanese beverage maker Suntory said on Monday it would begin selling its first whisky bl...

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Typhoon-Hit Strawberry Growers Battling Back In Tochigi Pref.

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THE JAPAN NEWS
 
Tochigi Prefecture is the biggest strawberry producer in Japan, and farmers there are working at a fever pitch to prepare for the Christmas season.
When Typhoon No. 19 hit in October, it flooded the Omoi River that runs through Kanuma, one of the main production areas. Some green...

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JR East Unveils Luxury Saphir Odoriko Express With All First-Class Seating

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JAPAN TODAY
 
TOKYO - East Japan Railway Co unveiled to the media its new luxury express train Saphir Odoriko on Monday ahead of its launch on March 14 between Tokyo and a spa resort area in central Japan.
The eight-car train with all first-class seating is named after the French word for sapphir...

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