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Japan Post Bank Picks Up Stocks As Yen Risks seen subdued

  • Category:Other
JAPAN TODAY
 
TOKYO - Japan Post Bank has been buying local stocks since February’s major correction in global share prices, its chief investment officer said, as the risk of a spike in the yen, which would hurt stock valuations, is seen as limited.
However, Katsunori Sago said lingering economic...

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Sony Gains Control of EMI, Becomes Top Music Publisher

  • Category:Event
THE JAPAN NEWS
 
TOKYO (Reuters) — Sony Corp. said on Tuesday it would pay about $2.3 billion to gain control of EMI, becoming the world’s biggest music publisher in an industry that has found new life in streaming services.
The acquisition, which gives Sony a catalogue of more than 2 million son...

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Booming Demand Leaves Japan’s Whiskey Lovers Dry

  • Category:Event
THE JAPAN NEWS
 
Some Japanese whiskeys are in short supply due to their increasing popularity in overseas markets and a recent domestic boom of highballs, or whiskey and soda.
Under such circumstances, Suntory Spirits Ltd., an affiliate of Suntory Holdings Ltd., announced plans to suspend sales ...

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Japan-U.S. Trade Surplus Edges Up in April

  • Category:Other
JAPAN TODAY
 
TOKYO - Japan's politically sensitive trade surplus with the U.S. edged up in April, government data showed Monday, after Tokyo warned it may take retaliatory measures against U.S. tariffs.
Japan logged a surplus in April of 615.7 billion yen ($5.6 billion) with the U.S., up 4.7 per...

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Record 98% of University Graduates Land Jobs Amid Recovering Economy

  • Category:Event
JAPAN TODAY
 
TOKYO - A record-high 98 percent of newly minted university graduates in Japan have landed jobs at the beginning of this fiscal year in April, government data showed Friday, reflecting the nation's recovering economy.
The employment rate of job-seeking graduates rose 0.4 percentage ...

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Fukushima Pref. Extends Reign for Best Sake Brands

  • Category:Other
THE JAPAN NEWS
 
FUKUSHIMA (Jiji Press) — Fukushima Prefecture won the national sake title for the unprecedented sixth straight year, the National Research Institute of Brewing said Thursday.
The northeastern prefecture had the largest number of award-winning sake brands, including 19 that earned...

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Nissan to Review Ties with Renault

  • Category:Event
THE JAPAN NEWS
 
YOKOHAMA (Jiji Press) — Hiroto Saikawa, president of Nissan Motor Co., said Monday that the automaker will review its capital ties with France’s Renault SA.
At a press conference in Yokohama, Saikawa indicated that the mutual investment ratios will specifically be reconsidered.
T...

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Struggling Toshiba Returns to Black; Avoids Delisting

  • Category:Event
JAPAN TODAY
 
TOKYO - Struggling Japanese conglomerate Toshiba said Tuesday it had bounced back into the black after a disastrous year and will avoid a humiliating delisting from the Tokyo stock exchange.
The firm said it had booked a record net profit of 804.0 billion yen ($7.3 billion), compare...

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Tokyo Taxi Firm Hiring Foreign Drivers

  • Category:Driving
THE JAPAN NEWS
 
TOKYO (Jiji Press) — Taxi operator Hinomaru Kotsu Co. is boosting the number of its foreign drivers in response to an increase in visitors from abroad.
A total of 23 foreign drivers from 11 countries, including Brazil, China and Egypt, are working for the Tokyo-based company.
Amo...

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Japan Logs Largest Current Account Surplus in Decade in FY 2017

  • Category:Tourism
JAPAN TODAY
 
TOKYO - Japan ran its largest current account surplus in a decade in fiscal 2017 on the back of increasing overseas earnings, government data showed Thursday.
The country logged a surplus of 21.74 trillion yen ($198 billion), up 3.4 percent from a year earlier, despite the rising co...

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