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Toyota, Mazda Look To Integrate Automobile Loan Units

  • Category:Other
THE MAINICHI
 
NAGOYA (Kyodo) -- Toyota Motor Corp. and Mazda Motor Corp. are considering integrating their automobile sales loan businesses in a deeper capital tie-up to cut costs amid the shrinking domestic market, sources close to the matter said Tuesday.
Toyota Finance Corp. will enter talks ...

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Fiat Chrysler Sells Auto Parts Unit to Japan's Calsonic for 6.2 Bil Euros

  • Category:Other
JAPAN TODAY
 
MILAN - Fiat Chrysler said Monday it was selling its Italian auto parts unit Magneti Marelli to Japan's Calsonic Kansei (CK) in a deal worth 6.2 billion euros.
It said the merged company will rank in the top 10 auto parts suppliers globally with annual sales of 15.2 billion euros ($...

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Japan’s Dying Shareholders Signal Sombre Outlook For Its Stocks

  • Category:Other
FINANCIAL TIMES
 
Investors should expect decades of selling pressure on Japanese stocks from the most implacable bears in the market: the recently deceased, according to investment bank Nomura.
The relentless sell-off, which threatens to intensify until the year 2040 as the huge, wealthy postwar...

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At Asia-Europe Meeting, Abe Issues Appeal for Upholding Multilateral Free Trade System

  • Category:Event
JAPAN TIMES
 
BRUSSELS – Prime Minister Shinzo Abe on Friday delivered a full-throated appeal for maintaining the multilateral free trade system led by the World Trade Organization to counter U.S. protectionist policies and China’s assertive approach to trade.
It is important to uphold the multil...

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Japan Inflation Ticks Up As Oil Rises But BOJ Target Remains Elusive

  • Category:Other
JAPAN TODAY
 
TOKYO - Japan’s annual core consumer inflation ticked up in September but remained at half the pace of the central bank’s elusive 2 percent target, underscoring the challenge of meeting the price goal as escalating trade frictions cloud the economic outlook.
While the rate of increa...

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Japan Maker of Quake Shock Absorbers Reports Data Fabrication; Products Installed in Hundreds of Buildings Nationwide

  • Category:Event
JAPAN TIMES
 
Japanese shock absorber-maker KYB Corp. said Tuesday it fabricated quality data for seismic absorption and control devices installed in nearly 1,000 buildings across the quake-prone country.
KYB, which mainly manufactures shock absorbers used in cars and trains, operates in 24 count...

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Japan To Pledge 2019 Tax Hike to Address Debt Mountain

  • Category:Other
CHANNEL NEWS ASIA
 
TOKYO: Japan will announce on Monday a sales tax hike in 2019 after repeated delays, reports said on Sunday (Oct 14), in an effort to address the nation's huge public debt.
The world's third-largest economy has one of the highest debt-to-GDP ratios among rich nations. Much of ...

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BOJ's Kuroda Says Fed Rate Hikes Good For Global Economy

  • Category:Other
JAPAN TODAY
 
NUSA DUA, Indonesia - Bank of Japan Governor Haruhiko Kuroda said on Saturday steady interest rate hikes by the Federal Reserve were "basically good" for the world economy, shrugging off concerns that higher U.S. rates could hurt Asian economies by triggering capital outflows.
Kurod...

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Japan Issues Warning Against Volatile Stock, Currency Moves

  • Category:Other
JAPAN TODAY
 
NUSA DUA, Indonesia - Japanese Finance Minister Taro Aso said on Thursday he was watching stock and currency moves with vigilance, issuing a warning over the yen's recent appreciation that could damage the country's export-reliant economic recovery.
He said the decline in stocks was...

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Nikkei Posts Biggest One-day Loss Since March Following Plunge on Wall Street

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JAPAN TIMES
 
The Nikkei stock average plunged nearly 4 percent on Thursday, posting its biggest one-day loss since March.
Stock markets in other parts of Asia also tumbled, after Wall Street’s worst losses in eight months led to broader risk aversion, a rise in market volatility gauges and conce...

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