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Sony Boosts Outlook Thanks to Strong PlayStation Business

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THE JAPAN NEWS
 
TOKYO (Bloomberg) — Sony Corp. upgraded its earnings outlook for a second straight quarter, thanks to a plethora of hit video game titles that are boosting the PlayStation business.
Operating profit for the current fiscal year through March will be ¥870 billion, up from the prior...

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Japan Needs China’s Business and Pacified US-China Relations

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CNBC
 
There are few, if any, world leaders that could match the clarity of Japanese Prime Minister Shinzo Abe’s China strategy.
Having led the Liberal Democratic Party to a resounding election victory, Abe declared in December 2012 that “China is an indispensable country for the Japanese economy...

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Nikkei Average Dives to 7-Month Low

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THE JAPAN NEWS
 
TOKYO (Jiji Press) — The benchmark Nikkei average plunged to a seven-month low on the Tokyo Stock Exchange Thursday, as investors took fright from an overnight slump in U.S. equities.
The 225-issue Nikkei average tumbled 822.45 points, or 3.72 percent, to end at 21,268.73, the lo...

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Toyota, Mazda Look To Integrate Automobile Loan Units

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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

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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

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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

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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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