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Mitsubishi UFJ to Acquire WealthNavi

  • Category:Other
JAPAN NEWS
 
Mitsubishi UFJ Financial Group Inc. said Friday that it will acquire Japanese robo-advisory firm WealthNavi Inc. to reinforce its asset management services for individual customers.
MUFG Bank, a unit of Mitsubishi UFJ Financial, will launch a tender offer on Monday to buy WealthNavi ...

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Unitika Exits Textile Business After Long History

  • Category:Other
NHK
 
The Japanese company, Unitika, which was a leader in developing the nation's textile industry, is now withdrawing from the business altogether.
The firm's textile segment, mainly for clothing, has been losing money in recent years in the face of fierce competition from China and other overs...

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Yen Rallies On Rate Hike Bets As Equity Markets Swing

  • Category:Other
JAPAN TODAY
 
The yen rallied Friday after forecast-busting inflation data out of Tokyo boosted talk of another Japanese interest rate cut next month, while equity markets were mixed as traders weigh the economic outlook during a second Trump administration.
With Wall Street closed for the Thanks...

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Core Inflation In Japan's Capital Perks Up, Yen Jumps On Rate Hike Bets

  • Category:Other
REUTERS
 
Core consumer inflation in Japan's capital accelerated in November and stayed above the central bank's 2% target, data showed on Friday, as price pressures broadened, keeping alive market expectations for a near-term interest rate hike.
The yen jumped after the data, as market players s...

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Yomiuri 333 Stock Index Raises Investor Expectations in Japan; Equal Weighting To Provide New Perspective

  • Category:Other
JAPAN NEWS
 
The government and investors have expressed their high hopes for the Yomiuri Stock Index (Yomiuri 333), saying it will expand people’s investment options.
The Yomiuri Shimbun announced Thursday that it will establish the Yomiuri 333 in March next year to indicate the price movements ...

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Japanese Food Firm Marumiya Recalls Kamameshi-related Product after Finding Foreign Object, Possibly Cockroach

  • Category:Other
JAPAN NEWS
 
Marumiya Corp. announced that it will recall about 15,000 of its pre-packaged ingredient boxes for making kamameshi rice called “Tori Gobo Kamameshi no Moto.”
The recall comes after a foreign object that appeared to be a cockroach was found in one of the products.
The company said no...

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Trading House Itochu Looks To Finance Seven & I Management Buyout

  • Category:Other
JAPAN TODAY
 
Trading house Itochu Corp is considering helping finance the potential buyout of Seven & i Holdings Co by its management, responding to a request from the founding family of the Japanese retail giant, sources close to the matter said Monday.
Itochu, the parent of convenience store c...

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Amazon Japan Suspected Of Forcing Retailers To Cut Product Prices

  • Category:Shopping
KYODO NEWS
 
Japan's antitrust watchdog conducted an on-site investigation of the Japanese unit of Amazon.com Inc. on Tuesday for allegedly forcing retailers to cut prices of products sold on its online shopping website, sources close to the matter said.
Amazon Japan G.K. is alleged to have viola...

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Marriott Opens 100th Hotel In Japan

  • Category:Spot
TOP HOTEL NEWS
 
Marriott has strong growth momentum in Japan, and has just opened its 100th hotel in the country, under it Four Points Flex conversion brand.
​​Marriott International has opened its first Four Points Flex branded hotel in Asia Pacific, also marking the group’s 100th hotel in Japa...

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U.N. Panel’s Stance On Japan’s Imperial Succession Refuted

  • Category:Other
ASIA NEWS
 
At a press conference held after a Cabinet meeting Tuesday, Foreign Minister Takeshi Iwaya expressed his displeasure at the committee’s report that recommended the law be amended.
The reverberations from a U.N. committee’s recommendation that the Japanese government amend the Imperial...

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