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Tokyo Stocks Plunge, Yen Surges Amid Rising Middle East Tensions

  • Category:Other
JAPAN TODAY
 
TOKYO - Japan's financial markets saw turbulence Monday, the first trading day of 2020, with Tokyo stocks plunging and the yen climbing against the U.S. dollar in the wake of escalating tensions in the Middle East.
The 225-issue Nikkei Stock Average ended down 451.76 points, or 1.91...

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Japan Loves Robots, But Human Work Is Not Easy For Them

  • Category:Other
IRISH TIMES
 
Robots ‘cannot perform tasks requiring judgment or evaluate a change in a situation’Removing the tiny eyes that pockmark potatoes is dull, repetitive and time-consuming work – perfect, it would seem, for robots in a country where the population is declining and workers are increasin...

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Mizuho To Accelerate Digitization Push

  • Category:Other
THE JAPAN NEWS
 
TOKYO (Jiji Press) — Mizuho Financial Group Inc. President Tatsufumi Sakai has expressed his intention to accelerate the group’s efforts to keep pace with digitization in financial services, including steps on money settlements and transfers.
Mizuho will aim to improve its custom...

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Flash-Crash Risks Spark Worry

  • Category:Other
THE JAPAN NEWS
 
TOKYO (Bloomberg) — As Japan enters a six-day New Year break, a sense of anxiety over the possibility of another flash crash is gripping currency traders.
The Financial Futures Association of Japan has already warned of market instability as the holidays create a liquidity vacuum...

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More Convenience Store Operators Eye Shorter Hours, Closures For Holidays

  • Category:Shopping
JAPAN TODAY
 
TOKYO - Japan's major convenience store operators are exploring reduced holiday hours amid a labor shortage and rising public awareness about overwork issues, with Seven-Eleven Japan Co and Lawson Inc closing some of their outlets on New Year's Day as an experiment to gauge consumer...

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Execs Quit As Japan Post Units Ordered To Halt Insurance Sales For Three Months

  • Category:Other
JAPAN TIMES
 
The Financial Services Agency ordered two subsidiaries of the former state-owned postal services group to suspend new sales of insurance products on Friday, for three months, over improper sales that left thousands of people disadvantaged.
The FSA issued the penalties to the two uni...

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Seven-Eleven To End Contract With Franchisee Who Cut Opening Hours

  • Category:Other
JAPAN TODAY
 
OSAKA - Seven-Eleven Japan Co has informed a store owner in western Japan who cried foul over its 24/7 operation policy that it is ending its franchise contract due to customer complaints, he said Sunday.
The operator of 7-Eleven convenience stores in Japan will terminate the contra...

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Give Employees A Break Or Cash In On New Year’s Day?

  • Category:Other
THE JAPAN NEWS
 
Amid a severe labor shortage, retailers and restaurant chains face a dilemma over the year-end and New Year period: should they briefly close their doors for a holiday, or keep the cash registers ringing?
A growing number of retailers and restaurant chains are opting to stay clos...

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Japan's Output, Retail Sales Fall, Signaling Economic Strains

  • Category:Other
THE TELEGRAM
 
TOKYO (Reuters) - Japan's industrial output slipped for the second straight month in November, raising the likelihood the economy will contract in the fourth quarter due to slowing demand abroad and at home.
Japan's economy has cooled in recent months due to a prolonged hit to expo...

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Japan Regulators Signal Caution Over CLO Market's Expansion

  • Category:Other
BUSINESS TIMES
 
JAPAN needs to remain vigilant about its banks' overseas investments in bundled credit products because the underlying loans may be less spread out across industries or individual companies than they appear, a senior regulatory official said.
"Even if banks individually think the...

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