Japan

Japan’s finance minister says authorities are looking at factors behind yen moves
Japan’s finance minister says authorities are looking at factors behind yen moves
April 12, 2024
JAPANESE Finance Minister Shunichi Suzuki said on Friday authorities were analysing not just recent yen levels but factors that are driving the currency’s moves.In a press conference, Suzuki also...
Google alums go big in Japan with months-old startup Sakana AI
Google alums go big in Japan with months-old startup Sakana AI
April 11, 2024
SAKANA AI, a Tokyo-based startup founded by former Google researchers, is capitalising on a surge in interest among Japanese firms seeking to catch up in artificial intelligence.Japan has given...
Japan says it won’t rule out any FX action as yen hits 34-year low
Japan says it won’t rule out any FX action as yen hits 34-year low
April 11, 2024
JAPANESE Finance Minister Shunichi Suzuki said on Thursday (Apr 11) that authorities would not rule out any steps to deal with excessive exchange-rate swings after the US dollar surged...
Google investing US billion to boost connectivity to Japan via two subsea cables
Google investing US$1 billion to boost connectivity to Japan via two subsea cables
April 11, 2024
GOOGLE will invest US$1 billion to improve digital connectivity between the United States and Japan through two new subsea cables, the Alphabet-owned firm said on Wednesday (Apr 10) amid...
China’s EV makers bet they can dethrone Japan brands in Thailand
China’s EV makers bet they can dethrone Japan brands in Thailand
April 9, 2024
STANDING in front of a large crowd at last month’s Bangkok International Motor Show, an executive from Hozon New Energy Automobile promised to double sales in Thailand to 30,000...
Citi upgrades Japan to overweight, downgrades emerging markets to neutral
Citi upgrades Japan to overweight, downgrades emerging markets to neutral
April 8, 2024
CITIGROUP on Monday (Apr 8) upgraded Japanese shares on expectations they will continue to benefit from a favourable macro environment, while downgrading emerging market stocks. The brokerage now has an...
UBS SuMi to acquire Credit Suisse’s wealth business in Japan
UBS SuMi to acquire Credit Suisse’s wealth business in Japan
April 8, 2024
UBS’ joint venture (JV) company in Japan will acquire Credit Suisse’s wealth management business in the country, according to people familiar with the matter, following the lender’s takeover of...
A year into his job, Bank of Japan chief Ueda gets one mission accomplished
A year into his job, Bank of Japan chief Ueda gets one mission accomplished
April 8, 2024
A YEAR into his job, Bank of Japan (BOJ) governor Kazuo Ueda said he had achieved a goal he set when taking the helm: changing the bank’s complex monetary...
Japan warns against excessive yen moves, repeats verbal intervention
Japan warns against excessive yen moves, repeats verbal intervention
April 5, 2024
JAPANESE Prime Minister Fumio Kishida said on Friday (Apr 5) authorities will use “all available means” to deal with excessive yen falls, stressing Tokyo’s readiness to intervene in the...
Bank of Japan hints at near-term rate hike, pushing yields higher
Bank of Japan hints at near-term rate hike, pushing yields higher
April 5, 2024
BANK of Japan (BOJ) governor Kazuo Ueda said inflation would likely accelerate from “summer towards autumn” as bumper pay hikes push up prices, the Asahi newspaper reported, his strongest...