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Banking / Investment in Japan

  • Saving face on the Korean Peninsula

    CHINA, 2017/05/07 Kim Jong-un sees nuclear capability as almost his sole source of regime security and he is not going to give it up, no matter how strong the pressure. He is not stupid. All he has to do is to look at the history of Iraq and Libya, where neither dictator had nuclear weapons. So if the United States insists on de-nuclearisation of the peninsula, presumably that would require regime change, and regime change is unlikely without the use of force. War in the area would be hugely destabilising and potentially disastrous. No one in their right mind should want that. China is right to urge negotiations, but what is to be negotiated? Kim is not going to negotiate away his own security by giving up his nuclear capability. But if China exerts sufficient pressure, he may acknowledge to stop testing.
  • Mizuho takes on the Americas

    JAPAN, 2016/01/11 How is Japanese mega-bank Mizuho growing its investment banking franchise in the Americas? Stefania Palma talks to Mizuho Securities USA's chief executive, John Koudounis, to find out. Two-decade-long deflation and a record low-interest-rate environment are pushing Japanese mega-banks to diversify revenue sources out of lending into fee-based business – such as investment banking – and to expand abroad. Mizuho’s US investment banking arm – Mizuho Securities USA – is capitalising and growing on the back of both trends. Mizuho Securities USA’s deficit capital markets group has spearheaded the subsidiary’s increase. Within the space of four years, the lender has jumped up eight places in the bookrunner league table for US corporate deals to position 11 in mid-2015, according to Bloomberg. The subsidiary as well made its name as a lead manager in the major and second major bond deals in history – Verizon’s $49bn trade and Actavis’s $21bn note.
  • The Bank of Japan leaves monetary policy unchanged

    JAPAN, 2014/10/07 The Bank of Japan kept its monetary policy unchanged at its October conference as widely expected by economists. The bank maintained its pledge to increase the monetary base at an annual pace of about JPY 60- JPY 70 trillion. The bank repeated that it will purchase Japanese government bonds so that their outstanding all will rise at an annual pace of about JPY 50 trillion and to purchase exchange-traded funds and Japan real estate investment trusts to increase at an annual pace of around JPY 1 trillion and JPY 30 billion, respectively.
  • BoJ Tankan: Inflation Outlook 1.5% For Next Year

    JAPAN, 2014/04/02 The estimate for inflation over the next year in Japan is 1.5 %, the Bank of Japan said on Wednesday in the second half of its quarterly Tankan survey of consumer sentiment. According to the all enterprise component, the inflation rate is expected to rise to 1.5 % in the next year, again hit 1.7 % over the next three years, and remain there in five years. Part large manufacturers, inflation is expected to add 1.1 % over the next year, and again rise to 1.3 % in three to five years. Part large non-manufacturers, inflation is called at 1.1 % in the next year, 1.3 % in three years and 1.2 % in five years.
  • Japan has donated US$194,000 to the Cabo Verde (Cape Verde) g

    JAPAN, 2014/03/16 Japan has donated US$194,000 to the Cabo Verde (Cape Verde) government and to the Praia Municipal Council to fund projects linked to health and safety at work. The arrangement for the donation was signed Thursday in the archipelago’s capital, Praia. Japan has donated US$72,000 due to the central government to fund a project to improve the sanitary control laboratory of the Praia fishing port. The coordinator of the management commission of the fishing port, José Maria Carvalho, cited by news agency Inforpress, said that the donation, which is part of the Japanese government’s Non-Refundable Aid Programme for Local Projects, would benefit 1,200 people.
  • The members of the Bank of Japan's Monetary Policy Board

    JAPAN, 2014/02/23 The members of the Bank of Japan's Monetary Policy Board said that the country's economic recovery is expected to continue, minutes from the bank's January 21 and 22 conference revealed on Friday. The board added that downside risks remain to the recovery - particularly from commodity exporters, the European deficit situation and the pace of the recovery in the United States. "Japan's economy has continued to recover moderately, and a front-loaded increase in request prior to the consumption tax hike has recently been observed. Overseas economies -- mainly advanced economies -- are starting to recover, although a lackluster performance is still seen in part," the minutes said.
  • Bank of Japan policymakers agreed to continue its moderate recovery

    JAPAN, 2014/01/01 Bank of Japan policymakers agreed on the assessment that the economy is set to continue its moderate recovery, but some did express concern over the slowing pace of increase, minutes of the November 20-21 conference showed on Thursday. Further, members of the Bank of Japan Policy Board concurred that inflation expectations were rising on the whole. At the end of a two-day conference in November, the nine-member Policy Board led by Governor Haruhiko Kuroda, decided to keep the target for the monetary base expansion at an annual pace of JPY 60-70 trillion.
  • The Bank of Japan retained its monetary easing plan unchanged

    JAPAN, 2013/12/21 The Bank of Japan on Friday retained its monetary easing plan unchanged as the economy continued its moderate recovery and consumer prices maintained an upward trend. At the end of a two-day conference, Governor Haruhiko Kuroda's nine-member Policy Board said it will keep the target of the monetary base expansion at an annual pace of JPY 60-70 trillion. The Board said that the economy has been recovering moderately and the year-on-year change in the core consumer price index is presently at around 1 %. Inflation expectations are as well rising, according to the policymakers.
  • Africa's private sector

    JAPAN, 2013/12/19 The African Development Bank (AfDB) Tuesday said it had signed with the Japanese government a bilateral loan agreement to the tune of 9.48 billion Japanese yen (about US$ 100 million) towards the Enhanced Private Sector Assistance (EPSA) Initiative for Africa. This was disclosed by AfDB in a statement, following the signing of the agreement on Monday in Tunis by the AfDB President, Dr. Donald Kaberuka, and the Japanese Ambassador in Tunis, Mr. Juichi Takahara. According to AfDB, it is the fourth loan to the bank under the Enhanced Private Sector Assistance (EPSA) for Africa Initiative, which supports entrepreneurship, job creation and economic increase in Africa.
  • The Bank of Japan keep its massive stimulus program

    JAPAN, 2013/11/26 The Bank of Japan on Thursday decided to keep its massive stimulus program unchanged while as well retaining its outlook of a moderate economic recovery. At the end of a two-day conference of the nine-member Policy Board, led by Governor Haruhiko Kuroda, the central bank said it will keep the target for the monetary base expansion at an annual pace of JPY 60-70 trillion. In April, Kuroda announced the bank's plan to double the monetary base in two years with an aim to reverse 15 years of deflation in the country. Indicators released thus far have suggested that his efforts are gradually taking result.