TOKYO – Candidates to become Japan’s next prime minister all said they would have better policies to fight the pandemic and reduce the income gap during television debates on Friday, but they were split on diversity issues from same-sex marriage to married couples having separate surnames. Whoever wins the Liberal Democratic Party presidency on Sept. 29 will become prime minister because of the LDP’s majority in the lower house of parliament, and campaigning began in…"Japan PM candidates differ on same-sex, women rights issues"
TOKYO/SINGAPORE – Several Asian nations are quickly ramping up vaccination campaigns from shaky starts to combat growing COVID-19 infections, as supply shipments roll in and people overcome hesitancy in hopes of easing curbs and freeing up travel. Japan and South Korea have passed the United States in terms of those who have received at least one dose and are fast catching up with the second. And Australia, which is targeting high vaccination rates in its…"Asia supercharges vaccination efforts after slow start, U.S. lags"
TOKYO – Four Japanese companies, including Mitsui & Co, have agreed to sell their entire stakes in Mexican power plant operator MT Falcon Holdings to British fund Actis GP LLP for an undisclosed figure, the companies said on Thursday. The divestiture from Falcon, which runs 2.23 gigawatts (GW) of gas-fired plants, comes amid a growing global trend away from fossil fuels in the race to cut harmful carbon dioxide emissions and slow climate change. Trading…"Japan’s Mitsui and partners to exit Mexico’s gas power project"
TOKYO – Japan’s exports extended double-digit gains in August, led by strong shipments of chip manufacturing equipment, though the pace of growth weakened mainly due to the deepening impact of a COVID-19 resurgence across Asia. The trade data is unlikely to dispel worries about the outlook for Japan’s economy, which has not yet recovered to pre-pandemic levels after taking an enormous hit from a collapse in global trade in the first quarter of 2020. Exports…"Japan’s exports extend double-digit gains for sixth straight month"
TOKYO – A majority of Japanese firms say the world’s third-largest economy will recover to pre-pandemic levels in fiscal 2022, a poll showed, with many anticipating they will continue to face COVID pains until next year or later. The Corporate Survey results underscored a cautious view of Japan Inc on the economy, which stood in contrast with the government’s optimistic estimate that gross domestic product (GDP) will return to pre-COVID levels later this year. Revised…"Japan firms see economy recovering to pre-COVID level in FY2022: Reuters poll"
TOKYO – Bank of Japan Governor Haruhiko Kuroda told an online seminar on Wednesday that he expected Japan’s inflation rate to rise steadily although it would not hit the central bank’s 2% target before 2023."BOJ’s Kuroda: Japan inflation to reach 2% goal, but not before 2023"
TOKYO – A Japanese brokerage industry group said on Wednesday it would review the process for setting the price of initial public offerings (IPO), responding to criticism from startups that IPO prices have often been too low and surged on market debuts. The Japan Securities Dealers Association said it would set up a panel consisting of scholars, investors and executives from major brokerage houses and startups this month to review the process. On the Tokyo…"Japan’s securities industry group to review IPO price-setting process"
TOKYO – Japan’s Shinsei Bank said on Wednesday no decision has been made on its response to an unsolicited $1.1 billion bid by SBI Holdings following a media report that it plans to introduce a poison-pill defence. “It is true that Shinsei Bank is currently considering various measures to respond” to SBI’s tender offer, the Tokyo-based lender said in a statement. “However, it is not factual that a decision has been made at this time,”…"Shinsei Bank says it is still considering response to SBI’s bid"
TOKYO – Japan’s core machinery orders rose in July after a dip the previous month, a sign corporate spending is perking up despite the wider hit to the economy from the pandemic. However, the weaker-than-expected rebound may add to concerns about Japan’s already tepid recovery, which has largely relied on manufacturers and other export-oriented businesses as curbs dampen domestic consumption. Core machinery orders, a highly volatile data series regarded as a leading indicator of capital…"Japan’s machinery orders rebound in sign of capex recovery"
TOKYO -Japan’s Shinsei Bank is considering measures to fend off an unsolicited $1.1 billion tender bid by SBI Holdings, the Nikkei financial daily reported on Tuesday. Shinsei Bank’s board could meet this week to discuss a possible issuance of stock warrants to existing shareholders to dilute the holdings of SBI, which already owns 20% of the Tokyo-based lender, Nikkei said without citing sources. The bank would then seek shareholders’ approval for the measures in November,…"Japan’s Shinsei Bank eyes defence against SBI bid, Nikkei reports"