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Toshiba Sees Bigger Loss As Restructuring Costs Mount

Japanese industrial conglomerate Toshiba Corp expects a bigger full-year loss than previously anticipated, amid mounting restructuring costs after a $1.3 billion accounting scandal, Reuters reported. Toshiba said on Thursday it now expected a net loss of ...

Daily Headline - global.abi.org - 02/04/2016 - 21:44 - 0 comments

Japan’s Big Banks Step Up Foreign M&A Lending

Faced with sluggish domestic growth, Japan’s megabanks are expanding their role in financing global mergers and acquisitions, which hit a record level this year, the Wall Street Journal reported today. Japanese banks have long ranked among the world’ ...

Daily Headline - abi_admin - 12/29/2015 - 12:45 - 0 comments

Suga: Bank of Japan Still Has Room to Maintain Easing

The Bank of Japan still has policy options to continue its unprecedented monetary easing, Chief Cabinet Secretary Yoshihide Suga said in an interview days after the central bank announced it wouldn’t expand its main stimulus target, Bloomberg News report ...

Daily Headline - abi_admin - 12/24/2015 - 10:57 - 0 comments

Japan Avoids Second Recession of Abenomics Era

activity, grew 1.0% in the third quarter from the prior three-month period on a seasonally adjusted annualized basis, the Cabinet Office said Tuesday. Previously it had estimated that the economy shrank 0 ... Shinzo Abe to say the economy is on a recovery track after a revised decline of 0.5% in the second ...

Daily Headline - global.abi.org - 12/07/2015 - 22:45 - 0 comments

Japan, Counting on Gradual Recovery, Holds Steady on Stimulus

The Bank of Japan kept its monetary stimulus programme unchanged on Thursday, with Governor Haruhiko Kuroda holding fast to his view that the corporate capital expenditure vital to economic growth will pick up - suggesting that no new monetary easing is ...

Daily Headline - global.abi.org - 11/19/2015 - 21:48 - 0 comments

Japan’s Economy Feels the Sting of China’s Slowdown

Japan, more than many other developed countries, needs everything to go right for its economy to grow, the International New York Times reported. Its population and work force are shrinking. Once-big industries like consumer electronics are retrenchi ...

Daily Headline - global.abi.org - 11/16/2015 - 19:46 - 0 comments

Japan’s 'Quintuple Dip' Recession Delivers A Fresh Blow To Abenomics

annualised 0.8% in July-September, more than a market forecast for a 0.2% contraction, government data showed on Monday. That followed a revised 0.7% contraction in the previous quarter, fulfilling the technical ...

Daily Headline - global.abi.org - 11/15/2015 - 23:15 - 0 comments

Bank of Japan, Despite Gloomy Forecast, Resists New Steps

Japan’s central bank said on Friday that the economic outlook was worsening, but its governor said that the stimulus measures already in place, while slow to take effect, were enough for now. Even with the benchmark interest rate at virtually zero and th ...

Daily Headline - global.abi.org - 11/01/2015 - 21:32 - 0 comments

Daiichi Chuo Shares Halted After Nikkei Report on Bankruptcy

Shares of Daiichi Chuo KK, a Japanese shipping line, were halted from trading in Tokyo after the Nikkei newspaper reported the company may seek bankruptcy protection as early as Tuesday. The company’s liabilities may be about 120 billion yen ($1 billion) ...

Daily Headline - global.abi.org - 09/28/2015 - 20:35 - 0 comments

Shinzo Abe Vows To Boost Japan Output By 22% With New Reforms

Shinzo Abe has vowed to boost the size of Japan’s economy from Y491tn to Y600tn and said his programme of reforms was entering a new, second stage, the Financial Times reported. The Japanese prime minister was speaking after his Liberal Democratic pa ...

Daily Headline - global.abi.org - 09/24/2015 - 21:10 - 0 comments

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