Japan

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Japan Household Spending Shrinks Again in April

reported. Spending fell 1.3 per cent year on year in April, sharpening from a fall of 0.7 per cent in March and defying expectations of a rebound, per a median estimate of 0.8 per cent growth from economists ... consumption, was also down 0.8 per cent month on month - also marking its third consecutive fall and touching a ...

Daily Headline - global.abi.org - 06/04/2018 - 23:30 - 0 comments

Japan Household Spending Fall Hints at Drop in Private Consumption

Spending fell 0.7 per cent year on year in the third month of 2018, with growth of 0.1 per cent in February revised to a fall of 0.9 per cent. The latest reading also ran counter to expectations, with a median ... March reading for retail sales notching a fall of 0.7 per cent from a year ago. Read more. ...

Daily Headline - global.abi.org - 05/07/2018 - 23:38 - 0 comments

Pumpkin Carriage Drives Japan Bank From Star Status to ‘Pariah’

It wasn’t so long ago that Suruga Bank Ltd. was seen as a model for how Japanese lenders can survive in an era of rock-bottom interest rates and weak loan demand. The regional bank was hailed for generating the best loan margins in the country, thanks to ...

Daily Headline - global.abi.org - 04/23/2018 - 22:13 - 0 comments

Japanese Equity Funds Suffer Worst Outflow in 17 Years

Japanese equity funds posted their biggest net outflow since 2001 as investors regained their taste for risk assets in the past week and directed cash to emerging market equities and junk bonds, the Financial Times reported. The moves come as fears o ...

Daily Headline - global.abi.org - 04/22/2018 - 23:19 - 0 comments

Numetal, ArcelorMittal And Vedanta Submit Fresh Bids For Essar Steel

Three bidders, including two new players, have submitted resolution plans after lenders called for fresh bids in Essar Steel Ltd.’s insolvency process, Bloomberg News reported. These include a joint venture between ArcelorMittal India and Nippon Steel &a ...

Daily Headline - global.abi.org - 04/02/2018 - 21:35 - 0 comments

Japan Inc Loosens Grip on Once-Sacred Noncore Assets

Toshiba’s $18bn sale of its prized memory chip business as it struggles to survive a financial crisis has shattered a long-standing taboo of corporate Japan, prompting companies to consider sales of assets once thought sacred. The cultural change, say M& ...

Daily Headline - global.abi.org - 02/28/2018 - 00:27 - 0 comments

Westinghouse Reaches Deal to Resolve Bankruptcy

Westinghouse Electric Co LLC, Toshiba Corp's nuclear services business, has made an agreement with its creditors that will clear the company's path out of bankruptcy, according to three people familiar with the matter. The deal will divvy up ca ...

Daily Headline - global.abi.org - 01/17/2018 - 23:56 - 0 comments

Japanese Inflation Creeps Toward 2 Percent Target

reported. The core consumer-price index, which excludes volatile fresh food prices, rose 0.9 percent in November from a year earlier, a slightly faster pace than an 0.8 percent increase in October. Another index ... rose 0.3 percent from a year earlier, compared with a 0.2 percent rise in October. Meanwhile, the ...

Daily Headline - abi_admin - 12/26/2017 - 01:07 - 0 comments

Japan's JFE to Bid for Bhushan Steel with India's JSW as Partner

Japan’s JFE Holdings Inc and India’s JSW Steel Ltd are lining up a joint bid with a private equity firm for the assets of India’s insolvent Bhushan Steel Ltd, two industry sources familiar with the matter said. Under the plans, JFE would set up a special ...

Daily Headline - global.abi.org - 11/23/2017 - 18:34 - 0 comments

Toshiba Share Sale Opens Door to Einhorn, Loeb, Other Activists

Toshiba Corp.’s plan to raise more money may bring in vocal investors more willing to take an active role in the electronics maker’s affairs, Bloomberg News reported. David Einhorn’s Greenlight Capital, Daniel Loeb’s Third Point and other investors have ...

Daily Headline - global.abi.org - 11/21/2017 - 00:46 - 0 comments

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