The morning Nikkei average fell, breaking below 27,000 yen Anxiety in the financial system reignited | Reuters

On the Tokyo stock market on the morning of the 16th, the Nikkei Stock Average dropped 255.09 yen from the previous business day to 26,974.39 yen. The photo is of the Tokyo Stock Exchange. Photographed in Tokyo, October 2020. (Reuters/Issei Kato) [TOKYO (Reuters)]- On the Tokyo Stock Exchange on the morning of the 16th, the … Read more

Silicon Valley bank failure, limited impact on Japan’s financial system = Bank of Japan | Reuters

On March 14, the Bank of Japan’s Financial System and Banking Department issued a statement regarding the failure of the US Silicon Valley Bank (SVB), stating, “The direct exposure of Japanese financial institutions is thought to be negligible, and the impact on Japan’s financial system is currently limited. I’m looking at it,” he commented. FILE … Read more

Column: Abolition of YCC, which is highly difficult, BOJ needs to be prepared for paradigm change = Hideo Kumano | Reuters

Hideo Kumano Chief Economist, Dai-ichi Life Research Institute [Tokyo 26th]- Soon the name of the new governor of the Bank of Japan will be revealed. The normalization of monetary policy that person must undertake is likely to be an extremely bumpy road. Perhaps his five-year term will not be enough, and it may take more … Read more

Outlook for 2023: The structure of the rising dollar, rising risk of yen appreciation = Osamu Takashima | Reuters

Osamu Takashima Citigroup Securities Chief FX Strategist TOKYO (2nd) – The dollar/yen, which approached 152 yen in October 2022, fell sharply in November following the release of the US Consumer Price Index (CPI), which suggests that inflation has eased. Expectations that the U.S. Federal Reserve (Fed) will ease its pace of monetary tightening have risen … Read more

JIP’s Toshiba going private, progress to secure financing Concrete in reconstruction plan = related sources | Reuters

Makiko Yamazaki Ritsuko Shimizu TOKYO (Reuters) – Japan Industrial Partners (JIP), which has preferential negotiating rights in Toshiba’s restructuring plan, is making progress toward securing the financing needed to take the company private, sources said. Financial institutions believe that JIP’s plan to revive Toshiba has become more concrete, and each bank is now at the … Read more

Column: Next year’s Japanese stocks face global recession risk and yen appreciation = Norihiro Fujito | Reuters

Norihiro Fujito, Chief Investment Strategist, Mitsubishi UFJ Morgan Stanley Securities [Tokyo 7th]- Powell, Chairman of the US Federal Reserve Board (FRB), has a wide range of policy stances. Until last year, he consistently repeated his view that “high prices are temporary” and that “we can be patient with rate hikes.” However, signs of change emerged … Read more

Toshiya Imura holds a large amount of shares in Sumishi Holdings = Report | Reuters

TOKYO (Reuters) – Prominent investor Toshiya Imura submitted a report on the 1st that he held a large amount of Sumishi Holdings shares. The purpose of holding is pure investment, and the holding ratio reached 7.65% by November 24th. Sumiseki Holdings was established in 2008 as a holding company of Sumitomo Coal Mining (now Sumiseki … Read more

Column: Huge trade deficit is feared to be permanent, a factor to promote yen depreciation | Reuters

TOKYO (Reuters) – Japan’s August trade deficit hit a record high for a single month. If this pace continues, 2022 is likely to reach a record high for a calendar year. The question is whether this deficit is temporary or has become a permanent trend. Unfortunately, there is an increasing possibility that the recording of … Read more

Ministry of Economy, Trade and Industry supports small and medium-sized enterprises affected by the partial suspension of production in Hino | Reuters

On April 13, the Ministry of Economy, Trade and Industry announced that it would take measures for small and medium-sized enterprises and small businesses affected by the partial suspension of production of Hino Motors. The photo is the Hino Motors logo. Taken in 2017 in Tokyo. (2022 Reuters / Kim Kyung-Hoon) [Reuters, Tokyo 13th]–The Ministry … Read more