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
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
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
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
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
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
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
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
[TOKYO (Reuters)]- Japan’s trade deficit continues to expand. In July, it was 2.1 trillion yen (seasonally adjusted), and it is a situation where we may have a deficit of over 20 trillion yen on an annual basis. The income balance in fiscal 2021 will be in the black of 19 trillion yen, and there is … Read more
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