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While the ex-banker is almost guaranteed to be made prime minister by his party at a special session Monday, within weeks he will need to face a skeptical public in a general election.
The Tokyo stock market is likely to continue its long-term climb following Wednesday's election of a new leader of Japan's ruling party, analysts say, citing hopes the incoming administration will bring fresh measures to buoy the economy. With the election of former Foreign Minister Fumio Kishida as new Liberal Democratic…
The Bank of Japan headquarters in Tokyo’s Chuo Ward (Asahi Shimbun file photo) With shareholdings valued at 51.509 trillion yen ($470 billion), the Bank of Japan has become the largest investor in Japanese stocks, heightening concerns about market distortions and conflicts of interest within the central bank. The exchange-traded funds (ETFs) owned by the BOJ are collectively worth 4.3 trillion yen more than the figure for the Government Pension Investment Fund (GPIF), which was the largest shareholder at the end of fiscal 2019. Released on July 2, the GPIF business report for fiscal 2020 sh...
5 Min Read TOKYO, April 28 (Reuters) - A scorching rally in Japanese shares that appeared to have run ahead of economic prospects has stalled, but analysts are betting it will resume as early as mid-year as the country’s heavily cyclical stocks thrive on global growth. A world-beating 33% rally in the Nikkei 225 from the end of October has faltered around the 30,000 mark since mid-February, even as other major stock indexes reached for new highs almost every week, led by U.S. equities. Faith in the recovery from the COVID-19 pandemic that had made the Nikkei the darling of investment bets o...
Blog Blog Blog Blog 2 May, 2021 Author Yuzo YamaguchiFrancis Garrido Some of Japan's regional banks may be forced to consolidate to survive, a consideration many have long been resistant to, as more banks are no longer earning sufficient income to cover operating expenses. Among 34 Japanese regional banks that reported revenue and expenses data for the three months ended Dec. 31, 2020, four had their quarterly expenses exceed net interest income, according to S&P Global Market Intelligence. Sixteen other lenders reported net interest income-to-opera...