Shares of Japanese messaging app operator Line Corp (3938.T) (LN.N) were set to surge in Tokyo on Friday after soaring as much as 36 percent in their U.S. market debut, valuing the startup at $9.3 billion in the biggest tech IPO this year.
Nader Naeimi, who gave up on Japan at the start of the year, says he’s turned bullish again.
The Japanese government stayed alert on possible economic turbulence following Britain's decision to leave the European Union and held a meeting Monday morning discussing measures to cope with after-effects of it.
Japan's massive government pension fund confirmed Thursday that it has sued the crisis-hit Toshiba Corp. for around 960 million yen (9.1 million dollars) in damages over an accounting scandal that brought down the electronics giant' s share price.
Business sentiment among major companies in Japan has worsened, with nearly 80 percent viewing the domestic economy as “at a standstill,” an Asahi Shimbun survey shows.
Japan fell into a trade deficit in May, the first since January, the Finance Ministry said Monday, as renewed yen strength pressured exports.
Japan's exports declined for an eighth successive month in May the Finance Ministry said on Monday as major destinations including the United States, China and Europe saw shipments drop in a further sign Prime Minister Shinzo Abe's "Abenomics" economic recovery mix is running out of steam.
Confidence at Japanese manufacturers tumbled to a three-year low in May and is seen recovering only modestly in the next three months, a Reuters poll found, in a sign the yen's rise is taking its toll on exporters of cars and electronics.
Japan’s exports fell sharply in April and manufacturing activity suffered the fastest contraction since Prime Minister Shinzo Abe swept to power in late 2012, providing further evidence that the Abenomics stimulus policy is struggling for traction.
Japan faces a challenge in bridging a widening divide over how to revitalize sluggish growth in leading economies at a meeting of top financial officials that began Thursday with the group bashing in the lids of sake barrels.
The Japanese government on Wednesday said that the country's economy increased an annualized 1.7 percent in real terms in the first quarter of 2016 and that this corresponded to a 0.4 percent growth from the previous quarter, attributing the increase to recovering private consumption.
Japan's lower house of parliament on Monday passed a 778 billion yen (7.15 billion U.S. dollars) extra budget for fiscal 2016 with the funds earmarked for the reconstruction and restoration of regions in the southwest that were rocked by earthquakes last month.
Japan will print an additional 180 million 10,000-yen ($90) banknotes in fiscal 2016 from a year earlier to meet the rising demand as an increasing number of Japanese households are tucking the bills away at home.
The Taiwanese company that assembles Apple's iPhones agreed Wednesday to buy control of financially struggling Sharp Corp. for $3.5 billion (389 billion yen) in the first takeover of a major Japanese electronics producer by a foreign company.
The Bank of Japan (BOJ) on Friday surprised markets by announcing that it would introduce a negative interest rate to show resolution in the fight against prolonged deflation.
Japan posted a trade deficit in 2015 for the fifth successive year, although the deficit shrank by 77.9 percent from the previous year to 2.83 trillion yen (23.9 billion U.S. dollars), as import costs dropped owing to the global oil glut and slumping prices, government data showed Monday.
Japan's parliament on Wednesday enacted an extra budget of 3.32 trillion yen (28.2 billion U.S. dollars) for fiscal 2015 through March to underpin the economy and enhance welfare provisions.
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