Chief negotiators from the respective countries in the Asia Pacific region are set to meet next week to hammer out an agreement for signing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). On Thursday, Australian Prime Minister Malcolm Turnbull… Read More ›
Japan
The transfer of Toshiba’s nuclear business to the Baupost Group would help lift its balance sheet by $3.68 billion
The 410 billion transfer includes a post-tax profit of 170 billion yen as well as 240 billion yen tax benefits. On Thursday, Toshiba Corp stated once it sells its claims in Westinghouse Electric Co, its bankrupt nuclear unit, to a… Read More ›
Japan’s SoftBank Group aims to sell its Japanese wireless business to raise at least $18 billion
The SoftBank Group’s proposed $18 billion (2 trillion yen) IPO would mark it as one of the biggest listings by a Japanese company. On Monday, the SoftBank Group Corp disclosed, it is considering an IPO for its Japanese wireless business… Read More ›
Britain eyeing TPP once it leaves the EU in March 31, 2019
EU rules state that Britain cannot join any trade deal before it leaves the bloc. The Financial Times has reported that Britain is interested in joining the Trans-Pacific Partnership trade bloc once it formally leaves the European Union. Britain has… Read More ›
Nippon Life Insurance – looking to diversify its revenue streams
Nippon Life Insurance’s move is in line with the insurance industry’s efforts to divert funds into foreign corporate bonds and alternative investments, however the rise of interest rates in the U.S. is likely to pose a challenge to its strategy… Read More ›
Tokyo prosecutors raid Japanese construction firms over Maglev projects
The politically influenced construction industry in Japan has seen frequent alleged bid-rigging related issues crop up. The current issue revolves around laying maglev lines that link up Tokyo, Nagoya and Osaka. On Tuesday, prosecutors in Tokyo raided the headquarters of… Read More ›
EU, US, Japan join forces to expose China’s economic designs on global trading practices
The alliance will have to streamline their efforts and work more closely since any unilateral action by any member could undermine their core strategic group effort. As per a source close to the discussions at hand, the European Union, the… Read More ›
Casino resorts are likely to attract big money in Japan
The global gambling industry’s focus is now on Japan where its potential is skyhigh. Among the forerunning in the race to win gambling licenses are U.S. operators MGM Resorts International and Las Vegas Sands Corp. Melco Resorts & Entertainment Ltd… Read More ›
Japanese Prime Minister Shinzo Abe to beef up economy after election win
The Japanese government is set to pump in more funds into its economy. Its best to read this report in the context of Trump’s America first policy and U.S.-Japan trade. As per sources within the Japanese government, in the wake… Read More ›
Japan’s No.3 property and casualty insurer, Sompo, sets up base in Israel
Sompo is looking to invest in Israeli startups which specialise in cyber security, life sciences and agriculture. Sompo Holdings Inc, one of Japan’s top three property and casualty insurers, has become the first Japanese insurer to set up a fintech… Read More ›