Tags: Japan

Japan's MUFJ Bank As It Reports Q3 Results

Japan Bank Executives Apologize, Take Pay Cuts After Employees Steal $9M From Safe Deposits

Executives at MUFG Bank took pay 30% pay cuts after an employee stole $9 million in valuables over four years, with compensation to soon reach affected customers.


Canadian Company Proposes to Buy 7-Eleven for $37.5 Billion

Canada's Alimentation Couche-Tard has made a $37.5 billion bid to acquire 7-Eleven, valuing 7-Eleven at twice its previous Tokyo listing.

Bank of Japan Expected to Present 'Paradigm Shift' on Inflation, Rate-Hike Cycle

The Bank of Japan (BOJ) said that it was preparing for an era of steady interest rate hikes by claiming victory over deflation, according to a major review of past policy that recognized a paradigm shift over consumer behavior.

Uniqlo’s Parent Company Projects 37.4% Quarterly Net Profit Gain

Fast Retailing, the Japanese owner of the clothing retailer Uniqlo, reported that it had a quarterly net profit of $720 million in its latest figures in May, an increase of 37.4% from the same period last year.


Latest News

High-Tech Yen Bills: Japan Issues First Set of New Banknotes in 20 Years With Hologram Portraits
The first new banknotes of Japan in 20 years have finally hit circulation this week. The first new banknotes of Japan in 20 years have finally hit circulation on Wednesday, July 3.
Japanese Woman Allegedly Kills Parents to Take Over Restaurant Business
A 31-year-old Japanese woman was arrested for allegedly killing her parents to take over their restaurant business.
US, Japan, South Korea Make Collaboration Commitment in Key Tech Capabilities
The United States, Japan, and South Korea have agreed to strengthen its cooperation on building more resilient supply chains and developing key technologies, particularly semiconductors, clean energy, cybersecurity, and critical minerals.
JAPAN-ECONOMY-FOREX
The Japanese yen has reached its lowest against the dollar since 1986, mostly due to the interest rate gap, prompting concerns over potential intervention by Japanese authorities.
US Urges Japan, Netherlands to Further Limit Exports of Chipmaking Equipment to China
The United States (US) is urging Japan and the Netherlands to further hamper China's capability to produce high-tech semiconductors.
US Pushes for Stricter Semiconductor Export Limits to China, Official Heads to Japan
A US official is traveling to Japan after discussions with the Dutch government to strengthen allied to restrict China's access to advanced semiconductor technology.
Toyota Shareholders Re-Elect Akio Toyoda as Chairman Amid Safety Test Scandal, Governance Issues
Toyota shareholders re-elected chairman Akio Toyoda to his post on the board but left him beleaguered due to the company’s governance issues and scandals involving some of its car models.
G7 Agrees to Give Ukraine $50 Billion Loan Amid War vs. Russia
The leaders of the Group of Seven, the world’s wealthiest nations, have agreed to create a $50 billion loan to help Ukraine in its fight to survive Russia’s onslaught, with interest earned on profits from Russia’s frozen central bank assets used as collateral.
Google's Privacy Chief Keith Enright Is Leaving the Company After 13 Years
Japanese legislation penalizes digital corporations like Google and Apple that don't allow third-party applications and payment systems.
Japanese General Trader Marubeni Invests on Amata's Vietnamese Industrial Park
Marubeni Corporation recently announced that it was participating in the development and operation of an industrial park in Vietnam run by a subsidiary of the Thai industrial developer Amata Corporation.
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