Finbarr Flynn

For Finbarr Flynn's latest contributions to The Japan Times, see below:

Refiners Idemistu and Showa Shell in talks for tie-up

| Dec 22, 2014

Refiners Idemistu and Showa Shell in talks for tie-up

Shares in Japanese refiners surged on Monday after two of the largest said they were discussing a tie-up, as falling demand for fuels spurs the industry to consider consolidation. Idemitsu Kosan Co., Japan’s third-biggest refiner by capacity, and Showa Shell Sekiyu KK, the fifth-ranked ...

Aug 29, 2014

Yen at 120 needed to fuel inflation, UBS exec says

The new chief investment officer for Japan at UBS AG’s wealth management division likens the nation to a man with $1.2 million in debt who is spending all his $53,000 salary and still borrowing $40,000 a year. Japan has no option but to fuel ...

Jul 31, 2014

Loan funds lure companies missing out on Abe rebound

As Prime Minister Shinzo Abe’s stimulus helps push banks’ lending rates under 1 percent, funds are targeting a debt market paying 10 times that. Japanese banks have cut loans to smaller companies as global regulations get tougher, while a government crackdown on excessive interest ...

BOJ misfire seen in regional banks' turn to aircraft loans

Jan 22, 2014

BOJ misfire seen in regional banks' turn to aircraft loans

Chugoku Bank Ltd. wants to get into the global airline debt market after loans to local businesses fell for a fourth straight year. “It’s the same everywhere: loans aren’t increasing and margins aren’t good,” Eriko Manabe, who works on the bank’s overseas lending, said ...

Tepco bonds a safe bet now: Nomura

Dec 17, 2013

Tepco bonds a safe bet now: Nomura

Nomura Holdings Inc. is urging investors buy Tokyo Electric Power Co. bonds after a report that the government plans to cap the utility’s cleanup costs at the wrecked Fukushima No. 1 nuclear power plant. The yield premium on Tepco’s 1.155 percent notes due in ...

Jun 27, 2013

Probe launched after Anglo Irish execs' calls leaked

A former executive at Anglo Irish Bank Corp. said it would be “fantastic” if the state took over the lender, as “we’d all get to keep our jobs” and sang “Deutschland uber alles” as the bank won German deposits, according to tapes of 2008 ...