Topics

Aug 31, 2016

Canada snubs U.S. in seeking to join China-led AIIB

Canada will apply to join the China-backed Asian Infrastructure Investment Bank, Ottawa’s finance department said Wednesday, in a coup for Beijing after Washington tried to dissuade its allies from signing up. “Canada is always looking for ways to create hope and opportunity for our ...

Gaffe-prone Aso brands brokerage workers 'shady types'

Aug 31, 2016

Gaffe-prone Aso brands brokerage workers 'shady types'

In the latest of a long series of gaffes, Finance Minister Taro Aso has hit out at brokerage workers — a profession he’s responsible for overseeing. “People have a preconception that investing in bonds and stocks is dangerous, and that’s correct,” Aso said at ...

Aug 31, 2016

Google 'plans tie-up' with MUFG on Android Pay platform

Alphabet Inc. will tie up with Mitsubishi UFJ Financial Group Inc. on its Android Pay platform, a person with knowledge of the matter said, the latest move by a technology giant to tap Japan’s rapidly growing digital payments market. Starting as early as this ...

Aug 31, 2016

Keizai Doyukai chairman calls for end to BOJ easing policy

Yoshimitsu Kobayashi, chairman of the Japan Association of Corporate Executives, or Keizai Doyukai, said he wants no further monetary policy easing by the Bank of Japan. “We don’t want the BOJ to go any deeper than now,” Kobayashi told a news conference Tuesday, expressing ...

Japanese factory output disappoints in July

Aug 31, 2016

Japanese factory output disappoints in July

Factory output stagnated in July from the previous month, data showed Wednesday, in a further blow to the world’s third-largest economy. The lackluster result came after a series of disappointing data, which raised a red flag for an economy that stalled in the second ...

Aug 31, 2016

Low investment in G-7 nations clashes with central bank efforts

One big reason the global economy is spinning its wheels: some of the world’s richest governments are being tightwads. Group of Seven governments have been cutting their investment spending since a brief surge as the global financial crisis took hold. As a share of ...

Aug 31, 2016

JX, TonenGeneral finalize merger as Japan's biggest oil refiner

JX Holdings Inc. and TonenGeneral Sekiyu KK on Wednesday finalized an agreement to form Japan’s biggest oil refiner starting in April. JX Holdings will give 2.55 shares for each TonenGeneral share, the two companies said in a joint statement. The deal values TonenGeneral at ...