Aug 20, 2014

Japan securities industry trying to attract youth for NISA

The securities industry is stepping up financial education for young people to promote the NISA small-lot, tax-free investment program introduced in January. The moves are intended to attract newbie investors and future customers. The Japan Securities Dealers Association plans to utilize Saturday classes at ...

Aug 18, 2014

SMBC to become top stakeholder in biggest Cambodian bank

Sumitomo Mitsui Banking Corp. plans to acquire a stake of 12.25 percent in Acleda Bank, the largest commercial bank in Cambodia, for over ¥10 billion to become its top shareholder, sources said Monday. Pending approval by regulatory authorities in the Southeast Asian country, the ...

Aug 15, 2014

GPIF law change may be shelved, Kihara says

A law to transform how the world’s biggest pension fund is run can wait and may even be shelved, said a ruling party official, contradicting his deputy policy chief who called it the top priority. Prime Minister Shinzo Abe’s team can achieve adjustments at ...

Indonesia's president-elect urges Japan to invest more

Aug 12, 2014

Indonesia's president-elect urges Japan to invest more

Indonesia’s President-elect Joko “Jokowi” Widodo is calling for more investment from Japan, saying it is “very important for Indonesia” to create jobs, solve energy problems and build infrastructure. In an interview in Jakarta, Jokowi, who will take office in October, noted that Japan has ...

GPIF needs governance fix before asset change, LDP exec says

Aug 6, 2014

GPIF needs governance fix before asset change, LDP exec says

As the world’s biggest pension manager moves closer to putting more money in risky assets, the Liberal Democratic Party’s deputy policy chief says the fund needs to change its governance first. The Abe administration should submit a bill during the next Diet session to ...

Obama seeks bigger Africa role for U.S.

Aug 4, 2014

Obama seeks bigger Africa role for U.S.

Ask Maj.-Gen. Wayne W. Grigsby Jr., the top U.S. military officer in Africa, how he thinks U.S. and European-backed African troops are faring in their war on Islamist militants in Somalia, and his answer comes back smartly: “Pretty darn good!” But when “son of ...

Japan Inc. seeks to recover influence in Brazil as China looms

Aug 4, 2014

Japan Inc. seeks to recover influence in Brazil as China looms

In the 1950s, Japan helped Brazil establish industries such as steelmaking and initiated key purchases of Brazilian iron ore. Now the Asian nation is seeking to regain influence in Latin America’s largest economy, where China is the No. 1 trading partner. Japan has signed ...

Jul 25, 2014

Mizuho to loan $500 million to Petrobras

Mizuho Bank plans to extend $500 million in loans to state-owned Brazilian oil firm Petrobras, informed sources said Friday. The move comes as Prime Minister Shinzo Abe leaves Friday for a five-nation Latin American tour that will include Brazil. Mizuho and Petrobras will sign ...