Brian Waterhouse, Senior Analyst , Japan Banks at CLSA, explains why Japanese banks are mapping out long-term expansion plans in Southeast Asia.» Read More
"Until now, we just couldn't take the plunge," said Takashi Nanki, director and general manager at Shima Seiki Mfg Ltd, whose knitting machines make sweaters and knitwear for the likes of Gucci, Prada and Benetton. As a result, corporate Japan sits on a cash pile of some 232 trillion yen, according to Bank of Japan data.
The Weather Channel's Kelly Cass reports Typhoon Neoguri has weakened in intensity as it heads for Japan.
CARACAS, Venezuela— Delta Air Lines drastically reduced service to Venezuela on Monday in a dispute with the government over revenue trapped in the South American country. The International Air Transport Association says Venezuela has prevented the repatriation of $4 billion in airline money because of currency control problems.
BEIJING— Global stock markets were mostly lower Monday as investors looked ahead to U.S. corporate earnings following last week's strong job numbers. In Europe, France's CAC-40 shed 0.3 percent to 4,455.11 and Germany's DAX was off 0.2 percent to 9,990.38. Britain's FTSE 100 dropped 0.2 percent to 6,850.14.
LONDON, July 7- The euro fell on Monday, hitting a 22- month trough against the British pound, after weak German industrial data highlighted the divergent economic prospects between the euro zone and those of its biggest trading partners.
SINGAPORE/ SYDNEY, July 7- The dollar edged higher on Monday and touched its highest level in more than a week versus a basket of major currencies, staying on firm footing in the wake of last week's solid U.S. jobs data. The greenback held steady versus the yen near 102.14 yen, after having risen 0.7 percent last week.
TOKYO, July 7- Japanese government bond prices were little changed on Monday as the market struggled to find immediate cues after U.S. financial markets were closed on Friday for Independence Day.
Masayuki Kichikawa, Chief Japan Economist, Bank of America Merrill Lynch, says the Bank of Japan's comments indicate that it maintains a "cautiously optimistic" view on the country's economy.
Jun Okumura, Visiting Scholar at Meiji Institute for Global Affairs, says Prime Minister Abe's trip to Australia signifies the latter's position as Japan's second-most important security ally.
TOKYO, July 7- Japanese shares were little changed near 5-1/ 2- month highs on Monday but underpinned by expectations of domestic pension funds' buying, which has been a major driving force behind the market's rally in the last two months.
Hiroyasu Sato, Chief Portfolio Manager, Tokio Marine Asset Management, describes reasons why investors should remain bullish on Japanese stocks.
Kerry Brown, Director, China Studies Center at University of Sydney, says Australia is in a "difficult position" to remain neutral between Japan and China.
SEOUL, July 7- The billionaire founder of web portal operator Naver Corp beat back Google Inc to leave South Korea one of few countries where the U.S. search engine does not dominate. To fund expansion and close the gap, bankers familiar with the matter said Naver is considering selling shares of Line Corp in Tokyo, New York or both.
FRANKFURT, July 6- German carmaker Daimler expects its Mercedes-Benz brand to overtake rivals Audi and BMW by number of cars sold in China this year as its new strategy for the world's biggest car market starts to bear fruit, a board member told a newspaper.
OTTAWA, July 5- Current trade talks in Ottawa between Japan, the United States and 10 other Pacific rim countries are key to advancing the planned Trans-Pacific Partnership to its final stage by year-end, Japan's chief negotiator said on Saturday.
WELLINGTON- Reserve Bank of New Zealand Deputy Governor Geoff Bascand delivers a speech on "The evolution of New Zealand's currency." AIX-EN-PROVENCE, France- ECB Executive Board member Benoit Coeure speaks at a conference in Aix-en-Provence on European investments- 0815 GMT.
LONDON, July 4- Banks in the European Union should refrain from offering customer accounts in virtual currencies like bitcoins until regulatory safeguards are in place, the bloc's banking watchdog said on Friday. The EU's executive European Commission responded by saying it was imperative to look quickly at possible regulation.
LONDON, July 4- Banks in the European Union should stop offering customer accounts in virtual currencies like bitcoins until regulatory safeguards are in place, the bloc's banking watchdog said on Friday. Virtual currencies, which unlike conventional money are not backed by a central bank or government, have come under scrutiny after Tokyo- based exchange Mt.
*California is one of the biggest markets in U.S. for Honda. *Move comes after Honda learned of air bag incident in California. "While this case does not match the areas that NHTSA has determined, Honda is adding California into the areas in which it is conducting a regional recall in order to investigate the cause," the Honda spokeswoman said.
Sean King, Vice President at Park Strategies, says Chinese President Xi Jinping's visit to South Korea isn't about North Korea but rather, it is an "anti-Japan and U.S. play."