Dai-ichi Leads Japan Insurers Lower on Barclays Target Cuts
Dai-ichi Leads Japan Insurers Lower on Barclays Target Cuts
Shares of Japanese insurance companies declined after a Barclays Plc analyst lowered his target prices for top insurers, saying that he doesn’t see prospects for further appreciation after shares jumped this year.
Bloomberg
Bloomberg
December Is Good Everywhere for Stocks, Especially in Japan
December Is Good Everywhere for Stocks, Especially in Japan
Japan is already Asia’s best-performing stock market this year, and if history is any guide, it’s gearing up for a monthly gain that will outshine global rallies.
Bloomberg
Bloomberg
Hardest Part Remains for Banks Selling $15 Billion of Stocks
Hardest Part Remains for Banks Selling $15 Billion of Stocks
A soaring stock market and pressure from Prime Minister Shinzo Abe have eroded Japanese banks’ resistance to unwinding shareholdings in key corporate clients.
Bloomberg
Bloomberg
Japan’s Economy Grew in Third Quarter, Avoiding Recession
Japan’s gross domestic product expanded in the third quarter rather than contracting as previously thought, meaning the economy didn’t enter a recession earlier this year.
Bloomberg
Bloomberg
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Toshiba Plans Restructuring, Asset Sales After $60 Million Fine
Toshiba Corp. plans to restructure its operations and sell additional assets after Japan’s securities regulator recommended fining the company about 7.37 billion yen ($60 million) for falsifying earnings, the largest financial penalty ever sought by the watchdog.
Bloomberg
Bloomberg
Asian Stocks Rise After U.S. Jobs Report Buoys Economic Outlook
Asian stocks rose after a U.S. employment report boosted optimism in the world’s largest economy, with Japanese shares climbing as a weaker yen sent exporters higher.
Bloomberg
Bloomberg