Market Watch - Japan

This Japanese Megabank Really Needs a Home Run

Mizuho Financial Group Inc. last week reported about 150 billion yen ($1.35 billion) of valuation losses on its foreign-bonds portfolio, while Mitsubishi UFJ Financial Group Inc.’s foray into U.S. high-yield debt underwriting went awry. Less than two months ago, Nomura Holdings Inc. took an impairment charge of almost $750 million for its overseas investment-banking business.… Continue reading This Japanese Megabank Really Needs a Home Run

Market Watch - Japan

“Tencent partners with Line on mobile payments in Japan”

“Line will lease terminals compatible with Tencent's WeChat Pay beginning around mid-December to small and midsize restaurants and stores that have yet to adopt Line's own Line Pay offering. The service with Tencent is scheduled to start next year.” - YOICHIRO HIROI, Nikkei staff writer (Nikkei Asian Review)  

Market Watch - Japan

“Consumption Profile of the Japanese” – Japan domestic food industry

“The food and drink sector is a stable yet massive industry in Japan. Revenue in this segment amounts to US$15 billion in 2018, with an annual growth of around 8%.” “The country’s self-sufficiency rate has declined to 39% across food groups making the industry a viable and profitable business opportunity for those who want to… Continue reading “Consumption Profile of the Japanese” – Japan domestic food industry

Market Watch - Japan

Mitsubishi jet starts test flights in U.S. to gain safety certification

Mitsubishi Aircraft Corp said Monday its Mitsubishi Regional Jet, the country's first home-made commercial passenger jet, has started test flights in the United States involving pilots from Japan's transport ministry to assess the aircraft's safety. The tests, the final regulatory challenge ahead of the company's targeted delivery of the first aircraft in mid-2020, are expected… Continue reading Mitsubishi jet starts test flights in U.S. to gain safety certification