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

Japan eyes June trade deal with Turkey

TOKYO -- Japan aims to sign an economic partnership agreement with Turkey in June, as Tokyo's tariff-reducing deal with the European Union fuels a sense of urgency in Ankara. The two countries look to hold this year's second round of working-level meetings as early as April. Negotiations on the deal, which would be Japan's 18th… Continue reading Japan eyes June trade deal with Turkey

Market Watch - Japan

Amazon Japan corrals outside vendors into rewards program

TOKYO -- Amazon Japan is expanding its rewards program starting May 23 to include all independent vendors, giving customers back 1% or more of every purchase they make in the form of redeemable points. The e-commerce operator already rewards points on orders it fulfills directly. Customers can then apply the points to future purchases on… Continue reading Amazon Japan corrals outside vendors into rewards program