Japan eyes ADB chief to head central bank — reports
Asian Development Bank president Haruhiko Kuroda is seen as the leading candidate to become Japan’s next central bank governor, local media reported on Saturday.
Asian Development Bank president Haruhiko Kuroda is seen as the leading candidate to become Japan’s next central bank governor, local media reported on Saturday.
Asian markets were mostly lower on Tuesday as Tokyo slipped following an uptick in the yen while Chinese shares fell on fears Beijing may act to rein in soaring property prices.
The feasibility study for a P70-billion monorail project at the Bonifacio Global City may be up for Japanese funding, depending on the outcome of a presentation to the National Economic and Development Authority (Neda) and the Japan International Cooperation Agency (Jica) next month. Arnel Casanova, president of the Bases Conversion Development Authority (BCDA), said [...]
Japanese stocks opened 0.65 percent lower Friday as investors showed caution about the direction of the yen ahead of a Group of 20 meeting in Russia.
Japan’s economy remained mired in recession late last year, shrinking 0.4 percent in annualized terms for the third straight quarter of contraction on feeble demand both at home and overseas.
Japan’s weak yen is turning the tables on its Asian exporting rival South Korea. For several years, South Korean manufacturers such as Hyundai and Samsung Electronics increased their market share at the expense of Japanese rivals partly because South Korea’s currency, the won, was weak while the yen was rising against the dollar and other currencies.
The Alcantara-led Alsons Consolidated Resources Inc. is considering Japan’s Toyota Tsusho Corp., the trading company of the Toyota Group, as a possible equity partner for its planned $311-million coal-fired power plant in Zamboanga City.
Uniqlo is expanding its store network in the Philippines to meet strong demand for its products, according to Katsumi Kubota, COO of Fast Retailing Philippines Inc.
The strength of the euro, the state of the global monetary system and controversy over a so-called “currency war” will dominate the economic stage at eurozone and G20 ministerial meetings this week.
Gaming giant Wynn Resorts called on shareholders Monday to eject Japanese tycoon Kazuo Okada from the Wynn board of directors in a special vote scheduled on Feb. 22.
A surging won and waning yen are eroding the bottom lines of South Korea’s export powerhouses, which are feeling the pinch after years of gobbling up global market share from their Japanese rivals.
Lucio Tan’s Asia Brewery Inc. expects a healthy growth in revenue as it looks to tap new markets throughout Asia-Pacific for its popular brands.
