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☆ Correction in Japanese bank stocks is 'overdone': Goldman Sachs
▼ + stars: | 2024-08-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCorrection in Japanese bank stocks is 'overdone': Goldman SachsMakoto Kuroda of Goldman Sachs says Japanese banks are trading at levels where the risk of a U.S. recession is "already priced in".

Persons: Goldman Sachs Makoto Kuroda, Goldman Sachs Locations: U.S

☆ Nissan CEO: Demand for EVs is growing, but not consistent
▼ + stars: | 2024-03-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNissan CEO: Demand for EVs is growing, but not consistentNissan CEO Makoto Uchida joins CNBC for an exclusive interview to discuss the automaker's new Arc business plan, which will see the automaker release 30 new models and target 1 million additional unit sales in the next three years.

Persons: Makoto Uchida Organizations: Nissan, CNBC

☆ Nissan targets 1 million extra vehicle sales in next 3 years, aims to cut EV costs
▼ + stars: | 2024-03-25 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

A Nissan Ariya electric car is on display during 2020 Beijing International Automotive Exhibition (Auto China 2020) at China International Exhibition Center on September 27, 2020 in Beijing, China. Nissan is targeting an additional 1 million vehicle sales over the next three years and a 30% reduction in electric vehicle production costs by 2030, the Japanese carmaker announced Monday. In a new medium-term business plan, Nissan also said it would launch 30 new models by fiscal year 2026, with 16 of these electrified. "Faced with extreme market volatility, Nissan is taking decisive actions guided by the new plan to ensure sustainable growth and profitability." The country boasts the world's largest and most crowded EV market and its automakers are exerting significant downward pressure on prices.

Persons: Makoto Uchida, Elon Musk Organizations: Nissan, Automotive, China International Exhibition Center, Ford Motor, General Motors, Mercedes, Benz, Volkswagen Locations: China, Beijing

☆ Japan's market is hitting record highs. What to know about the rally and how to play it
▼ + stars: | 2024-03-10 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

U.S. equities aren't the only ones on a bull run — the Japanese stock market is also enjoying an upward climb. "It is the case that the Japanese stock market remains almost exclusively driven by foreign money," Jefferies head of global equity strategy Christopher Wood wrote in a March 7 note. According to Wood, foreign investors now own almost a third of the Japanese stock market, a dramatic rise from the 4% level in 1989, when the asset bubble reached its peak. Morgan Stanley noted that quality stocks have outperformed the broader market so far in 2024. Transitioning out of deflation Rate policy has been another big factor in the recent market rally.

Persons: Jefferies, Christopher Wood, Wood, Goldman Sachs, Morgan Stanley, Makoto Furukawa, Ryota Sakagami, Citi's Sakagami Organizations: Nikkei, Global, Retailing, Holdings, Toyota Motor, Subaru, Mitsubishi, Citi, Japan, U.S, Bank of Locations: Japan, U.S, Tokyo, Bank of Japan

☆ Goldman Sachs says it's bullish on Japan's online banks
▼ + stars: | 2024-02-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs says it's bullish on Japan's online banksMakoto Kuroda of Goldman Sachs names Rakuten and SSNB as banks it's positive on.

Persons: Goldman Sachs, it's bullish, Makoto Kuroda

☆ Nissan is ramping up its UK EV business with a $2.5 billion investment
▼ + stars: | 2023-11-25 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

Nissan announced that it would invest billions in its UK EV business. The Japanese company said it would build three EV models in its UK factory as part of the deal. AdvertisementThe Japanese car manufacturer Nissan announced on Friday that it would invest £2 billion, which is around $2.5 billion, in its electric vehicle (EV) business in the UK. It takes Nissan's total proposed investment in the region to £3 billion, or around $3.8 billion, after the company already pledged $1 billion. Nissan did not immediately respond to Business Insider's request for comment, which was made outside of normal working hours.

Persons: —, Makoto Uchida, Rishi Sunak, IAN FORSYTH, Getty Organizations: Nissan, EV, Service, Sunderland, Britain's, European Union, Land Rover, Tata, BMW, British Locations: England, Europe, Sunderland

☆ Nissan invests $1.4 bln to build two new EV models in Britain
▼ + stars: | 2023-11-24 | by ( Nick Carey | ) www.reuters.com time to read: +3 min

Nissan has made its electric Leaf model in Sunderland for years and will continue to do so, with batteries supplied by a small plant at the site. It announced a $1.4 billion investment in 2021 to build a second, 9 gigawatt-hour (GWh) battery plant in Sunderland with Chinese partner Envision AESC. Nissan did not comment on the value of any subsidies or guarantees being provided by Britain. [1/4]Britain's Prime Minister Rishi Sunak and Chancellor of the Exchequer Jeremy Hunt attach a Nissan badge to a car as they visit the car manufacturer, Nissan, in Sunderland, Britain, November 24, 2023. But Sunak, who became prime minister a year ago, is having some success turning that around.

Persons: Rishi, Sunak, Nissan's, Alan Johnson, Rishi Sunak, Jeremy Hunt, Chancellor, Makoto Uchida, Brexit, Nick Carey, Sarah Young, Paul Sandle, Sonali Paul, Mark Potter Organizations: Nissan, Investment Summit, Britain, BBC, Britain's, India's Tata Motors, Rover, Thomson Locations: Sunderland, England, Britain, Europe, EVs

☆ Nissan leads $2.5 billion investment to build two more EVs in UK
▼ + stars: | 2023-11-24 | by ( ) edition.cnn.com time to read: +3 min

London — Nissan will pump 1.12 billion pounds ($1.4 billion) into its British plant to build electric versions of two models, offering a boost to the country’s auto industry and a UK prime minister desperate to attract foreign investment. In 2021, the company announced a $1.4 billion investment to build a second, 9 gigawatt-hour (GWh) battery plant in Sunderland with Chinese partner Envision AESC. Its 2021 battery investment was a show of confidence when other foreign investors were avoiding the UK after Brexit led to years of uncertainty around the country’s trading relationships. The Nissan deal comes just months after India’s Tata Motors said it would invest £4 billion ($5 billion) in a UK electric vehicle battery plant to supply its Jaguar Land Rover factories. The automaker’s latest UK investment comes despite Sunak’s decision in September to delay by five years a ban on sales of new petrol cars.

Persons: Rishi, ” Sunak, ” Nissan’s, Alan Johnson, ”, Makoto Uchida, Brexit, Sunak, India’s Tata Organizations: London, Nissan, Investment, BBC, India’s, India’s Tata Motors, Rover, Industry, Tata Locations: Sunderland, England, Britain, Europe

☆ Nissan to invest $1.4 bln to build two new EV models in Britain
▼ + stars: | 2023-11-24 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

A staff cleans charging ports of Nissan's Leaf battery electric vehicle during the Japan Mobility Show 2023 at Tokyo Big Sight in Tokyo, Japan, November 1, 2023. Japan's third-biggest automaker said it would announce the names of the new EV models and timings for production launches at a later date. Earlier this year, Nissan raised its targets for EV models as it plays catch up in a segment dominated by newcomers like Tesla (TSLA.O) - saying it would launch 19 new EV models by 2030. The Nissan EV production announcement comes just months after India's Tata Motors (TAMO.NS) said it would invest 4 billion pounds in a UK EV battery plant to supply its Jaguar Land Rover factories. Industry experts had described the Tata battery plant as good progress, but argue Britain needs much more EV battery production capacity to maintain a viable, growing auto industry.

Persons: Kim Kyung, Makoto Uchida, Rishi Sunak, Nick Carey, Sonali Paul Organizations: Japan, REUTERS, Nissan, British, Nissan EV, India's Tata Motors, EV, Rover, Industry, Tata, Thomson Locations: Tokyo, Japan, Sunderland, Europe, Britain

LONDON (AP) — Nissan will invest more than 1 billion pounds ($1.3 billion) to update its factory in northeast England to make electric versions of its two best-selling cars, a boost for the British government as it tries to revive the country's ailing economy. The company said it's directly investing up to 1.12 billion pounds to produce electric successors to the two models. “Nissan’s investment is a massive vote of confidence in the U.K.’s automotive industry,” which contributes 71 billion pounds a year to the economy, Prime Minister Rishi Sunak said. India’s Tata Sons, which owns Jaguar Land Rover, is building a 4 billion-pound EV battery factory in the U.K. that's expected to produce about 40 gigawatt hours of battery cells every year, enough to provide half the U.K.’s electric vehicle batteries. Stellantis, parent company of British automaker Vauxhall, is investing 100 million pounds to make electric vans and cars in northwestern England.

Persons: —, it's, Rishi Sunak, Makoto Uchida, Sunak, India’s Tata Organizations: — Nissan, Nissan, BMW, India’s Tata Sons, Rover, EV, British, Vauxhall Locations: England, Sunderland, China, Europe, Oxford

☆ Nissan will invest over £1 billion in the U.K. to build electric versions of top-selling models, CEO says
▼ + stars: | 2023-11-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNissan will invest over £1 billion in the U.K. to build electric versions of top-selling models, CEO saysMakoto Uchida, president and CEO of Nissan, tells CNBC of the auto giant's growing electric investment in the U.K.

Persons: Makoto Uchida Organizations: Nissan, CNBC

☆ Nissan to invest $575 mln in Brazil plant by 2025
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: 1 min

A Nissan logo is seen next to a vehicle during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/David 'Dee' Delgado/File Photo Acquire Licensing RightsRIO DE JANEIRO, Nov 7 (Reuters) - Japanese carmaker Nissan (7201.T) will invest 2.8 billion reais ($575.22 million) between 2023 and 2025 in its Resende plant in Brazil to produce two new SUV models, global CEO Makoto Uchida said on Tuesday. According to Uchida, the new generation of the Nissan Kicks will be one of the vehicles manufactured in Resende, which he said will become a hub for exports to other Latin American countries. The announcement comes a day after Uchida met with President Luiz Inacio Lula da Silva in Brasilia. ($1 = 4.8677 reais)Reporting by Rodrigo Viga Gaier; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

Persons: David, Dee, Delgado, Makoto Uchida, Uchida, Luiz Inacio Lula da Silva, Rodrigo Viga Gaier, Steven Grattan Organizations: New York, REUTERS, DE, Nissan, Thomson Locations: Manhattan , New York City, U.S, DE JANEIRO, Brazil, Resende, Brasilia

☆ Goldman says Bank of Japan's policy tweak is good news for banks — and names top picks in the sector
▼ + stars: | 2023-11-07 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

She noted that a flexible YCC "may be conducive to a more controlled yield rise since there's no more line in the sand to go against." Elsewhere, Kuroda wrote in notes to CNBC that Japanese banks "remain in focus as a beneficiary" of BOJ's interest rate normalization. A more flexible interest rate on BOJ operations may allow for a controlled rise in long-term yields, Kuroda said in notes to CNBC. "This might make it easier for banks to buy or reinvest JGB portfolio at higher yields." Japanese bank stock picks Goldman Sachs continues to name conviction list stock Mitsubishi UFJ Financial Group (MUFG) and Mizuho as its top picks from the Japanese banking sector.

Persons: Goldman Sachs, BOJ, Makoto Kuroda, CNBC's, Kuroda, Yuka Azami, MUFG, Goldman, CNBC's Naman Tandon, Lim Hui Jie Organizations: CNBC, Mitsubishi UFJ Financial, Mizuho, Tokyo Stock

☆ Japanese junior coalition party calls for debate on income tax cuts
▼ + stars: | 2023-11-07 | by ( Takaya Yamaguchi | ) www.reuters.com time to read: +1 min

TOKYO, Nov 7 (Reuters) - The head of the tax panel for the Japanese political party Komeito, a junior coalition partner with the ruling Liberal Democratic Party (LDP), said on Tuesday a thorough debate is needed on a controversial plan to cut income tax next year. Makoto Nishida, Komeito's tax panel head, said that policymakers should not have a preset mind to limit the tax break to just a year, signalling a possibility to extend it beyond 2024. Prime Minister Fumio Kishiida of the LDP plans to adopt income tax cuts for the next fiscal year as part of a broader economic package to boost household incomes and consumption. Opposition lawmakers have criticized the income tax cuts as politically motivated and ineffective as it takes time to implement and it could end up adding to the Japan's debt burden, the industrial world's largest. Additional reporting by Tetsushi Kajimoto; Editing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.

Persons: Makoto Nishida, Nishida, Fumio Kishiida, Tetsushi Kajimoto, Christian Schmollinger Organizations: Liberal Democratic Party, Thomson Locations: TOKYO

☆ Are Japanese banks a buy after the BOJ's recent decision?
▼ + stars: | 2023-11-07 | by ( Amala Balakrishner | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAre Japanese banks a buy after the BOJ's recent decision? Makoto Kuroda of Goldman Sachs discusses Bank of Japan's recent decision to increase flexibility on its yield curve control.

Persons: Makoto Kuroda, Goldman Sachs Organizations: Bank

☆ Nissan CEO weighs in on how the EV market has changed since Covid
▼ + stars: | 2023-11-02 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +3 min

That presents a series of challenges to established automakers like Nissan, which have followed global strategies for decades. The market has been fragmented, and customers' acceptance speed is also different," Uchida said. "So what's important is how much we can start to localize in each respective market," Uchida said. But many of those new Nissan EVs will no longer be global models. For instance, EV customers in China are very sensitive to pricing – but they also want the latest technology, which they've come to expect from the fierce competition between the many domestic Chinese EV makers.

Persons: Makoto Uchida, –, CNBC's Martin Soong, Uchida, they've, Li Auto, Kraft Heinz, FanDuel Organizations: Nissan Motor Co, Nissan Hyper Force, Japan, Nissan, Toyota, Volkswagen, Target, FedEx, Kraft, CNBC PRO Locations: Tokyo, Japan, U.S, Europe, China

☆ They gave up city life to buy an abandoned $10,000 house in Japan and renovate it. They say they'll never take on a project like that again.
▼ + stars: | 2023-10-30 | by ( Amanda Goh | ) www.businessinsider.com time to read: +11 min

Gilles Beaufils and his wife gave up city life in Tokyo to renovate an abandoned house in rural Japan. AdvertisementAdvertisementAfter three decades of working in Tokyo, Gilles Beaufils decided he needed a change of scenery. Gilles Beaufils/Base Camp ImariThe akiya is just over 1,800 square feet and is located right in the middle of the village. Gilles Beaufils/Base Camp ImariOnce the pandemic restrictions started to ease, travelers started coming back to Japan in troves, he said. Gilles Beaufils/Base Camp Imari"They don't show you the moist, they don't show you the termites, they don't show you these kinds of things in the photos," he added.

Persons: Gilles Beaufils, they'll, —, Frenchman, Beaufils, I've, — Beaufils, Makoto Watanabe, Imari, it's, Amanda Goh Organizations: Service Locations: Tokyo, Japan, Kyushu, Okawachiyama, Saga Prefecture, Fukuoka, Kumamoto, Nagasaki, Saga, troves, Itoshima, agoh@insider.com

☆ Competition in the global EV market is faster than expected, says Nissan CEO
▼ + stars: | 2023-10-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCompetition in the global EV market is faster than expected, says Nissan CEOMakoto Uchida, CEO of Nissan, explains how the company is dealing with the "massive" competition.

Persons: Makoto Uchida Organizations: Nissan

☆ Goldman Sachs says Japan is a 'bright spot' right now and reveals some top stocks
▼ + stars: | 2023-10-10 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

Goldman Sachs is bullish on Japan right now and says banks in particular are seeing a "high level of interest" following rallies of around 30%. There have also been "fundamental earning power improvements at the banks that have gone under-appreciated by the market," she added. The Bank of Japan maintained its ultra-loose monetary policy and left rates unchanged in September. Japanese bank stock picks Goldman Sachs' picks from the Japanese banking sector include conviction list and "value in action" stock Mitsubishi UFJ Financial Group (MUFG) , as well as Mizuho . 8411.T-JP YTD mountain Year-to-date share movement in Mizuho bank The bank has buy calls on both stocks and increased their price targets in a Sept. 18 note.

Persons: Goldman Sachs, Makoto Karuda, CNBC's, Kaurda, Karuda, Goldman, CNBC's Naman Tandon Organizations: Bank of, Tokyo Stock, The Bank of Japan, Tokyo, Mitsubishi UFJ Financial, Mizuho, New York Stock Exchange Locations: Japan, Mizuho

☆ Goldman Sachs says it expects Japan to remove yield curve control in April 2024
▼ + stars: | 2023-10-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs says it expects Japan to remove yield curve control in April 2024Makoto Kuroda of the investment bank says Japan's banking sector stands to benefit from its central bank's interest rate normalization and corporate governance reform.

Persons: Goldman Sachs, Makoto Kuroda Locations: Japan

☆ BOJ may hold off on ending negative rates until April - ex-board member
▼ + stars: | 2023-09-26 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

With inflation exceeding 2% for more than a year, markets are rife with speculation the BOJ will raise short-term interest rates from the current -0.1% as early as the end of this year. Ending negative interest rates likely won't hurt the economy much as inflation-adjusted real borrowing costs will remain low, said Sakurai, a former BOJ board member who retains close ties with incumbent policymakers. "Ending negative rates will be largely a symbolic move, but the BOJ probably wants to time it very carefully," Sakurai said. Even if the central bank were to end negative rates, it will likely describe the move as a modest adjustment to the degree of monetary stimulus, he said. In July, it raised a hard cap for the 10-year yield to 1.0% from 0.5% to allow long-term interest rates to rise more freely reflecting higher inflation.

Persons: Issei Kato, BOJ Sakurai, Sakurai, Sakurai TOKYO, Makoto Sakurai, Leika, Shri Navaratnam Organizations: Bank of Japan, REUTERS, Reuters, Thomson Locations: Tokyo, Japan

☆ Nissan says all new models coming to Europe will be fully electric
▼ + stars: | 2023-09-25 | by ( Nick Carey | ) www.reuters.com time to read: +1 min

REUTERS/Issei Kato/File Photo Acquire Licensing RightsLONDON, Sept 25 (Reuters) - Nissan Motor Co (7201.T) said on Monday that as of now all new models it launches in Europe will be fully electric and it plans to sell only electric vehicles on the continent by 2030. The Japanese carmaker said that one of two new EV models it has already confirmed for Europe will be manufactured at its Sunderland plant in northern England. Earlier this year, Nissan raised its targets for EV models as it plays catch up in a segment dominated by newcomers like Tesla (TSLA.O) - saying it would launch 19 new EV models by 2030. The new goal of going fully electric in Europe by 2030 brings Nissan in line with alliance partner Renault (RENA.PA), which plans to make the Renault brand all electric by then. Ford and Stellantis also plan to be fully electric in Europe by 2030.

Persons: Issei Kato, Makoto Uchida, Ford, Stellantis, Nick Carey, Kirsten Donovan Organizations: Nissan Motor Corp, Nissan, REUTERS, Sunderland, Renault, Volvo, Thomson Locations: Yokohama, Tokyo, Japan, Europe, England

☆ Nissan CEO outlines EV strategy in Europe to help compete with the likes of Tesla, Volkswagen
▼ + stars: | 2023-09-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNissan CEO outlines EV strategy in Europe to help compete with the likes of Tesla, VolkswagenMakoto Uchida, Nissan president and CEO, discusses the carmaker’s announcement that all new models it launches in Europe will be fully electric.

Persons: Makoto Uchida Organizations: Nissan Locations: Europe

☆ Nissan says all new models launched in Europe will be fully electric
▼ + stars: | 2023-09-25 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Japanese carmarker Nissan announced Monday that all new models it launches in Europe will be fully electric, as it reaffirmed its aim for solely electric vehicle sales on the continent by 2030. "There is no turning back now," Makoto Uchida, Nissan president and CEO, said in a statement. Globally, Nissan plans to launch 27 electric and hybrid vehicles, which includes 19 all-electric models, by 2030. Nissan partner Renault , as well as rivals Ford and Stellantis, have all announced plans to make their European passenger ranges fully electric by 2030. In China, he said the company would look to launch cars more quickly and launch new models targeting specific consumers.

Persons: Makoto Uchida, Lisa Brankin, Uchida, CNBC's Arjun Khapal Organizations: Nissan, EV, Renault, Ford, Sunderland, Nissan Design Locations: Europe, Sunderland, London, China

☆ Yamashita among first women referees for men's Asian Cup
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +1 min

Soccer Football - FIFA Women’s World Cup Australia and New Zealand 2023 - Round of 16 - Netherlands v South Africa - Sydney Football Stadium, Sydney, Australia - August 6, 2023 Referee Yoshimi Yamashita during the match REUTERS/Carl Recine/File Photo Acquire Licensing RightsSept 14 (Reuters) - Japan's Yoshimi Yamashita is among five officials who will be the first women to referee matches at the men's Asian Cup next year, the Asian Football Confederation (AFC) announced on Thursday. Yamashita also officiated at last year's men's World Cup in Qatar. Australian Katherine Jacewicz will also be among the referees for the tournament, while assistants include Japanese duo Makoto Bozono and Naomi Teshirogi and Kim Kyoung-min of South Korea. "For the first time ever, women match officials are poised to make their debut at Asia's most prestigious men's national team competition...," the AFC said in a statement. Reporting by Aadi Nair in Bengaluru Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

Persons: Yoshimi Yamashita, Carl Recine, Yamashita, Katherine Jacewicz, Makoto Bozono, Naomi Teshirogi, Kim Kyoung, Aadi Nair, Toby Davis Organizations: Soccer Football, FIFA, Sydney Football Stadium, REUTERS, Asian Football Confederation, AFC, Asia's, men's, Thomson Locations: New Zealand, Netherlands, South Africa, Sydney, Australia, Qatar, South Korea, China, Bengaluru

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