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A light is seen under a signboard of Cosmo Energy Holdings' Cosmo Oil service station in Tokyo, Japan, December 17, 2015. REUTERS/Yuya Shino/File Photo Acquire Licensing RightsCompanies Cosmo Energy Holdings Co Ltd FollowTOKYO, Nov 10 (Reuters) - Japan's Cosmo Energy Holdings (5021.T) could struggle to win shareholder backing for a revised "poison pill" strategy, its chief executive said on Friday, as the company seeks to defend itself from activist investors pursuing a hostile takeover. Japan's third-biggest oil refiner is calling another shareholder vote on Dec. 14 to seek approval to discourage an activist group led by Yoshiaki Murakami from increasing its stake to 24.56% from its current 20%. In June, a previous vote on a poison pill to dilute the activists' stake if they buy more shares without following set procedures succeeded. "We want to ask shareholders whose plans can boost the shareholder value, ours or Murakami-san?"

Persons: Yuya, Yoshiaki Murakami, Shigeru Yamada, Cosmo, Murakami, Yamada, Makiko Yamazaki, Yuka Obayashi, Barbara Lewis Organizations: Cosmo Energy Holdings, Cosmo Oil, REUTERS, Cosmo Energy Holdings Co, Reuters, Thomson Locations: Tokyo, Japan

☆ South Korea: Itaewon crush haunts survivors one year after Halloween crowd disaster
▼ + stars: | 2023-10-27 | by ( Heather Chen | ) edition.cnn.com time to read: +9 min

CNN —Hye Minyi can still vividly recall what happened in Itaewon, South Korea, on the night of October 29, 2022. Whether the disaster in Itaewon last year will put a dent in this growing popularity is yet to be seen. “We are extremely concerned that there could be a repeat of the Itaewon tragedy,” said Shibuya mayor Ken Hasebe. The Itaewon crowd crush was South Korea’s worst peacetime disaster since the sinking of a ferry in 2014 killed 304 people – among them 250 students and teachers from the Danwon State High School. Lee is certain of one thing, however – that she is “never going back to the area again.”“For me, Halloween and the Itaewon tragedy are (inextricably) linked,” she said.

Persons: CNN — Hye, Amy, Hye, ” Hye, ”, “, Anthony Wallace, expats, Ken Hasebe, Hasebe, ” Hasebe, overtourism, Yuya Shino, Critics, Jung Yeon, Yoon Suk, Kim Kun, Chung Sung, Lee, Kim Ho, Lee Sang Organizations: CNN, Getty, “, Reuters, Danwon State High School, South Korean, Seoul Metropolitan Government, South, City, Facebook, Interior, Safety Locations: Itaewon, South Korea, Seoul, AFP, Asia, Tokyo, Taipei, Hong Kong, Shanghai, Singapore, Japan, Shibuya, “, Tokyo's Shibuya, Guangzhou, China, South, Danwon, Yongsan

☆ Tokyo’s Shibuya City attempts to ban Halloween
▼ + stars: | 2023-10-06 | by ( Lilit Marcus | ) edition.cnn.com time to read: +2 min

CNN —Tokyo’s Shibuya Crossing is the busiest intersection in the world, with five crosswalks interlacing through 10 lanes of car and bus traffic. The leadership of Shibuya City – which is a self-governed district within Tokyo – has issued a formal request to both domestic and foreign tourists to mind their manners and not observe Halloween in the area from October 27-31. Crowds of people celebrating Halloween in Shibuya in 2014. The Shibuya City notice specifically addresses concerns that, if people don’t take action, Tokyo could experience a dangerous crowd crush like the one that took place in Seoul last year. “The streets of Shibuya are not party venues,” the city’s mayor, Ken Hasebe, said in a statement.

Persons: overtourism, Yuya Shino, it’s, Ken Hasebe Organizations: CNN, Tokyo – Locations: Shibuya, Tokyo, Japan, Seoul

☆ Japan real wages fall for 16th straight month in July
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +3 min

People walk at an office building at a business district in Tokyo, Japan, February 29, 2016. REUTERS/Yuya Shino/File Photo Acquire Licensing RightsTOKYO, Sept 8 (Reuters) - Japanese real wages extended their fall to a 16th consecutive month in July, government data showed on Friday, as salaries failed to keep up with rising prices. Inflation-adjusted real wages, a barometer of consumers' purchasing power, slid 2.5% in July from a year earlier following a 1.6% slump in the month before. The consumer price index officials use to calculate real wages, which includes fresh food prices but excludes owners' equivalent rent, remained flat at 3.9%. Workers at major Japanese companies saw an almost 4% increase in wages this year, according to a survey by business lobby Keidanren.

Persons: Yuya, Fumio Kishida, Satoshi Sugiyama, Alex Richardson Organizations: REUTERS, Rights, Global, Bank of Japan, Workers, Thomson Locations: Tokyo, Japan

☆ Japan at 'inflection point' in 25-year battle with deflation - govt
▼ + stars: | 2023-08-29 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

TOKYO (Reuters) - Japan may be at an inflection point in its 25-year battle with deflation as price and wage rises show signs of broadening, the government said on Tuesday, signalling its conviction the economy was nearing an end to prolonged stagnation. “Japan has seen price and wage rises broaden since the spring of 2022. Such changes suggest the economy is reaching a turning point in its 25-year battle with deflation,” the government said in its annual economic white paper. Companies this year offered their highest pay in three decades, heightening the case for a retreat from decades of ultra-loose monetary policy. Since declaring Japan in a state of deflation in 2001, the government has made ending price falls among its top policy priorities.

Organizations: REUTERS, Bank of Japan, Companies Locations: TOKYO, Japan, Tokyo

☆ Japan at 'inflection point' in 25-year battle with deflation, government says
▼ + stars: | 2023-08-29 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

REUTERS/Yuya Shino Acquire Licensing RightsTOKYO, Aug 29 (Reuters) - Japan may be at an inflection point in its 25-year battle with deflation as price and wage rises show signs of broadening, the government said on Tuesday, signalling its conviction the economy was nearing an end to prolonged stagnation. "Japan has seen price and wage rises broaden since the spring of 2022. Such changes suggest the economy is reaching a turning point in its 25-year battle with deflation," the government said in its annual economic white paper. Companies this year offered their highest pay in three decades, heightening the case for a retreat from decades of ultra-loose monetary policy. Since declaring Japan in a state of deflation in 2001, the government has made ending price falls among its top policy priorities.

Persons: Yuya, Leika, Sam Holmes Organizations: REUTERS, Rights, Bank of Japan, Companies, Thomson Locations: Tokyo, Japan

☆ Japan wholesale inflation slows again, bolstering case for stimulus
▼ + stars: | 2023-08-10 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +2 min

REUTERS/Yuya Shino/File PhotoSummary Wholesale inflation slowest since March 2021Govt subsidy on utility bills weighs on wholesale pricesEasing inflation may keep BOJ stimulus intact for nowTOKYO, Aug 10 (Reuters) - Japan's wholesale inflation eased for a seventh month in July as pressure from high global commodity prices eased, a development economists say is likely to encourage the central bank to keep its monetary stimulus in place. It was the slowest wholesale inflation since March 2021 when prices turned positive to mark 1.0% growth, Bank of Japan (BOJ) data showed. After peaking at 10.6% in December, wholesale inflation has decelerated for seven months in a row. On the month, wholesale prices rose 0.1%, up for the first time in three months. As domestic corporate goods prices continue to slow, consumer prices will also slow from autumn," said Takeshi Minami, chief economist at the Norinchukin Research Institute.

Persons: Yuya, Takeshi Minami, Tetsushi Kajimoto, Sam Holmes, Shron Singleton Organizations: REUTERS, Bank of Japan, Norinchukin Research, Thomson Locations: Tokyo, Japan, TOKYO

☆ Japan's July wholesale inflation slows for seventh month
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO-A shopper looks at items at a drug store in Tokyo, Japan, May 28, 2015. REUTERS/Yuya Shino/File PhotoTOKYO, Aug 10 (Reuters) - Japanese wholesale inflation slowed in July year-on-year, easing for a seventh straight month due to softer energy utility costs, central bank data showed on Thursday, a sign the pressures that drove up consumer prices are running their course. After peaking at 10.6% in December, wholesale inflation has slowed for seven months in a row, the data showed. The data underscores the Bank of Japan's view that consumer inflation will slow in coming months as global commodity prices slide from last year's peak levels. Yen-based import prices fell 14.1% in July from a year earlier, falling for a fourth straight month, easing concerns about elevated import bills for companies reliant on raw material imports.

Persons: Yuya, Tetsushi Kajimoto, Sam Holmes Organizations: REUTERS, of, Thomson Locations: Tokyo, Japan

☆ Mitsubishi UFJ to invest $936 mln in U.S. Bancorp
▼ + stars: | 2023-08-03 | by ( Makiko Yamazaki | ) www.reuters.com time to read: +1 min

People queue inside a branch of the Mitsubishi UFJ (MUFJ) Financial Group's bank of Tokyo-Mitsubishi UFJ in Tokyo, Japan, February 1, 2016. In return, MUFG's stake in the fifth largest U.S. bank will rise to 4.4% from 2.9%. MUFG sold its U.S. retail banking unit MUFG Union Bank to U.S. Bancorp for $8 billion last year. As part of the deal, U.S. Bancorp received $3.5 billion in additional cash held by MUFG Union Bank which it is required to repay within five years. The Minneapolis-based bank will also help MUFG with U.S. dollar liquidity support, allowing the Japanese bank to diversify dollar funding sources in case of contingencies.

Persons: Yuya, MUFG's, MUFG, Makiko Yamazaki, Muralikumar Anantharaman, Edwina Gibbs Organizations: Mitsubishi, REUTERS, Bancorp, Union Bank TOKYO, Mitsubishi UFJ Financial, U.S . Bancorp, U.S, MUFG, Bank, MUFG Union Bank, Thomson Locations: Tokyo, Japan, U.S, Minneapolis

☆ Mitsubishi UFJ to invest $937 mln in U.S. Bancorp
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +1 min

People queue inside a branch of the Mitsubishi UFJ (MUFJ) Financial Group's bank of Tokyo-Mitsubishi UFJ in Tokyo, Japan, February 1, 2016. REUTERS/Yuya Shino/File PhotoTOKYO, Aug 3 (Reuters) - Japan's Mitsubishi UFJ Financial Group (MUFG) (8306.T) said on Thursday it would invest $936.7 million in U.S. Bancorp (USB.N) to raise its stake in the U.S. bank to 4.4%. The payment is in connection with MUFG's $8 billion sale of its U.S. retail banking unit MUFG Union Bank to U.S. Bancorp last year. In the deal, U.S. Bancorp received $3.5 billion in additional cash held by MUFG Union Bank which the U.S. bank is required to repay. MUFG also said it has agreed with a bank subsidiary of U.S. Bancorp on U.S. dollar liquidity support to strengthen its sustainable non-Japanese yen funding capacity.

Persons: Yuya, MUFG, Makiko Yamazaki, Tom Hogue Organizations: Mitsubishi, REUTERS, Mitsubishi UFJ Financial, U.S . Bancorp, U.S, Bancorp, MUFG's, MUFG, Bank, MUFG Union Bank, Thomson Locations: Tokyo, Japan, U.S

☆ Asia stocks rally, bonds tense for U.S. rate tests
▼ + stars: | 2023-03-06 | by ( Wayne Cole | ) www.reuters.com time to read: +5 min

Japan's Nikkei (.N225) climbed 1.0% to a three-month top, while South Korean stocks (.KS11) added 0.6% helped by a softer reading on inflation. S&P 500 futures dipped 0.1% and Nasdaq futures 0.2%, after rallying on Friday as bond yields eased back a little. Futures imply a 72% chance the Fed will go by 25 basis points at its meeting on March 22. The BOJ jolted markets in December when it unexpectedly widened the allowed trading band for 10-year bond yields to between -50 and +50 basis points. Friday's pullback in bond yields helped gold recover some ground and it was trading at $1,855 an ounce .

☆ Japan's wholesale inflation stays elevated, keeps BOJ under pressure
▼ + stars: | 2023-02-10 | by ( Leika Kihara | ) www.reuters.com time to read: +2 min

Japan's core consumer prices rose 0.3 percent in April from a year earlier, government data showed on May 29, keeping inflation distant from the central bank's 2 percent target. The increase in the corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, largely met a median market forecast for a 9.6% gain. The index, at 119.8, matched a record high hit in December, Bank of Japan (BOJ) data showed. "Firms have yet to fully pass on past rises in input costs, which is keeping inflationary pressure high," said Takeshi Minami, chief economist at Norinchukin Research Institute. "We expect the pace of inflation to gradually slow in the latter half of fiscal 2023," he told parliament.

[1/2] A shopper looks at packs of vegetables at a market at a shopping district in Tokyo, Japan, December 6, 2015. To match JAPAN-ECONOMY/TANKAN REUTERS/Yuya ShinoJan 20 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. Japanese consumer price inflation is expected to have hit a new 41-year high of 4.0% in December, up from 3.70%. chartThis will mark the ninth straight month of inflation above the BOJ's 2% target. Risk appetite in Japan is holding up well, with the Nikkei 225 on course for its best week since November.

☆ Noma to reinvent Michelin-starred restaurant as new food 'lab'
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +1 min

[1/2] Rene Redzepi, the head chef of Noma in Copenhagen, talks during an interview with Reuters at Noma at Mandarin Oriental Tokyo February 10, 2015. REUTERS/Yuya ShinoCOPENHAGEN, Jan 9 (Reuters) - Noma will close as a full-time restaurant in 2025, with the $505 per head foodie favourite focusing on pop-ups and innovation instead in order to secure a long-term future. "In 2025, our restaurant is transforming into a giant lab - a pioneering test kitchen dedicated to the work of food innovation and the development of new flavors," Noma said in a posting announcing the move on its website. "Our goal is to create a lasting organization dedicated to groundbreaking work in food," said Noma, whose name is a play on the Danish words "nordisk mad", meaning "Nordic food". ($1 = 6.9350 Danish crowns)Reporting by Nikolaj Skydsgaard; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

☆ McDonald's hikes prices in Japan on higher input costs, weaker yen
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterCustomers are seen through the windows of a McDonald's store (top) in Tokyo, while others stand in line in front of cash registers, July 22, 2014. REUTERS/Yuya ShinoTOKYO, Sept 26 (Reuters) - Japan's McDonald's fast food restaurants will raise prices on about 60% of offerings to customers, fuelled by rising input costs and exchange-rate fluctuations, the company said on Monday. From Friday, the cost of the signature Big Mac hamburger will increase to 410 yen ($2.85) from 390 yen, McDonald's Holding Company Japan Ltc (2702.T) said in a statement, reflecting increases of 10 to 30 yen on many items. A Big Mac costs $5.15 in the United States, according to the Economist magazine's index of prices worldwide. ($1=143.8000 yen)Register now for FREE unlimited access to Reuters.com RegisterReporting by Rocky Swift; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

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