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REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsTOKYO, Oct 19 (Reuters) - Japan's top banks are set to commit to 1.9 trillion yen ($12.7 billion) financing to support the merger of Kioxia Holdings and Western Digital's flash memory business, four people familiar with the matter told Reuters. Several tech deals have been scuppered in recent years due to delays in regulatory approvals or rejections by China. 2 player in NAND flash memory chips - and Western Digital's fourth-ranked flash business, would control a third of the global NAND flash market, on par with top player Samsung Electronics (005930.KS). Kioxia and Western Digital have held merger talks since 2021 but the negotiations have often stalled over a series of issues including valuation discrepancies. In Japan, the two companies jointly produce NAND flash memory chips, which are widely used in smartphones, personal computers and other devices to store digital data.

Persons: Kim Kyung, Bain, Nobuo Hayasaka, Makiko Yamazaki, Miho Uranaka, Maki Shiraki, Miyoung Kim, Tomasz Janowwski Organizations: REUTERS, Rights, Kioxia Holdings, Reuters, Intel Corp, China ., Sumitomo Mitsui Financial Group, Mizuho Financial Group, Mitsubishi UFJ Financial, Development Bank of Japan, SK Hynix, Toshiba Corp, Samsung Electronics, Nasdaq, Western, Mitsubishi, Mizuho, Sumitomo Mitsui, Western Digital, Thomson Locations: Tokyo, Japan, China, Kioxia

☆ Las Vegas Sands beats Wall Street estimates on ongoing tourism recovery in Macau
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

The logo of Las Vegas Sands Corp is pictured at the Japan IR EXPO in Yokohama, Japan January 29, 2020. REUTERS/Kim Kyung-Hoon Acquire Licensing RightsOct 18 (Reuters) - Las Vegas Sands Corp (LVS.N) reported better-than-expected profit and revenue for the third quarter on Wednesday, as ongoing ramp up of outbound tourism to Macau and Singapore spurred gaming volumes and retail sales. Shares of the casino operator, which has operations in Macau and Singapore, rose 5.13% in trading after the bell. Both Macau and Singapore have seen tourism soar after pandemic restrictions eased, with visitation to Macau surpassing three million in August for the first time since the pandemic. With tourism close to pre-pandemic levels, Las Vegas Sands has benefited from a business mix comprising a greater share of the mass segment as opposed to VIP in its properties – Marina Bay Sands in Singapore and The Londoner and The Venetian in Macau.

Persons: Kim Kyung, Robert Goldstein, Ananta Agarwal, Shailesh Organizations: Vegas Sands Corp, REUTERS, Thomson Locations: Japan, Yokohama, Macau, Singapore, Vegas, Bay Sands, Macao, Bengaluru

☆ Asia stocks rise on earnings hopes; keep wary eye on Mideast tensions
▼ + stars: | 2023-10-17 | by ( Selena Li | ) www.reuters.com time to read: +3 min

A man looks at an electric board displaying the Nikkei stock average outside a brokerage in Tokyo, Japan June 14, 2023. Overnight the S&P 500 (.SPX) had climbed 1%, while oil prices and the U.S. dollar had fallen. Benchmark 10-year Treasury yields are about 15 basis points off 16-year highs, though they crept higher in Asia trade Tuesday to 4.7331%. The euro traded at $1.0549 and the yen hovered just short of the 150-per-dollar mark at 149.53. If investors don't receive the coupon payment, all of Country Garden's offshore debts will be deemed in default.

Persons: Kim Kyung, Kerry Craig, Goldman Sachs, Morgan Stanley, Johnson, Craig, Joe Biden, Israel, Israel's shekel, Bitcoin, Selena Li, Shri Navaratnam Organizations: Nikkei, REUTERS, Tokyo's Nikkei, U.S ., Morgan Asset Management, Bank of America, Johnson, Netflix, Federal Reserve, Israel, Hamas, Iran's, HK, Brent, BlackRock, Thomson Locations: Tokyo, Japan, HONG KONG, U.S, Asia, Pacific, Gaza, Iran, Zealand, Brent

REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsTOKYO, Oct 17 (Reuters) - Mitsubishi Corp (8058.T) is considering bidding for Fujitsu's (6702.T) chip packaging unit Shinko Electric Industries (6967.T), two sources said, as Japan's top trading house weighs an entry into semiconductor manufacturing. Fujitsu has put its 50% stake in Shinko Electric, worth around $2.6 billion at current market prices, on sale, other sources said. A Mitsubishi spokesperson said the trading house had set up a division in June dealing with chips and materials that was looking into various opportunities. A Shinko spokesperson declined to comment. Still, semiconductor packaging remains an area of strength for Japan with Shinko, Ibiden (4062.T) and Toppan Holdings (7911.T) all major players in the global chip supply chain.

Persons: Kim Kyung, Warren Buffett's Berkshire Hathaway, Makiko Yamazaki, Maki Shiraki, Miho Uranaka, David Dolan, Muralikumar Organizations: Mitsubishi Corp, REUTERS, Rights, Electric Industries, Mitsubishi, Fujitsu, Bain Capital, KKR, Apollo Global Management, Japan Investment Corp, Intel, Devices, Toppan Holdings, Taiwan Semiconductor Manufacturing, Samsung Electronics, Reuters, Thomson Locations: Tokyo, Japan, Kyushu, Chitose . Japan

☆ Yellen: met with S.Korean finance minister, looking forward to trilateral with Japan
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +1 min

U.S. Secretary of Treasury Janet Yellen attends a Multilateral Development Bank (MDB) roundtable at the annual meeting of the International Monetary Fund and the World Bank, following last month's deadly earthquake, in Marrakech, Morocco, October 13, 2023. REUTERS/Susana Vera Acquire Licensing RightsMARRAKECH, Morocco, Oct 13 (Reuters) - U.S. Treasury Secretary Janet Yellen on Friday said she met with South Korean Finance Minister Choo Kyung-ho, and looked forward to a trilateral meeting with Japan's finance minister. Yellen, in a posting on X, formerly known as Twitter, said she met with Choo on the sidelines of the annual meetings of the International Monetary Fund and World Bank in Marrakech, Morocco and they discussed recent macroeconomic developments and security issues. It was not immediately clear when the U.S., Japanese and South Korean finance ministers would meet for a trilateral engagement. Reporting by Andrea Shalal, Editing by Franklin PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Janet Yellen, Susana Vera, South Korean Finance Minister Choo Kyung, Yellen, Choo, Andrea Shalal, Franklin Paul Organizations: Development Bank, International Monetary Fund, World Bank, REUTERS, Rights, . Treasury, South Korean Finance Minister, Twitter, Franklin Paul Our, Thomson Locations: Marrakech, Morocco, Rights MARRAKECH, U.S, Korean

☆ Yellen: met with South Korean finance minister, looking forward to trilateral with Japan
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +1 min

☆ WTA roundup: Zheng Qinwen advances at Zhengzhou Open
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

She will face Ukraine's Anhelina Kalinina, who posted a 7-5, 6-1 victory over Russian qualifier Vera Zvonareva. Hana Bank Korea OpenBelgium's Yanina Wickmayer seized a 6-3, 7-6 (6) victory over third-seeded Ekaterina Alexandrova of Russia to move on to the quarterfinals in Seoul. Wickmayer will meet Russian Polina Kudermetova, who breezed to a 6-3, 6-1 win over Kathinka von Deichmann of Liechenstein. Fifth-seeded Anna Blinkova of Russia coasted to a 6-1, 6-3 win over Australian Priscilla Hon to advance to the third round. Third-seeded Elise Mertens of Belgium had little difficulty in her 6-1, 6-4 victory over Australian qualifier Daria Saville.

Persons: China's, Zheng, China's Zhu Lin REUTERS, Kim Kyung, Zheng Qinwen, Maria Sakkari, Sakkari, Kalinina, Vera Zvonareva, Italy's Jasmine Paolini, Caroline Garcia of, Ukraine's, Tsurenko, Donna Vekic, Wickmayer, Ekaterina Alexandrova, Kudermetova, Kathinka von Deichmann, Claire Liu, Arantxa Rus, China's Yuan Yue, Slovenia's Kaja Juvan, Beatriz Haddad Maia, Anna Blinkova, Russia coasted, Priscilla Hon, Elise Mertens, Daria Saville Organizations: Tennis Centre, Russian, Caroline Garcia of France, Hana Bank, Hong, Belarus, Thomson Locations: Hangzhou, China, Greece, Zhengzhou, Croatia, Hana Bank Korea, Russia, Seoul, Wickmayer, Arantxa, Netherland, Hong Kong, Brazil, Belgium

☆ Japan likely won't intervene to reverse yen downtrend, ex-top currency diplomat says
▼ + stars: | 2023-10-08 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

There is no set rule or shared agreement among G7 advanced nations on what kind of currency moves are defined as "excess volatility" that justify intervention, Shinohara said. "But usually, when you talk about excess volatility you have in mind a timeframe of several days or weeks," rather than several months, he said in an interview on Friday. The remarks contrast with those of incumbent top currency diplomat Masato Kanda, who said on Wednesday that steady yen falls over a protracted period could also warrant intervention. G7 and G20 major economies have a shared understanding that currency moves ought to reflect economic fundamentals, and that excess volatility was undesirable. In Japan, the finance ministry has jurisdiction over currency policy and decides whether and when to intervene.

Persons: Kim Kyung, Naoyuki Shinohara, Shinohara, Masato Kanda, Leika Kihara, Kim Coghill Organizations: National Printing Bureau, Bank of Japan, REUTERS, Reuters, International Monetary Fund, Thomson Locations: Tokyo, Japan, TOKYO, Asia

WADA said North Korea was still non-compliant with its anti-doping code and the OCA had failed to enforce its sanction. "North Korea, the DPRK Korea, has also written a letter to them very lately telling them that the borders have opened and they can send the doping control officers for the testing which the WADA has agreed and they will be shortly sending it to the DPRK, to North Korea," Tiwari added. North Korea won 11 golds in Hangzhou, including in artistic gymnastics, shooting, wrestling, boxing and six in weightlifting. It was the first international multi-sport event North Korea attended since the 2018 edition in Jakarta. North Korea closed its borders for nearly four years because of COVID-19.

Persons: Kim Kyung, WADA, Vinod Kumar Tiwari, It's, Tiwari, Martin Quin Pollard, Robert Birsel Organizations: North, Rights, Olympic Council of Asia, Hangzhou Asian, Doping Agency, Olympic, Paralympic Games, OCA, DPRK, North Korea, International Olympic Committee, Beijing, Games, Thomson Locations: Hangzhou, China, North Korea, Rights HANGZHOU, Korea, DPRK Korea, Jakarta . North Korea, Tokyo

☆ S.Korea's accelerating inflation set to keep policy restrictive for longer
▼ + stars: | 2023-10-05 | by ( Jihoon Lee | ) www.reuters.com time to read: +2 min

Office workers pick up lunch boxes at a convenience store in Seoul, South Korea, June 24, 2022. REUTERS/ Heo Ran/File Photo Acquire Licensing RightsSEOUL, Oct 5 (Reuters) - South Korea's consumer inflation accelerated for a second month in September, above market expectations, official data showed on Thursday, supporting prospects of the central bank maintaining its restrictive policy for some time. Finance Minister Choo Kyung-ho said after the data release that inflation would likely stabilise again from October with seasonal factors easing. The central bank also said inflation, which was slightly higher in September than its projection, would still ease to around 3% by the end of the year. Broken down by sector, prices of petroleum products jumped 4.0% over the month, agricultural prices climbed 4.1%, while public utility prices added 5.3%.

Persons: Heo, Choo Kyung, Ahn Jae, Jihoon Lee, Ed Davies, Tom Hogue Organizations: REUTERS, Rights, Shinhan Securities, of Korea, Statistics, CPI, Thomson Locations: Seoul, South Korea, Rights SEOUL, Statistics Korea

☆ South Korea Sept consumer inflation accelerates for second month
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

Office workers pick up lunch boxes at a convenience store in Seoul, South Korea, June 24, 2022. REUTERS/ Heo Ran/File Photo Acquire Licensing RightsSEOUL, Oct 4 (Reuters) - South Korea's consumer inflation accelerated for a second month in September, outpacing market expectations, official data showed on Thursday. It was the second consecutive month the annual rate quickened, from a 25-month low of 2.3% in July, and marked the fastest annual rise in five months. Finance Minister Choo Kyung-ho said after the data release that inflation would likely stabilise again from October with seasonal factors easing. Broken down by sector, prices of petroleum products jumped 4.0% over the month, agricultural prices climbed 4.1%, while public utility prices added 5.3%.

Persons: Heo, Choo Kyung, Jihoon Lee, Ed Davies, Tom Hogue Organizations: REUTERS, Rights, Statistics, CPI, Bank of, Thomson Locations: Seoul, South Korea, Rights SEOUL, Statistics Korea, Bank of Korea's

☆ Morning Bid: Yen back near 150 as intervention chatter swirls
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +2 min

Tokyo has not confirmed any such move to support the yen , with both Japan's finance minister and its top currency diplomat making no direct comment. Tokyo last intervened to buy yen in September and October last year, when the currency eventually slumped to a 32-year low of 151.94 per dollar. In Asian hours, the yen was back just below the 150 mark and last at 149.27 per dollar. They continue to sell bonds, sending yields higher with the 10-year Treasury yield at a fresh 16 year peak. The benchmark 10-year Japanese government bond yield also clung to a 10-year high.

Persons: Kim Kyung, Ankur Banerjee, Kevin McCarthy, Edmund Klamann Organizations: National Printing Bureau, Bank of Japan, REUTERS, Ankur, Reuters, U.S . House, Ofcom, Labs, Thomson Locations: Tokyo, Japan, United States, U.S, Germany, France, Italy

☆ Vietnam's Masan secures $200 mln investment from Bain Capital
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: 1 min

Logo of the Bain Capital is screened at a news conference in Tokyo, Japan September 28, 2017. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsHANOI, Oct 2 (Reuters) - Vietnamese conglomerate Masan Group (MSN.HM) has secured funding of at least $200 million from Bain Capital, with the possibility of bringing in other investors to increase that to as much as $500 million, the two entities said on Monday. Proceeds, according to fast-moving consumer goods firm Masan would be used to strengthen the its financial positions. The investment would be in the form of convertible dividend preference share at a price of 85,000 dong ($3.50) per share which can be converted into ordinary shares at a 1:1 conversion ratio, Masan said in a statement. ($1 = 24,310.0000 dong)Reporting by Phuong Nguyen; Editing by Martin PettyOur Standards: The Thomson Reuters Trust Principles.

Persons: Kim Kyung, Phuong Nguyen, Martin Petty Organizations: Bain Capital, REUTERS, Rights, Thomson Locations: Tokyo, Japan, Rights HANOI, Masan

☆ Peak China may pose peak danger
▼ + stars: | 2023-10-02 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

For example, last week it installed a floating barrier by a rocky outcrop in the South China Sea claimed by the Philippines - which Manila promptly removed. A war between the United States and China still seems unlikely - because both sides know that the economic and human costs of a clash could be catastrophic. The United States and its Western allies are also worried that China could browbeat Japan and South Korea, two nations economically important to them. Meanwhile, the United States and other allies are imposing controls on the export of technology such as advanced chips to the People’s Republic. What’s more, the United States is finding it hard to maintain an emollient message.

Persons: Kim Kyung, Joe Biden, Xi Jinping “, Biden, Victor Sebestyen, Xi, Michael Beckley, Beckley, Hal Brands, Vladimir Putin, ”, Donald Trump, Goldman Sachs, Tufts ’ Beckley, Una Galani, Streisand Neto Organizations: People's Bank of China, REUTERS, Reuters, Austro, South China, Beijing, Tufts University, Washington, San, Economic Cooperation, Tufts, Thomson Locations: Beijing, CHINA, Greece, China, Vietnam, U.S, Taiwan, United States, Germany, France, British, Ottoman Empire, Hungarian Empire, Ukraine, South China, South, Philippines, Manila, China’s, India, People’s Republic, Japan, South Korea, America, Pacific, Washington, Hanoi, San Francisco, Asia, Taiwan Strait

☆ BOJ dispels view risk of loss will impede easy-policy exit
▼ + stars: | 2023-09-30 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

Bank of Japan Governor Kazuo Ueda speaks at a group interview with media in Tokyo, Japan, May 25, 2023. "The objective of the Bank's monetary policy is achieving price stability, which is its mission as stipulated by law. "A central bank's ability to conduct monetary policy is not impaired by a temporary decrease in its profits and capital, provided that it conducts appropriate monetary policy," he said. Some academics have warned the BOJ's huge balance sheet will make an exit from ultra-loose policy difficult by exposing it to massive losses that could put its credibility on the line. But he has also said the BOJ will consider an exit when sustained, stable achievement of its price target is in sight.

Persons: Kazuo Ueda, Kim Kyung, Ueda, Haruhiko, Leika Kihara, William Mallard, Sonali Paul, Michael Perry Organizations: Japan, REUTERS, Bank of Japan, Japan Society of Monetary, Thomson Locations: Tokyo, Japan, TOKYO

ET]A grand jury has indicted Duane Keith “Keffe D” Davis on charges of murder with use of a deadly weapon in connection with the 1996 killing of rapper Tupac Shakur, Las Vegas authorities announced. ET]An arrest has been made in Las Vegas in connection with the 1996 murder of rapper Tupac Shakur, a law enforcement source tells CNN. Shakur was shot and killed while leaving a boxing match on the Las Vegas Strip. A home searched by Las Vegas police is seen on Thursday, July 20, 2023, in Henderson, Nevada. When police searched Davis’ wife’s home in July, they seized a copy of the memoir Davis authored detailing street gang life and the murder of Shakur.

Persons: Duane Keith “ Keffe, ” Davis, Tupac Shakur, Duane Keith Davis, “, Henderson, Shakur, Ty ONeil, Davis, Davis ’, Marion ‘ Suge, Knight, bro, ” Tupac’s, Mopreme Shakur, ” Organizations: CNN, Vegas, Las Vegas Metro Police Department, Las, Row Records Locations: Las Vegas, Henderson , Nevada

☆ Yen intervention a hard sell even as 150 to the dollar 'red line' beckons
▼ + stars: | 2023-09-29 | by ( Kevin Buckland | ) www.reuters.com time to read: +6 min

But, Japanese authorities could find propping up their currency both difficult to achieve and hard to justify. To make even a ripple in the $5 trillion currency market, the BOJ would need to draw down massive amounts of dollar reserves. Wakabayashi, like many other analysts and investors, considers the 150 yen per dollar level a red line for currency intervention, not least because of its significance as a symbol of climbing costs of living from imported food and fuel. INTERVENTION IMMINENTThe yen careened to a 32-year trough at 151.94 last October before being reined in by several bouts of heavy intervention, the first by Japanese authorities in a generation. Measures of expected market volatility remain subdued.

Persons: Kim Kyung, Bank of Japan's hesitancy, Kazuo Ueda, You've, they're, Bart Wakabayashi, Fumio Kishida, Shunichi Suzuki, Masayuki Kichikawa, Ray Attrill, Janet Yellen, Aninda Mitra, Mitra, Kevin Buckland, Alun John, Vidya Ranganathan, Simon Cameron, Moore Organizations: National Printing Bureau, Bank of Japan, REUTERS, Rights, Bank of Japan's, U.S . Federal Reserve, U.S, Treasury, Fed, State Street Bank, Trust, Finance, Sumitomo Mitsui DS Asset Management, Ministry of Finance, National Australia Bank, BNY Mellon Investment Management, Thomson Locations: Tokyo, Japan, U.S, Washington, Asia, London

☆ Russia mulls joining China in banning Japanese seafood imports
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +3 min

Japan started releasing the water from the plant into the ocean last month, drawing strong criticism from China. Russia is one of the biggest marine product suppliers to China and is seeking to increase its market share. "Taking into account the possible risks of radiation contamination of products, Rosselkhoznadzor is considering the possibility of joining with Chinese restrictions on supplies of fish products from Japan," Rosselkhoznadzor said in a statement. So far this year, Russia has imported 118 tonnes of Japanese seafood, the regulator said. Japan will scrutinise Tuesday's announcement by Russia, the top Japanese government spokesperson Hirokazu Matsuno said on Wednesday.

Persons: Kim Kyung, Rosselkhoznadzor, Hirokazu Matsuno, Matsuno, Alexander Marrow, Olga Popova, Katya Golubkova, Bernadette Baum, Gerry Doyle Organizations: Food, REUTERS, China, Japan, International Atomic Energy Agency, IAEA, Japan's Ministry, Environment, Thomson Locations: Soma, Fukushima Prefecture, Japan, Russia, Moscow, Russian, China, South Korea, Tokyo

☆ Asian Games: South Korea's Esports stars target medal success -- and a military exemption
▼ + stars: | 2023-09-26 | by ( Yoonjung Seo | ) edition.cnn.com time to read: +15 min

For South Korean male participants, winning a gold medal in the Asian Games or Olympic Games not only brings honor but also grants them a military exemption. However, the mandatory duty can be waived for some athletes, in particular those who win an Olympic medal or a gold medal in the Asian Games. Seven games will be featured as official medal events at the 19th Asian Games, building on the success of the pilot event at the 2018 Jakarta-Palembang Games. The venue for the Asian Games esports competitions is state-of-the-art and an impressive sight to see. With its inclusion as an official Asian Games medal event, the possibility of esports becoming a part of the Olympic Games is a topic of growing debate.

Persons: Suga, Oh, Wang Zhao, Son Heung, ” Shin, ”, esports, ” Kim Sa, “, ” Lee Kyung, Kwak, hyouk, it’d, ” Kwak, Thailand’s Teedech, Lee Sang, –, Michael Chow, Yoonjung Seo, Michael Jordan, ” Chow, Faker, JUNG YEON, Philip Fong, Rowan Crothers, “ I’m, I’ll, ” Crothers, Jess Bolden, Chow, Niko, Young Organizations: CNN, Gaming, Hangzhou Asian Games, Asian Games, Games, BTS, Asian, Getty, Premier League soccer, Tottenham Hotspur, Marine Corps, Republic of Korea Marine Corps, “ Times, CNN Sport, FIFA, Hangzhou, South Korea, Believer Company, Riot, South, Team Korea, League, “ League, SK Telecom, Riot Games, Microsoft Studios, Xbox, Studios, International Federation of, Phonographic Industry, EA Sports FC Online, PUBG, of Valor, of, Olympic, International Olympic Committee, Maekyung Media, Paralympic, IOC, Kodikara, International Federations, Niko Partners Locations: South Korea, Hangzhou, AFP, Seogwipo, Jeju, Republic of, Seoul, esports, Jakarta, South, . South Korea, Palembang, Asia

☆ BOJ chief warns of highly uncertain wage, price outlook
▼ + stars: | 2023-09-25 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

The key to the outlook for monetary policy is whether strong wage growth and consumption, rather than cost pressures from rising import costs, become the key driver of inflation, Ueda said. Ueda said the BOJ was "not fully convinced" that wage hikes would keep accelerating, as many companies seemed undecided on their wage strategy for next year and beyond. That's why we are supporting demand and the broader economy with easy monetary policy," he added. While stressing the need to keep ultra-loose policy for now, Ueda said it was "extremely important" to weigh the benefits and costs of its policy. On the yen's recent falls, Ueda said the BOJ was keeping a close eye on their impact on economic and price developments.

Persons: Kazuo Ueda, Kim Kyung, Ueda, Shingo Torii, Leika Kihara, Chang, Ran Kim, Sam Holmes, Ed Osmond Organizations: Japan, REUTERS, Ueda, Bank of Japan, Panasonic, Osaka Chamber of Commerce and Industry, Thomson Locations: Tokyo, Japan, Ueda OSAKA, Osaka

☆ Italy says it will be equal partner in jet fighter project with UK, Japan
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +2 min

A concept model of the Global Combat Air Programme (GCAP)'s fighter jet is displayed at the DSEI Japan defense show at Makuhari Messe in Chiba, east of Tokyo, Japan March 15, 2023. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsROME, Sept 23 (Reuters) - Italy said on Saturday it will be an equal partner in the next-generation fighter program with Britain and Japan, as further talks are still underway on the project, including on where to base its headquarters. The three countries established the Global Combat Air Programme (GCAP) in December after Britain and Japan agreed to merge their fighter efforts in a ground-breaking collaboration that aims to deploy an advanced aircraft by the middle of the next decade. Reuters on Thursday reported that Japan and Britain were going to dominate design and manufacturing on the project, with London likely to lead its organisation due to its deeper and more recent experience in jet fighter development. "The Global Combat Air Programme, or GCAP, is an actual trinational programme based on the principle of equal sharing, as the Prime Ministers stated in the Joint Ministerial Declaration last December," an Italian defence ministry statement said.

Persons: Kim Kyung, Angelo Amante, Andrew Cawthorne Organizations: Global Combat Air, Makuhari Messe, REUTERS, Rights, Reuters, Combat Air, of Defence, Thomson Locations: Japan, Chiba, Tokyo, Italy, Britain, London

Stock incentives are seen positively by the market "as higher stock prices directly boost such incentives," she said. Sony, which introduced stock incentives years ago for some management levels, recently changed its framework to make the incentives more attractive, a spokesperson said. "The stock incentives are aimed at beefing up engagement with employees and promoting their interest in raising corporate value." Today, employee stock incentives are also a way for companies to replace cross-shareholdings, a common practice where companies take stakes in partners to cement relationships and avoid activist investors. Despite its increasing popularity, just a quarter of top 100 Japanese companies have employee stock incentives compared to more than 80% in the United States or Germany, data by consulting firm Human Resources Governance Leaders shows.

Persons: Kim Kyung, Motomi Hashimoto, Hitoshi Tanimura, Shintaro Takano, Shinzo Abe, Shinji Ishikawa, Makiko Yamazaki, Ritsuko Shimizu, Miral Organizations: Nikkei, REUTERS, Rights, ANA Holdings, ANA, Sony Group, Tokyo Stock Exchange, Nomura Securities, Reuters, Sony, Human Resources, Leaders, Mitsubishi UFJ Trust, Thomson Locations: Tokyo, Japan, Omron, United States, Germany

REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsBEIJING, Sept 15 (Reuters) - China will impose sanctions against U.S. aerospace and defence firms Northrop Grumman (NOC.N) and Lockheed Martin (LMT.N) for providing weapons to Taiwan, the Chinese foreign ministry said on Friday. The sanctions are being enacted under China's Anti-Foreign Sanctions Law, ministry spokesperson Mao Ning told a regular press briefing. Mao named Lockheed Martin Corp's branch in Missouri as the prime contractor that was directly involved in an arms sale to Taiwan on Aug. 24 and said Northrop Grumman has repeatedly participated in the sale of weapons to Taiwan. Taiwan has also reported dozens of Chinese fighters, bombers and other aircraft flying into its air defence zone this week. China's wide-ranging law to counter foreign sanctions came into force in 2021 in an apparent move to legalise tit-for-tat retaliation against punitive actions taken by foreign countries.

Persons: Kim Kyung, Northrop, Lockheed Martin, Mao Ning, Mao, Northrop Grumman, Joe Biden, Joe Cash, Liz Lee, Kim Coghill, Christian Organizations: Lockheed, Japan Aerospace, REUTERS, Rights, U.S, Northrop Grumman, China's, Foreign, Thomson Locations: Japan, Tokyo, Rights BEIJING, China, Taiwan, U.S, Missouri, China . U.S, Shandong, Taiwan's, Beijing

☆ What will BOJ's policy normalisation path look like?
▼ + stars: | 2023-09-12 | by ( Leika Kihara | ) www.reuters.com time to read: +4 min

Bank of Japan Governor Kazuo Ueda speaks at a group interview with media in Tokyo, Japan, May 25, 2023. But his hawkish remarks have pushed up the 10-year JGB yield to a near decade-high of 0.715% on Tuesday. It also likely sees 0.8% as a threshold it wants to defend to avoid the 10-year yield from reaching 1%. That could mean the BOJ will retain the yield cap as a precaution when it raises short-term rates, some analysts say. There are no scheduled public appearances of BOJ executives until governor Ueda's regular news conference, to be held after the BOJ's next two-day policy meeting ending on Sept. 22.

Persons: Kazuo Ueda, Kim Kyung, Kazuo Ueda's hawkish, Ueda, Haruhiko Kuroda, Ueda's, Leika Kihara, Tetsushi, Shri Navaratnam Organizations: Japan, REUTERS, Rights, Bank of Japan, Rengo, NEXT, Thomson Locations: Tokyo, Japan

☆ Analysis: BOJ's hawkish tilt suggests end to super-easy policy approaching
▼ + stars: | 2023-09-11 | by ( Leika Kihara | ) www.reuters.com time to read: +5 min

Another board member, Junko Nakagawa, laid out the conditions for ending negative rates, notably a continued improvement in household confidence. "When we see many people share prospects that wages will keep rising, we may be able to exit (negative rates)." Less than half expect negative rates to end in 2024. There seems to be no consensus within the BOJ board, however, on when or how the bank would dismantle Kuroda's complex policy framework. Ueda said the BOJ could end negative rates if it believed that inflation would sustainably hold above the target.

Persons: Kazuo Ueda, Kim Kyung, Ueda, Tamura, Haruhiko Kuroda, Naoki Tamura, Kuroda, Mari Iwashita, Hajime Takata, Junko Nakagawa, Shinichi Uchida, Leika, Sam Holmes Organizations: Japan, REUTERS, Bank of Japan, Daiwa Securities, Reuters, Thomson Locations: Tokyo, Japan, TOKYO, U.S

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