Japan Financial News

With a total 99.6% of the votes in favour of the deal, JFJ will acquire £144.3m of assets from JSGI, in consideration for issuing 23.3 million in ordinary shares related to the merger. The deal was first announced in July, when JP Morgan said it would merge the two strategies into one all-cap portfolio with assets under management of the combined vehicle set to surpass £1bn. Largest Japanese equity investment trust prepares merger to create £1bn portfolio At a general meeting on Thursday (24 October), around 39% of JSGI's share capital representing slightly over 21.1 million shares...

h debt and escalating wars topped the official agenda at the International Monetary Fund and World Bank annual meetings, but finance leaders spent much of their energy worrying about the potential impacts of a return of Donald Trump to power in November's U.S. presidential election. Republican candidate Trump's gains in recent polls to erase much of the early advantage of his Democratic opponent, Vice President Kamala Harris, was part of nearly every conversation among finance officials, central bankers and civil society groups attending the meetings in Washington this past week. Among concerns were Trump's potential to upend the global finance system with massive tariff increases, trillions of dollars more in debt issuance and a reversal of work to fight climate change in favor of more fossil fuel energy production.

Asian shares rose, as the yen dipped in the midst of political uncertainty after Japan’s ruling party lost its majority in Parliament’s lower house in weekend elections

Shigeru Ishiba's coalition lost its parliamentary majority in a drubbing in Sunday's election, raising uncertainty over the path for policy and the economy. Ishiba's Liberal Democratic Party (LDP), which has ruled Japan for almost all of its post-war history, and junior coalition partner Komeito took 215 seats in the lower house of parliament — well short of the 233 needed for a majority — public broadcaster NHK reported. The LDP previously held 247 seats and Komeito held 32.

Brent crude futures were 4.2% lower and traded as cheaply as $67.80 a barrel after Israel's response to an Iranian missile attack focused, so far, on missile factories and other sites near Tehran and not on disrupting energy supplies. In Japan, the LDP which has ruled for most of the post-war years and junior coalition partner Komeito won 215 lower-house seats at Sunday's election, public broadcaster NHK reported. This falls well short of the 233 needed for a majority and the yen was squeezed since investors figured any government that emerges is likely to make a dovish shift in economic policies.

yen touched a three-month low on Monday as Japan's ruling coalition lost its parliamentary majority and investors figured that would likely slow future interest rate hikes, while the dollar headed for a monthly gain on rising U.S. yields. On the dollar, the yen hit its weakest since late July at 153.3 in early-morning trade and it touched the same milestone at 165.36 to the euro.

Subscribe to enjoy similar stories. A top government panel is likely to approve a ₹4,000-crore production linked incentive (PLI) scheme next month to boost the domestic production of specialty steel and curb imports, two persons in the know of the development said.

Ishiba, 67, called Sunday's election only days after taking office on October 1, aiming to bolster his position and that of his scandal-hit Liberal Democratic Party (LDP), which has governed Japan almost constantly for seven decades. But national broadcaster NHK and other media outlets predicted in the hours after polls closed that the LDP — in the party's worst result since 2009 — together with its long-term junior coalition party Komeito had fallen short of the 233 seats needed for a majority in Japan's lower house.

The global push for biomass that can be burned for energy is causing concern about the price Indonesia's forests are paying

Crunchyroll and Netflix will handle distribution in the UK, while Hulu will join for U.S. viewers. Fans can watch each new episode weekly.

Major League Baseball’s dream matchup is the Los Angeles Dodgers and the New York Yankees in the World Series

Republican former President Donald Trump and Democratic Vice President Kamala Harris are polling neck-and-neck in crucial swing states ahead of the Nov. 5 election. Investors are anxious about a contested result roiling world markets and unleashing fresh geopolitical uncertainty.

longevity? While many fitness gurus have sworn by this tactic to remain at the peak of good health and live a long life, recent research suggests that you don’t need to walk a specific number of steps to live longer. However, being active is the key to being fit.

Asian stocks are mostly higher aside from in Japan, where investors are awaiting the outcome of an election on Sunday

Wyld joins portfolio manager Richard Aston and deputy portfolio manager and analyst Megumi Takayama, who ran both the Chikara Japan Income & Growth fund and the CC Japan Income & Growth trust. Deep Dive: Japanese corporate governance reforms finally start bearing fruit for investors Prior to joining Chikara, Wyld worked at Ruffer for five years, starting out as an analyst and most recently serving as co-manager of the Ruffer Japanese fund. He also did a three-year stint as a research analyst at JM Finn between 2015 and 2018. "[Wyld] is joining a skilled and highly experienced team,...

NTT DATA on Thursday announced a Generative AI (GenAI) Talent Development Framework to impart training to all its employees worldwide. India houses more than 40,000 of NTT DATA’s employees, the most outside the home base for the Japanese company with a headcount of about 200,000. “With the rapid advancement of generative AI, talent development has become a social imperative. By utilising the framework we have established, we can effectively cultivate highly skilled professionals,” chief executive Yutaka Sasaki said.

Subscribe to enjoy similar stories. The Indian stock market recently witnessed a landmark event – the successful completion of Hyundai Motor India’s ₹27,870-crore initial public offering, the country’s biggest IPO to date. The last time a car maker went public was in June 2003, when Maruti Suzuki launched its ₹990-crore IPO.

Subscribe to enjoy similar stories. India and China have announced that they have reached an agreement on patrolling their common border after more than four years of tension. Can this boost trade and investment flow between the two economic powers? Mint explains: It is a first step towards rebuilding their relationship which took a beating following the border clash at Galwan in June 2020.

marriages are emerging as a notable trend in Japan, where the total population decreased for the 15th consecutive year in 2023. The population fell by more than half a million people due to aging and low birth rates. Additionally, the number of marriages dropped below 500,000 for the first time since the 1930s. This unconventional marriage arrangement allows partners to live together as spouses while pursuing separate romantic relationships.

Subscribe to enjoy similar stories. Foreign investors are pulling their money out of India. While that may not be surprising, the question is which global markets are catching the attention of foreign portfolio investors (FPIs) now? The short answer: Apart from China, it was South Korea, Japan and Indonesia.

Tokyo Metro jumped 36% in their Tokyo market debut on Wednesday after an initial public offering proved popular among investors. Tokyo Metro, one of the capital's two major subway operators, opened at 1,430 yen ($9.44) after shares were initially untraded with a glut of buy orders.