Japan Financial News

Samir Arora, Founder, Helios Capital, says we cannot let go of pockets of flow by just believing that we are getting Rs 20,000 crore a month. The SIP numbers are good, but they are not what you think are. The actual net flows are not Rs 20,000 crore or more per month, they are only Rs 10,000 crore. For some reason, we are only talking about gross flows. When things go bad, things will become very bad if we ignore one big pool of money and more than that, ignore valuations and ignore bad news beyond a point. So one has to balance it. We have done it. I am sure fund managers are doing it. Everybody is saying valuations are expensive, and the markets are due for a correction but look at the ability of the market to shrug off bad news, what it did on election day, the Budget day, and what it has done post that black Monday 10 days ago. Samir Arora: Correct. One of course is flows, but it would look out of place if we were doing it independent of the world. So, basically, the mothership which is the US is also doing the same, not related to the budget or elections, but in general reacting to any bad phases and so it has recovered so well, Japan has recovered. But the FII flows have been quite negative and I think that is because these tax hikes have become untenable. Just to give you one number, the MSCI India Index in dollar terms is up over 17 percent year to date, whereas a $10 billion index is up 13%. So, over time, this is going to hurt and there will be some loss of FII investments in India.

Nikkei share average climbed nearly 3% on Friday and notched its best week in more than four years, as strong U.S. retail sales data soothed fears of a recession in the world's largest economy and Japan's top trading partner. The Nikkei closed 3.6% higher at 38,062.67, locking in its second-largest daily gain for the year, while the broader Topix finished up about 3% at 2,678.60.

Cryptocurrency exchange Bybit has registered as a virtual asset service provider (VASP) and card operator with the Financial Information Unit (FIU) in Argentina.

Here's breaking down the pre-market actions:

Flights and trains in the Tokyo area have been canceled, and people were warned of strong winds, heavy rains and potential flooding and mudslides as a typhoon swerved near Japan on its way further north in the Pacific Ocean

recession concerns, fueling a rally in stocks and sending bonds tumbling. Equity benchmarks in Japan climbed over 2% at the open, while shares in Australia increased alongside those in South Korea. US futures contracts edged higher after the S&P 500 and tech-heavy Nasdaq 100 both rose, as retail sales data beat estimates and jobless claims hit the lowest since early July.

MUMBAI : In the midst of covid lockdowns a few top executives of ChrysCapital, a private equity firm headquartered in New Delhi, decided to make a trip to Pune. That city about 150 km to Mumbai’s south is home to an unassuming entrepreneur who over the past decade and half has founded three startup unicorns. That includes Brainbees Solutions Pvt.

With its reindeer sledding, camel racing and stunning landscapes with room to roam, Mongolia is hoping to woo visitors who are truly looking to get away from it all

B3.fun, a gaming platform founded by former Coinbase alumni and built on Base, Coinbase’s Layer 2 network has officially launched its game discovery platform, BSMNT.fun.

Yankees' Aaron Ward, who has hit a home run milestone by achieving a miraculous feat. Judge is is one such player who has always been an asset for any team, especially the Yankees, who are trying to keep him as content and happy in this MVP-caliber season, which is ongoing.

India «over the next several weeks.» The search giant launched AI Overviews in Search in May, starting with the US, to help people quickly discover information on the web. «After extensive testing and positive feedback, including in the US and Search Labs globally, we’re bringing the helpfulness of AI Overviews to six new countries: India, United Kingdom, Japan, Indonesia, Mexico and Brazil – along with local language support in each country,» Hema Budaraju, senior director, product management, Search said in a blog post. In India, Google said it will be rolling out AI Overviews in English and Hindi. It will also introduce popular India-first features that were well-received during the company's Search Labs experiment. This includes helping a user easily switch between English and Hindi results with the language toggle button, and listen to responses with Text-To-Speech by tapping the 'Listen' button.

Japan’s economy grew at an annual rate of 3.1% last quarter, rebounding from the contraction in the previous quarter

Blue Eye Samurai" season 2 on Netflix is happening after the anime show has been renewed for the second season. «Blue Eye Samurai» won six Annie Awards and three wins in Emmy juried categories, as per a report on WhatsOnNetflix. However, Netflix is yet to make any announcement regarding the release date of «Blue Eye Samurai» season 2. Japanese anime «Blue Eye Samurai» have recently made Netflix's global top 10 most-viewed lists. Japan's entertainment industry must «catch the wave» of global streaming hits like 'Shogun', according to one of the stars of new Amazon television show «Like A Dragon: Yakuza.»

The price of Ripple (XRP) has fallen by 1.5% today, dropping to $0.5672 as the wider crypto market loses by 4% in the past 24 hours.

Air India on Thursday announced the cancellation of its scheduled flight from Delhi to Narita, Japan, on Friday, citing severe weather warnings at Tokyo. Passengers with confirmed bookings for flights AI306 and AI307 on the Delhi-Narita-Delhi route on August 16 are eligible for a one-time waiver on rescheduling or can opt for a full refund in case of cancellation. The airline shared this update via a post on X and said that the decision to prioritize passenger safety amid the weather warnings in Tokyo.

market volatility has been spurred by a confluence of factors. Weaker-than-anticipated US economic data has ignited concerns about a potential recession, with market estimates now placing its likelihood at 30-35%, a significant increase from the less than 10% projection in June 2024. Adding to the turbulence, the surprise rate hike by the Bank of Japan and the subsequent reversal of yen carry trades have exacerbated market uncertainty. The Indian Rupee has borne the brunt of this volatility, hitting near all-time lows and breaching its previous October 2022 record of INR 83.5. While the Rupee has depreciated in the short term, it has exhibited relative stability compared to other emerging and developed market currencies over the past six months. INRperformance V/s Emerging Market Currencies (YTD INR depreciation~1% v/s other EM currencies ~4-10% depreciation)

Fumio Kishida's decision to step down. The rebound came after the economy shrank 0.6 percent — adjusted upwards from an earlier figure of minus 0.7 percent — in the first quarter to March. The rise, due to increases in production along with capital and public investment, beat market expectations of a 0.6 percent expansion for the world's number four economy.

rupee ended nearly flat on Wednesday as U.S. dollar demand from importers and foreign banks eroded the currency's early gains that came due to growing expectations of rate cuts by the Federal Reserve. The rupee closed at 83.9475 against the dollar, little changed from its close at 83.97 in the previous session.

As we celebrate Independence Day, let’s look back at the distance we have traversed in 77 years. This was India in 1947: Life expectancy was 32 years. Literacy was 18%.

listing gains snagged by SoftBank’s India portfolio firms Ola Electric, FirstCry and Unicommerce are the result of sensible initial public offering (IPO) pricing, favourable macroeconomic conditions and the growing acceptance of technology firms by the capital markets, said Sumer Juneja, managing partner for India and EMEA at SoftBank. In an interview to ET on Tuesday, he said that the active participation of domestic mutual funds has helped shore up demand for these public offerings. It’s not true that these new-age IPO are gaining only because of the continuing bull run in the stock markets, he added. The Masayoshi Son-led Japanese group’s cumulative holdings across the three recently listed companies stand at about $2 billion following their market debut. SoftBank had pumped $400 million into FirstCry, which listed at a premium of 40% to its issue price of Rs 465 per share.

Ola Electric, FirstCry and Unicommerce, which went public this month, have boosted the worth of Japanese technology investor SoftBank’s stakes in these companies to almost Rs 16,000 crore, or nearly $2 billion, based on the latest stock prices of these three companies. SoftBank has already realised around $400 million, or around Rs 3,300 crore (at current exchange rates), from secondary stake sales in the three companies. SoftBank had invested more than Rs 4,100 crore in FirstCry, which listed at a premium of 40% on the National Stock Exchange (NSE) Tuesday to the issue price of Rs 465 apiece.