Japan Financial News

Olympics and baseball is heading toward another reconciliation in 2028. That leads to the inevitable discussion of what the rosters could look like. Commissioner Rob Manfred said last month he was open to the possibility of major leaguers participating, but recent history suggests some obstacles. Baseball was dropped after the 2008 Games, returned in 2021 in Japan, then was left out this year in Paris.

U.S. stocks drifted through a quiet day to finish mixed, as markets around the world stabilized following a wild week

A Japanese business executive who had been detained in Myanmar for more than a month has been released

Wall Street is closing mixed after drifting through a quiet day of trading, as markets around the world stabilize following a wild week

eSentire are exploring options including a potential sale that could value the cybersecurity company at about $1 billion, including debt, according to people familiar with the matter. ESentire — which is owned by investment firms Warburg Pincus, Caisse de depot et placement du Quebec (CDPQ) and Georgian — is working with investment bank Evercore on a sale process that could attract interest from other private equity firms, the sources said, requesting anonymity as the discussions are confidential. Waterloo, Ontario-based eSentire's owners are hoping to command a valuation for the company equivalent to more than 7 times its annual recurring revenue of about $150 million, the sources said, cautioning that no deal is guaranteed.

Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

TOKYO—Eight decades ago, when Japan’s kamikaze pilots were crashing their planes into American ships and its soldiers were dying from the Aleutian Islands to Guadalcanal, all were given the same promise: Upon death, their souls would be enshrined at Tokyo’s Yasukuni Shrine. The shrine was the symbol of the religious-military state that sought to mobilize the population to fight in the name of a divine emperor.

Vinesh Phogat's fate who was disqualified from the Paris 2024 Olympics gold medal match in the 50kg freestyle wrestling category is now in the hands of Court of Arbitration for Sport (CAS) who will deliver its verdict on August 13. While the hearings are completed and only the verdict is left, there might be a crucial 'loophole' in the United World Wrestling (UWW) rulebook that could potentially benefit Phogat, according to media reports. According to current regulations, Phogat’s disqualification was due to her failing the weigh-in by a mere 100 grams. UWW rules state that no exceptions can be made for such violations, which seemingly rules out the possibility of awarding Phogat a silver medal. However, an intriguing loophole in the rulebook might offer Phogat a chance.

special session on Aug. 23 to discuss the central bank's decision last month to raise interest rates, government sources said on Tuesday. The special session, to be conducted by the lower house financial affairs committee, is likely to ask Bank of Japan Governor Kazuo Ueda to attend, said the sources, who declined to be identified. The schedule will be officially decided later on Tuesday.

capital market, the condition is not good this week either. Tokyo stock exchange was the first to crash and the Nikkei Index plummeted by 12.4% on Monday. It was followed by a fall in the cryptocurrency market across the world, which represents the overall bearish sentiment spreading across the world economy, though it may not be directly related to the stock markets. The economic crisis can be understood by the fact that the Dow Jones Industrial Average closed down more than 1,000 points, registering a drop of 2.6%, the tech stock index Nasdaq tanked by 3.4% and the S&P 500 fell 3%.

Adult Swim has released a trailer for the upcoming series, "Rick and Morty: The Anime." The trailer showcases the Smith family in a new art style and introduces new cast members.

Olympics reading the US, China, Japan, Australia, France, the Netherlands, Britain, South Korea, Italy and Germany, one is bound to ask: why do some countries fare better than others? Discussions usually attribute wins and losses to individual abilities, training and dedication. These factors are undoubtedly crucial. But there could be other determinants like economic prosperity. In each of the last three Summer and Winter Olympic Games, the top 10 medal-winning countries have been high-income countries based on World Bank's income-level classifications, with the exception of China (upper-middle income) in Tokyo 2020 Olympics, and OAR (Olympic Athletes from Russia — upper-middle income) in PyeongChang 2018 Winter Olympics. However, research has found a range of determinants beyond economic prosperity — team size, growth rate, expenditure on health, population, etc — to have a significant impact. We investigated the association between the total medal count for each country at the Beijing 2022 Olympics and their GDP per capita (PPP). A moderate positive relationship is observed with a correlation coefficient of 0.62.

Krishnamurthy V Subramanian, Executive Director of the International Monetary Fund (IMF) said on Monday. In an interactive session during the launch of his book 'India @100' at Indian School of Business (ISB) here, Subramanian said becoming a USD 55 trillion economy by 2074 may appear audacious, but it is achievable. He also said India's private credit to GDP ratio was 58 per cent in 2020, six decades behind the advanced economies which are now at 200 per cent, though there is phenomenal work being done in terms of financial inclusion through schemes like 'Pradhan Mantri Jan-Dhan Yojana'. «So in other words...while this of course appears to be audacious, it is the power of compounding that makes it happen. As long as we are able to register 8% growth, we can actually become a $55 trillion economy,» the former chief economic advisor said when asked why he thinks India has the potential to be a USD 55 trillion economy by 2047.

The market volatility we’ve seen over the past week and a half has been astounding. The VXX, an exchange-traded fund that tracks the VIX volatility index, rocketed higher as investors sold equity positions across the board, with more speculative assets such as U.S. tech and cryptocurrencies getting hit the hardest.

To date, Maruti Suzuki’s startup arm has evaluated over 3,000 startups, engaged with 88, explored multiple technologies, and onboarded 21 startups as business partners through commercial engagements. The initiative remains focused on fostering open innovation with startups worldwide, both domestic and international, to co-create an ecosystem where Maruti Suzuki can leverage deep tech and the latest technologies from across the globe.

Former Bank of Japan (BoJ) executive Makoto Sakurai has indicated that another interest rate hike is unlikely this year, following Japan’s recent increase which caused Bitcoin to crash.

asset management firm Neo Group has raised Rs 400 crore (around $47 million) in a fresh equity funding round led by Japanese lender MUFG Bank along with New York-based Euclidean Capital. Peak XV Partners, which had invested around $35 million in October last year, also participated in this round, the company said in a news release on Monday. The funds will be used to expand Neo's wealth management division and support its asset management business.

On Friday, gold and silver settled on a mixed note in the domestic and international markets. Gold October futures contract settled at Rs 69,895 per 10 grams with a gain of 0.27% while silver September futures contract settled at Rs 80,543 per kilogram with a loss of 0.09%.

Mint. While the latest rate hike may not deter Indian corporates from borrowing from Japan, further rate hikes could force them to reconsider their plans. Last week, the Bank of Japan raised its interest rate for the second time in 17 years in another step away from its long-standing ultra-loose monetary policies, setting an interest rate of 0.25%, up from 0-0.1%.

Key for the Federal Reserve will be U.S. consumer prices on Wednesday where economists look for rises of 0.2% in both the headline and core, with the annual core slowing a tick to 3.2%.

Paris Olympics 2024 but the United States of America topped the medals table finishing above the Asian giant only by virtue of their 44 silvers. China, who were the last nation apart from the U.S. to top the standings when they did it on home soil at the 2008 Beijing Games, managed only 27 silvers. The US also won most total medals with 126 to China's 91.