Japan Financial News

Prime Minister Narendra Modi can operate effectively in a coalition government in his third term, Chris Wood of global brokerage firm Jefferies has shaved weightage of PSU stocks in his long-only India portfolio. The weightings in ICICI Bank, State Bank of India (SBI), REC and Coal India will be reduced by one percentage point each, while an investment in PolicyBazaar will be introduced with a 4% weighting, Wood wrote in his GREED & fear newsletter.

Japan Times reported.Amid growing labour shortages, Prime Minister Fumio Kishida's government is actively pursuing policies to promote the birth rate, including provision of financial aid to families, easier access to child care, parental leave, and more.In Japan, birth rates dropped to an all-time low in 2023. Therefore, it isn't uncommon for municipalities to hold matchmaking events, but it is quite rare for the government to create an app.To access the dating app, users must sign a letter stating they are willing to get married and submit documentation proving that they are legally single.Other requirements include a tax certificate slip to prove their annual salary.

The Federal Open Market Committee meets next week, when it will issue a new edition of its popular (if rarely entirely accurate) Summary of Economic Projections. This columnist and other, wiser souls already have proposed ways the Federal Reserve could improve this quarterly dot-apalooza, but let me suggest one more: It would be great if the Fed would mention the exchange rate once in a while. Managing the dollar is the most important job no one in Washington is doing these days.

Sensex surged 2,303.19 points, or 3.20%, to close at 74,382.24, while the Nifty 50 settled 735.85 points, or 3.36%, higher at 22,620.35.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 6“We expect the market to remain obsessed with government formation exercises, with a keen eye on key cabinet portfolios such as Finance, Defense, Roads, Energy, Commerce, and Railways. With election overhang done, we expect the focus to revert to fundamentals," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.Here are key domestic and global market cues for Sensex today:Asian markets traded higher tracking overnight rally on Wall Street amid increased interest rate cut hopes.Japan’s Nikkei 225 surged 1.12%, while the Topix rose 0.65%.

Romantic Anonymous is a Japanese romantic drama series. Directed by Sho Tsukikawa and written by Kim Ji Hyun, the series adapts the French film Les Émotifs anonymes. Here’s what we know so far, as per a What’s on Netflix report.

Benchmark U.S. crude oil for July delivery rose 82 cents to $74.07 per barrel Wednesday

The Japanese government data shows the country's birth rate fell to a new low for the eighth straight year in 2023

The price of decentralized data storage coin JasmyCoin ($JASMY) has pumped 52% in the last seven days to trade at $0.03897. The rally was catalyzed by investor speculation that the crypto company had partnered with Apple’s iPhone.

Brakes India on Wednesday announced its plans to develop and manufacture advanced braking products for the domestic light vehicle market in a 51:49 joint venture partnership with Japanese AISIN Group company ADVICS at an investment of Rs 500 crore over the next three years. The joint venture entity will focus on developing these products in a phased manner of which Electronic Stability Control (ESC) will be among the initial products to be rolled out, Brakes India said in a statement.

Johnny and Haechan, two members of the K-pop boy group NCT, have been embroiled in a scandal of epic proportions. An X account called @kira_ceo_main claimed that the two idols got up, close and personal involved with three Japanese fans. The photos soon went viral on social media.

Crypto exchange DMM Bitcoin based in Japan, which suffered a major hack losing 4,502.9 Bitcoin on Friday, is planning to raise funds to buy BTC in order to compensate its customers.

ANI report.“Not ruling out using US military force. There's a distinction between deploying on the ground, air power and naval power," he said during the exclusive interview conducted at the White House on May 28, as quoted by ANI.Biden also said that he had communicated to Chinese President Xi Jinping that the United States would not seek independence for Taiwan, which was in line with Washington's long-standing agreement with Beijing.

Investor sentiment is fragile as Asian markets reach the mid-point of the week, with bubbling angst and political volatility across the emerging world compounding deepening concern over U.S. and global economic growth. Indian assets, in particular, have been on a wild ride this week in response to the country's general election result, a strong safety bid is driving the Japanese yen higher, and regional stocks are now down four out of the last five days.

BJP has erased almost all the gains made by the Nifty this year in just one day. The Nifty fell by 1,379 points or 5.93% on Tuesday, but it still trades at an expensive valuation compared to global markets, with 21.27 times its one-year forward earnings, second only to Japan. Both India and Japan have experienced sharp rallies, driven by rapid economic growth in India and corporate reforms in Japan. Currently, the Chinese market is trading at 11 times its one-year forward earnings, while Singapore, Korea, Hong

Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 5On Tuesday, the Indian stock market suffered a massive selloff after the Lok Sabha election result trends fell short of what the exit polls had predicted, spooking investors.The Sensex crashed 4,389.73 points, or 5.74%, to close at 72,079.05, while the Nifty 50 settled 1,379.40 points, or 5.93%, lower at 21,884.50.“Markets will likely shed the 'Modi premium,' causing a correction in PSU and infra stocks. Once this turbulence stabilizes, attention will shift to the core macro factors affecting India.

markets reacted sharply on Monday to the NDA falling short of expectations in the Lok Sabha elections, which triggered a loss nearly 6% to both Sensex Nifty «The markets are pricing the risk associated with this scenario, and the potential impact of a shift toward socialist policies by the government, thus leading to a sell-off,» said Yashovardhan Khemka, Senior Manager, Research & Analytics at Abans Holdings.

Godzilla Minus One’ which is continuing to make history. It has attained a score of 98% on Rotten Tomatoes and has an amazing storyline and VFX it has recently topped the box office collections and has also had a record viewership on Netflix which is an OTT streaming service. This is the 37th film in the Godzilla series and has earned more than $ 115.8 million at the worldwide box office with a budget of only $15 million.

A sophisticated deepfake scam targeted an OKX user after their personal information was compromised in a Telegram data breach. The victim reported on June 3 that the attack had resulted in the theft of millions worth of crypto assets.

Stocks that traded heavily or had substantial price changes on Monday: Autodesk, Coherent rise; Waste Management, Hertz Global fall

Benchmark U.S. crude oil for July delivery fell $2.77 to $74.22 per barrel Monday

Prime Video will come up with «Like a Dragon,» a live-action series adaptation of SEGA's «Yakuza Like a Dragon» game franchise, a Variety report said. The six-part series features a crime-suspense-action narrative and will be available in subtitled and dubbed versions in 30 languages.