Asia-Pacific Stocks Experience Mixed Performance
Asia-Pacific stocks displayed a mixed performance on Tuesday, January 16th, as the Hong Kong market witnessed its third consecutive decline. Hong Kong Market Decline The Hang Seng Index (HSI) in…
GM and Honda to Launch Driverless Ride Service in Japan
General Motors (GM) and Honda announced their collaboration with Cruise, GM's self-driving unit, to introduce a driverless ride service in Japan by early 2026. By utilizing an app on their…
Asia-Pacific Stocks Mostly Rise
September 15, 2022 Asia-Pacific stocks experienced mostly positive gains on Friday, September 15th, with the Hong Kong and Japanese markets showing strength for the second consecutive session. Hong Kong Stocks…
Japan Passes Law Requiring Stablecoins Be Linked to Yen or Another Legal Tender
(Bloomberg) Japan has passed a law that requires stablecoins to be linked to the yen or another legal tender in the wake of the collapsed TerraUSD token. The new law…
Japan Enters the Race for Strategic Oil Reserve Sales to Tame Prices
(Bloomberg) Japan has offered to release about 630,000 barrels of strategic oil reserves between March and June, with more sales to follow in a bid to curb rising prices. Japan’s…
Japan’s PM Kishida Defies Criticism to Deliver $316 Billion Economic Package
(Bloomberg) Japanese prime minister Fumio Kishida delivered the 36 trillion yen or $316 billion in economic recovery package on Friday, the biggest funding in the country’s history. The economic package…
Japan’s Stocks Best-Performers as GPIF Hits a Record 194.1T Yen in Assets
(Bloomberg) Japan’s Government Pension Investment Fund has returned 1.8 trillion yen or $17 billion in the sixth straight quarter of gains, taking its total assets to a record $194.1 trillion…
Japan’s Manufacturing Settles to a Softer Expansion as PMI Slides to 51.5
(IHS Markit) Japan’s manufacturing PMI was 51.5 in September, a record low since February, down from 52.7 in August as the sector slowed down for the second straight time. Fig.…
Japan Banks on Covid-19 Recoveries to Upgrade Q2 Growth to 1.9%
(Cabinet Office) Japan’s gross domestic product grew at an annual rate of 1.9% in the second quarter, a higher estimate than the previous 1.3% increase. The revised growth estimate is…
Japan’s PM Yoshihide Suga Will Not Seek for Reelection
(Bloomberg) Japanese Prime Minister Yoshihide Suga unveiled plans to step down from his post weeks before the general election, following the surge in the country’s COVID-19 cases. Suga said he…
Japan’s PM Candidate Kishida Calls for Trillions of Yen Stimulus
(Reuters) Fumio Kishida, a candidate running for Japan’s prime minister position in the next election, has called for an economic stimulus running into tens of trillion yen. Kishida’s proposal includes…
Japan’s GDP Exceeds Estimates to Grow by 0.3% QoQ in the Second Quarter
(Cabinet Office) The gross domestic product of Japan exceeded a market expectation of 0.2% growth in posting a quarter over quarter expansion of 0.3%. On an annualized basis, Japan’s economy…