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Japan wants Seoul’s political decision on forced labor row

“Japan maintains that all wartime compensation issues were settled by the 1965 treaty and that South Korean rulings violate international law” writes The Associated Press for seattletimes.com. South Korea says the treaty does not terminate individuals’ right to seek compensation for the inhumane experiences they were forced into.TOKYO (AP) — Japan’s top diplomat said Wednesday that South Korea’s government taking action to resolve a legal dispute stemming from South Korean court rulings on forced labor during Japanese colonial rule is emerging as a key diplomatic priority. Source: seattletimes.com Share This:

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Japan Inc heads abroad in biggest deal rush for 20 years

“Japanese companies have embarked on the biggest overseas acquisition spree in more than 20 years, echoing the deal boom of the 1980s as they race to buy growth to offset a shrinking domestic market and ageing workforce” writes Lina Saigol for marketwatch.com. That compares with an average 42% premium for similar deals paid by Chinese and US acquirers and 39% paid by European acquirers, according to data from Dealogic.Between 2010 and 2018, companies paid an average 49% more than the value ascribed to their acquired company by the stock market…

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Amid global market volatility, Japan could be one of the best bets in 2019

“Amid global market volatility and slowing growth that other economic giants are facing, Japan could be on a more sustainable path relative to the other countries, Shvets told CNBC on Tuesday” writes Chris Mcgrath for cnbc.com. Japan faces fewer micro and macro economic issues compared to the U.S., Europe and China — and might end up being one of the best bets in 2019, according to Viktor Shvets, the head of Asian strategy for Macquarie’s commodities and global markets team.Relative to the volatility around the world, “Japan is just calm,”…

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SoftBank Corp shares slide 10 percent on debut after record Japan IPO

“Following its $23.5 billion initial public offering, shares of the telecoms unit of SoftBank Group Corp fell as far as 1,344 yen five minutes into trade, or 10.4 percent lower than its IPO price of 1,500 yen” writes Midwest Communications Inc for 95kqds.com. TOKYO (Reuters) – SoftBank Corp shares slumped more than 10 percent in their debut on Wednesday, as investor appetite for Japan’s biggest ever IPO was hurt by a recent major service outage and worries over its exposure to Chinese telecom gear maker Huawei.At 9:27 a.m. (0027 GMT),…

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Japan protests Russian military build-up on island disputed since Second World War

“Meanwhile, Japan will upgrade two helicopter carriers so they can launch fighter jets, giving it the first aircraft carriers since the Second World War, according to a defence plan approved Tuesday” writes Stephen Harper for telegraph.co.uk. The defence ministry said by December 25 it would settle 188 soldiers and their families in four new military dormitories on the Kuril islands just north of Japan. Source: telegraph.co.uk Share This:

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SoftBank alum unveils ‘affectionate’ companion robot in Japan

“While Japan is already a leading manufacturer of industrial robots, Groove X is trying to expand the fledgling market for household robots” writes Midwest Communications Inc for 95kqds.com. TOKYO (Reuters) – Japanese startup Groove X, founded by an alumni of SoftBank Group Corp’s robotics unit, unveiled its first creation on Tuesday – a companion robot designed to make users happy.Hayashi worked on SoftBank’s humanoid Pepper robot, which can be found greeting customers in shops and restaurants across Japan but has been a flop with households three years after its launch.The…

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Japan to spend more on defense, refit 1st aircraft carrier

“Defense officials brushed off the criticism, saying Izumo will be a multifunctional warship used as aircraft carrier only when necessary for national defense” writes The Associated Press for seattletimes.com. The guidelines say Japan needs to beef up its air defense capability in the Pacific, while expanding surveillance in the area.Japan should aim for a unified, simultaneous “multi-dimensional and unified defense capability” that breaks away from the conventional concept of ground, maritime and air defense, the guidelines said. Source: seattletimes.com Share This:

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RightHand Robotics raises $23 million to grow its ecommerce solution in Europe and Japan

“RightHand Robotics today announced the close of a $23 million funding round to bring its services to customers in Europe and Japan and expand sales, engineering, and customer service divisions of the company” writes Khari Johnson for venturebeat.com. The funding will also be used to grow the RightHand Robotics product line further into industries like pharmaceuticals, groceries, and cosmetics. Source: venturebeat.com Share This:

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AUD Markets News 

Asian stocks poised for cautious trade on the back of weak sentiment

“South Korea’s Kospi was trading lower by about 0.15 percent” writes Eustance Huang for cnbc.com. Stocks in Asia were trading cautiously in morning trade on Monday following a report suggesting further turmoil for the markets in 2019, and after a Wall Street sell-off on Friday.The heavily-weighted financial subindex fell nearly 1 percent, with shares of Australia’s so-called Big Four banks seeing declines.Meanwhile, Australia’s ASX 200 was trading at around 0.03 percent higher, with the sectors in mixed territory. Source: cnbc.com Share This:

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