News 

Japanese hotel group Unizo gets six new buyout offers

“The multiple offers may further complicate the takeover saga surrounding the hotel operator, which is already in talks with two top global investment groups – Blackstone and Fortress Investment Group” writes Midwest Communications Inc for 95kqds.com. Unizo said it wanted any bidder to make an offer at 5,000 yen per share or more.Unizo said on Sunday it was asking Fortress to raise its bid price to 5,000 yen per share.Unizo in July became a target for a hostile bid by a Japanese travel agent H.I.S. Co . Source: 95kqds.com

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Brokers News 

Japanese broker Rakuten Securities to cut USD/JPY spread

“The spread will be cut from 0.3 sen to 0.2 sen (one sen equals one hundredth of a yen)” reports financefeeds.com. Shortly before that, another Japanese retail Forex broker – DMM FX, also announced reduction to the spread for USD/JPY. The broker said the spread is reduced from 0.3 sen to 0.2 sen.The company has implemented a USD/JPY spread reduction campaign which is poised to conclude on November 23, 2019.About a month ago, Japanese retail FX broker Monex Inc, a part of Monex Group, Inc. (TYO:8698), cut the spread on…

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News 

Dispute between Japan and South Korea overshadows G20 meetings

“Relations between Japan and South Korea, both U.S. allies, have been upended by a dispute over history that has spilled into trade and other areas” writes Midwest Communications Inc for 95kqds.com. South Korea has fired back by raising concern about contamination from the Fukushima nuclear plant, on Japan’s east coast.NAGOYA, Japan (Reuters) – Japan seized the last event of its G20 presidency on Friday to reject a South Korean warning about radiation from the ruined Fukushima nuclear plant as a dispute between the neighbors threatened to overshadow the meetings. Source: 95kqds.com

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Futures Markets News 

Why retirees might want to invest in negative-yielding bonds

“Foreign bonds constitute a distinct asset class with different risk and reward characteristics” writes Mark Hulbert for marketwatch.com. Should U.S. retirees invest in foreign government bonds?. Still, you can currently lock in a decent return with 5-year Japanese bonds.The strategy involves simultaneous transactions in the foreign currency market, foreign bond market, as well as the futures market, and one misstep could more than fritter away the extra gain associated with the strategy.Not bad, even considering the negative interest rate of Japanese bonds. Source: marketwatch.com

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News 

Activists hope Pope Francis will sway Japanese opinion on death penalty

“Most Japanese don’t think of the death penalty as a legal or human rights issue,” said Shinji Oguma, secretary-general of a group of Japanese lawmakers discussing the future of the death penalty” writes Midwest Communications Inc for 95kqds.com. Pope Francis, who will visit Japan from Nov. 23 to 26, said last year the death penalty is neither Christian nor humane.TOKYO (Reuters) – Japanese activists opposed to capital punishment hope the visit of Pope Francis this weekend will help to soften public opinion in a nation where most people still support…

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News 

Powerful typhoons scar Japanese non-life insurers’ earnings

“Some non-life insurers are considering raising insurance fees to make up for the cost” writes Midwest Communications Inc for 95kqds.com. Japan’s top three non-life insurers – MS&AD Insurance Group Holdings , Sompo Holdings and Tokio Marine Holdings – said on Tuesday that insurance payments for damages from two recent strong typhoons will reach a combined 868.8 billion yen ($8 billion).The scars of the powerful storms, as well as occasional earthquakes, have shed light on the vulnerability of corporate Japan to the fallout from huge natural disasters. Source: 95kqds.com

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News 

Japan hosts first fully-fledged arms show looking for an edge in tech

“Innovation is happening around the world and through an exchange of that Japan will be able to keep up,” he added” writes Midwest Communications Inc for 95kqds.com. China spends more than three times as much as Japan on defence, while recent North Korean advances threaten to make Japan’s new missile defences obsolete before they are deployed.Worried by increased Chinese military activity in the East China Sea and North Korea’s ballistic missile advances, Japan has increased defence spending over the past seven years to around $50 billion annually, purchasing advanced U.S.…

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News 

Japanese automaker Honda reports profit drop as sales slip

“Honda Motor Co. reported Friday its fiscal second quarter profit totaled 196.5 billion yen ($1.8 billion), down from 210.7 billion yen the previous year” writes The Associated Press for seattletimes.com. TOKYO (AP) — Honda recorded a 6.7% decline in July-September profit as vehicle and motorcycle sales slipped and an unfavorable exchange rate hurt earnings at the Japanese automaker.The Tokyo-based company lowered its full year profit forecast through March 2020, to 575 billion yen ($5.2 billion) from the 645 billion yen ($5.9 billion) given in August, and below the 610 billion…

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Crypto News 

MUFG to Lead 22-Member Consortium for Security Token Research

“Japanese financial giant Mitsubishi UFJ Financial Group (MUFG) joined hands with 21 other firms to set up a blockchain consortium for research and development of standards for security token management” writes Arnab Shome for financemagnates.com. Last month, six Japanese financial giants including Monex Group, Daiwa Securities Group, and SBI Securities team up to form a self-regulatory body for security token offerings (STO).Meanwhile, other major Japanese companies are also taking an interest in the security token industry.According to Coindesk, the consortium has appointed a digital securities management firm Securitize as its…

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News 

SoftBank posts $6.4bn loss after WeWork chaos and Uber woes

“The collapse of WeWork has hit the Japanese investment powerhouse hard, with its chair taking much of the blame” writes Colm Gorey for siliconrepublic.com. SoftBank’s reputation – and bank balance – is being hit hard, according to the Associated Press, with the Japanese investment giant posting its first quarterly loss in 14 years, totalling around $6.4bn.SoftBank’s founder, Masayoshi Son, admitted there were “mistaken investment moves” and that the negative pieces on WeWork were “true in some sense”. Source: siliconrepublic.com

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