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Japan’s Nikkei closes near flat levels amid hope for progress in trade talks

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“Risk assets got a bit of a jolt higher earlier and we have since seen the aussie and kiwi extend gains as we move towards European trading” reports forexlive.com. But if you want to look at it from another angle, it could also mean that plenty of the optimism from trade talks this week are already baked into markets; so risk assets may just have to rely on something else if they want to pull off a sustained rally over the next few weeks. There’s a hint of caution in…

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Japan’s Honda Motor third-quarter profit drops 40.2 percent, misses estimates

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“The Honda logo is seen on a Honda car at the New York Auto Show in New York Thomson Reuters TOKYO (Reuters) – Honda Motor Co Ltd on Friday reported a 40.2 percent drop in third-quarter operating profit despite posting higher vehicle sales during the period, missing market expectations” reports businessinsider.com. Japan’s third-biggest automaker posted profit of 170.1 billion yen ($1.56 billion) for October-December, from 284.5 billion yen in the same period a year earlier.The result compared with the 208.8 billion yen median of 10 analyst estimates compiled by Refinitiv.…

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Japan’s Nintendo books 36 percent profit jump, cuts Switch hardware forecast

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“Nintendo also cut its sales forecast for its 3DS device to 2.6 million units from 4 million previously” writes Min Read for reuters.com. At the same time, Nintendo smashed profit estimates for its October-December quarter and upgraded its Switch software forecast to 110 million units from 100 million previously, announcing that hit titles “Super Smash Bros. Source: reuters.com

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Japan’s Nintendo reports 36 percent jump in operating profit, beating expectations

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“Banners of Nintendo’s new game console Switch are pictured at its experience venue in Tokyo Thomson Reuters TOKYO (Reuters) – Japan’s Nintendo Co Ltd reported a 36 percent jump in quarterly operating profit on Thursday, beating market expectations, buoyed by strong software sales of its hybrid home-portable Switch device” reports businessinsider.com. The Kyoto-based gaming company said operating profit for the September-December period was 158.6 billion yen ($1.46 billion). Nintendo lowered its full-year Switch hardware sales forecast to 17 million units from 20 million previously but upgraded the software forecast to…

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Pact with U.S. lets Japan’s Haneda airport boost capacity ahead of Olympics

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“The agreement will go into effect before Tokyo hosts the summer Olympic Games in 2020, the ministry official said” writes Midwest Communications Inc for 95kqds.com. Deputy Chief Cabinet Secretary Kotaro Nogami told a news conference the United States and Japan had reached the agreement on opening up the airspace on Tuesday. Source: 95kqds.com

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Japan’s 10-day holiday stirs concern in traders and investors

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“To mark the ascension of Japan’s new emperor, the government has declared an unprecedented 10-day holiday from late April to early May, worrying investors, who say a market shutdown could cause disruption and unsettle the yen” writes unknown author for cnbc.com. “In 10 days, we can be in a completely different world,” said a currency trader at a major Japanese bank.U.S. financial markets closed for six days after the attacks on Sept. 11, 2001. Fund managers, meanwhile, say they will probably need to bring their positions to neutral by late…

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Japan’s ANA poised to order 18 Airbus A320neos: source

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“TOKYO (Reuters) – Japanese airline ANA Holdings Inc is set to order 18 Airbus SE A320neo jets, a source familiar with the matter said on Tuesday” writes Midwest Communications Inc for 95kqds.com. An announcement could be made later on Tuesday alongside the airline’s quarterly financial results, the source said on condition of anonymity, adding that a separate Boeing deal was also expected.The Airbus deal would be worth around $1.99 billion based on the European manufacturer’s list prices. Reuters earlier reported ANA was nearing a deal to purchase 30 Boeing Co…

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Japan’s ANA considers order of Boeing jets

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“TOKYO (Reuters) – Japan’s ANA Holdings confirmed on Tuesday that it was considering an order of Boeing Co jets, after Reuters earlier reported that it was close to buying 30 of the new 737 MAX jets in a deal worth $3.5 billion” writes Midwest Communications Inc for 95kqds.com. A deal would be the first sale in Japan for the newest version of Boeing’s best-selling 737 family. Source: 95kqds.com

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Boeing nears $3.5 billion 737 MAX jet deal with Japan’s ANA: sources

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“FILE PHOTO: Employees are pictured as the first Boeing 737 MAX 7 is unveiled in Renton Thomson Reuters SEATTLE (Reuters) – Boeing Co is close to a deal worth $3.5 billion at list prices to sell 30 Boeing 737 MAX jetliners to ANA Holdings, two people familiar with the matter said” reports businessinsider.com. ANA could not immediately be reached for comment on the proposed deal.It also coincides with negotiations between Washington and Tokyo over a potential trade pact, with Japan facing pressure from U.S. President Donald Trump’s administration to cut…

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