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Didi Chuxing Japan service singapore Tech Top News 

Chinese bicycle-sharing startup Mobike expands into Japan

June 22, 2017 SHANGHAI (Reuters) – Chinese bicycle-sharing startup Mobike has set up a subsidiary in Fukuoka city in northern Japan and plans to begin service later this year, it said on Thursday. The move into one of Japan’s largest cities marks the latest overseas venture for the firm, which has already launched services in Singapore and the UK. The company has operations in around 100 Chinese cities and has raised over $900 million since October. “The company is committed to providing smart bike-share services in collaboration with local governments…

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AOMORI Economy Japan rates Top News United States 

BOJ’s Iwata sees no need to raise rates now as economy needs support

June 22, 2017 By Leika Kihara AOMORI, Japan (Reuters) – Bank of Japan Deputy Governor Kikuo Iwata on Thursday dismissed the need to raise interest rates any time soon, stressing that the economy still needs support from “powerful” monetary easing with inflation distant from the central bank’s 2 percent target. Japan’s low inflation expectations mean its short-term real interest rate, which is calculated by subtracting inflation expectations from nominal interest rates, remains higher than that of the United States, Iwata said. The BOJ must therefore maintain its massive stimulus program,…

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Japan month Nissan Motor Co Romania Tech Top News 

Honda halts Japan car plant after WannaCry virus hits computer network

June 21, 2017 TOKYO (Reuters) – Honda Motor Co said on Wednesday it halted production at a domestic vehicle plant for a day this week after finding the WannaCry ransomware that struck globally last month in its computer network. The automaker shut production on Monday at its Sayama plant, northwest of Tokyo, which produces models including the Accord sedan, Odyssey Minivan and Step Wagon compact multipurpose vehicle and has a daily output of around 1,000 vehicles. Honda discovered on Sunday that the virus had affected networks across Japan, North America,…

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Business Japan Makiko Yamazaki Tech Top News Western Digital Corp 

Toshiba to pick government-led Japan-U.S.-Korea group to buy chips unit-source

June 20, 2017 By Taro Fuse and Kentaro Hamada TOKYO (Reuters) – Embattled Toshiba Corp will pick a Japanese government-led group of Japanese, U.S. and South Korean firms and funds to buy the conglomerate’s semiconductor business, two people briefed on the matter said on Tuesday. The consortium, whose bid clears Toshiba’s 2 trillion yen ($18 billion) minimum, has been seen as one of the strongest suitors for the unit – the world’s No. 2 producer of NAND chips – as it would automatically have the government’s stamp of approval, other…

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Asia Business Eagle Ford Japan month 

Oil prices dip on further rise in U.S. drilling, demand slowdown

June 19, 2017 By Henning Gloystein SINGAPORE (Reuters) – Oil prices dipped on Monday, weighed down by a continuing expansion in U.S. drilling that has helped to maintain high global supplies despite an OPEC-led initiative to cut production to tighten the market. Signs of faltering demand have also prompted weakening sentiment, dropping prices to levels comparable to when the output cuts were first announced late last year. Brent crude futures were down 18 cents, or 0.4 percent, at $47.19 per barrel at 0659 GMT. U.S. West Texas Intermediate (WTI) crude…

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Business Fiat Chrysler Japan media report 

Fiat Chrysler denies report it has decided to pull Chrysler brand from Japan

June 19, 2017 TOKYO (Reuters) – Fiat Chrysler Automobiles denied it had decided to pull the plug on the Chrysler brand in Japan, after local media reported it was planning to stop selling the U.S. cars in the country as early as next year following years of poor sales. “Although FCA Japan has already announced its intention to concentrate its resources on the Jeep brand ahead, no decisions have been made regarding (the) Chrysler brand,” the automaker said in a statement on Monday. The Nikkei business daily reported that the…

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economic growth Economy increase Japan show Top News 

Japan’s May exports rise at fastest in two years, set to sustain growth

June 19, 2017 By Stanley White TOKYO (Reuters) – Japan’s exports surged in May by the fastest in more than two years on bigger shipments of cars and steel, an encouraging sign that robust overseas demand will support economic growth. The 14.9 percent annual increase in exports in May was below the median estimate for a 16.1 percent annual increase but was nonetheless the biggest rise since January 2015. Exports are likely to continue rising at a steady clip as overseas economies show increasing signs of strength, which should help…

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bank BOJ Economy Japan news Top News 

BOJ holds policy steady, upgrades view on consumption, global growth

June 16, 2017 By Leika Kihara TOKYO (Reuters) – The Bank of Japan kept monetary policy steady on Friday and upgraded its assessment of private consumption and overseas growth, signaling its confidence that an export-driven economic recovery was broadening and gaining momentum. But Governor Haruhiko Kuroda is likely to reassure markets the BOJ will still lag well behind the Federal Reserve in dialing back its massive stimulus program, with inflation far from reaching the BOJ’s 2 percent target, say sources familiar with its thinking. “Private consumption has shown increased resilience…

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Asia Business Japan rates Wall Street 

Asia stocks steady after Wall St tech rout, dollar holds gains

June 16, 2017 By Nichola Saminather SINGAPORE (Reuters) – Asian stocks were steady on Friday, appearing to take in stride the resumption of the U.S. technology rout overnight, while the dollar held near a two-week high after solid economic data backed the case for tighter U.S. monetary policy. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat, on track to end the week down 0.7 percent. Japan’s Nikkei jumped 0.5 percent, narrowing its loss for the week to 0.4 percent. Overnight, the Nasdaq led losses on Wall Street with…

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bank BOJ Economy Japan Top News YCC 

BOJ to keep policy steady, reassure markets stimulus exit still distant

June 14, 2017 By Leika Kihara TOKYO (Reuters) – The Bank of Japan is set to keep monetary settings unchanged on Friday and reassure markets it will lag way behind the Federal Reserve in dialing back its massive stimulus program, with inflation stubbornly low despite a strengthening economy. Governor Kuroda will also dispel market speculation the BOJ is engaging in “stealth tapering” by stressing that the recent slowdown in the bank’s bond buying is not intentional and simply the result of a stable bond market, say sources familiar with its…

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