Didi-SoftBank taxi-hailing joint venture expands to 13 cities across Japan

Didi Mobility Japan, a joint venture (JV) by China’s Didi Chuxing and SoftBank Corp, said it would expand its taxi-hailing service to 13 cities across Japan. It is expanding into Tokyo and Kyoto from Wednesday, with a further 10 locations to follow in the current financial year. Despite SoftBank’s oversized presence in the global ride-hailing industry, such services are effectively banned in Japan, leaving SoftBank portfolio companies like Didi and Uber limited to offering services that match ta


Didi Mobility Japan, a joint venture (JV) by China’s Didi Chuxing and SoftBank Corp, said it would expand its taxi-hailing service to 13 cities across Japan. It is expanding into Tokyo and Kyoto from Wednesday, with a further 10 locations to follow in the current financial year. Despite SoftBank’s oversized presence in the global ride-hailing industry, such services are effectively banned in Japan, leaving SoftBank portfolio companies like Didi and Uber limited to offering services that match ta
Didi-SoftBank taxi-hailing joint venture expands to 13 cities across Japan Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: kiyoshi ota, bloomberg, getty images
Keywords: news, cnbc, companies, app, softbank, expands, taxihailing, services, didisoftbank, venture, japan, joint, cities, softbanks, didi, companies, service, portfolio, 13


Didi-SoftBank taxi-hailing joint venture expands to 13 cities across Japan

Didi Mobility Japan, a joint venture (JV) by China’s Didi Chuxing and SoftBank Corp, said it would expand its taxi-hailing service to 13 cities across Japan.

The app was first rolled out in September in Osaka, a popular destination for Chinese tourists, where it has tied up with 40 taxi firms in an increasingly crowded market for such apps that includes rivals backed by Sony and Toyota Motor.

It is expanding into Tokyo and Kyoto from Wednesday, with a further 10 locations to follow in the current financial year.

Despite SoftBank’s oversized presence in the global ride-hailing industry, such services are effectively banned in Japan, leaving SoftBank portfolio companies like Didi and Uber limited to offering services that match taxis with customers.

Didi is among a growing number of SoftBank Group Corp-backed companies launching JVs with SoftBank’s domestic telco.

Other startups doing so are shared co-working firm WeWork Cos and Indian hotel startup OYO.

As part of SoftBank’s efforts to drive synergies between its portfolio companies users will be able to access the taxi-hailing service through Yahoo Japan’s route-finding app and pay via PayPay, an app that uses tech from India’s Paytm.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: kiyoshi ota, bloomberg, getty images
Keywords: news, cnbc, companies, app, softbank, expands, taxihailing, services, didisoftbank, venture, japan, joint, cities, softbanks, didi, companies, service, portfolio, 13


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Why the Japanese don’t buy American cars

But industry observers chalk the admittedly glaring disparity up to the unique characteristics of the Japanese auto market: American firms don’t really make cars that suit Japanese tastes, Americans have not invested in a dealership presence in the country, and many Japanese consumers have a persistent, if outdated, idea that American vehicles are unreliable and inefficient. Roughly 40 percent of the cars sold in Japan are a special class of extra small cars call Kei cars. Although U.S. autos ar


But industry observers chalk the admittedly glaring disparity up to the unique characteristics of the Japanese auto market: American firms don’t really make cars that suit Japanese tastes, Americans have not invested in a dealership presence in the country, and many Japanese consumers have a persistent, if outdated, idea that American vehicles are unreliable and inefficient. Roughly 40 percent of the cars sold in Japan are a special class of extra small cars call Kei cars. Although U.S. autos ar
Why the Japanese don’t buy American cars Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: robert ferris
Keywords: news, cnbc, companies, japan, japanese, jeep, cars, small, market, dont, american, sold, vehicles, brands, buy


Why the Japanese don't buy American cars

You stand very little chance of seeing an American car on a Japanese road, but if you do, there is a good chance it is a Jeep Wrangler.

While Japanese brands fill U.S. roads and parking lots, American automakers have all but given up on selling cars in Japan — despite the fact that it remains the world’s third-largest car market.

President Donald Trump has called it unfair, as has the American Automotive Policy Council, which represents the three big U.S. auto manufacturers: General Motors, Ford and Fiat Chrysler.

But industry observers chalk the admittedly glaring disparity up to the unique characteristics of the Japanese auto market: American firms don’t really make cars that suit Japanese tastes, Americans have not invested in a dealership presence in the country, and many Japanese consumers have a persistent, if outdated, idea that American vehicles are unreliable and inefficient.

Roughly 40 percent of the cars sold in Japan are a special class of extra small cars call Kei cars. Nearly all of those are sold by Japanese brands, such as Suzuki and Daihatsu. Japan is a crowded country, and drivers like the convenience and efficiency of small vehicles that are easy to maneuver on narrow streets or fit into tight parking spaces.

“In Japan, there is a different market and different consumer,” said Kristin Dziczek, vice president of industry, labor & economics at the Center for Automotive Research. Although U.S. autos aren’t taxed going into Japan, American cars aren’t made for Japanese consumers. “We are giving them our off-cast, things we make for the North American consumer that we hope we can then sell in other markets.”

Japanese automakers are so adept at serving their home turf that about 95 percent of the cars on Japanese roads are Japanese makes. Imports make up the balance, and most of those are European luxury vehicles or sports cars.

Mercedes-Benz, BMW and Volkswagen, including Audi, all sell tens of thousands of cars in Japan each year. While that is still a pretty small number compared with the overall local market and other major markets, it isn’t nothing, said Tokyo-based CLSA analyst Christopher Richter.

American carmakers “don’t really try,” Richter said. Ford left Japan entirely in 2017. GM sold only about 700 cars there in 2018.

The trouble for American brands is that it is tough to compete against comparable Japanese vehicles without differentiating themselves in some way, he said.

That is perhaps what accounts for the popularity of Fiat Chrysler’s Jeep brand. Almost invariably, the Jeeps that Richter sees in Japan are Wranglers, which is the model perhaps most emblematic of the brand and the rugged, outdoor American lifestyle it symbolizes. The Jeep brand has a strikingly strong image abroad, said Rebecca Lindland, an independent auto analyst.

“If you think about some of the most powerful, well respected, and well-liked brands in that world, I would say Jeep is a dark horse in that race,” she said.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: robert ferris
Keywords: news, cnbc, companies, japan, japanese, jeep, cars, small, market, dont, american, sold, vehicles, brands, buy


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China eyeing Trump’s late May Japan trip for potential Xi summit

One trip in particular that’s risen to the top of the list: Trump’s expected visit to Japan at the end of May, putting him in the Asia-Pacific region around the time negotiations are expected to conclude. An administration official acknowledged holding the summit in Asia is China’s preference, though it remains unclear where the final location will be. Trump has said the summit could happen on either continent and that he expects a resolution by the end of May. The two sides have been discussing


One trip in particular that’s risen to the top of the list: Trump’s expected visit to Japan at the end of May, putting him in the Asia-Pacific region around the time negotiations are expected to conclude. An administration official acknowledged holding the summit in Asia is China’s preference, though it remains unclear where the final location will be. Trump has said the summit could happen on either continent and that he expects a resolution by the end of May. The two sides have been discussing
China eyeing Trump’s late May Japan trip for potential Xi summit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: kayla tausche
Keywords: news, cnbc, companies, president, trump, potential, negotiations, xi, china, visit, trip, late, end, trumps, japan, eyeing, summit


China eyeing Trump's late May Japan trip for potential Xi summit

As the U.S. and China work through the final stages of trade negotiations, Chinese officials are identifying international travel dates on President Donald Trump’s calendar that might offer potential for a summit off of U.S. soil, according to three sources briefed on negotiations.

One trip in particular that’s risen to the top of the list: Trump’s expected visit to Japan at the end of May, putting him in the Asia-Pacific region around the time negotiations are expected to conclude.

Neither the White House nor the Embassy of Japan would confirm the trip, in which Trump would be the first foreign leader received by Crown Prince Naruhito after he accedes to the throne on May 1.

But the three sources briefed on the negotiations, requesting anonymity to protect their relationships with the Trump administration, said it’s one option being considered. An administration official acknowledged holding the summit in Asia is China’s preference, though it remains unclear where the final location will be. Trump has said the summit could happen on either continent and that he expects a resolution by the end of May.

“I would say we’ll know over the next four weeks,” Trump told reporters gathered in the Oval Office on April 5 for an event with the Chinese vice premier. “It may take two weeks after that to get it papered, but over the next fairly short period of time, we’re going to know.”

While that timeline would put the target end date right around Trump’s trip to Japan, Treasury Secretary Steven Mnuchin said talks would not be bound by an “arbitrary timeline,” and the South China Morning Post threw cold water on a deal being done by then.

Erin Ennis, senior vice president at the US-China Business Council, suggested a later June meeting – perhaps on the sidelines of the G20 at the end of the month – would be more feasible.

“It seems like both sides want to have the deal completed first before they’re willing to discuss when and where a summit would happen,” Ennis told CNBC.

In late January, China initially invited Pres. Trump to meet Pres. Xi on the island of Hainan in the South China Sea. The White House countered with Mar-a-Lago, one venue that still remains under consideration. But China has also suggested that if its president were to travel to the U.S. solely to announce a trade agreement, it would need to be in the form of an official state visit. The two sides have been discussing a potential state visit by Xi since 2018.

The May 26-28 trip was previously reported by the Japan Times.


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: kayla tausche
Keywords: news, cnbc, companies, president, trump, potential, negotiations, xi, china, visit, trip, late, end, trumps, japan, eyeing, summit


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Bank of Japan chief: Trade is the biggest risk to the global economy

Increasing trade protectionism around the globe is the biggest threat to global economic growth, Bank of Japan Governor Haruhiko Kuroda says. “There [is] some sort of protectionism” around global trade, Kuroda told CNBC’s Sara Eisen in an interview that aired Monday. “That is I think most serious risk involved in the global economy.” Investors have been fretting over the possibility of a protracted trade war as it could hinder future corporate profits. “By the way, [the] IMF world economic outlo


Increasing trade protectionism around the globe is the biggest threat to global economic growth, Bank of Japan Governor Haruhiko Kuroda says. “There [is] some sort of protectionism” around global trade, Kuroda told CNBC’s Sara Eisen in an interview that aired Monday. “That is I think most serious risk involved in the global economy.” Investors have been fretting over the possibility of a protracted trade war as it could hinder future corporate profits. “By the way, [the] IMF world economic outlo
Bank of Japan chief: Trade is the biggest risk to the global economy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: fred imbert, jiji press, afp, getty images
Keywords: news, cnbc, companies, uschina, protectionism, japan, sides, 2019, war, chief, risk, policy, bank, trade, economic, biggest, global, kuroda, economy


Bank of Japan chief: Trade is the biggest risk to the global economy

Increasing trade protectionism around the globe is the biggest threat to global economic growth, Bank of Japan Governor Haruhiko Kuroda says.

“There [is] some sort of protectionism” around global trade, Kuroda told CNBC’s Sara Eisen in an interview that aired Monday. “That is I think most serious risk involved in the global economy.”

Kuroda’s comments come as China and the U.S. try to strike a trade deal that would end an ongoing tariff war. The two sides appear to be closing in on a deal.

The Chinese made unprecedented proposals on forced technology transfers, a sticking point in the negotiations, Reuters reported earlier. Treasury Secretary Steven Mnuchin also said on Sunday the U.S. is open to facing penalties if it doesn’t comply with an agreed-upon trade deal. However, Mnuchin also said Monday the two sides still have lots of work ahead of them.

Investors have been fretting over the possibility of a protracted trade war as it could hinder future corporate profits. The International Monetary Fund also cut its economic growth forecast for 2019 to 3.3% from 3.5%, with trade among the risks cited.

“By the way, [the] IMF world economic outlook main scenario does assume the U.S.-China trade conflict will not worsen,” Kuroda said. If it worsens, it could lead to a different outlook for the global economy.

Still, Kuroda said the Chinese economy is “likely to recover in the second half” of 2019, highlighting the “huge fiscal stimulus measures the government has already decided.”

Global equities have been on a tear lately, with the iShares MSCI ACWI ETF surging more than 15% in 2019. On top of getting a boost from the perceived progress in U.S.-China trade talks, stocks have benefited from a pivot away from tighter monetary policy from the major central banks.

But Kuroda said there may be more room for central-bank easing, although he added that looser policy is note needed right now.

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: fred imbert, jiji press, afp, getty images
Keywords: news, cnbc, companies, uschina, protectionism, japan, sides, 2019, war, chief, risk, policy, bank, trade, economic, biggest, global, kuroda, economy


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Asia stocks mixed as investors digest better-than-expected US jobs data

Asia Pacific markets were mixed on Monday as investors digested better-than-expected jobs data in the U.S. and reports of progress in trade negotiations between Washington and Beijing. The broad MSCI Asia-ex Japan index made marginal gains to 540.10, as of 3:24 p.m. HK/SIN. Korean Air Lines said on Monday that its chairman, Cho Yang-ho, passed away — weeks after he was ousted from the Korean Air board. Shares of Korean Air Lines and Hanjin Transportation — where Cho also served as chairman — jum


Asia Pacific markets were mixed on Monday as investors digested better-than-expected jobs data in the U.S. and reports of progress in trade negotiations between Washington and Beijing. The broad MSCI Asia-ex Japan index made marginal gains to 540.10, as of 3:24 p.m. HK/SIN. Korean Air Lines said on Monday that its chairman, Cho Yang-ho, passed away — weeks after he was ousted from the Korean Air board. Shares of Korean Air Lines and Hanjin Transportation — where Cho also served as chairman — jum
Asia stocks mixed as investors digest better-than-expected US jobs data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: eustance huang, saheli roy choudhury
Keywords: news, cnbc, companies, digest, investors, air, index, cho, stocks, asia, higher, mixed, betterthanexpected, korean, chairman, lines, shenzhen, jobs, data, hanjin, japan


Asia stocks mixed as investors digest better-than-expected US jobs data

Asia Pacific markets were mixed on Monday as investors digested better-than-expected jobs data in the U.S. and reports of progress in trade negotiations between Washington and Beijing.

The broad MSCI Asia-ex Japan index made marginal gains to 540.10, as of 3:24 p.m. HK/SIN.

Mainland Chinese stocks were mostly lower on the day, with the Shanghai composite declining slightly to 3,244.81 and the Shenzhen composite falling 0.551% to 1,770.20. The Shenzhen component, on the other hand, was 0.11% higher at 10,351.86.

Meanwhile, Hong Kong’s Hang Seng index gained 0.32% in its final hour of trading.

In Japan, the Nikkei 225 slipped 0.21% to close at 21,761.65 as index heavyweight Fanuc declined 0.74%. The Topix also shed 0.35% to finish at 1,620.14.

Over in South Korea, the Kospi closed fractionally higher at 2,210.60.

Korean Air Lines said on Monday that its chairman, Cho Yang-ho, passed away — weeks after he was ousted from the Korean Air board. The carrier has been hit in recent years by a series of scandals involving its founding family members, culminating in the indictment of Cho last year on charges of embezzlement and breach of trust. Cho had denied the charges against him.

Shares of Korean Air Lines and Hanjin Transportation — where Cho also served as chairman — jumped 1.88% and 15.12%, respectively. Hanjin KAL, the holding company for the Hanjin Group conglomerate where Cho was chairman, saw gains of 20.63%.

Australia’s ASX 200 advanced 0.65% to close at 6,221.40 as almost all sectors gained.


Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: eustance huang, saheli roy choudhury
Keywords: news, cnbc, companies, digest, investors, air, index, cho, stocks, asia, higher, mixed, betterthanexpected, korean, chairman, lines, shenzhen, jobs, data, hanjin, japan


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This Japanese longevity expert lived to 105 — here’s what he ate every day

Longevity expert Dr. Shigeaki Hinohara lived to be 105 years old. Hinohara, former chairman emeritus of Tokyo’s St. Luke’s International University and former honorary president of St. Luke’s International Hospital, was perhaps best known for his book, “Living Long, Living Good.” There was at least one routine he had, however — Hinohara generally ate the same thing every day. “Olive oil is great for the arteries and keeps my skin healthy,” he told The Japan Times. “All people who live long — reg


Longevity expert Dr. Shigeaki Hinohara lived to be 105 years old. Hinohara, former chairman emeritus of Tokyo’s St. Luke’s International University and former honorary president of St. Luke’s International Hospital, was perhaps best known for his book, “Living Long, Living Good.” There was at least one routine he had, however — Hinohara generally ate the same thing every day. “Olive oil is great for the arteries and keeps my skin healthy,” he told The Japan Times. “All people who live long — reg
This Japanese longevity expert lived to 105 — here’s what he ate every day Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: catherine clifford, kyodo
Keywords: news, cnbc, companies, japanese, living, st, week, longevity, told, work, heres, 105, day, lived, ate, japan, hinohara, expert, long, thing


This Japanese longevity expert lived to 105 — here's what he ate every day

Longevity expert Dr. Shigeaki Hinohara lived to be 105 years old.

Hinohara, former chairman emeritus of Tokyo’s St. Luke’s International University and former honorary president of St. Luke’s International Hospital, was perhaps best known for his book, “Living Long, Living Good.”

But Hinohara’s own longevity wasn’t due to strict or rigid regimens.

“It’s best not to tire the body with too many rules such as lunchtime and bedtime,” Hinohara said in a 2009 interview with The Japan Times.

There was at least one routine he had, however — Hinohara generally ate the same thing every day.

For breakfast he drank coffee, a glass of milk and some orange juice with a tablespoon of olive oil in it. “Olive oil is great for the arteries and keeps my skin healthy,” he told The Japan Times.

His lunch was perhaps surprising, as it often consisted of milk and a few cookies or “nothing when I am too busy to eat.”

Dinner was “veggies, a bit of fish and rice, and twice a week 100 grams of lean meat,” Hinohara said.

The doctor believed keeping your weight in check is critical to living a long life.

“All people who live long — regardless of nationality, race or gender — share one thing in common: None are overweight,” Hinohara said.

Though Hinohara didn’t seem to eat much, he said he never got hungry because he was focused on his work, which also may have been a secret to his longevity.

“There is no need to ever retire, but if one must, it should be a lot later than 65,” Hinohara said.

First work for your family and to achieve your goals, “until one is 60 years old,” he said. Then “in our later years, we should strive to contribute to society.”

From the age of 65, Hinohara worked 18-hour days, seven days a week as a volunteer and “love[d] every minute of it,” he told The Japan Times in 2009. In fact, he volunteered until the last few months before his death on July 18, 2017, according to The New York Times.

See also:

Japanese doctor and longevity expert who lived until 105: Don’t retire

Iris Apfel: 10 life lessons from a 96-year-old who is probably cooler than you

95-year-old fashion icon Iris Apfel says hard work is her fountain of youth


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: catherine clifford, kyodo
Keywords: news, cnbc, companies, japanese, living, st, week, longevity, told, work, heres, 105, day, lived, ate, japan, hinohara, expert, long, thing


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A ‘Japanization’ of monetary policy in Europe might not be such a bad thing, Nomura’s Koo says

Europe is so worried about ‘Japanization,’ economist says 9 Hours Ago | 04:07European officials should not worry about following in the footsteps of the Bank of Japan (BOJ) when it comes to monetary policy, according to the chief economist of Nomura Research Institute. His comments come shortly after the European Central Bank (ECB) announced it would put off plans to “normalize” policy, fearing a sharp slowdown in economic growth over the coming months. The move has prompted concern among some m


Europe is so worried about ‘Japanization,’ economist says 9 Hours Ago | 04:07European officials should not worry about following in the footsteps of the Bank of Japan (BOJ) when it comes to monetary policy, according to the chief economist of Nomura Research Institute. His comments come shortly after the European Central Bank (ECB) announced it would put off plans to “normalize” policy, fearing a sharp slowdown in economic growth over the coming months. The move has prompted concern among some m
A ‘Japanization’ of monetary policy in Europe might not be such a bad thing, Nomura’s Koo says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: sam meredith, alex kraus, bloomberg via getty images
Keywords: news, cnbc, companies, nomuras, monetary, economist, japanization, worse, growth, europe, koo, bank, worried, policy, european, japan, bad, ecb, thing


A 'Japanization' of monetary policy in Europe might not be such a bad thing, Nomura's Koo says

Europe is so worried about ‘Japanization,’ economist says 9 Hours Ago | 04:07

European officials should not worry about following in the footsteps of the Bank of Japan (BOJ) when it comes to monetary policy, according to the chief economist of Nomura Research Institute.

His comments come shortly after the European Central Bank (ECB) announced it would put off plans to “normalize” policy, fearing a sharp slowdown in economic growth over the coming months.

Instead, the ECB said it would aim to provide banks with even more liquidity and delay a planned interest hike until 2020.

The move has prompted concern among some market participants, with Europe’s central bank potentially set to mirror steps taken by the BOJ.

Speaking to CNBC’s Steve Sedgwick at the Ambrosetti Workshop in Italy on Friday, Nomura’s Richard Koo said European policymakers were “so worried about ‘Japanization.'”

They fear they are going to have “very slow growth, deflation and things (will) just get worse and worse and worse,” Koo said, before adding: “Those of us sitting in Japan actually weren’t faring all that badly.”


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: sam meredith, alex kraus, bloomberg via getty images
Keywords: news, cnbc, companies, nomuras, monetary, economist, japanization, worse, growth, europe, koo, bank, worried, policy, european, japan, bad, ecb, thing


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Stocks in Asia jump following better-than-expected Chinese economic data

Major markets in Asia surged on Monday following data released over the weekend that showed economic activity in China unexpectedly bouncing back in March. Mainland Chinese shares soared on the day, with the Shanghai composite up 2.58 percent to 3,170.36, while the Shenzhen component surged about 3.64 percent to 10,267.70. Both the private Caixin/Markit Manufacturing Purchasing Managers’ Index and China’s official Purchasing Managers’ Index (PMI) expanded unexpectedly in March, surprising analys


Major markets in Asia surged on Monday following data released over the weekend that showed economic activity in China unexpectedly bouncing back in March. Mainland Chinese shares soared on the day, with the Shanghai composite up 2.58 percent to 3,170.36, while the Shenzhen component surged about 3.64 percent to 10,267.70. Both the private Caixin/Markit Manufacturing Purchasing Managers’ Index and China’s official Purchasing Managers’ Index (PMI) expanded unexpectedly in March, surprising analys
Stocks in Asia jump following better-than-expected Chinese economic data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: eustance huang, weizhen tan
Keywords: news, cnbc, companies, stock, saw, shares, japan, bank, unexpectedly, surged, data, chinese, stocks, asia, index, following, released, jump, shenzhen, betterthanexpected, economic


Stocks in Asia jump following better-than-expected Chinese economic data

Major markets in Asia surged on Monday following data released over the weekend that showed economic activity in China unexpectedly bouncing back in March.

Mainland Chinese shares soared on the day, with the Shanghai composite up 2.58 percent to 3,170.36, while the Shenzhen component surged about 3.64 percent to 10,267.70. The Shenzhen composite jumped 3.571 percent to 1,755.67.

Over in Hong Kong, the Hang Seng index was up 1.66 percent in its final hour of trading.

Both the private Caixin/Markit Manufacturing Purchasing Managers’ Index and China’s official Purchasing Managers’ Index (PMI) expanded unexpectedly in March, surprising analysts.

MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.94 percent, as of 3:18 p.m. HK/SIN

The Nikkei 225 in Japan jumped 1.43 percent to close at 21,509.03 as shares of index heavyweights Fast Retailing, Softbank Group and Fanuc all advanced. The Topix index also gained 1.52 percent to finish at 1,615.81.

Apple supplier Japan Display saw its stock surge 10.14 percent after the embattled company said it aimed to reach a financing agreement this week that would lead to a 60 to 80 billion yen (approx. $540 to $720 million) stock and bond issuance. Previous reports in January had suggested that Japan Display — suffering the impact of disappointing sales for Apple’s iPhone XR — was in advanced talks with an investor group from Taiwan and China to bail out the company.

The closely watched “tankan” survey by the Bank of Japan, released on Monday, had shown worsening business confidence among the country’s big manufacturers in the first quarter.

“The large manufacturing weakness is probably worrying for (the Bank of Japan) … in the sense that the economy isn’t picking up as quickly as perhaps as had been anticipated but the bigger issue … is not the economy,” Mitul Kotecha, senior emerging markets strategist at TD Securities, told CNBC’s “Squawk Box” on Monday.

Instead, Kotecha said inflation continues to be a bugbear for the Japanese central bank, where its target rate of 2 percent remains ever elusive.

Over in South Korea, the Kospi added 1.29 percent to finish at 2,168.28 as chipmaker SK Hynix saw its stock jump 3.23 percent.

Meanwhile, Australia’s ASX 200 rose 0.59 percent to close at 6,217.00, with most sectors seeing gains.


Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: eustance huang, weizhen tan
Keywords: news, cnbc, companies, stock, saw, shares, japan, bank, unexpectedly, surged, data, chinese, stocks, asia, index, following, released, jump, shenzhen, betterthanexpected, economic


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Nissan executives allegedly orchestrated Carlos Ghosn’s arrest to kill merger with Renault

Theories that Nissan executives might have had a role in Ghosn’s arrest have abounded in the automotive world. Ghosn spent more than 100 days in jail in Japan for an array of alleged financial misdeeds before he was released on bail. He has been stripped of his roles at the Renault-Nissan-Mitsubishi alliance, which he had formerly chaired. Nissan was not immediately available for comment to CNBC, but company spokesman Nicholas Maxfield told the Journal that the motives of company executives is n


Theories that Nissan executives might have had a role in Ghosn’s arrest have abounded in the automotive world. Ghosn spent more than 100 days in jail in Japan for an array of alleged financial misdeeds before he was released on bail. He has been stripped of his roles at the Renault-Nissan-Mitsubishi alliance, which he had formerly chaired. Nissan was not immediately available for comment to CNBC, but company spokesman Nicholas Maxfield told the Journal that the motives of company executives is n
Nissan executives allegedly orchestrated Carlos Ghosn’s arrest to kill merger with Renault Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-28  Authors: robert ferris, takaaki iwabu, bloomberg, getty images
Keywords: news, cnbc, companies, arrest, kill, allegedly, carlos, renault, executives, company, merger, world, wall, unethical, turn, role, journal, japan, nissan, orchestrated, ghosns


Nissan executives allegedly orchestrated Carlos Ghosn's arrest to kill merger with Renault

Theories that Nissan executives might have had a role in Ghosn’s arrest have abounded in the automotive world. Ghosn had become something of a national hero in Japan for his role in helping to turn around Nissan, but many who follow the industry say the Japanese would have balked at the idea of a foreign automaker such as Renault owning such an important company in Japan.

Ghosn spent more than 100 days in jail in Japan for an array of alleged financial misdeeds before he was released on bail. He has been stripped of his roles at the Renault-Nissan-Mitsubishi alliance, which he had formerly chaired. If found guilty he could face up to 15 years in prison. He has denied the accusations.

Nissan was not immediately available for comment to CNBC, but company spokesman Nicholas Maxfield told the Journal that the motives of company executives is not relevant, and that Nissan found “substantial evidence of blatantly unethical conduct. The sole cause of this chain of events is the misconduct led by Ghosn.”

Read the full story in The Wall Street Journal.


Company: cnbc, Activity: cnbc, Date: 2019-03-28  Authors: robert ferris, takaaki iwabu, bloomberg, getty images
Keywords: news, cnbc, companies, arrest, kill, allegedly, carlos, renault, executives, company, merger, world, wall, unethical, turn, role, journal, japan, nissan, orchestrated, ghosns


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Stocks in Japan rebound following earlier tumble amid global growth worries

Stocks in Japan bounced back partially on Tuesday after the previous day’s heavy losses as concerns over the global economy weighed on investor sentiment. Following its Monday tumble, the Nikkei 225 rose 2.15 percent to close at 21,428.39, with shares of robot maker and index heavyweight Fanuc gaining 1.70 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan was fractionally higher at 522.41 as of 3:17 p.m. HK/SIN. In Hong Kong, the Hang Seng index slipped 0.19 percent in its fina


Stocks in Japan bounced back partially on Tuesday after the previous day’s heavy losses as concerns over the global economy weighed on investor sentiment. Following its Monday tumble, the Nikkei 225 rose 2.15 percent to close at 21,428.39, with shares of robot maker and index heavyweight Fanuc gaining 1.70 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan was fractionally higher at 522.41 as of 3:17 p.m. HK/SIN. In Hong Kong, the Hang Seng index slipped 0.19 percent in its fina
Stocks in Japan rebound following earlier tumble amid global growth worries Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: eustance huang
Keywords: news, cnbc, companies, trading, tumble, worries, shares, stock, rebound, lows, index, day, slipped, following, earlier, amid, rose, lynas, stocks, global, japan, shenzhen, growth


Stocks in Japan rebound following earlier tumble amid global growth worries

Stocks in Japan bounced back partially on Tuesday after the previous day’s heavy losses as concerns over the global economy weighed on investor sentiment.

Following its Monday tumble, the Nikkei 225 rose 2.15 percent to close at 21,428.39, with shares of robot maker and index heavyweight Fanuc gaining 1.70 percent. The Topix index also added 2.57 percent to end its trading day at 1,617.94..

Nintendo saw its stock surge 4.76 percent on the day following a Monday report by the Wall Street Journal that it is set to launch new models of its Switch video game console later this year.

MSCI’s broadest index of Asia-Pacific shares outside Japan was fractionally higher at 522.41 as of 3:17 p.m. HK/SIN.

Mainland Chinese shares closed lower, with the Shanghai composite slipping 1.51 percent to 2,997.10 and the Shenzhen component declining 1.94 percent to 9,513.00. The Shenzhen composite declined 2.176 percent to 1,639.94.

In Hong Kong, the Hang Seng index slipped 0.19 percent in its final hour of trading.

Over in South Korea, the Kospi closed 0.18 percent higher at 2,148.80. Shares of Samsung Electronics slipped 0.55 percent after the company issued a warning on its first-quarter earnings.

Meanwhile, shares in Australia rose as the ASX 200 rose fractionally to close at 6,130.60.

Stocks of Australian conglomerate Wesfarmers dropped 3.51 percent after the company announced a bid for embattled rare earths miner Lynas, whose own stock was earlier placed on a trading halt. For its part, Lynas shares skyrocketed 35.05 percent on the day following its return to trade.

The developments came as Lynas’ shares have dragged along near 18-month lows as it faces hurdles over environmental license in Malaysia where its chemicals plant is located, according to Reuters.

“Share markets are due a correction or pullback after rallying strongly since their December lows and worries about inverted yields curves and the growth outlook could provide the trigger,” Shane Oliver, head of investment strategy and chief economist at AMP Capital, said in a note.

Oliver did add, however, that “US and global recession still looks to be a fair way off and we continue to see this being a reasonably good year for shares.”


Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: eustance huang
Keywords: news, cnbc, companies, trading, tumble, worries, shares, stock, rebound, lows, index, day, slipped, following, earlier, amid, rose, lynas, stocks, global, japan, shenzhen, growth


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