The Bank of Japan will likely find it easier to make its inflation target less binding if recent scandals throw Prime Minister Shinzo Abe from power, according to Takahide Kiuchi, a former board member at the central bank. "If the unusually strong administration changes, the ...
Billionaire Masayoshi Son's plan to list his cash-cow telecom business is raising concern among observers that the company might stop guaranteeing the debt of its parent, SoftBank Group Corp., worsening the quality of its credit. The mobile division SoftBank Corp. assures payments to investors on ...
Star Mica Co., a Tokyo-listed real-estate company founded by an ex-Goldman Sachs Group Inc. banker, plans to double returns from apartments, using Airbnb to house foreign tourists. The company owns about 2,500 apartments mostly in Tokyo, and is considering renting some of them to overseas ...
Sharp Corp. forked over some of its equity to banks last week after defaulting on debt to the lenders, winning a new lease on life that leaves it dependent on their goodwill and the support of Apple Inc., its biggest customer. Mizuho Financial Group Inc. ...
An accounting probe of Toshiba Corp.'s infrastructure and energy projects caused its default risk to jump the most in Japan, just as the creditworthiness of Sharp Corp. and Sony Corp. had been improving. The cost to insure Toshiba debt against nonpayment surged 80 basis points ...
The departures of Tokyo-based loan executives from Citigroup Inc. and General Electric Capital Corp. highlight the retreat of foreign banks from the nation's lending market. Nobuhiko Ito, head of acquisition finance and syndicated lending at Citigroup, and Masahiko Horiba, an executive director in GE Capital's ...
Nomura Holdings Inc. says the probability that Prime Minister Shinzo Abe's economic policies will end badly is increasing. The worst-case scenario for Toshihiro Uomoto, the company's chief credit strategist, to the end of 2017: the economy contracts in the first half of 2016, Abe delays ...
When an 18-meter tsunami demolished his soy sauce factories in 2011 and killed an employee, Michihiro Kono despaired about the future of the company his family founded two centuries ago. Three years later, his plants are running again and sales have recovered to about 70 ...
The bond risk of ANA Holdings Inc. rose the most of any company in Japan as the spread of Ebola to two health workers in the U.S. rekindled memories of the severe acute respiratory syndrome (SARS) epidemic in 2002 and 2003. The cost to insure ...
Japanese companies from NTT Docomo Inc. to Honda Motor Co. are putting the brakes on spending as they pile up cash, showing the challenge Prime Minister Shinzo Abe's new Cabinet faces in reviving the economy. Capital expenditure growth by nonfinancial companies will slow on aggregate ...
