For years Japan’s major banks roamed overseas for returns, a strategy that has suffered this year. Their generous dividends remain, but they are the last point of attraction for the stocks.
Japan bank SMFG’s annual profit misses view, flags virus costs in current year
Sumitomo Mitsui Financial Group , Japan’s second largest lender by assets, reported on Friday a smaller than expected full-year net profit and flagged 450 billion yen ($4.20 billion) of credit …
England and Wales tours to Japan off as World Rugby postpones July Tests
World Rugby has called off the July tour matches in the southern hemisphere and is looking at rearranging them for October …
Japan’s Rakuten 5G Launch Delayed Due to Coronavirus
Japan’s Rakuten Inc said on Friday the launch of its 5G services planned for June has been delayed by three months due to disruption caused by the coronavirus outbreak. Software testing by Rakuten’s …
Fight The Power: Japan Teen Plans Lawsuit Over Gaming Advice
A Japanese teen is standing up for his right to play hours of video games, crowdfunding for a lawsuit to challenge local government guidelines on limiting video gaming by children. The 17-year-old, …
Japan bank Mizuho reports $416 million fourth-quarter profit versus year-ago loss
Mizuho Financial Group Inc reported on Friday a net profit of 44.6 billion yen ($416 million) in the fourth quarter compared to the Japanese bank’s net loss in the year-ago quarter.
Coronavirus: State of emergency lifted in most of Japan
“If possible, before 31 May, we would like to lift the state of emergency for the other regions as well,” Mr Abe said. Japan faced early criticism for its handling of a mass outbreak on the Diamond …
Indonesia reports 490 new coronavirus cases, 33 new deaths
Indonesia reported 490 new coronavirus infections and 33 new deaths, taking the total number of cases to 16,496 and deaths to 1,076, health ministry official Achmad Yurianto said on Friday.
Indonesia returns to trade deficit in April as imports, exports plummet
Indonesia’s imports in April shrank at the fastest pace in nearly five years, underlining weak domestic demand and as its export markets were disrupted by the coronavirus pandemic, trade data showed …
Indonesia’s Chronic Testing Lag Undermines Fight Against COVID-19
Health experts have urged Jakarta to rapidly increase its testing rate to determine the true spread of the virus across the Indonesian archipelago, saying that without sufficient …