Softbank posts $23.4 billion loss as market selloff spreads to tech stocks
... shredded valuations at its Vision Fund unit. A Japanese giant posted a $12 billion quarterly profit in August 2020, and the announcement came two years after it posted a $12 billion quarterly profit. Softbank s Vision Fund reported a loss of 2.93 trillion Japanese yen $21.68 billion during the quarter that ended in June. SoftBank reported an 820 billion yen foreign exchange loss due to the weaker Japanese Yen. The loss is the biggest in our corporate history, and we take it very seriously, according to Masayoshi ...
Updated: 08/08/2022
Japan investors buy foreign stocks in July
... Reserves. Japanese investors purchased heavily in foreign equities in July, as global stocks rebounded last month on the back of positive earnings and hopes of less aggressive monetary tightening measures from the U.S. Federal Reserves . In July, Japanese investors accumulated a net 1.85 trillion yen worth of overseas equity, the biggest since 2005, according to data from Japan's Ministry of Finance . The com gfx mkt znpnerzkyvl Japanese 20 investments 20 in 20 overseas 20 assets.jpg U.S. stocks gained 9.1 percent in the last month, as postive ...
Updated: 08/08/2022
Foreign investors snap up record amount of Japanese bonds
... a central bank policy tweak faded. Foreign investors snapped up a record amount of long-term Japanese bonds in July amid a global debt rally and as expectations for a central bank policy tweak faded. Overseas funds were net buyers of 5.06 trillion yen $37.4 billion of Japanese bonds -- mostly government securities -- more than the net sale of 4.1 trillion yen in June, which was the largest since 2020. The Bank of Japan stood by its policy of rock-bottom interest rates, a benchmark yield cap of 0.25% and unprecedented ...
Updated: 08/08/2022
Japan's insurers, pension funds sell record amounts of foreign bonds
... trillion yen $11.5 billion of the securities while trust banks, which are seen as proxies for pension funds, sold 865.8 billion yen of the notes, according to preliminary data from the Ministry of Finance . The sales amounts for both groups were the highest ... ... Research Institute in Tokyo. Trust banks are rebalancing as the drop in yields boosted the value of their foreign bond portfolios. Japanese investors net selling of foreign bonds, mostly US debt, extended to a new record sixth month. READ: World's largest pension ...
Updated: 08/08/2022
Japan bank lending rises 1.8% in July
..., as some companies borrowed more to meet rising raw material costs due to a surge in global commodity inflation. In July, Japanese bank lending increased by 1.8% from a year earlier in the year, as some companies borrowed more to meet rising raw material ... .... Outstanding loans held by the country's four main banks, including shinkin or credit unions, hit a record 588.232 trillion yen $4.36 trillion Bank of Japan BOJ data on Monday. A BOJ official told a press conference that the increase, after a revised ...
Updated: 08/08/2022
Stocks mostly fall after July jobs data
... Composite fell 63.03 points or 0.50 percent to 12,657. The Standard and Poor's 500 slipped 6.75 points or 0.16 percent to 4,145. The euro fell to 1.0162 at the New York close Friday, on the back of the jobs data. The British pound fell to 1.2028. The Japanese yen fell to 134.70. The Swiss franc fell to 0.9624. The Canadian dollar was lower at 1.2954. The Australian dollar dropped to 0.6888. German Dax fell by 0.65 percent on overseas equity markets. The Paris-based CAC 40 was down 0.63 percent. The FTSE 100 ...
Updated: 08/05/2022
Suzuki says demand not slowing at home, India
... about the world economy, the view of Masahiko Nagao , Suzuki 's senior managing executive, echoes the bullish outlook of other Japanese automakers. As of June, Suzuki had an order backlog of about 200,000 vehicles in Japan, according to Nagao , adding ... ... shortage hampered production, vehicle sales in Japan fell by 6.4 per cent. Suzuki kept its operating profit forecast of 195 billion yen $1.46 billion for the year to March 31, saying it was premature to change it at this point. The surge in global commodity ...
Updated: 08/05/2022
Asian markets becalmed as hot US inflation read worries
... weak CPI number wouldn't be enough to give markets confidence that the Fed will hold back. The benchmark 10 year yield dropped by about 2 basis points to 1.4626 percent in Asia hours after it touched a six-week low of 1.4150 percent overnight. The yen went to a one-month high because of the quiet of the currency markets on Tuesday and traders favoured safe havens. The Japanese currency held there on Wednesday at 112.84 per dollar and risk-sensitive currencies such as the Australian dollar under pressure, with the Aussie testing support at its 50 day moving average of $0.7374. According to Chris Weston, head of research ...
Updated: 08/05/2022
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