Japan’s government pension fund overhauled its investment committee, adding three members of a state panel that urged it to cut bonds, as the balance of power shifts at the world’s biggest manager of retirement savings.
Seibu Holdings Inc. President Takashi Goto is seeking to relist Japan’s biggest hotel chain after a nearly 10-year hiatus. Now he needs to court investors made wary by two other recent IPOs that flopped.
Less than 9 percent of Japanese household assets are invested in the stock market even after the biggest gain in four decades for the Nikkei 225 Stock Average. To Shinji Harada, that smells like opportunity.
As Yuka Takeda sat down with members of Kazakhstan’s government earlier this year in the capital, Astana, to discuss poverty levels, the Japanese economist noticed a stark contrast with her experience back home.
Nomura Holdings Inc. was fined 300 million yen ($3.8 million), the biggest penalty by the Japan Securities Dealers Association against any firm in 12 years, after employees leaked information on clients’ plans.
The Tokyo Stock Exchange is looking to come up with new rules by the end of the year urging Japanese companies to respond to rumors and speculation in a concrete manner to address complaints from overseas investors.
Joan Fontaine, who won an Academy Award for best actress in director Alfred Hitchcock’s 1941 movie “Suspicion,” fanning a lifelong feud by beating her sister, Olivia de Havilland, for the honor, has died. She was 96.