Edition:
International

Makiko Yamazaki

Japan antitrust watchdog warns brokerages against IPO underpricing

Jan 28 2022

TOKYO Japan's antitrust regulator on Friday said brokerages could be acting illegally if they knowingly underprice initial public offerings (IPO), a practice detrimental to startups upon whom the government is relying to help stoke economic revival.

Tokyo bourse chief says SPACs possible in Japan but only with safeguards

Jan 20 2022

TOKYO Japan could open up to blank-cheque listings but with its own safeguards for investors, the head of the Tokyo bourse said, as the government scrambles to grow startup firms as a way to revitalise the world's third-largest economy.

U.S. hedge fund Farallon calls on Toshiba to get two-thirds of shareholders to back break-up

Jan 18 2022

TOKYO (Reuters) -Farallon Capital Management on Tuesday urged Toshiba Corp to secure the legally required support of two-thirds of its shareholders before the Japanese industrial conglomerate continues with a controversial plan to split in three.

UPDATE 2-Japan's No. 3 bank Mizuho names senior executive Kihara as next CEO

Jan 17 2022

TOKYO, Jan 17 Mizuho Financial Group, Japan's third-biggest lender, on Monday named senior executive officer Masahiro Kihara as its next chief executive as it races to tackle long-running banking system failures and transform its corporate culture.

Toshiba should overhaul board and management, major Japan pension fund says

Jan 12 2022

TOKYO Toshiba Corp's proposal to split itself into three companies won't solve its governance issues and the conglomerate should prioritise an overhaul of its board and management, said a senior executive at one of Japan's largest pension funds.

Toshiba should overhaul board and management, major Japan pension fund says

Jan 12 2022

TOKYO, Jan 12 Toshiba Corp's proposal to split itself into three companies won't solve its governance issues and the conglomerate should prioritise an overhaul of its board and management, said a senior executive at one of Japan's largest pension funds.

Tokyo bourse to keep most firms on new 'prime' market

Jan 11 2022

TOKYO Nearly 85% of the companies listed on the top section of the Tokyo Stock Exchange will be permitted on its new "prime" market in an April rebranding, the bourse said on Tuesday, potentially diluting its goal of creating a more prestigious main board.

As Toshiba investors carp, No. 2 shareholder urges EGM vote on break-up plan

Jan 06 2022

TOKYO The second-largest investor in Japan's Toshiba Corp on Thursday called for an extraordinary general meeting, seeking to force the company to win two-thirds support for a three-way breakup plan that has angered some major overseas shareholders.

Daiwa has shaken off Japan taboo on advising hostile takeovers, CEO says

Dec 27 2021

TOKYO Daiwa Securities Group Inc, Japan's second-largest brokerage and investment bank, is no longer hesitant to advise a hostile acquirer if a deal would benefit the target company or its industry, its CEO told Reuters.

Japan's largest bank MUFG to launch new $300 million debt venture fund

Dec 23 2021

TOKYO Mitsubishi UFJ Financial Group Inc (MUFG) will launch a new $300 million fund to offer debt financing to late-stage tech startups in the Asia-Pacific region, its chief executive said, as Japan's largest lender seeks to tap opportunities in growing economies.

World News

'Bloody Sunday' still scars Northern Ireland 50 years on

Five decades after British soldiers killed 13 unarmed Catholic civil rights marchers on one of the defining days of the Northern Ireland conflict, relatives are still searching for the justice they believe is needed for a scarred society to heal.