Japan Finance – Aisa Net http://aisa-net.com/ Tue, 21 Jun 2022 15:25:43 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://aisa-net.com/wp-content/uploads/2021/05/aisa-net-icon-150x150.png Japan Finance – Aisa Net http://aisa-net.com/ 32 32 G-20 health and finance chiefs meet to tackle future pandemics https://aisa-net.com/g-20-health-and-finance-chiefs-meet-to-tackle-future-pandemics/ Tue, 21 Jun 2022 14:51:21 +0000 https://aisa-net.com/g-20-health-and-finance-chiefs-meet-to-tackle-future-pandemics/

Health and finance ministers from the Group of 20 major economies met on Tuesday evening to find ways to deal with future pandemics, preventing them from becoming an economic, social and political crisis.

“The COVID-19 pandemic has presented us with the greatest health, economic and social challenges…and (it) is not over yet,” said Indonesian Finance Minister Sri Mulyani Indrawati, who is co-chairing the meeting. of Tuesday. said in his opening address.

At the meeting held in Yogyakarta, an ancient city in Central Java, she stressed the need to “prepare better for the future pandemic because it is not the last pandemic.”

Photo taken on June 20, 2022 shows a meeting of the Group of 20 Health Leaders in Yogyakarta, Indonesia. (Kyodo)

At a meeting of G-20 health chiefs on Monday, at least 17 of the 20 health ministers agreed in principle to harmonize global standards of health protocols that will facilitate the mobility of global travelers, a source says. close to this meeting.

Only three countries – Argentina, Brazil and China – have not announced their decision, the source said.

“We realize, as economists, that when a health crisis happens… nobody moves. When nobody moves, no goods move. When the goods can’t move, the economy doesn’t move,” Indonesian Health Minister Budi Gunadi Sadikin said.

A common global framework for reading QR codes containing vaccine certificates and other information is being developed, and is expected to be launched after G-20 leaders adopt it at their summit in November. health officials said.

Initially, the system will be able to read certificates from G-20 member countries, but in the future it will be open to all countries in the world.

Health ministers also agreed to create a financial intermediation fund and were discussing it in detail on Tuesday.

Sadikin had announced that around $1.2 billion had been pledged by Germany, Indonesia, Singapore, the United States and the European Union, as well as the London-based charity Wellcome Trust.

He also expressed hope that the fund will eventually reach $10.5 billion so that low- and middle-income countries can procure vaccines, drugs, test kits and equipment.

At Tuesday’s meeting, Mulyani said the fund must be inclusive and also reflect the “voices of developing countries” for a more effective pandemic prevention and preparedness system.

The G-20 includes Argentina, Australia, Brazil, China, India, Indonesia, Mexico, Russia, Saudi Arabia, South Africa, South Korea and Turkey, as well as the G-7 economies — Britain, Canada, France, Germany, Italy. , Japan and the United States plus the European Union.


Related coverage:

Western health chiefs come out to protest Russia at G-20 meeting


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Live Updates: The Week Ahead https://aisa-net.com/live-updates-the-week-ahead/ Sun, 19 Jun 2022 22:49:59 +0000 https://aisa-net.com/live-updates-the-week-ahead/

What started with misery at the pumps due to rising fuel prices, then air travel disruption due to understaffing will this week spread to problems on trains – in the country that gave you this mode transport. A series of national rail strikes and, in London, another underground strike, threaten to cripple the network.

The dispute centers on wage demands and the impact on jobs of efficiency savings made more urgent by falling incomes during pandemic shutdowns. Government ministers, who as this article notes now effectively control all rail funding following changes made during the pandemic, declined to speak directly with the RMT, the main union calling for action.

Whether this will have a big impact on Thursday’s two UK by-elections – this week’s top election news – is a moot point given that the poll already points to a double whammy for the Tories – a “red wall” and a “ blue wall” constituency – amid anger at their leader and the country’s Prime Minister, Boris Johnson.

The aviation industry will also be in the spotlight this week as the annual general meeting of the International Air Transport Association (Iata) is held in Doha. The news here is unlikely to be very positive. Last October, Iata predicted that 2.3 billion people would fly in 2021 and 3.4 billion in 2022, compared to 4.5 billion people who traveled in 2019.

Another international gathering this week will be the delayed meeting of Commonwealth Heads of State in Rwanda. The venue will provoke uncomfortable questions for Prince Charles, who will attend on behalf of the Queen, given the UK’s deal with the country to take in British asylum seekers, a policy the heir to the throne had described as “appalling” according to a report in the Times newspaper.

The week will end with German Chancellor Olaf Scholz hosting his counterparts from other G7 nations for a summit at Bavaria’s secluded Schloss Elmau castle, the same venue his predecessor Angela Merkel chose in 2015. The most notable point here, however , is special guest , India’s Narendra Modi, and whether it will help the Western powers – Australia will do something similar during a state visit to India earlier in the week – in the battle for allies to counter the growing closeness between Russia and China.

Economic data

Polls are the theme this week with a series of Purchasing Managers’ Index reports, regional announcements from the Fed in the US and Ifo Business Confidence figures in Germany.

The culmination of speeches by central bankers — and there are a few this week — will be Jay Powell’s semiannual appearance before the Senate Banking, Housing, and Urban Affairs Committee to present his report on monetary policy. And in case you don’t have enough cost of living data, we’ll also get more inflation updates from Germany, Canada, the UK and Japan.

Companies

Cost of living and shopping trends will be at the heart of discussions among global retail groups meeting in Dublin this week for the Consumer Goods Forum. The business leaders of Unilever, Coca-Cola, Carrefour, Tesco and Walmart are on the list of speakers.

Not many results announcements this week. FedEx will release fourth-quarter numbers on Thursday, but that was anticipated last week as the U.S. delivery company shrugged off concerns about the economy when it announced a dividend increase and two new board members.

Read the full schedule for the coming week here

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Putin takes on the West over sanctions https://aisa-net.com/putin-takes-on-the-west-over-sanctions/ Sat, 18 Jun 2022 00:03:23 +0000 https://aisa-net.com/putin-takes-on-the-west-over-sanctions/

Russian President Vladimir Putin has faced one setback after another since his troops invaded Ukraine. His army made unstable gains on the battlefield. His country’s economy has been hit by sanctions. Now he’s lashing out at critics and saying Russia will outlast its enemies.

Putin made the remarks at the St. Petersburg International Economic Forum on Friday.

He accused the West of waging a smear campaign and said he was trying to undermine trust in Russian businesses and confidence in the rouble.

Putin said Western nations intended to use sanctions to crush Russia’s economy by destroying supply chains, forcing Western companies out of the market, freezing assets – hitting industry, finance and the Russian standard of living. He added that they had failed to achieve these goals.

Putin said soaring food prices in the West prove sanctions hurt the very people who imposed them. He added that Russia always has the capacity to increase its food and fertilizer exports and has never reduced its exports.

He again stressed that Russian forces were winning the game in Ukraine. He guaranteed that they would achieve all the objectives of what he called the special military operation.

Russian troops focused on gaining ground in the Lugansk region of eastern Ukraine.

They tried to overcome resistance in the cities of Severodonetsk and Lysychansk. The regional governor said a Russian airstrike hit a medical facility and killed four people.

Ukrainian President Volodymyr Zelenskyy met British Prime Minister Boris Johnson in the capital, Kyiv. He said after the meeting that Putin must pay a high price for the invasion and that Russia must compensate Ukraine for all the losses suffered by its people, communities and businesses. He added that he must be held accountable for the food crisis he caused.

Zelenskyy said he and Johnson spoke about Ukraine’s urgent need for heavy weapons. Johnson said he intended to help escalate sanctions against Russia and pledged to build support for Ukraine.

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Leasing Market Size and Forecast to 2029 https://aisa-net.com/leasing-market-size-and-forecast-to-2029/ Mon, 13 Jun 2022 20:17:09 +0000 https://aisa-net.com/leasing-market-size-and-forecast-to-2029/

Los Angeles, USA,-According to the report of the verified market report, the global leasing market is expected to grow at a tremendous rate over the coming years. Titled “Global Leasing Market Size and Forecast 2022-2029”, this report provides an in-depth look at the future of the global leasing market. Increased demand for smart technologies and increased construction of skyscrapers and tall commercial buildings are expected to contribute significantly to the growth of the global leasing market.

A comprehensive study of the Global Leasing Market is carried out by the analysts of this report, considering key factors such as drivers, challenges, recent trends, opportunities, developments and competitive landscape. This report provides a clear understanding of the current and future scenarios of the global finance leasing industry. Research techniques such as pestle and Porter’s five forces analysis have been deployed by the researchers. It has also provided accurate data on production, capacity, price, cost, margin, and leasing revenue, enabling players to gain a clear understanding of the overall existing and future market conditions.

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The high-impact factors and renderers have been studied in this report to help readers understand the general development. Additionally, the report includes constraints and challenges that can be stumbling blocks in the players’ path. This will help users make informed, meticulous business-related decisions. The experts also focused on the upcoming trade prospects.

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The key segments including types and applications have been detailed in this report. Verified market report consultants have studied all segments and used historical data to provide market size. They also discussed the growth opportunities the segment could represent in the future. The study provides production and revenue data by type and application over the past period (2016-2021) and forecast period (2022-2029).

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  • HSBC Bank
  • Sumitomo Mitsui Financing and Leasing
  • BNP Paribas Leasing Solutions
  • Wells Fargo Equipment Financing
  • Banc of America Leasing and Capital
  • SARL
  • JPMorgan Chase

Global Leasing Market Segmentation:

Breakdown of the finance lease market by type:

  • Banks
  • Funding Institutions

Leasing Market Breakdown by Application:

  • TMT (Technology
  • Media and Telecom)
  • Automotive
  • construction machinery
  • Medical equipement
  • ECI (Energy
  • Chemicals and Infrastructure)
  • Aviation
  • Dispatch
  • Manufacturing industries
  • Others

Regional Market Analysis Leasing can be represented as follows:

This part of the report assesses key regional and country-level markets on the basis of market size by type and application, key players, and market forecast.

Based on geography, the global leasing market has been segmented as follows:

    • North America includes the United States, Canada and Mexico
    • Europe includes Germany, France, UK, Italy, Spain
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    • Asia Pacific includes Japan, China, Korea, India, Saudi Arabia and Southeast Asia

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Scope of the Leasing Market Report

Report attribute Details
Market size available for years 2022 – 2030
Base year considered 2021
Historical data 2018 – 2021
Forecast period 2022 – 2030
Quantitative units Revenue in USD Million and CAGR from 2022 to 2030
Segments Covered Types, applications, end users, and more.
Report cover Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Scope of customization Free report customization (equivalent to up to 8 analyst business days) with purchase. Added or changed country, region and segment scope.
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Industry Overview: The first section of the research study covers an overview of the global Leasing market, market status and outlook, and product scope. Additionally, it provides highlights of major segments of the global Leasing market i.e. region, type and application segments.

Competitive analysis:This report sheds light on significant mergers and acquisitions, business expansion, product or service differences, market concentration, global Leasing Market competitive status and market size by player.

Company profiles and key data:This section covers the companies featuring leading players of the global Leasing market based on revenue, products, activities and other factors mentioned above.

Market Size by Type and Application:Besides providing an in-depth analysis of the global Leasing market size by type and application, this section provides research on major end-users or consumers and potential applications.

North American market: This report depicts the changing size of the North America market by application and player.

European market: This section of the report shows how the size of the European market will evolve over the next few years.

Chinese market: It provides analysis of the Chinese market and its size for all years of the forecast period.

Rest of the Asia-Pacific market: The rest of the Asia-Pacific market is here analyzed in quite detail on the basis of applications and players.

Central and South America Market: The report illustrates changes in Central and South America market size by players and applications.

Mea Market: This section shows how the Mea market size changes over the forecast period.

Market dynamics: This report covers the drivers, restraints, challenges, trends and opportunities of the global leasing market. This section also includes Porter’s analysis of the five forces.

Findings and Conclusions:It provides solid recommendations for new and established players to secure a strong position in the global leasing market.

Methodology and data sources:This section includes author lists, disclaimers, research approaches, and data sources.

The main questions answered

What will be the size and average annual size of the global leasing market in the next five years?

Which sectors will take the lead in the global leasing market?

What is the average manufacturing cost?

What are the key business tactics adopted by the major players in the global leasing market?

Which region will gain the lion’s share of the global leasing market?

Which companies will dominate the global leasing market?

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Under-30s make up more than 60% of suspects in $25m COVID grant fraud: Japanese police https://aisa-net.com/under-30s-make-up-more-than-60-of-suspects-in-25m-covid-grant-fraud-japanese-police/ Sat, 11 Jun 2022 08:27:27 +0000 https://aisa-net.com/under-30s-make-up-more-than-60-of-suspects-in-25m-covid-grant-fraud-japanese-police/






The entrance to the No. 2 Central Government Building, which houses the National Police Agency, is seen in this file photo taken in Tokyo in 2019. (Mainichi/Kazuo Motohashi)

TOKYO — More than 60% of the 3,770 suspects in fraud cases exploiting a Japanese government COVID-19 grant program that police arrested or reported to prosecutors in late May 2022 were under 30, according to data from the National Police Agency (NPA).

According to the NPA, police nationwide detected 3,315 cases of suspected fraud targeting a government subsidy to businesses hit hard by the coronavirus pandemic between July 2020 and May 2022, with illegally obtained payments totaling some 3.29 billion yen. (about $24.5 million).

Broken down by age group, about 2,300 suspects, or 62%, of those arrested or whose cases were passed on to prosecutors were in their twenties. Thirty-somethings made up 14%, representing some 500 suspects. About 200 of them, or 6%, were between the ages of 10 and 19. In total, approximately 80% of grant fraud suspects were 39 years of age or younger. Overall, the average age of the suspects was around 30 years old.

In addition, people in their 40s made up 8% of suspects, people in their 50s 5%, people in their 60s 3%, and people between the ages of 70 and 89 made up 1% of suspects.

The agency said the suspects included students who brought their junior and senior high school classmates into the scams. In some cases, social media was used to provide instructions on how to apply for the grants.

While the ringleaders in the grant fraud cases came from a variety of backgrounds, they included government officials such as a tax office employee and a local government employee, as well as licensed financial professionals, including a tax accountant and an administrative scrutineer. A crime syndicate heavyweight and gang member, as well as a student were also among the suspected ringleaders.

(Japanese original by Naritake Machida, Tokyo City News Department)

]]> Japan Securities Finance: Article on Japan Securities Finance published in International Finance https://aisa-net.com/japan-securities-finance-article-on-japan-securities-finance-published-in-international-finance/ Fri, 10 Jun 2022 05:22:03 +0000 https://aisa-net.com/japan-securities-finance-article-on-japan-securities-finance-published-in-international-finance/







June 1, 2022

To whom it May concern

Company: Japan Securities Finance Co., Ltd.

Executive Representative and Chairman: Shigeki Kushida (Code No. 8511, TSE Prime)

Contact: Kentaro Hibi, Managing Director, Office of Corporate Governance

(Email: info@jsf.co.jp)

Article on Japan Securities Finance published in International Finance

We are pleased to inform you that an article about Japan Securities Finance Co., Ltd. was published in “International Finance” (web edition, May 30, 2022). The web edition of International Finance is published by International Finance Publications Limited, a UK financial media company.

Japan Securities Finance was recently interviewed after winning the 2021 International Finance Awards, which was announced in the company’s press release dated May 27, 2022 titled “Japan Securities Finance Receives International Finance Awards”. In this article, the unique nature of the company as a specialized securities finance institution, the future development of the global securities finance business, new business activities (development of indices using margin and credit/debit transaction and blockchain verification testing), future strategies and other topics were introduced. Please refer to the URL below for the article content.

As an institution that supports securities market infrastructure, Japan Securities Finance Co., Ltd. will continue to contribute to the development of Japanese and global markets and the SDGs while proactively meeting the various requirements of the securities and finance industry.

[URL] https://internationalfinance.com/japan-securities-finance-co-wins-awards-innovative-some products/

Japan Securities Finance Co., Ltd. Business Development Department Email: bddept@jsf.co.jp

END

Japan Securities Finance Co., Ltd. (JSF) is the only securities finance company in Japan incorporated in 1950 with a license under the Financial Instruments and Exchanges Act. Its main activity is the provision of funds and securities to securities companies for the settlement of standardized margin transactions in accordance with the aforementioned law, as well as the provision of securities lending and financing. As an institution specializing in securities financing, JSF, aware of this public role, has the mission of contributing to the development of the securities market by responding proactively to the diversified needs of stock market and financial circles and by energizing the long-term interests of securities market participants. JSF’s credit rating is AA- by Rating and Investment Information, Inc. and Japan Credit Rating Agency, Ltd., and A by S&P Global Ratings. JSF shares are listed on the Tokyo Stock Exchange.

For more information, visit https://www.jsf.co.jp/english/

This is the English translation of the document originally written in Japanese for non-Japanese convenience. Although Japan Securities Finance intends to faithfully translate documents written in Japanese into the English version, the accuracy and correctness of the translation is not guaranteed, so we encourage you to refer to the original Japanese version of the document .

Disclaimer

JSF – Japan Securities Finance Co. Ltd. published this content on June 10, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on Jun 10, 2022 05:21:04 UTC.

Public now 2022

All news about JAPAN SECURITIES FINANCE CO., LTD.
01:22a FINANCING OF SECURITIES IN JAPAN : Article on Japan Securities Finance Posted in International ..

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01/06 FINANCING OF SECURITIES IN JAPAN : Announcement regarding the status of the share repurchase

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05/16 Japan Securities Finance Co., Ltd. announces year-end dividend March 31, 2022

THIS

10/05 Japan Securities Finance Co., Ltd. announces a share buyback for 3,200,000 shares, re..

THIS

10/05 Japan Securities Finance Co., Ltd. authorizes a buy-back plan.

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03/30 JAPAN SECURITIES FINANCE CO., LTD. : Ex-dividend day

FA

03/21 Strategic Capital Submits Shareholder Proposal to Japan Securities Finance

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03/14 Japan Securities Finance Co., Ltd. Share Repurchase Plan Tranche Update announced on..

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11/03 The repurchase of shares of Japan Securities Finance Co., Ltd. announced on December 20, 2021 a..

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02/15 Symphony Financial Partners Submits Shareholder Proposal to Japan Securities Finance

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2022 sales 30,138M
225 million
225 million
2022 net income 5,174 million
38.6M
38.6M
Net debt 2022 1,189B
8,880M
8,880M
PER 2022 ratio 16.3x
2022 return 3.26%
Capitalization 80 117M
598M
598M
EV / Sales 2021 34.6x
EV / Sales 2022 42.2x
# of employees 272
Floating 85.7%

Chart JAPAN SECURITIES FINANCE CO., LTD.


Duration :

Period :




Japan Securities Finance Co., Ltd.  Technical Analysis Chart |  MarketScreener

Trends in Technical Analysis JAPAN SECURITIES FINANCE CO., LTD.

Short term Middle term Long term
Tendencies Bearish Neutral Neutral



Evolution of the income statement


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Wall Street points down after two days of gains https://aisa-net.com/wall-street-points-down-after-two-days-of-gains/ Wed, 08 Jun 2022 14:37:30 +0000 https://aisa-net.com/wall-street-points-down-after-two-days-of-gains/

NEW YORK (AP) — Major U.S. markets fell ahead of the opening bell on Wednesday as broad concerns about interest rates, inflation and the war in Ukraine continue to weigh on investors.

Dow Jones industrials futures fell 0.4% and fell 0.3% on the S&P 500. Most Asian markets ended in positive territory, mimicking U.S. gains on Tuesday, while Shares in Europe were down at midday.

“Stocks are drifting lower as the broader narrative remains unchanged, with peak inflation optimism meeting increasingly bellicose pivots from central banks,” Stephen Innes of SPI Asset Management said in a commentary.

Britain’s FTSE 100 and Germany’s DAX both fell 0.6%, while the CAC 40 in Paris lost 0.7%.

U.S. stocks gained for the second day in a row on Tuesday, even as the World Bank sharply cut its forecast for economic growth this year, pointing to Russia’s war on Ukraine and the possibility of food shortages and the potential return of “stagflation”, a toxic mix of inflation and anemic growth not seen in more than four decades.

Treasury Secretary Janet Yellen, testifying before the Senate Finance Committee on Tuesday, said she expects inflation to remain high and bringing that down is a top priority.

More data on recent price swings arrives Friday when the United States releases its Consumer Price Index, which excludes volatile food and energy prices.

The fragility of the economy has been at the top of Wall Street’s minds this year amid concerns about interest rate hikes coming from the Federal Reserve. The central bank is taking aggressive action to stamp out the worst inflation in decades, but it risks stifling the economy if it goes too far or too quickly.

The Fed is widely expected to raise its main short-term interest rate by half a percentage point at its meeting next week. It would be the second consecutive increase of double the usual amount, and investors are expecting a third in July.

Treasury yields have risen significantly this year on expectations of a more aggressive Fed. They moderated a bit on Tuesday, however.

The 10-year Treasury yield held just above 3% at 3.01% early Wednesday. The two-year yield, which more closely tracks expectations for Fed action, rose slightly to 2.75% from 2.73%.

The next big inflation update comes on Friday, when the US government releases its latest reading on the Consumer Price Index.

In Asian trading, Hong Kong shares jumped 2.2% to 22,014.59 on heavy buying of shares of Chinese tech companies after Beijing approved a new batch of video games. It was seen as a sign that the business outlook for tech companies is improving after a prolonged regulatory crackdown.

Tokyo’s Nikkei 225 gained 1% to 28,234.29 after Japan announced its economy contracted at a slower pace than previously reported in the January-March quarter, declining 0.5% instead of 1%. The latest data showed that consumer spending was not as weak as expected.

In India, the Sensex loses 0.4% to 54,905.16 after the Reserve Bank of India raised its key rate by 0.5 basis point to 4.9%.

South Korea’s Kospi was little changed at 2,626.15. In Sydney, the S&P/ASX 200 rose 0.4% to 7,121.10. The Shanghai Composite index reversed its early losses, gaining 0.7% to 3,263.79.

In other trading, the benchmark U.S. crude oil added $1.12 to $120.53 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the standard for international trade, rose $1.04 to $121.61 a barrel.

The US dollar was trading at 134.03 Japanese yen, down from 132.61 yen. The euro fell from $1.0705 to $1.0736.

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North Korea fires 8 missiles, tests Biden with launch record https://aisa-net.com/north-korea-fires-8-missiles-tests-biden-with-launch-record/ Sun, 05 Jun 2022 04:01:46 +0000 https://aisa-net.com/north-korea-fires-8-missiles-tests-biden-with-launch-record/

(Bloomberg) – North Korea fired eight short-range ballistic missiles on Sunday, pushing it to a record number of launches in a single year under Kim Jong Un, who appears set to heighten tensions further with his first test of a nuclear device since 2017.

Bloomberg’s Most Read

South Korea’s military said it detected the missile fire between 9:08 a.m. and 9:43 a.m. from an area around Pyongyang’s main airport to waters off its east coast. The one-day ballistic barrage is likely the largest since Kim took power a decade ago, with launches for this year beating the previous record of 24. North Korea has so far fired 31 missiles ballistic in 2022, including at least two unsuccessful attempts. .

“While our military has heightened surveillance and vigilance to prepare for any additional launches, we maintain a full readiness posture in close cooperation with the United States,” the South Korean Joint Chiefs of Staff said. in a press release.

Japanese Prime Minister Fumio Kishida said he was informed that the missiles had landed outside his country’s exclusive economic zone, calling the launches a threat to peace. The South Korean National Security Council met to discuss North Korean activities.

Japan’s Defense Ministry said it confirmed at least six missiles were launched from multiple sites. They reached a maximum altitude of between 50 and 100 kilometers (31-62 miles) and traveled about 300 to 400 kilometers, the ministry said, adding that at least one missile had an irregular trajectory.

The latest test comes after South Korea and the United States held a joint naval exercise in international waters off the Japanese island prefecture of Okinawa. New South Korean President Yoon Suk Yeol has promised closer security cooperation with Biden and an intensification of joint military exercises, decried by Pyongyang for years as a prelude to an invasion.

“For Kim to remain silent after that would have been a tacit sign of resigning,” said Soo Kim, a political analyst at Rand Corp. who previously worked at the Central Intelligence Agency.

“Yet, Kim Jong Un did not conduct a nuclear test. We know it’s happening, so it’s a matter of when, not if,” she said, adding that Pyongyang will watch how Biden and Yoon will react to this latest round of missile tests “as a barometer of their actions to even more intense provocation.”

The US Indo-Pacific Command said it was aware of the latest launches, saying in a statement that they “highlight the destabilizing impact of the DPRK’s illicit weapons program”, referring to North Korea by its official name.

North Korea last fired missiles on May 25, just hours after Joe Biden completed his first trip as president to South Korea and Japan. It was one of the biggest provocations to coincide with a US president’s visit to the region and tested Biden’s efforts to strengthen defense ties with the two US allies.

Biden and his U.S. allies may not have much leverage to try to slow testing or increase global sanctions to punish Pyongyang for its provocations. US pressure to isolate Russia over Vladimir Putin’s war in Ukraine, coupled with growing animosity toward China, has allowed Kim to bolster his nuclear deterrent without fear of facing further sanctions at the UN Security Council. the UN.

There is almost no chance that Russia or China, who have veto power in the Council, would support any action against North Korea, as they did in 2017 following a series of weapons testing that prompted then-President Donald Trump to warn of “fire and fury.” In late May, the two countries vetoed a US-drafted council resolution aimed at tightening sanctions against North Korea for its ballistic missile tests this year.

North Korea may also soon conduct a nuclear test, US, South Korean and Japanese government officials said at a meeting last week. North Korea is prohibited from testing ballistic missiles and nuclear devices by UN Security Council resolutions.

Kim has also found ways to evade sanctions through cybercrime and cryptocurrency theft. Investigators from the United States and the United Nations said his regime had already banked nearly $3 billion – or about 10% of its annual savings – from cybercrime, and was on the verge of more. harvest even more.

South Korea said the May 25 test included a suspected intercontinental ballistic missile that reached an altitude of about 540 kilometers and traveled a distance of about 360 kilometers. Weapons experts said North Korea also appeared to have launched a short-range ballistic missile with a maneuverable warhead as well as another rocket that failed shortly after takeoff. The ICBM is designed to carry a nuclear warhead capable of reaching the American continent.

(Updates with analyst comment, Japanese officials)

Bloomberg Businessweek’s Most Read

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Panasonic finalizes US state choice for its battery plant – Business & Finance https://aisa-net.com/panasonic-finalizes-us-state-choice-for-its-battery-plant-business-finance/ Fri, 03 Jun 2022 07:04:35 +0000 https://aisa-net.com/panasonic-finalizes-us-state-choice-for-its-battery-plant-business-finance/

TOKYO (Reuters) – Japan’s Panasonic Holdings Corp, which makes batteries for electric car maker Tesla, is finalizing a decision on which U.S. state it will choose as the site for a new battery factory, said a senior executive on Friday.

“We have made various thoughts, but we are starting to finalize,” said Kazuo Tadanobu, CEO of Panasonic Energy, speaking to reporters during a panel discussion. No decision has yet been made, he added.

Toshiba receives 10 investment proposals including eight to be privatized

The Japanese conglomerate is exploring potential factory sites in Kansas and Oklahoma to supply the batteries to the US automaker’s plant in Texas, two people with knowledge of the project said.

Tadanobu told investors and analysts on Wednesday that the company had shipped samples of its more powerful “4680” form factor electric car battery to Tesla.

The 4680-size battery – 46 millimeters wide and 80 millimeters tall – is around five times larger than those Panasonic currently supplies, meaning the US electric carmaker could be able to cut production costs and reduce costs. increasing vehicle autonomy.

Panasonic said mass production of the new battery is expected to begin before the end of March 2024 at its plant in Wakayama, western Japan, before production moves to North America.

Panasonic is exploring potential factory sites in Kansas and Oklahoma to supply the batteries to the US electric carmaker’s plant in Texas, two people with knowledge of the plan said.

The Japanese company has partnered with Tesla for more than a decade, supplying batteries for its first cars.

Since then, the electric carmaker has diversified its supply chain and brought in other companies such as Chinese company Contemporary Amperex Technology Co and South Korean company LG Energy Solution.

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Institutional Investor Releases 2022 Asia Pacific (Ex Japan) Research Rankings, Including Local Regional Results https://aisa-net.com/institutional-investor-releases-2022-asia-pacific-ex-japan-research-rankings-including-local-regional-results/ Mon, 30 May 2022 21:00:00 +0000 https://aisa-net.com/institutional-investor-releases-2022-asia-pacific-ex-japan-research-rankings-including-local-regional-results/

Institutional Investor News

NEW YORK, May 30, 2022 (GLOBE NEWSWIRE) — Institutional Investor’s 2022 Asia-Pacific (ex-Japan) Research Results, released on May 30, 2022.e May (5 p.m. NY), reflected independent feedback from 4,813 portfolio managers and analysts from 1,406 institutions, a more than 27% increase in voter turnout from 2021. The results were aggregated across 36 sectors, including 24 Industry/Macro sectors and 12 Country/Region sectors within the Asia-Pacific region.

Asia-Pacific (excluding Japan) search results were dominated by three companies – Morgan Stanley came out on top, with 35 positions published, closely followed by UBS and Citi in second place with 34 positions published, with Citi moving up the table leaders as of 2021 JP Morgan is in fourth place with 31 positions, BofA Securities in fifth place with 26 positions and Credit Suisse in sixth place to complete the top scores.

Local Broker Results

For the second year, Institutional Investor also recognized the top-ranked local companies and analysts in each of the 11 Asia-Pacific countries/regions (excluding frontier markets). The results reflect independent feedback from 1,697 portfolio managers and analysts from 744 institutions, a 28% increase in voters over last year for 13% more companies.

Contact marketing@iiresearch.com for the individual regional breakdown of top local research firms and analysts across the 11 countries/regions.

Five companies topped these firm-level local brokerage results, with Macquarie gaining five published positions from a year ago, earning the most positions with 11 winning positions (1st2n/a or 3rd place), CLSA with seven winning positions, Jefferies with four, Nomura with three and Daiwa Securities Group with two.

Macquarie and Jefferies had the most analysts ranked in the 11 countries/regions with 37 and 25 respectively. CLSA, Daiwa Securities and Nomura followed closely and performed strongly with a high number of analysts ranked (22, 20 and 17).

Best Overall Broker includes the combined results of sales, company access, research, and trading.

Carvin Lee, Asia Sales Manager, says “2021 has been a tough year for brokers in Asia. Inflationary pressures fueled by geopolitical events and the ongoing pandemic have added new challenges for sellers as they continue to deal with changing investor behaviors and regulatory pressure. When times are tough, true quality becomes more important than ever. Thanks to the valuable participation of global investment professionals, our 2022 result recognizes the top performing sell-side research providers who have helped their clients through a difficult year.

The results can be found here: https://www.institutionalinvestor.com/research

Buy-side investment professionals were invited to vote over a four-week period; more votes are being submitted centrally by investment management firms to reflect their formal internal research assessment processes. This reduced industry disruption and increased the accuracy of end results.

For more information contact David Enticknap, Head of Research II at +44 7577 457088 david.enticknap@iiresearch.com.

To share your position on your website’s content, advertisements, communications and marketing materials, please contact marketing@iiresearch.com.

Media contact

Sally Savery, Director of Marketing, Institutional Investor Research. Sally.savery@iiresearch.com

About the Institutional Investor

For more than 50 years, Institutional Investor has consistently distinguished itself among the world’s leading media companies with groundbreaking journalism and incisive writing that delivers critical insight to a global audience. In addition, since 1972, Institutional Investor Research (II Research) has offered highly respected, proprietary benchmark research and rankings, providing independent commentary on sell-side and company performance; II Research aims to be the first choice as well as an independent validating source of qualitative market information for all three sides of the investment community and has a global presence spanning Europe, Asia-Pacific, the United States United States and Latin America.

Follow institutional investor research here https://www.linkedin.com/showcase/11222447

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