Tag Archives: Japan

Economic growth in Japan 'Burn' Crude Oil

West Texas Intermediate crude oil (WTI) recorded a rise back to its highest level in a week. On signs global economic growth started to accelerate, has strengthened its fuel consumption.

A government report yesterday showed gross domestic product (GDP) grew 3.5 percent in Japan, and became the fastest growth occurring in a year.

“We saw some moderate excitement here. Traders focused on positive news at this time,” said the president of Strategic Energy & Economic Research Winchester, Michael Lynch.

WTI oil futures for June delivery rose 86 cents to USD96, 02 per barrel on the New York Mercantile Exchange, the highest close since May 10. All contracts traded volume was 3.4 percent above the average of 100 trading days.

Brent crude for July delivery rose 86 cents, or 0.8 percent to USD104, 64 per barrel on the ICE Futures Europe exchange, based in London. Volume for Brent contract 18 percent lower than the average 100 trading days.

As a result, the disparity between Brent and WTI back down to $ 8, $ 35 per barrel, after rising to $ 8, 64 per barrel. While the disparity narrowest recorded at 7.65 per barrel on May 13, the narrowest since January 2011.

Japan's youngest billionaire wealth depleted USD2, 6 M

Yoshikazu Tanaka managed to become the youngest billionaire in Japan since joining Gree Inc. At that time, the majority shareholder in the phone-based gaming company, has a market capitalization of $ 4 billion. However, 18 months later, capitalization dropped to USD1, 38 billion.

The 36-year-old man, too late to respond to the growth of smartphones in the global market. Half a decade after the iPhone went on sale in Japan, Gree sales depend on the generation of the handset, while 60 percent of revenues earned precede smartphone.

As a result, the company had its first annual profit decline, as consumers move in the game is available through the Apple App Store and Google Play. Communities left platform social gaming network Gree and rival DeNA Co. who once dominated the local market. Since November 2011, shares of the Tokyo-based company have slumped more than 50 percent and a worst of 108 shares belonging to other stocks in the sector Topix.

“They have to fight Apple, they have to fight against Google. We will move to whichever industry structure potentially earning player in the mobile game now,” said an analyst at Macquarie Group Ltd., David Gibson, as quoted by Bloomberg, on Tuesday (23/4 / 2013).

Euphoria of investors to the new Japanese government and policy to trigger growth, there appears to be gone for Gree. Gree stock decline from its peak, the opposite of the 225 Nikkei rise by 55 percent.

Gree net profit recorded at 31 billion yen, or USD311 million on June 30, far from last year’s profit by 48 billion yen. This decline, the first drop since the company went public in 2008. Gree closed yesterday at 1,227 yen, down from a peak of 2,840 yen in November 2011.

Currently, the number of smartphone subscribers in Japan rose to 37 percent, according to data from March 31. Based MM Research Institute Ltd. in Tokyo proportions, estimates the market to grow 58 percent in March 2015 and 65 percent in March 2016. Global smartphone sales will probably rise 28 percent this year, to 836 million units, according to IHS Inc. ‘s iSuppli.

Mobile phone-based game market in Japan may have grown 37 percent to 387 billion yen in March, and expect to grow 10 percent this year. Although the market is growing, stagnant incomes Gree probably because they have lost their momentum in the mobile phone-based game in Japan.

Tanaka, who pioneered social networking game for mobile phones in 2007, the first time looking around the Internet in 1996 while visiting the United States (U.S.). Three years later, he graduated from Nihon University in Japan with a degree in law. Before founding Gree, he worked at Sony Corp. ‘s Internet unit and online store Rakuten Inc

Tanaka is the youngest billionaire in Japan, according to Forbes magazine. The next youngest is Rakuten President Hiroshi Mikitani 48 years, with a wealth of USD5, 6 billion.

On the other hand, efforts by Gree game development was delayed, due to the features of their game under the spotlight of regulators Japanese Consumer Affairs. The regulator said the game features known as “comp gacha” (pronounced gotcha) may be illegal, because it has similarities to gambling.

Gree also seeks to increase the supply of game by buying smaller developers. Since 2009, the company has acquired stakes in 17 companies, including Pokelabo Inc. and Funzio Inc.. In February, Gree mobile games formed a partnership with Yahoo Japan Corp, Japan’s largest Web portal, game developers are bound by the creator of Pac-Man Namco Bandai, Toei Animation Co. and broadcaster TV Tokyo Holdings Corp. last month to launch an animation program and sell merchandise related.

Japanese Ancient Monument Underwater

When the monument is commonly found in the open and easily seen.

Unlike the one that this monument, which is under the water. Located on the southern coast of Yonaguni, Japan.

The Yonaguni Monument is a large rock formation under water off the coast of Yonaguni island Ryuku, Japan. Estimated to be about 8,000 years old.

This place was discovered in 1995 by a diver who strayed too far from the coast of Okinawa with a camera in hand. But the site is still often still a debate about the authenticity of the site the site.

The site is still doubtful formation of natural sites that have been modified or is a manmade artifact. While sea Yonaguni is a popular diving location during the winter. Formation monument is the main attraction for divers in addition to strong currents.

50 Richest People in Japan

Japan’s new government, led by Prime Minister Shinzo Abe, has entered the era of looser monetary. Where the weakening of the yen makes exports cheaper. Moreover, it also makes stocks more attractive Japanese stocks.

As a result, the collective wealth of the richest 50 people in Japan reached USD112 billion. So, who are the people who made it into the ranks of the 50 richest people Forbes.

Forbes launched on Thursday (04/04/2013), Tadashi Yanai is the position with a wealth of USD15.5 billion, his wealth rose 46 percent from a year ago, underpinned by its business Fast Retailing, which gave it a huge advantage.

In addition, Forbes notes of five newcomers, Tomoko Namba (on the order of 47) has been aggressively berkompentisi in Japan, Yoshikazu Tanaka, Gree (15th) also made his debut with a record net worth USD545 million. The company’s games Kagemasa Kozuki, Konami game developer, to be one of the five most recent, with a wealth of USD1, 2 billion, making it the latest Japanese billionaire.

This year, there is not much wealth decreased. However, there are fifteen billionaires whose wealth declined by the biggest drop Eitaro Itoyama, because Japanese sporting performance continues to decline. He dropped to number 48 with a fortune of $ 500 million.

In addition, Forbes noted that there are three names that wealth stagnant, among others Muneaki Masuda (order 38), Masahiro Miki (order 12), the owner of LaCrosse Footwear manufacturers.

Here is the complete list of 50 billionaire in Japan.

1. Family Tadashi Yanai, with total assets of USD15, 5 billion, has a retail business.
2. Family Nobutada Saji, with total assets of USD10, 7 billion, with the family business in the field of beverages.
3. Masayoshi Son, the total wealth of USD9, 1 billion, is the CEO of Softbank, a company engaged in the Internet ventures.
4. Hiroshi Mikitani, with total assets of $ 6, 4 billion, is the CEO of on-line shopping site site, Rakuten.
5. Family Kunio Busujima, with total assets of USD5, 2 billion, is the owner of the pachinko game machine.

6. Akira Mori family, with total assets of $ 5 billion.
7. Takemitsu Takizaki, with total assets of $ 4, 7 billion.
8. Families Han Chang-Woo, with total assets of $ 3, 4 billion.
9. Keiichiro Takahara, with total assets of $ 3, 3 billion.
10. Masatoshi Ito, with total assets of $ 2, 8 billion.

11. Shoji Uehara, with total assets of $ 2, 5 billion.
12. Masahiro Miki, with total assets of USD2, 4 miliair.
13. Hiroshi Yamauchi, with total assets of USD2, 1 billion.
14. Hiroko Takei family, with total assets of $ 2 billion.
15. Yoshikazu Tanaka, with total assets of $ 1, 9 billion.

16. Yasumitsu Shigeta, with total assets of USD1, 65 billion.
17. Kanazawa Brothers, with total assets of USD1, 6 billion.
18. Kinoshita Brothers, with total assets of USD1, 56 billion.
19. Katsumi Tada, with total assets of USD1, 52 billion.
20. Kazuo Okada family, with total assets of USD1, 5 billion.

21. Chizuko and Michio Matsui, with total assets of USD1, 4 billion.
22. Minoru and Yuji Otsuka, with total assets of USD1, 34 billion.
23. Shigenobu Nagamori, with total assets of $ 1, 3 billion.
24. Tada Brothers, with total assets of USD1, 26 billion.
25. Soichiro Fukutake, with total assets of USD1, 25 billion.

26. Kagemasa Kozuki, with total assets of USD1, 2 billion.
27. Hajime Satomi, with total assets of USD1, 17 billion.
28. Ryoichi Jinnai, with total assets of USD1, 1 billion.
29. Takao Yasuda, with total assets of USD1, 08 billion.
30. Family Kanbee Kokubu, with total assets of USD1, 07 billion.

31. Family Nobutoshi Shimamura, with total assets of USD1, 06 billion.
32. Akio Nitori, with total assets of USD1, 04 billion.
33. Yoshiko Mori, with total assets of $ 1 billion.
34. Family Kazuo Inamori, with total assets of USD960 million.
35. Family Masayuki Ishihara, with total assets of USD930 million.

36. Hirokazu Sugiura family, with total assets of USD910 million.
37. Yoji Sato family, with total assets of USD890 million.
38. Muneaki Masuda, with total assets of USD850 million.
39. Hiroshi Ishibashi, with total assets of USD820 million.
40. Nobuyoshi Fujisawa, with total assets of USD820 million.

41. Tetsuro Funai, with total assets of USD750 million.
42. Yusaku Maezawa, with total assets of USD740 million.
43. Kentaro Ogawa family, with total assets of USD730 million.
44. Yoshitaka Fukuda, with total assets of USD630 million.
45. Yasuhiro Fukushima, with total assets of USD570 million.

46. Masahiro Noda, with total assets of USD550 million.
47. Tomoko Namba, with total assets of USD550 million.
48. Eitaro Itoyama, with total assets of $ 500 million.
49. Hiroyuki Inoue, with total assets of USD450 million.
50. Shoichiro Toyoda, with total assets of USD400 million.

Asian stocks in the shadows Ciprus

Stock in the Asia Pacific region at the end of the trading week on Friday (22/3), colored Ciprus concerns over the failure to pay its foreign debts.

At the opening session, the MSCI index outside Japan immediately slumped 0.1 percent. While the index AXJO in Australia, under pressure from concerns over the stability of the leadership in the land of kangaroos, down deeper, which is 0.3 percent.

Likewise, Korea’s KOSPI index, fell 0.1 percent participated. Even the benchmark Nikkei index to trade in regional markets, depressed 1.1 percent participated in this opening session.

Here is a sentiment that occurs in today’s trading:

Stock in Europe fell to the lowest tititk the last two weeks. The trigger is Ciprus banking crisis, one of the countries that use the euro currency.

Weaker yen helps keep Sony on course for profit target

Sony Corp <6758.T> stuck with its full-year profit forecast as a weaker yen and asset sales underpinned earnings, offsetting weaker demand for its televisions, game consoles and other devices.

Sony, which is doubling down on consumer electronics in a bid to revive the company, joined domestic rivals Sharp <6753.T> and Panasonic <6752.T> in reporting a quarterly operating profit, although analysts are skeptical the industry can regain its former status.

“If this weak yen rate persists it should provide us with a big upside,” said Chief Financial Officer Masaru Kato.

In the three months to December 31, Sony posted 46.4 billion yen in operating profit compared with a 91.7 billion yen loss a year ago. The result came in below the average 72.1 billion yen profit estimated by six analysts.

Japanese firms, once key innovators in consumer electronics, have been overtaken by rivals such as Samsung Electronics <005930.KS> and Apple Inc (AAPL), and have lost out as consumers flock to smartphones and tablets.

Sony under its latest CEO, Kazuo Hirai, is focusing on mobile phones and tablets, cameras and gaming in a bid to return the company to profit. It is also expanding its medical devices through an investment in endoscope maker Olympus Corp (TYO:7733).

Sony cut its November forecast for full-year sales of TV sets from 14.5 million to 13.5 million, but kept its prediction for an 11 percent decline in sales of its PlayStation games console to 16 million.

The company also pared its estimate for sales of compact cameras for the year to 15 million from an earlier estimate of 16 million. It was down from 21 million a year earlier.

It cut its estimate for PSP and PS Vita handheld devices to 7 million from a November estimate of 10 million.

ASSET SALES

Sony for now is boosting earnings through asset sales it books as operating profit. A rapid fall in the value of the yen against the dollar, and other currencies is also helping the company, which sells most of its products outside Japan. The yen weakened 11 percent against the U.S. dollar during the final three months of the year, and by 14 percent against the euro.

Hirai said in January that any assets not adding to core business, helping grow new businesses or aiding the turnaround of the TV unit could be sold.

Sony, which is also axing 10,000 jobs this business year, last month agreed to sell its U.S. headquarters building in New York City for $1.1 billion. It has also put one of its main buildings in central Tokyo up for sale in a deal that could raise a further $1.1 billion, sources have told Reuters.

The tech giant last year sold its chemical unit to a state-sponsored bank in Japan for $700 million, and is also mulling the sale of its battery business.

With its credit rating eroding, including a downgrade along with Panasonic, to below investment grade by Fitch last year, Sony faces higher borrowing costs.

Since the start of the year Sony’s shares have gained nearly 60 percent, rebounding from 30-year lows, compared with a 9 percent rise in the benchmark Nikkei 225 (.N225). Its share rose 2.6 percent on Thursday to close at 1,519 yen before it released its results for the quarter. ($1 = 93.5450 Japanese yen)

China's thick smog arrives in Japan

The suffocating smog that blanketed swathes of China is now hitting parts of Japan, sparking warnings Monday of health risks for the young and the sick. The environment ministry’s website has been overloaded as worried users log on to try to find out what is coming their way.

“Access to our air-pollution monitoring system has been almost impossible since last week, and the telephone here has been constantly ringing because worried people keep asking us about the impact on health,” said an environment ministry official.

China's thick smogPictures of Beijing and other Chinese cities shrouded in thick, choking smog played out across television screens in Japan last week. News programmes have broadcast maps showing a swirl of pollution gathering strength across China and then spreading out over the ocean towards Japan.

Pinks, reds and oranges that denote the highest concentrations form a finger of smog that inches upwards to the southern main island of Kyushu. Relations between Tokyo and Beijing are already strained, over the sovereignty of a chain of islands in the East China Sea. And on the streets of Tokyo, reaction was tart.

“China is our neighbour, and all sorts of problems happen between us all the time,” said Takaharu Abiko, 50. “It is very worrying. This is dangerous pollution, like poison, and we can’t protect ourselves. It’s scary.”

Officials were coy about lumping all the blame on their huge neighbour, but Yasushi Nakajima of the environment ministry said “we can’t deny there is an impact from pollution in China”.

Air pollution over the west of Japan has exceeded government limits over the last few days, with tiny particulate matter a problem, said Atsushi Shimizu of the National Institute for Environmental Studies (NIES). Prevailing winds from the west bring airborne particles from the Asian mainland, he said.

Of specific concern is the concentration of a particle 2.5 micrometres or less in diameter, which has been as high as 50 microgrammes per cubic metre of air over recent days in northern Kyushu. The government safe limit is 35 microgrammes. Yellow sand from the deserts of Mongolia and China is a known source for these particles, as are exhausts from cars and smoke from factories.

“At this time of year they are definitely not yellow sands, so they’re toxic particles,” Shimizu said, warning that “people with respiratory diseases should be careful”. Toshihiko Takemura, an associate professor of Kyushu University who runs another air pollution monitoring site, said “the impact of air pollution originating from China on Japan was scientifically discovered more than a decade ago”.

“Especially in Kyushu, the level of air pollution has been detectable in everyday lives since a few years ago,” he told AFP. “People in eastern and northern Japan are now belatedly noticing the cross-border air pollution.”

Takemura noted that pollution in Japan over the last few days has not been quite as bad as it was in February 2011, when “very hazy days continued for several days in western Japan”. He agreed with Shimizu that people with respiratory diseases, as well as small children, should take extra care to avoid the problems.

Takemura’s website forecast an “extremely large” amount of air pollutants would arrive in part of Kyushu Monday and Tuesday. Shimizu said information-sharing with China on air pollution has been difficult but “there are many things Japan can do, for instance encouraging China to use pollutant-filtering equipment in factories”.

Strengthening much as 3 percent Dyeing Japanese Stock Market Opening Prime

In its inaugural opening in 2013, the Japanese stock market experienced a jump of 3 percent. This strength was related to the policy of the United States recently issued a deal to avoid a fiscal abyss. Although the opening of the Japanese stock market is fairly a bit late compared to the other stock markets but in fact the Japanese stock exchange to survive and keep pace with the other stock exchanges, so that said Hiroichi Nishi, general manager at SMBC Nikko Securities, told AFP. Japanese stock market in Tokyo is already closed in order to welcome the new year since the end of 2012 ago and recently reopened on January 4, 2013, unlike other exchanges have largely been open since 2 January 2013.
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Business Card Etiquette

When doing business abroad it is important to understand the local culture. Culture includes areas such as a country’s norms, values, behaviours, food, architecture, fashion and art. However, one area of culture that is important for the international business person is etiquette. Understanding business etiquette allows you to feel comfortable in your dealings with foreign friends, colleagues, customers or clients. Knowing what to do and say in the right places will help build trust and open lines of communication. One aspect of etiquette that is of great importance internationally is the exchanging of business cards. Continue reading