SoftBank leads $100 million investment in Indonesian ecommerce firm Tokopedia

TOKYO - SoftBank Corp announced Wednesday it will lead a $100 million investment round in Indonesian ecommerce giant PT Tokopedia, the Japanese mobile carrier's third investment overseas under Vice Chairman Nikesh Aurora.

Recent Japan News


Quiet critic of Kuroda's 'monetary shamanism' turns up the volume 7:35am BST

TOKYO - Izuru Kato is a soft-spoken and bookish economist, but his dismissal of the Bank of Japan's stimulus policy as "monetary shamanism" is ringing loud in the ears of bank Governor Haruhiko Kuroda.

Japan exports rebound, but economy still not out of woods 7:35am BST

TOKYO - Japan's exports rose at the fastest pace in seven months in September as sales to Asia picked up, but signs of slowing global growth may hurt the trade sector's ability to recharge the world's third-biggest economy and keep up pressure for fresh stimulus.

Japan PM adviser Honda urges delaying planned sales tax hike to April 2017 7:35am BST

TOKYO - An economic adviser to Japanese Prime Minister Shinzo Abe said on Wednesday that the next sales tax hike should be delayed until April 2017, given the big risk that a tax increase would pose to the fragile economy.

INTERVIEW-Sompo Japan Nipponkoa seeks to top up U.S. bond holdings on dollar dips 7:13am BST

* Expects dollar/yen to strengthen due to solid U.S. economy

INTERVIEW-Sompo Japan Nipponkoa seeks chance to buy U.S. bonds on dollar dips 6:15am BST

TOKYO, Oct 22 - Sompo Japan Nipponkoa Insurance Inc, one of Japan's top three non-life insurers, is looking for dips in the dollar against the yen to buy foreign bonds, a senior investment planning official at the company said on Wednesday.