Japan's 'Suganomics' will target quick wins, not grand visions

 Japan's 'Suganomics' will target quick wins, not grand visions

Japan's new prime minister will pursue economic structural reforms through a mixed bag of policies that target specific industries, rather than a grand strategy to reshape society and boost long-term growth. Armed with a strong grip on Japan's bureaucracy, Yoshihide Suga knows which levers to pull to get results, say ...

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Walmart’s Flipkart charting roadmap for overseas IPO: report

Walmart’s Flipkart charting roadmap for overseas IPO- report

Walmart-controlled Indian e-commerce firm Flipkart is preparing for an initial public offering (IPO) overseas as soon as next year, a move that could value the firm at up to $50 billion, sources familiar with the company's plans told Reuters. Bengaluru-based Flipkart, which vies with players such as Amazon.com's local unit ...

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Bank of Japan upholds policies as economy slowly revives

Bank of Japan upholds policies as economy slowly revives

Japan's central bank said on Thursday it would maintain its ultra-loose monetary policy as the virus-hit economy gradually picks up, with no big changes announced the day after new Prime Minister Yoshihide Suga took office. Suga has pledged to continue the policies of former leader Shinzo Abe, whose signature "Abenomics" ...

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KKR raises over $11 billion in Asia fund

KKR raises over $11 billion in Asia fund

HONG KONG: Private equity powerhouse KKR & Co has raised over $11 billion after the first-close of its fourth Asia-focused fund, its Beijing-based managing director Chris Sun said on Wednesday. KKR started marketing the new Asia fund towards the end of last year before the Covid-19 pandemic, targeting $12.5 billion ...

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Shadow banking the 'Iron Man' of India’s financial services

Shadow banking emerges as the “Iron Man” of India’s financial services

(ATF) India’s troubled shadow banking sector may not be firing on all cylinders yet, but it is riding out its worst crises, and even impressing experts with its resilience. However, concern remains with the smaller shadow lenders who continue to face funding challenges and may need hand-holding for a while ...

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Yoshihide Suga named Japan's new prime minister

Yoshihide Suga named Japan's new prime minister

Yoshihide Suga became Japan's new prime minister on Wednesday, with the former chief cabinet secretary expected to stick closely to policies championed by Shinzo Abe during his record-breaking tenure. Suga, 71, won an easy victory in a parliamentary vote, where his ruling Liberal Democratic Party (LDP) holds a commanding majority. ...

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Japan's exports extend double-digit declines as pandemic hits demand

Japan's exports extend double-digit declines as pandemic hits demand

(ATF) TOKYO - Japan's exports posted a double-digit slump for a sixth straight month in August as US-bound shipments shrank due to a global demand slowdown from the coronavirus pandemic, casting a shadow over a trade-led recovery from the deep recession. The export decline highlights the immense task Yoshihide Suga, ...

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