Friday, February 13, 2015

Japanese Customer News February 13th 2015

Japanese Customer News February 13th 2015







Japanese Customer News February 13th 2015








1

“(Prime Minister Shinzo)Abe’s cabinet will cut the company income tax rate by 3.29 percentage points over the next two fiscal years, aiming for a final levy below 30 per, on par with Germany”

Source: Cheap yen spurs investment by Keiko Ujikane, Bloomberg, The Australian Financial Review, Tuesday February 10th, 2015, page 42.


2

“Japan's Sumitomo Mitsui Trust Bank is in exclusive talks with Citigroup Inc to buy its credit card business in (Japan)…sources with knowledge of the deal had told Reuters that SMBC would acquire the business for about 40 billion yen ($333 million)….Citigroup said in October it was pulling out of consumer banking in 11 markets, including Japan, to cut costs. Its Japanese consumer banking business has been hurt by weak loan demand and falling interest margins..”

Source: Sumitomo Mitsui Trust in talks to buy Citi's Japanese credit card unit: Nikkei, by Amrutha Gayathri, Reuters, Thursday February 12th 2015 www.reuters.com/article/us-citigroup-japan-idUSKBN0LG2QC20150212#Exq1hX72SQUVgjKC.99



3.

“Foreign direct investment into Japan more than doubled last year (2014)…Inbound investment rose 181 per cent to 1 trillion yen (AUS $ 8.4 billion), the highest since 2009…Asia accounted for 54 per cent…US 47 per cent…There was a net outflow of investment from Europe”

Source: Cheap yen spurs investment by Keiko Ujikane, Bloomberg, The Australian Financial Review, Tuesday February 10th, 2015, page 42.

4

“The U.S. Food and Drug Administration said it approved Japan's Eisai Co Ltd's drug to treat the most common form of thyroid cancer more than two months ahead of the review date. The drug, Lenvima, was cleared for use in patients with progressive, differentiated thyroid cancer (DTC) who have not adequately responded to radioactive iodine therapy”

Source: FDA approves Eisai's thyroid cancer drug, by Jason Reed, Reuters, Friday February 13th, 2015. www.reuters.com/article/us-eisai-fda-idUSKBN0LH1N820150213#ATEeHcXD7pHtCTcV.97



5

“Canon Inc made a ..($2.83 billion) offer for (Swedish) network video surveillance leader Axis AB … .Around half of its sales come from the Americas, 40 percent from Europe, the Middle East and Africa, and the rest from Asia…(it is).. the biggest purchase ever for the Japanese firm … The deal will make Canon a top player in the video surveillance market, which was worth an estimated $15 billion at the end of last year, according to researcher HIS… (the highly prized) $3.86 billion segment for network-connected security cameras which is led by Axis with a 17.5 percent share as of 2013(is part of the deal)…(Canon)..which earned over 80 percent of its revenue overseas in 2014, said it would pay in cash.”

Source: Canon to buy video surveillance leader Axis for $2.8 billion by Ritsuko Ando, Chris Gallagher and Olof Swahnberg, Reuters, Tuesday February 10th, 2015.http://www.reuters.com/article/us-axis-canon-idUSKBN0LE0KK20150210#ossm0f3KvbWQVGe5.97




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