TOKYO/MUMBAI Japan's Nippon Life Insurance Co has agreed to nearly double its stake in India's Reliance Life Insurance, becoming the latest foreign firm to take advantage of a rule change and raise its sights in a market seen offering rich potential.
Recent Japan News
TOKYO Japan will raise the minimum wage by 3 percent each year from next fiscal year as part of a package of policies aimed at strengthening consumer spending and stoking economic growth.
* Sharp still struggling after $1.7 bln rescue in May (Adds background on Sharp, lenders; Sharp, banks decline to comment)
TOKYO Japanese Prime Minister Shinzo Abe said on Tuesday the government needs to raise the minimum wage by an annualized 3 percent to bolster consumer spending.
TOKYO, Nov 24 A Japanese state-backed fund has asked the main lenders of Sharp Corp to forgive some of the screen maker's debt in return for investment, people familiar with the matter said on Tuesday.
* Potential seen in under-penetrated Indian insurance market (Adds details, context on other deals)