TOKYO North Korea has declared void an agreement to reopen a probe into the fate of abducted Japanese citizens after Japan imposed sanctions in the wake of Pyongyang's rocket launch, according to North Korea's official KCNA news agency.
Recent Japan News
NEW YORK The Bank of Japan designed its new negative interest rates to avoid hurting bank profits, and the recent drop in bank stocks is "overdone," the BOJ's deputy governor said on Friday in what amounted to a defence of last month's shock policy decision.
NEW YORK, Feb 12 The Bank of Japan designed its new policy of negative interest rates to alleviate any unintended burden on banks' profitability, a top BoJ policymaker said on Friday, adding he thought the recent drop in bank shares was "overdone."
* Portion held in JGBs drops to 40.8 pct end-Dec vs 45.2 end-Sept
TOKYO, Feb 12 Japan Post Holdings Co said on Friday it could review the investment portfolios of its banking and insurance units next financial year due to the Bank of Japan's negative interest rate policy.
TOKYO Japan's Nikkei share average stumbled to a fresh 16-month low in heavy trade on Friday, and posted the biggest weekly drop since 2008 as investors scrambled to dump risky assets after the dollar dived to a 15-month low against the yen.