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Japan nominates former Mitsubishi executive Kazuyuki Masu to Bank of Japan board
Kazuyuki Masu, a former CFO of Mitsubishi Corp, has been nominated by the Japanese government to join the Bank of Japan's policy board, replacing Toyoaki Nakamura. If approved, Masu will start his five-year term on July 1, as the board shifts towards a more hawkish stance amid rising interest rates and global trade tensions.
Mitsubishi to invest 27 billion dollars to boost growth over three years
Mitsubishi Corp plans to invest at least 4 trillion yen ($27 billion) over the next three years to drive growth, targeting a net profit of 1.2 trillion yen by the 2027/28 financial year. The company will allocate around 1 trillion yen for sustaining capital expenditure and over 3 trillion yen for growth investments, while also maintaining a policy of progressive dividends and share buybacks, including a plan to repurchase up to 1 trillion yen of its shares by March 2026. Despite forecasting a drop in net profit to 700 billion yen for the current year, Mitsubishi will increase its dividend by 10 yen to 110 yen per share.
buffett's investment shift highlights global market opportunities beyond the us
Recent trends indicate a significant shift among institutional investors from US equities to international markets, driven by attractive valuations and concerns over the US economy's future. With the S&P 500 generating 41% of its revenues from abroad, the appeal of ex-US markets, including Japan and Europe, is growing, as exemplified by Warren Buffett's increased investments in Japanese firms. Despite challenges, the US remains a dominant player in global capital markets, but must adapt to evolving geopolitical dynamics to maintain its position.
Mitsubishi acquires 6.5 percent stake in GCash for 321.5 million dollars
Ayala Corp. has sold 6.5% of GCash to Mitsubishi Corp. for approximately $321.5 million, equating to 18.4 billion pesos. Following this transaction, both Ayala and Mitsubishi will hold equal stakes of 50% in AC Ventures, which manages GCash through Mynt. Mitsubishi will also acquire 18 million shares of AC Ventures.
warren buffett increases japanese investments amid global market challenges
Warren Buffett's net worth surged by $21 billion this year, making him the top gainer among billionaires, as Berkshire Hathaway's shares rose 16% amid a broader market slump. The company, holding a record $325 billion in cash, has increased its stakes in five Japanese trading houses, signaling a strategic shift towards international investments despite ongoing economic uncertainties. Buffett remains committed to prioritizing equities over cash, emphasizing the value of good businesses.
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