South Korea’s Financial Services Commission said it will give ‘swift and sufficient’ financial support to companies affected by Japan’s export restrictions in an effort to limit the impact on the economy.
Japan’s decision to restrict key supplies for South Korea’s semiconductor industry has shed light on the considerable size of Japanese investment in the nation’s financial market, stoking concerns over its impact on the nation’s economy if political bickering spreads to the capital market.
Economic initiatives undertaken by the Japanese government and aggressive easing policies from the country’s central bank have injected new growth momentum into the economy. According to a senior banking executive, however, that’s come with some negative consequences.
A handful of executives at SoftBank Group Corp. are weighing the idea of an initial public offering for its Vision Fund, the $100 billion behemoth that has invested in technology companies ranging from Uber Technologies Inc. to WeWork Cos.
The unemployment rate in Japan climbed for the second consecutive month in November as the tightest labor market in decades induced people to leave their jobs in search of better opportunities, government data showed on Friday.