In today’s briefing:
- Good Morning Japan |NYSE Glitches; Stocks Mixed; While JP Freezes the Public Warms to Nuclear Power
- Japan Fintech – Cashless Payments Competition Is Heating Up
Good Morning Japan |NYSE Glitches; Stocks Mixed; While JP Freezes the Public Warms to Nuclear Power
- OVERSEAS. Stocks Mixed as SPX -0.1% as NYSE Glitches on Open; MSFT Beats but Chip Giant Texas Instruments weak; DoJ calls for Google Ad Break up
- JAPAN. NKY Futs -0.4% vs Cash; USDJPY steady at 130.19; Japan Freezes – No Joke; Nikkei Survey shows public sentiment toward Nuclear Power improving; Nidec misses; Elliot tgts DNP
- DAILY NUGGET. Is Japan Stuck ? This is the view of outgoing BBC reporter. We disagree – changes are happening.
Japan Fintech – Cashless Payments Competition Is Heating Up
- Japan trails global peers in the proportion of payments that are cashless but it is starting to close the gap led by Internet and telecom companies
- Rakuten is a fintech leader in Japan (15% of cashless payments) but PayPay is closing the gap as it ramps up cashless app users
- We expect compound annual growth in the mid-teens but margin expansion will be limited by competitive intensity
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