The practice of cross-holdings is largely unique to Japan, where it emerged after the war to cement ties with friendly owners and keep more demanding shareholders at bay. “There is a bedrock,” said ... ( read original story ...)
Japan to spend $3.7 billion in budget reserves to back travel campaign
Japan's Cabinet has decided to spend 385.6 billion yen ($3.71 billion) in emergency budget reserves to back the country's domestic travel campaign, the Ministry of Finance said on Friday. ( read original story ...)
NTT makes history with Japan’s biggest bond
Nippon Telegraph and Telephone has raised ¥1trn (US$9.6bn) in the biggest bond offering in the Japanese domestic market, doubling the previous record. TOKYO, December 11 (IFR) - Nippon Telegraph and ... ( read original story ...)
Asian shares extend gains after more Wall Street records
Stocks were mostly lower Thursday in Asia after weakness in technology companies' shares led an overnight decline on Wall Street. Benchmarks fell in Tokyo, Hong Kong and Sydney but edged higher in ... ( read original story ...)
Sapporo to forgo regular exhibits at annual Snow Festival
Sapporo Mayor Katsuhiro Akimoto said Thursday the northern Japan city will forgo exhibiting snow sculptures at its annual Snow Fest ... ( read original story ...)
Yokohama Will Sponsor Jeepspeed Race Series
Yokohama Tire Corp. will be the title sponsor and exclusive tire provider of the Yokohama Tire Jeepspeed Race Series, which is a class within the Best in the Desert racing series. ( read original story ...)
Sapporo to scale back annual Snow Festival in 2021
Sapporo Mayor Katsuhiro Akimoto said Thursday the city will forego exhibiting snow sculptures at its annual Snow Festival scheduled in February for the first time in its 71-year history due to the ... ( read original story ...)
Phelps says world records unlikely in Tokyo
Michael Phelps said the disruption caused by the COVID-19 pandemic means it is unlikely any swimming world records will fall when the postponed Olympic Games are held in Tokyo next year. ( read original story ...)
Tokyo rubber futures lower
Japanese rubber futures closed lower for a fifth straight session on Thursday after government data showed that corporate prices fell the most in six months, highlighting the continued economic pain ... ( read original story ...)
Japan to keep tax cuts for home, car buyers to help virus-hit economy
Japan's ruling coalition approved a tax reform package for fiscal 2021 on Thursday, with planned extensions of tax breaks for home and car purchases to underpin the coronavirus pandemic-hit economy. ( read original story ...)
Solving Crypto’s Long-Standing Fragmentation Problem
One impediment to this has been the fragmentation of the industry. Currently, there are thousands of tokens in the market, each spread across hundreds of exchanges with different user interfaces and ... ( read original story ...)
Coders Flock Back to Crypto Projects With Prices Surging Again
Software developers are flocking back to the cryptocurrency world at a level not seen since the market last peaked three years ago. ( read original story ...)
This Crypto Bank Stock Is Up Nearly 200% in the Last Three Months
Silvergate Capital has developed infrastructure that makes it very attractive for crypto exchanges and institutional traders in the space. ( read original story ...)
Crypto trader and accused Ponzi scheme is now fighting the SEC and jilted investors
The SEC subpoenas the former owner's bank accounts to find out what happened to investments into Crypto Traders Management. Dissolved limited liability company Crypto Traders Management is seeing its ... ( read original story ...)
Japan’s Megabanks Have a $44 Billion Problem With Client Stakes
Japan’s biggest banks have a $44 billion problem: how to sell stakes in their most important clients without losing their business. ( read original story ...)
Olympics-Phelps says world records unlikely in Tokyo
Michael Phelps said the disruption caused by the COVID-19 pandemic means it is unlikely any swimming world records will fall when the postponed Olympic Games are held in Tokyo next year. American ... ( read original story ...)