Japan’s wholesale power rate spiked as a forecast for potentially heavy snow in the nation’s capital this week may boost heating demand. The country’s next-day spot electricity price surged 79% on ... ( read original story ...)
Tokyo waterworks bureau paid $1.4M in overtime to 1,072 workers after labor advisory
The Tokyo Metropolitan Government's Bureau of Waterworks has paid about 160 million yen (approx. $1.4 million) to its 1,072 employees as comp ... ( read original story ...)
Japan’s COVID payouts strain lenders, expose BOJ policy flaws
A surge in deposits caused by the government's huge cash payouts is straining some Japanese lenders, complicating the central bank's efforts to mitigate the side-effects of its negative interest rate ... ( read original story ...)
Japan Celebrates Ryusuke Hamaguchi’s Four ‘Drive My Car’ Oscar Nominations
The Oscar nominations for “Drive My Car,” Ryusuke Hamaguchi’s three-hour drama about a man dealing with the death of his wife, have thrilled the director’s native Japan. News of the four Academy ... ( read original story ...)
Japan to divert some LNG to Europe in the event of Ukraine disruption
Japan has decided to divert some LNG to Europe if the Ukraine crisis leads to a disruption of supplies after receiving a request from the United States, national broadcaster NHK reported on Wednesday. ( read original story ...)
Money for nothing: New York and Miami’s crypto push draws fans, critics
A small group of cryptocurrency enthusiasts has an offer that they’re hoping U.S. cities can’t refuse. Read more on Boston.com. ( read original story ...)
Bank of Japan policymaker says China’s ‘zero-Covid’ curbs may hurt global growth
The remark follows a warning by International Monetary Fund head Kristalina Georgieva that China should reassess its zero-Covid approach to the pandemic. ( read original story ...)
Bank of Japan’s Kuroda Faces Tough Task to Persuade Markets He Won’t Pivot
The Bank of Japan chose not to deviate from its planned bond purchases, holding fire on Wednesday even as yields continued to rise.Most Read from BloombergAmazon Is Raising Base Salary Cap to $350,000 ... ( read original story ...)
Raging river: Tracing the Arakawa, Japan’s most dangerous water source
Just over 18% of earthquakes in the world take place in Japan, which sits on or near the boundaries of four tectonic plates. In 2013, the government issued a report predicting that there is a 70% ... ( read original story ...)
Tokyo stocks higher in morning on solid domestic earnings
Tokyo stocks were higher Wednesday morning, buoyed by solid earnings results released the previous day by some Japanese companies. The 225-issue Nikkei Stock Average rose 246.3 points, or 0.9 percent, ... ( read original story ...)
The New Normal – Tokyo’s new Hotel Highlights
When travel returns Tokyo is ready and waiting with a staggering range of new accommodation options. In 2020 an incredible 80+ new hotels opened in the capital hoping to welcome international guests ... ( read original story ...)
Utah bill proposes annual commemoration date for the incarceration of Japanese Americans during WWII
Sen. Jani Iwamoto has introduced a bill proposing Utah set aside a day each year to commemorate a dark moment in American history. A Day of Remembrance Observing the Incarceration of Japanese ... ( read original story ...)
Crypto’s aspiring Washington kingmaker
Sam Bankman-Fried — the 29-year-old billionaire who founded FTX in 2019 — is leveraging his new political connections as lawmakers try to understand crypto. ( read original story ...)
Judge Grants Bail to Crypto Couple in $4.5 Billion Hack
A New York judge granted bail for two people charged with trying to launder billions of dollars worth of Bitcoin stolen in a 2016 hack of the Bitfinex currency exchange. ( read original story ...)
Japan’s cash in circulation hits record for 11th straight month
Japan's M3 money supply, a broad measurement of the amount of money available in the economy, rose 3.3% in January from a year earlier, Bank of Japan data showed, slowing from a 3.4% gain in December. ( read original story ...)
The 2022 Sapporo Snow Festival marks a return to the age of ice (sculptures)
Perhaps it’s thanks to the heat of the tropics, but we often take the summery atmosphere of Chinese New Year for granted. Further up north, however, it’s still winter. Spring won’t arrive for another ... ( read original story ...)