The Japanese Finance Ministry on Friday confirmed it spent trillions of yen over the past month to slow its dramatic fall against the U.S. dollar. The finance ministry said it spent $62.25 billion ...
Japan confirms first currency intervention since 2022 with $62 billion in spending
Data from Japan's Ministry of Finance confirmed the country's first currency intervention since 2022, after the Japanese yen plunged to a 34-year-low in April. This is the first time that the ...
Crypto ‘re-staking’ platforms boom as traders chase bigger returns
More than $18 billion worth of cryptocurrency has moved into a new type of platform which offers investors rewards in exchange for locking up their tokens, in a complex scheme that analysts warn poses a risk for users and the crypto market.
Japan Stocks Finish Higher at Close; Nikkei 225 Rises by 1.27%
Japan’s stock market exhibited positive momentum, witnessing a notable uptick as the Nikkei 225 index surged by 1.27% by the end of the trading session. This upward trajectory was primarily buoyed by ...
Japan’s retail sales rises more than expected in April, industrial production unexpectedly fall
Japan's retail sales rises more than expected in April, while industrial production unexpectedly falls. Industrial production in Japan was down 0.1% month-over-month in April 2024, missin.
Japanese funds will unlock powerful virtuous cycle: podcast
Pushy foreigners helped boost short-term value in the Nikkei stock index. In this Exchange podcast, Hiroyuki Otsuka, CEO of Newton Investment and ex-Carlyle executive, explains how local asset managers will create the next wave of gains and usher in dramatic change for Japan.
Japan’s Nikkei ends at one-month low
TOKYO: Japan’s Nikkei share average ended lower for a third consecutive session on Thursday, tracking the headwind from a slump on Wall Street while a spike in global yields also dampened sentiment.
Dollar steadies before inflation test; yen brushes off Tokyo CPI
The dollar was licking wounds against peer currencies on Friday after a downward revision to U.S. GDP for the first quarter suggested room for rate cuts this year, while investors braced for inflation ...
Japan will respond to excessive foreign exchange movement, finance minister says
Japan will take appropriate action against excessive currency movement, Minister of Finance Shunichi Suzuki said on Friday, stressing the importance of stability in the foreign exchange market.Suzuki ...
Ex-law firm partner fights US conviction over $400 mln crypto scam
A former partner at U.S. law firm Locke Lord said prosecutors failed to prove he knew he was involved in a $400 million fraudulent cryptocurrency scheme, arguing to a U.S. appeals court that there was little evidence supporting his November 2019 conviction.
Bond Traders Make One-of-a-Kind Gain at Tiny Bank in Rural Japan
Ehime is a rural prefecture in Western Japan best known for hot springs, citrus fruit and cycling. It is also home to some savvy bond traders. Most Read from BloombergWorld’s Largest Nuclear Plant Sit ...
Core Inflation in Japan’s Capital Accelerates, Keeps BOJ Rate Hike View Alive
Core consumer prices in Japan's capital rose 1.9% in May from a year earlier, data showed on Friday, accelerating from the previous month and keeping alive market expectations the central bank will ...
Carolina Hurricanes defenseman Jaccob Slavin wins Lady Byng Trophy for second time
The annual award, chosen by Professional Hockey Writers Association, recognizes “sportsmanship and gentlemanly conduct combined with a high standard of playing ability.” ...
Dollar regroups before inflation test; yen brushes off Tokyo CPI
TOKYO (Reuters) - The dollar was licking wounds against peer currencies on Friday after a downward revision to U.S. GDP for the first quarter suggested room for rate cuts this year, while investors ...
Tokyo Inflation Picks Up, Keeping BOJ on Track for Rate Hike
Inflation in Tokyo accelerated in May, keeping the Bank of Japan largely on track to consider a rate hike in coming months.Most Read from BloombergDonald Trump Becomes First Former US President Guilty ...
CryptoHeap Addresses the Often Misunderstood Risks of Crypto Staking
As the popularity of cryptocurrency staking continues to grow, CryptoHeap, a leader in the digital asset management sector, is taking an important step to educate the market on the often misunderstood ...