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PayPal surges as pledge to turn “leaner” keeps crypto concerns at bay
PayPal Holdings was set to add $4 billion to its market value as a pledge to turn "leaner" cheered up investors, even as the payments giant disclosed a subpoena from the U.S. Securities and Exchange Commission tied to its stablecoin.
How Japan poses a threat to the global financial system
The bank of japan (boj) failed to deliver a Halloween thriller. Even as central banks elsewhere have raised interest rates in recent years, the boj has stuck with its ultra-loose policy, designed to ...
After 8-Hour Standoff Near Tokyo, Hostages Are Free and Suspect Is Held
The suspect, said by the Japanese media to be 86, was held after the police stormed a post office once two employees had reached safety. ( read original story ...)
Japan’s rates tweak is careful and crafty: podcast
The central bank changed its policy to allow higher 10-year bond yields. Unlike the US, it can afford to raise borrowing costs slowly as inflation is low. In this Viewsroom podcast, Breakingviews columnists explain why monetary tightening as others loosen may give Tokyo an edge. ( read original story ...)
Plan approved to use public money for extra costs of Osaka expo
The central government on Nov. 2 agreed to shoulder additional construction costs for the increasingly expensive 2025 Osaka Kansai Expo. ( read original story ...)
Japan’s SBI Holdings commits $40M to anchor Novastar Ventures future funds
SBI Holdings, a Japanese financial services conglomerate and one of the largest venture capital firms in the East Asian country, has made a $40 million multi-fund commitment to anchor pan-African VC ... ( read original story ...)
Japan laments loss of ex-China premier Li Keqiang as go-between to mend frosty ties
Li was seen as a crucial channel of direct communications and a driver of closer economic ties between Japan and China Another Chinese leader in Li's mould is not expected to emerge in an era of Xi ... ( read original story ...)
Japan gov’t agrees to shoulder extra Osaka Expo construction costs
TOKYO, Nov. 2 (Xinhua) -- The Japanese government said Thursday it has approved the increased estimate of 235 billion yen (about 1.56 billion U.S. dollars) construction costs for the 2025 World ... ( read original story ...)
Police capture suspected gunman, 86, after eight-hour standoff at post office close to Tokyo
Police in Japan ended an eight-hour standoff with a suspected gunman at a post office on Tuesday 31 October by arresting a man after two hostages were freed safely. The man reportedly had entered the post office with a gun in Warabi, ( read original story ...)
You can now get Tokyo Banana Milk at FamilyMart in Japan
However, there’s now no need to ride all the way to Tokyo Station to get your hands on the coveted treat in liquid form. FamilyMart is currently carrying Tokyo Banana drinks at all outlets nationwide (from November 7 in the Kinki region) for a limited time. ( read original story ...)
Japan compiles $113-billion package to cushion inflation
Japan's government on Thursday compiled a package of measures to cushion the economic blow from inflation that will involve spending of more than 17 trillion yen ($113 billion), a move that could ... ( read original story ...)
Japan’s Kishida: Will prod firms to hike wages next year more than 2023
Japanese Prime Minister Fumio Kishida said on Thursday he will prod companies to achieve wage hikes in 2024 that exceed levels seen this year."We hope to ensure that growth in household income exceeds ... ( read original story ...)
Crypto Push Splits Bulls and Bears at $900 Billion Fund Manager
DWS Group, the $900 billion German asset manager which is preparing to introduce crypto exchange-traded funds, is a case in point. “One camp of people in my group is saying forget it, the value of crypto is zero,
Japan’s GDP likely shrank in Q3 as China slowdown hits exports
Japan's economy likely shrank in the July-September period, the first contraction in four quarters, according to a Reuters poll, heightening challenges for the central bank's exit from ultra-loose monetary policy. ( read original story ...)
Akie Iwai of Japan leads LPGA’s Japan Classic with an opening round 9-under 63.
Akie Iwai of Japan has shot a 9-under 63 to lead the first round of the LPGA’s Toto Japan Classic. Three other Japanese players — Nasa Hataoka, Yuna Nishimura, and Mone Inami — were a stroke back after rounds of 64 at the Taiheiyo Club in north central Japan. ( read original story ...)