The Bank of Japan's expected rate hike to a 30-year high could unwind the yen carry trade, draining liquidity from risk assets like Bitcoin.
Popular crypto exchange proposes $1B token burn after steep price crash
Token burning refers to permanently removing tokens from circulation by sending them to addresses that cannot be accessed. Crypto projects commonly use fee-based burns, scheduled burns, or ...
Leaked memo shows popular crypto firm may wind down
A leaked message and a federal lawsuit collide, putting a once-prominent crypto venture back under the spotlight.
Japan’s MUFG to invest over $4 billion for stake in India’s Shriram Finance, sources say
Japan's Mitsubishi UFJ Financial Group (MUFG) is set to invest more than $4 billion for a roughly 20% stake in Indian non-bank financial company Shriram Finance, with the deal to be closed on Friday, ...
What Trump’s Embrace of Crypto Has Unleashed
A boundary-pushing array of new crypto ventures have reached the stock market, enticing investors and leading to more risk taking.
Bank of Japan on cusp of raising rates to highest in 30 years
Since it last tightened in January, the Bank of Japan has kept its policy rate target at 0.5%. The long pause has been in large part due to uncertainty caused by U.S. tariffs, but also as policymakers ...
AirTrunk plans second data center in Osaka, Japan
APAC data center firm AirTrunk is expanding its footprint in Japan with a new campus in Osaka. The company this week announced plans to develop its second hyperscale data center in Osaka, OSK2. ( read original story ...)
Japan’s exports rise 6% in November as shipments to the US bounce back
Japan has reported its exports climbed 6% in November from a year earlier as shipments to the United States rose for the first time since March. ( read original story ...)
Japan: Truck catches fire on highway in Osaka, causing traffic delays
A truck caught fire on the Hanshin Expressway No.11 Ikeda Route in Osaka, causing a temporary highway closure and traffic delays. RESTRICTIONS AND USAGE TERMS: Please credit “@excellentneeko via ... ( read original story ...)
Shinsei Bank latest iteration rises 9% in Tokyo debut
TOKYO (Reuters) -- SBI Shinsei Bank shares rose 9% on Wednesday in their trading debut on the Tokyo Stock Exchange's Prime market. The stock opened at 1,586 yen, compared with Shinsei Bank's initial ...
Japan’s NTT to deploy more than 1,000 autonomous buses and robot taxis
TOKYO -- Japanese telecommunications group NTT aims to deploy more than 1,000 self-driving buses and cars across the country by the 2030s, using its nationwide footprint to scale the technology and ...
Bank of Japan set to hike rates to 30-year high Friday. Why that’s bad for the US.
Investors should be watching the central bank’s Friday policy decision, which could unravel the so-called yen carry trade.
For the first time, Tokyo reaches second place in Global Power City Index
The executive director of the Mori Memorial Foundation, which releases the index, said other Japanese cities — such as Fukuoka and Osaka — were rapidly moving up the rankings, too. ( read original story ...)
Thousands flock to see the last 2 pandas in Japan before their return to China
Thousands of people flocked to Tokyo’s Ueno zoo to have a last glimpse of the popular twin pandas that are set to return to their homeland in China next month ... ( read original story ...)
Japan bids farewell to pandas as row with China deepens
Any move by China to leave Japan without pandas would extend and deepen a diplomatic row that erupted in November when Japan’s new Prime Minister Sanae Takaichi speculated on potential Japanese ... ( read original story ...)
SBI Shinsei Bank soars 11% from IPO price in Tokyo trading debut
The lender’s listing has boosted the total volume in the country’s IPO market to a seven-year high Read more at The Business Times.