The number of investments made by Japanese banking and investment firms in blockchain related startups is well known. SBI Holdings, MUFJ, Mizuho Financial Group and others have invested in some of the leading cryptocurrency technology companies in the country. ( read original story ...)
Japan’s Deflation Problem despite a Low Interest Rate Environment
In the last two decades, Japan’s central bank has revisited its economic policies in an effort to revive its sagging economy (EWJ) (DXJ). The country’s central bank had been using the unconventional strategy of implementing negative interest rates to ... ( read original story ...)
DIARY-Top Economic Events to April 27
TOKYO - Bank of Japan starts its two-day monetary policy meeting (to March 16). THURSDAY, MARCH 16 LONDON - Bank of England rate decision and publication of its meeting minutes. BERN - Swiss National Bank monetary policy assessment. OSLO - Norway Central ... ( read original story ...)
Man suspected in murder of elderly Nagoya couple surrenders to police
AICHI (TR) – Aichi Prefectural Police have arrested a 42-year-old man in the killing of an elderly couple in their residence in Nagoya last week, reports TBS News (Mar. 6). On Saturday evening, Hiroshi Matsui surrendered to police over the killing of ... ( read original story ...)
2011 Japan Earthquake – Tsunami Fast Facts
(CNN) -- Here's a look at the earthquake and tsunami that struck Japan in March of 2011. March 11, 2011 - At 2:46 p.m., a 9.1 magnitude earthquake takes place 231 miles northeast of Tokyo at a depth of 15.2 miles. The earthquake causes a tsunami with 30 ... ( read original story ...)
Earthquake Smarts
We’re practicing disaster vocabulary midway through an English-language workshop on earthquake preparedness. After some repetition and a lively game of karuta (a Japanese card game) to reinforce the vocab, even the non-Japanese speakers among us are able ... ( read original story ...)
China trims 2017 growth target, warns against trade controls
“We must be fully alert to the buildup of risks related to non-performing assets, bond defaults, shadow banking and Internet finance,” said Li. Banking and securities regulators already have said their priority this year is reducing risk and watching ... ( read original story ...)
BoJ: Blockchain Could Come Under Dark Cloud Amid DAO Hack
The Bank of Japan’s director has said that it’s important to constantly engage in taking measures against threats made to the blockchain or else it could impact the technology’s credibility and hinder its development. Speaking at the third meeting of ... ( read original story ...)
Kasikorn Bank becomes first to handle transactions in all ASEAN+3 currencies
Kasikorn Bank Vice President Silawat Santiwisad pointed out that trade between Thailand and the ASEAN+3 group, which includes China, Japan and South Korea totaled up to 66 trillion baht last year. The figure has prompted the bank to develop a system ... ( read original story ...)
Yellen provides cover for Draghi and Kuroda to reduce monetary stimulus
Mario Draghi, head of the European Central Bank, is facing huge pressure from Germany's powerful Bundesbank, to start raising its key deposit rate – which sits at an emergency low of minus 0.4 per cent. Similarly, Japanese banks and insurance companies ... ( read original story ...)
Two popular views that can't both be right
Would you expect to read the following story in the New York Times, in July 2006? TOKYO, July 14 -- Economists applauded the Bank of Japan's interest rate increase, the first in six years, as a long-awaited signal that Japan's $4.6 trillion economy is ... ( read original story ...)
A Japanese Fix for American Savings: 1.25 Percent Interest
But it's now topped by an offer that just came out from a just-launched, savings-only division of San Francisco-based MUFG Union Bank. The new entity, PurePoint Financial, offers a rate of 1.25 percent on a savings deposit of at least $10,000, and 1.4 ... ( read original story ...)
Why I quit my London investment banking job to open an art gallery in Paris
He says contemporary Japanese photography is still an untapped niche in art ... “There are a lot of people in banking who are keen art collectors, and I have friends in finance who are interested in buying some work,” he says. “I’m a salesman ... ( read original story ...)
One day after Japan legalizes Bitcoin, Austria opens up first 'Bitcoin Bank'
Yesterday Japan announced that they are accepting Bitcoin as legal tender in their monetary system, making them the first nation to legitimize the crypto-currency into their financial system. Now on Feb. 10, a blockchain based tech company in the city of ... ( read original story ...)
Japan's Race to 2% Inflation: ETFs in Focus
Japan’s core inflation has returned for the first time in more than a year owing to increased energy prices, giving signals that the country is on its path to reach its inflation target of 2%. Even though the unemployment rate dropped to 3%, its lowest ... ( read original story ...)
Gamba Osaka beats Kashiwa 3-1 for 1st win in J-League
TOKYO - Gamba Osaka won its first game of the J-League season on Sunday, beating Kashiwa Reysol 3-1 on a pair of goals from Shun Nagasawa. Nagasawa headed in a cross from Hiroki Fujiharu in the seventh minute and scored again in the second half after ... ( read original story ...)