Tag: banking

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 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 ...)

TOKYO Japanese Finance Minister Taro Aso said on Friday he wants to use the U.S.-Japan economic dialogue as a platform to discuss rules for free trade and investment. Aso said the dialogue would discuss economic policy, infrastructure and energy ... ( read original story ...)

TOKYO -- Japan's forestry sector is vastly understaffed, leaving lumber resources planted decades ago in danger of going to waste, according to a survey by The Nikkei. Some 93% of the forest owners' cooperatives polled reported being short-staffed ... ( read original story ...)

Weakness in energy and financial shares pushed Wall Street lower on Thursday. The Dow Jones Industrial Average dropped 0.5 percent to close at 21,002.97 after breaking through 21,000 for the first time Wednesday. In Tokyo trading, Nintendo jumped 3.78 ... ( read original story ...)

The Japan Bank Consortium to Central Provide Domestic and Cross-Border Payment, which was launched in October 2016 by leading Japanese financial institutions, and the blockchain company SBI Ripple Asia have announced that its 47 member institutions plan to ... ( read original story ...)

TOKYO (Reuters) - Japan's core consumer prices rose for the first time in over a year in January due to a pickup in energy costs and private consumption, offering some hope for the central bank's efforts in accelerating inflation to its 2 percent target. ( read original story ...)

It is not surprising to find out a Japanese bank consortium is looking to integrate blockchain technology. What is somewhat surprising is how the group wants to use Ripple’s blockchain to improve their payment infrastructures. The plan is to use this ... ( read original story ...)

A consortium of Japanese banks is planning to use distributed ledger technology — better known as blockchain — from a Google-backed fintech start-up to make domestic and international payments. This follows a successful implementation of a pilot ... ( read original story ...)

TOKYO, March 2 Japan's Nikkei share average hit a 14-month peak on Thursday as the yen weakened against the dollar on heightened expectations for the Federal Reserve to raise interest rates this month and after Wall Street soared to record highs. ( read original story ...)

TOKYO -- The Japanese government is developing a new framework for helping foreigners who need emergency medical or other assistance. The move, spearheaded by the Ministry of Internal Affairs and Communications, comes at a time when record numbers of ... ( read original story ...)

TOKYO, March 2 Japan's Nikkei share average hit a 14-month high on Thursday after Wall Street soared and the dollar gained on rising expectations the U.S. Federal Reserve will hike interest rates in March. The Nikkei gained 1.1 percent to 19,605.85 points ... ( read original story ...)

TOKYO (Reuters) - Group of 20 finance leaders will likely refrain from making big changes to their commitment to resist currency wars at this month's meeting in Germany, despite U.S. President Donald Trump's rhetoric on exchange-rate policy, Japan's former ... ( read original story ...)

A consortium of Japanese banks is planning to use distributed ledger technology — better known as blockchain — from a Google-backed fintech start-up to make domestic and international payments. Getty Images This follows a successful implementation of a ... ( read original story ...)

Comcast announced that its NBC Universal division is set to acquire the remaining 49% stake in Osaka-based Universal Studios Japan ... You may be curious about the buzz surrounding Snap Inc.'s IPO on March 2. With the company expected to be valued around ... ( read original story ...)

An official from Japan’s central bank invoked failed ethereum project The DAO in a speech yesterday, suggesting that reoccurrences of such events could impede blockchain adoption. Speaking at a fintech forum hosted by the bank, Shigehiro Kuwabara ... ( read original story ...)