Japanese bank shares tumble on collapse of investment scheme

The collapse of a company that persuaded hundreds of salarymen to invest almost $1bn in ultra-cheap “shared house” developments for single women in Tokyo has triggered a probe into lending practices at one of Japan’s most successful regional banks ... ( read original story ...)

Bank of Japan Turns Back on State-Issued Cryptocurrency

Digital currencies issued by central banks may have a large impact on the current financial system, the Deputy Governor of Japan’s central bank Masayoshi Amamiya said during a fintech conference. He told attendees, including representatives of the ... ( read original story ...)

Top Japan finance official quits after harassment claims

The top bureaucrat at Japan's finance minister quit Wednesday following allegations he sexually harassed female reporters, saying he wanted to clear his name. Junichi Fukuda has denied a magazine report he harassed several women, but calls for him to step ... ( read original story ...)

Japan Bank Falls Most Since 1975 Over Faked Documents Report

Suruga Bank Ltd., the worst-performing bank stock in Japan this year, tumbled the most since 1975 after the Asahi newspaper reported that it gave property investment loans based on faked applications. Real estate companies provided the regional bank with ... ( read original story ...)

Japanese Bank Falls Most Since 1975 Over Faked Documents Report

Suruga Bank Ltd., the worst-performing bank stock in Japan this year, tumbled the most since 1975 after the Asahi newspaper reported that it gave property investment loans based on faked applications. Real estate companies provided Suruga Bank with ... ( read original story ...)

Ex-Goldman Banker Joins Japanese Startup Seeking IPO

He declined to give the exact timing of any listing. Tokyo-based VisasQ’s business focuses on putting corporate clients in touch with its network of about 60,000 experts for interviews and advice. Formed in 2012, it has received about $3 million from ... ( read original story ...)

Bank Of Japan Not To Issue Digital Currency

Bank of Japan (BoJ) has made it clear that it will not issue a central bank digital currency, citing financial stability concerns. However, the Deputy Governor of Japan's central banking authority said there is need to understand innovative technologies ... ( read original story ...)

Japanese Official: No Plans For Central Bank Cryptocurrency

Bank of Japan (BoJ), the country's central banking authority, currently has no plan to issue a central bank digital currency (CBDC), citing financial stability concerns. In a closing remark at a conference with the International Monetary Fund and Japan's ... ( read original story ...)

How Nissin sparked an instant food culture

Operating from a small shack in the backyard of a house in Ikeda in Osaka Prefecture, Momofuku Ando labored through ... to buy shares of the instant noodle maker when a unit launched an IPO in Hong Kong in December last year. I believed I was being a ... ( read original story ...)