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 ...)
Nikkei gains to 7-week high helped by strong Wall Street, weak yen
TOKYO: Japan's Nikkei share average raced to a seven-week high on Wednesday as risk sentiment recovered after Wall Street rose overnight on earnings hopes, while a weaker yen lifted shares across the board. Also helping the mood was an easing political ... ( read original story ...)
Japan Nikkei gets an early boost higher off the better US markets
Japan's Nikkei is up 266 points or 1.22% in early trading. The move higher comes on the heels of some lofty gains in the US. The Nasdaq rose by 1.74%. The S&P rose by 1.07% and closed above its 100 day MA at the 2700.47 level. China's stocks are also ... ( 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: Central Bank Digital Currencies Could Destabilize Existing Financial System
Bank of Japan deputy governor said during a recent speech that central bank-issued digital currencies could disrupt the current banking system, not for the better. The Bank of Japan’s (BOJ) deputy governor spoke negatively about the effects of central ... ( 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 ...)
No Plans for National Cryptocurrency, Bank of Japan Official Says
Bank of Japan (BoJ), the country's central banking authority, currently has no plans 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 ...)
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 ...)
Nikkei ticks up, defensive shares shine as trade war worries cast shadow
TOKYO, April 16 (Reuters) - Japan’s Nikkei share average eked out small gains on Monday on relief that U.S.-led strikes on Syria appeared to be a one-off event though lingering caution about a trade war had investors flocking to defensive shares. ( read original story ...)
Top Japan finance official denies sexual harassment, says to sue publisher
TOKYO (Reuters) - Japan's top finance bureaucrat denied on Monday a weekly magazine's allegation that he had sexually harassed female reporters and vowed to sue its publisher for defamation, his ministry said in a statement. The weekly Shincho magazine ... ( 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 ...)
R3 blockchain consortium welcomes Japanese banking giant SBI’s subsidiary
SBI Bank, a Russian commercial banking subsidiary of Japanese financial giant SBI Holdings, has announced that it is joining the New York-based blockchain consortium led by R3, CoinDesk reported. R3’s global network counts over 200 banks, financial ... ( read original story ...)