Tag: banking

The additional revision for gross domestic product (GDP) compared with economists' median forecast for a 2.8% contraction in a Reuters poll. On a quarter-on-quarter basis GDP shrank 0.6%, also ... ( read original story ...)

Japan's economy shrank an annualised 2.2% in January-March, unchanged after a second revision, data from the Cabinet Office showed on Monday. The additional revision for gross domestic product (GDP) ... ( read original story ...)

This week, bitcoin rallied past $11,000 and value in DeFi climbed toward $4 billion. But what's the point of crypto if regular markets are just as volatile? ( read original story ...)

Bank of Japan (BOJ) and Financial Services Agency (FSA), a top currency official Okamura said that the govt and BOJ ... ( read original story ...)

The bitcoin price has now bounced back to trade at around $11,300—but not before more than $1 billion of bitcoin positions were liquidated across various crypto ... ( read original story ...)

TOKYO -- Ryozo Himino is set to take the initiative in updating the administration and regulation of Japanese finance in line with global trends as new chief of the Financial Services Agency. ( read original story ...)

Shandong Industrial Cooperation Conference was held concurrently in Jinan, Tokyo and Osaka on July 30, bringing together government officials and business executives across all sectors in Japan and in ... ( read original story ...)

A revised free trade pact between Japan and the Association of Southeast Asian Nations facilitating the cross-border flow of services and investment entered into force on Saturday. The deal took ... ( read original story ...)

For the first time since Haruhiko Kuroda took the helm in 2013, the Bank of Japan isn’t projecting more optimism than private economists in a shift in its messaging facilitated by Covid-19. ( read original story ...)

TOKYO -- SoftBank Group plans to maintain a stake ... SoftBank was already considering an IPO of Arm in the next few years when it was approached by Nvidia last month, according to sources. ( read original story ...)

Didi Chuxing may do an IPO in Hong Kong, as early backer Softbank seeks an exit to raise cash for its Vision Fund 2. ( read original story ...)

It's hard to write-off crypto scam & exchange hack losses on your taxes. But, even if you could, the actual tax benefit of those write-offs may not be significant. ( read original story ...)

The Bank of Japan (BOJ) has appointed notable economist Kazushige Kamiyama as the new head of a department that oversees research on central bank digital currencies (CBDCs).  According to a Reuters ... ( read original story ...)

Twitter has revealed a little more detail about the security breach it suffered earlier this month when a number of high profile accounts were hacked to spread a cryptocurrency scam — writing in a ... ( read original story ...)

Mizuho Financial Group said on Friday its net profit dropped 24.6% in the first quarter of its financial year as credit-related costs rose amid the coronavirus pandemic. For the current financial year ... ( read original story ...)

Japanese Finance Minister Taro Aso described the yen's recent rise as "rapid" on Friday, signalling concern that a strong currency could add pain to an export-led economy already in recession because ... ( read original story ...)