Tag: banking

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 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 ...)

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 ...)

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 ...)

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 ...)

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 ...)

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 ...)