Tag: banking

This would hurt the Bank of Japan, which has been making some progress toward 2 percent inflation. "I think it’s likely we are going to see some deceleration in the pace of economic expansion," said Takashi Shiono, an economist at Credit Suisse (SIX ... ( read original story ...)

TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Friday he had no intention now of stepping down to take responsibility for the resignation of the National Tax Agency chief, who came under fire for remarks about a suspected cronyism scandal. ( read original story ...)

TOKYO (Reuters) - Japanese Finance Minister Taro Aso will hold a news conference at 7:40 pm (1040 GMT) on Friday, the ministry said in a statement. The subject of the press conference was not immediately known. Earlier on Friday a ruling party source said ... ( read original story ...)

TOKYO (AP) — Japan's finance ministry has confirmed the death of an official linked to a scandal potentially involving Prime Minister Shinzo Abe's wife. Ministry officials acknowledged the employee's death at a parliamentary hearing Friday, but refused ... ( read original story ...)

TOKYO (Reuters) - Japanese police are investigating as possible suicide the death of an official at a finance ministry bureau that handled a land deal at the heart of a cronyism scandal threatening Prime Minister Shinzo Abe's popularity, media said on Friday. ( read original story ...)

TOKYO (Reuters) - Japan’s central bank kept monetary settings unchanged on Friday and stuck to its upbeat view on the economy, underscoring its conviction that its massive stimulus program is helping drive inflation toward its elusive target. With fears ... ( read original story ...)

TOKYO—The Bank of Japan left its aggressive easing policy unchanged Friday and offered no new clues on when and how it might join other major central banks in winding down its measures as Haruhiko Kuroda heads toward a second five-year term as governor. ( read original story ...)

In addition, a weaker yen lifted exporters' shares. Meanwhile, the Bank of Japan will wrap up its monetary policy meeting announce its decision on interest rates later in the day. The central bank is widely expected to keep its benchmark lending rate ... ( read original story ...)

A spate of data issued on Friday cast doubt on the Bank of Japan’s optimistic projection that a strengthening recovery will prompt firms to hike wages and boost consumption, helping accelerate inflation to its elusive 2 percent target. The weakness in ... ( read original story ...)

CNBC reports that the Japan Bank Consortium, comprised of 61 member banks, is set to release MoneyTap, a Ripple-powered smartphone app that will allow customers to settle transactions in real time. The country's current system for cash transfers is limited. ( read original story ...)

Ripple powered mobile app to provide on-demand domestic payments in Japan — Ripple — “MoneyTap allows the bank consortium customers to make instant domestic payments and only requires a bank account, phone number, or QR code… The Japan bank ... ( read original story ...)

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector. ( read original story ...)

The stock of OITA BANK LTD ORDINARY SHARES JAPAN (OTCMKTS:OITAF) registered an increase of 800% in short interest. OITAF’s total short interest was 900 shares in March as published by FINRA. Its up 800% from 100 shares, reported previously. It closed at ... ( read original story ...)

BEIJING (dpa-AFX) - The Bank of Japan will wrap up its monetary policy meeting on Friday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The central bank is widely expected to keep its ... ( read original story ...)

Ripple said that the app would make it easier for banks to settle round-the-clock domestic payments in Japan. Consumers will require a bank account, phone number or a QR barcode to use the app, Ripple said. The banking consortium is led by SBI Ripple Asia ... ( read original story ...)

Yesterday, in a statement that received surprisingly little attention, the Japanese Bank Consortium unveiled a mobile app built on Ripple’s distributed ledger. The app is called “MoneyTap.” It will give customers the power to send money around the ... ( read original story ...)