Tag: banking

Central bankers say the success of bitcoin and other cryptocurrencies is just a bubble. But it keeps them awake at night because these private currencies threaten their control of the banking system and money supply, which could undermine the monetary ... ( read original story ...)

China , Japan and South Korea account for a quarter of the world's output of goods and services. Their combined trade surplus is currently running at an annual rate of $400 billion. They can recycle that trade income to finance, with interest, most of ... ( read original story ...)

In many cases, Japanese companies with high profit gains also registered large sales increases. This helped the Nikkei average rise to a 26-year high. Sony reported a twentysevenfold year-on-year jump in net profit in the July-September period, the highest ... ( read original story ...)

is planning a $300-million IPO this year with a target to list in the first quarter of 2018. Vietnam wants Japanese and Osaka firms to expand their operations in the country, especially in farm produce processing and consumption, the support industry ... ( read original story ...)

Line, which will be the first Japanese company to list new shares in the US since 2000, had already increased the suggested price range for its IPO after stronger-than-expected demand. On the surface, the joint listing could not have come at a worse time. ( read original story ...)

The U.S. airlines' departure is a warning flag to Japan, which still aims to be the gateway to the Asia-Pacific region. Nikkei staff writer Kim Jaewon in Seoul contributed to this story. ( read original story ...)

As a Japanese executive, who worked 23 years for U.S investment bank Goldman Sachs, I have always been puzzled by how few Japanese rise to the top ranks of foreign firms in Japan. In posts where dealing directly with Japanese clients is the key to success ... ( read original story ...)

TOKYO -- Japan will team with the U.K. to develop an air-to-air missile, Tokyo's first defense equipment project with a partner other than the U.S. and a potential turning point for the country's arms export policy. The planned weapon will incorporate a ... ( read original story ...)

The head of the Japanese central bank’s payments department doesn’t see digital currencies like bitcoin replacing physical cash anytime in the near future. Speaking at a FinTech forum in Tokyo on Wednesday, Bank of Japan (BOJ) senior official Hiromi ... ( read original story ...)

Hiromi Yamaoka believes digital currency solutions are not yet mature enough to replace physical money, even if the banking industry is increasingly looking to modern technology. Banking has been transformed over the last two decades, for customers and the ... ( read original story ...)

A former industrial city and one-time financial centre, Osaka has evolved to become a popular tourist destination, offering great food and shopping, as well as rich culture. Tourists were also quoted as saying that Tokyo is a little too busy, and Osaka ... ( read original story ...)

Vietnam’s Central Bank, located in Hanoi (Photo credit: Shutterstock) A 1897 Coinage Law made Japan an Asian economic trail blazer. It became the first nation to adopt a gold standard. The law made Japan’s currency, called the Yen, fixed at 0.75 gram ... ( read original story ...)

TOKYO -- Twenty-three companies are planning initial public ... says Tomohiro Suzuki, head of IPO support at auditing company KPMG Azsa. The TSE will continue to ask securities underwriters to help ease the IPO rush in December. Absorption of investor ... ( read original story ...)

Japan's Nikkei share average rose to a near two-week high on Wednesday, buoyed by gains in large-cap stocks such as SoftBank and Fanuc, and financial companies as global growth hopes lifted the mood across world markets. The Nikkei ended 0.5 per cent ... ( read original story ...)

TOKYO (Reuters) - Financial technology is fast revolutionizing the banking industry but digital currencies will not replace physical money any time soon, a senior Bank of Japan (BOJ) official said on Wednesday. “It’s too far off,” Hiromi Yamaoka ... ( read original story ...)

Image credit: Masaru Ikeda See the original story in Japanese. Tokyo-based Xenodata Lab., the Japanese startup developing an AI-powered finance data analytics leveraging Natural Language Processing (NLP), announced today that it has raised 250 million yen ... ( read original story ...)