Charles Schwab's incoming CEO is in the same boat. "Crypto has certainly caught many's attention, and they've made a lot of money doing it," Rick Wurster, the bank's current president, told Bloomberg in a Thursday interview. "I have not bought crypto ...
Illicit Crypto Inflows from Japanese Exchanges Drop in H1 2024: Chainalysis
Illicit crypto inflows tied to scams on Japanese exchanges saw a major decline in the first half of 2024, according to Chainalysis.
Japan’s Don Quijote, Bic Camera to open tourist-focused stores
TOKYO -- Japanese retailers Don Quijote and Bic Camera plan to open stores geared for foreign tourists in Japan as spending by inbound visitors hits record levels.
A proposed climate tax on crypto mining is gaining momentum
A levy on energy-hungry crypto mining, at $0.045 per kilowatt-hour (kWh) of electricity used, could generate $5.2 billion in revenue annually, according to a report released last week by the Global Solidarity Levies Task Force, led by Kenya, Barbados, and France.
Bank of Japan will proceed cautiously with normalisation in 2025
The Bank of Japan has an important short-term decision to make regarding whether to raise interest rates in December or January to 0.5 per cent. This will depend largely on whether the yen weakens ...
Latest US Sanctions Will Not Hit Osaka Gas Purchases of Russian LNG
The latest U.S. sanctions against Russia are not expected to affect the purchases of Japan’s Osaka Gas of Russian LNG under its long-term contract for LNG from the Sakhalin-2 LNG project, Osaka Gas’s ...
Memory chipmaker Kioxia set for December IPO in Japan, valued at $4.9B – report
Private equity firm Bain Capital-backed Kioxia is being valued at about 750B yen (around $4.85B) in its proposed Japanese IPO.
Japan government to approve $140bln stimulus
Chief government spokesman Yoshimasa Hayashi said Friday that the package expected to be worth 21.9 trillion yen ($141.8 billion) would be approved by Ishiba's cabinet later in the day ...
Bain-Backed Kioxia Sets IPO Price for December Tokyo Debut
Bain Capital-backed Kioxia Holdings Corp. is setting its indicative IPO price at ¥1,390 per share, the latest attempt to capitalize on Japan’s stock market renewal.
Japanese seafood processor opens $13m Vietnam plant
HO CHI MINH CITY -- Japan's No. 3 seafood processor, Kyokuyo, has opened a $12.65 million factory in Vietnam, following widespread concerns around Fukushima water safety and overreliance on China. From the plant, the company plans to export products around the world, including to Japan and Southeast Asia, the company told Nikkei Asia on Friday.
Japan plans spending $90 billion to fund a new stimulus package
Japan is considering spending 13.9 trillion yen ($90 billion) from its general account to fund a new stimulus package aimed at mitigating the impact of ...
Japan plans spending $90 billion to fund a new stimulus package
Japan is considering spending 13.9 trillion yen ($90 billion) from its general account to fund a new stimulus package aimed at mitigating the impact of ...
JGBs Edge Lower, Weighed by Pickup in Japan’s Underlying Inflation
Japanese government bonds edged lower in early Tokyo trade, weighed by Japanese economic data released earlier that showed a pickup in underlying inflation.
Japan’s FSA to establish new crypto brokerage business category with lighter regulations
Japan’s Financial Services Agency (FSA) is proposing a new business category for enterprises dealing with stablecoins and virtual assets. Under the new system, “intermediary” or “brokerage” businesses ...
Japan’s core inflation steady above BOJ target, service prices firm
Japan's core inflation in October held above the central bank's 2% target and a key index stripping away the effect of fuel accelerated, data showed on Friday, keeping pressure on the central bank to ...
Japan’s inflation slows in October for the second straight month
TOKYO -- Japan's core inflation rate slowed for the second straight month in October due to lower electricity prices, according to government data released on Friday.