After many years of low and negative interest rates, the Bank of Japan has changed course, creating opportunities for Japanese investors and implications for global markets.
Japan has no ‘defensive line’ against yen’s fall, says finance chief
Japan has no specific "defensive line" at which it will intervene in the market to stem the yen's slide, the finance minister said Friday, amid speculation the government will act if the currency ...
Japan’s Nikkei posts biggest point gain on record for fiscal year
Japan's Nikkei share average logged the biggest rise ever on an absolute basis for the fiscal year ended on Friday, rallying 12,328 points. The index hit successive record highs this quarter, after ...
Japan’s industrial output slips 0.1% in February, retail sales exceed forecasts
Investors assessed mixed economic data in Japan for February, with a surprise increase in the unemployment rate and a decline in industrial production, while retail sales rose more than expected.
Nikkei stock index finishes up 44% in FY 2023
TOKYO (Kyodo) -- Tokyo stocks ended higher on the final day of Japan's 2023 fiscal year on Friday, with the Nikkei marking a 44 percent increase from the previous year, boosted by a weaker yen that ...
Fallen ‘Crypto King’ Sam Bankman-Fried gets 25 years for fraud
Sam Bankman-Fried, co-founder of the failed crypto exchange FTX, has been sentenced to 25 years in prison for defrauding customers and investors of his now-bankrupt firm. The ruling cements the ...
Japan’s Nikkei rebounds, yen stable
Japan's Nikkei share average rose on Friday, rebounding from sharp losses in the previous session, as market players cheered a weaker yen as the currency steadied after hitting a three decade-low. The ...
Tokyo Inflation Slowdown Won’t Knock the BOJ Off Rate Hike Path
Consumer price growth in Tokyo moderated while staying well above the central bank’s inflation target, keeping authorities on track to consider more interest increases after they hiked earlier this ...
Japan has no ‘defensive line’ against yen’s fall: finance chief
TOKYO (Kyodo) -- Japan has no specific "defensive line" at which it will intervene in the market to stem the yen's slide, the finance minister said Friday, amid speculation the government will act if ...
Japan’s Scrapping of Utility Subsidies to Push Inflation Higher
(Bloomberg) -- Japan’s plan to phase out utility subsidies is likely ... Prison Over FTX Collapse UBS Banker’s Frustration Exposes Cracks in World of Climate Finance Apple Plans New iPad Pro for May ...
Japan stocks set to rebound, while most Asia-Pacific markets are closed
Japan, South Korea and China are open on Friday, while most markets in the Asia-Pacific region stay shut for a public holiday.
Nikkei falls on discounting for dividend, currency intervention caution
TOKYO: Japan’s Nikkei share average fell on Thursday as numerous stocks were discounted for dividend rights before the fiscal year end, while caution over a potential currency intervention to shore up ...
The problem with Japan’s economy
Japan’s increase of its interest rates to being from negative to positive for the first time in 17 years was a minor basis point change, yet it is significant in the grand scheme of things.
The rise and fall of FTX’s Sam Bankman-Fried, the onetime crypto billionaire who was sentenced to 25 years in prison
Sam Bankman-Fried was sentenced Thursday to 25 years in prison. Here's how he went from one of crypto's biggest names to its greatest cautionary tale.
From crypto mogul to prison sentence
Sam Bankman-Fried was sentenced to 25 years in prison Thursday for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former ...
US Spot Bitcoin ETF Approval Sparks Ripple Effect in Asia, Pressures Some Nations To Rethink Crypto
The SEC's approval of spot Bitcoin ETFs in January was widely welcomed by the crypto community and in Asia, interest by some of the region's rising economies may trigger more openness to an emerging, ...