At closing bell, the 225-issue Nikkei Stock Average surged 461.27 points, or 1.75%, to 26,847.90. The broader Topix index of all First Section issues on the Tokyo Stock Exchange rose 38.86 points, or ... ( read original story ...)
Dollar hits 20-yr high as yen tumbles on dovish Bank of Japan
The dollar hit a 20-year high against rivals on Thursday as the Bank of Japan doubled-down on its dovish policy, sending the yen to its weakest level since 2002, while the euro hit a five-year low on ... ( read original story ...)
Japan’s Sole iBuyer, Sumutasu, Announces a $10 Million Series B Round to Accelerate Digital Transformation in Japan’s Real Estate Market
Sumutasu, Japan’s sole iBuyer, announced today that it has raised a total of $10 million in Series B funding. The stated amount includes $1.6 million of debt secured from the Japan Finance Corporation ... ( read original story ...)
Influencers Are Scamming Their Fans Through Crypto. Here’s How Their Tactics Have Evolved.
As crypto technology has evolved, so too have the methods by influencers to extract money out of their fanbases ... ( read original story ...)
Crypto gains ground in U.S.-sanctioned Cuba
The Cuban central bank issued regulations on Tuesday for virtual asset service providers, after giving a nod last year to the personal use of cryptocurrencies, a move some experts said could help the ... ( read original story ...)
Japan stocks higher at close of trade; Nikkei 225 up 1.75%
Japan stocks were higher after the close on Thursday, as gains in the Gas & Water, Power and Marine Transport sectors led shares higher. At the close in Tokyo, the Nikkei 225 added 1.75%. Rising ... ( read original story ...)
Asian stocks surge, brushing aside collapsing Japanese yen
Stocks in Asia surged on Thursday despite a further dramatic decline in the Japanese yen. The yen has been in virtual freefall since the start of the year. Japan has been hit with rising prices as ... ( read original story ...)
Bank of Japan: fight against ‘deflation’ is a lot harder than we think
The Bank of Japan has decided to maintain its easing policy amid growing concerns about slow growth, and is also committed to conducting ... ( read original story ...)
Yen Hits New 20-Year Low After Bank of Japan Reinforces Low-Rate Policy
Japan’s currency weakened to more than 130 to the dollar for the first time since April 2002, after the central bank reinforced its commitment to low interest rates despite rising inflation. ( read original story ...)
Japan to take FX action as needed after ‘worrying’ moves – MOF official
TOKYO — Japan will take appropriate action in the currency market as recent moves are “extremely worrying,” a Ministry of Finance (MOF) official said on Thursday, in the wake of the yen’s plunge to a ... ( read original story ...)
Japan Tobacco considers sale of Russian operations
Japan Tobacco (JT) said on Thursday it was considering selling its Russian operations after suspending investment and marketing activities in the country last month following Moscow's invasion of ... ( read original story ...)
Dollar hits 20-year peak on yen as Bank of Japan stays super-easy
The dollar shot to two-decade highs on the yen on Thursday after the Bank of Japan doubled-down on its super-low yield policy. ( read original story ...)
Bank of Japan’s decision to continue unlimited bond buying is the ‘right move,’ says professor
Takatoshi Ito, a professor at Columbia University and former Japanese deputy vice minister of finance, explains why the move is "correct." ... ( read original story ...)
Japan’s Cabinet OKs 1.5 tril. yen use of reserve funds for stimulus
The Cabinet approved Thursday a plan to use 1.51 trillion yen ($11.7 billion) from reserve funds for fiscal 2022 to partly finance Japan's economic package to help ease the impact on households and ... ( read original story ...)
The FTX US Proposal That Shook Congress And The Crypto Derivatives World
In this story, I review the timeline of events regarding this proposal first and then an interview with Brett Harrison, the President of FTX US who breaks down why this proposal is significant and his ... ( read original story ...)
Three ways to fix the crypto VC gender gap
The lack of crypto VC diversity is stark and remains a contributing factor to the low funding that women founders receive. ( read original story ...)