BANGALORE/TOKYO (Reuters) - SoftBank Group Corp founder Masayoshi Son's dream of ... Ride-hailing usage at flagship transport investments has fallen more than 50% and six SoftBank-backed ... ( read original story ...)
Bailouts, Delistings Loom for Japan’s Struggling Local Banks
Japan’s long-suffering regional banks face the biggest threat to their survival since the 1990s post-bubble malaise as the coronavirus hammers their few remaining profit drivers.Analysts and investors ... ( read original story ...)
Japan’s Economic Activity Craters Amid State of Emergency
Activity in Japan’s economy marked a record decline in April, reflecting the hit on demand at home and abroad from the coronavirus pandemic and as a state of emergency was declared nationwide. ( read original story ...)
Bailouts, Delistings Loom for Japan’s Beleaguered Regional Banks
Japan’s long-suffering regional banks face the biggest threat to their survival since the 1990s post-bubble malaise as the coronavirus hammers their few remaining profit drivers. ( read original story ...)
Pandemic Spurs Japan’s Salarymen Into Currency Trading Overdrive
The coronavirus pandemic is fueling a surge in currency trading by Japanese retail investors, who are discovering that working from home means they can moonlight in the market during the ... ( read original story ...)
Japan to block foreign acquisitions of drug and ventilator makers – Nikkei
Japan plans to block foreign companies from acquiring domestic drug and medical equipment makers, to protect access to medicine and ventilators that have proven critical amid the coronavirus outbreak, ... ( read original story ...)
Relive the heady days of crypto with the “Crypto Rush” documentary
When Liliana Pertenava decided to go all-in on crypto by investing $2,000 in a mining rig in 2017, she went so far down the crypto rabbit-hole she decided to make a documentary about it. If you’re ... ( read original story ...)
EWJ: ‘Behind The Curve’ Japan Braces For More Downside In Its Stock Market
Shares MSCI Japan ETF (EWJ) and the Nikkei 225 bounced 20% off the lows alongside global stock markets on hopes that the worst of COVID-19 is over. Earnings on ... ( read original story ...)
USD/JPY Fundamental Daily Forecast – BOJ Warns Worsening Economy a Threat to Japan’s Financial System
If the economy suffers a prolonged and deep slump, however, that could trigger a full-fledged, banking-sector correction,” the BOJ said. ( read original story ...)
Japan’s Inflation Obsession Fades in Effort to Cope With Virus
The Bank of Japan has long tried and failed to hit its target of 2% annual inflation, but the coronavirus means the topic has faded from conversation in a sign a permanent shift in priorities is ... ( read original story ...)
Equinix and GIC to Form Greater than US$1.0 Billion Joint Venture to Develop and Operate Hyperscale Data Centers in Japan
The three initial facilities in the joint venture – one in Osaka and two in Tokyo-- will serve the unique core workload deployment needs of a targeted group of hyperscale companies, including the ... ( read original story ...)
Hacker returns $25m in ‘stolen’ crypto-currencies
A mystery hacker allegedly stole $25m (AUD$39 m) in crypto-currencies - and then returned the funds two days later. Records show that funds in a variety of crypto-currencies were withdrawn from the ... ( read original story ...)
DForce hacker returns $25m in ‘stolen’ crypto-currencies
A mystery hacker allegedly stole $25m (£20m) in crypto-currencies - and then returned the funds two days later. Records show that funds in a variety ofere withdrawn from the DForce platform based in ... ( read original story ...)
Bank of Japan flags coronavirus risks to financial stability
The Bank of Japan has declared the country’s financial system “remains and will remain stable” despite the coronavirus pandemic, even as it flagged three significant risks to the country’s lenders. ( read original story ...)
Nissan to close global HQ, other Japan sites through May 10 due to virus
Nissan Motor Co said on Tuesday it will shut its global headquarters in Japan for 16 days through early May to contain the spread of the coronavirus, even though the government has permitted keeping ... ( read original story ...)
Japan Boosts Extra Budget to 25.7 Trillion Yen to Fund Handouts
Japan’s government bolstered its extra budget by 8.9 trillion yen ($82.6 billion) to cover the additional costs of expanded cash handouts during the coronavirus crisis. ( read original story ...)