Bitcoin is being traded for speculation, BOJ’s Kawai says Cash is still king in Japan, and that means that the central bank doesn’t see a need to mint a digital currency for now, according to the head of the FinTech Center at the Bank of Japan. ( read original story ...)
BANK OF JAPAN : DBRS Confirms Japan at A, Trend Changed to Positive
DBRS Inc. has confirmed Japan's Long-Term Foreign and Local Currency - Issuer Ratings at A. The Short-Term Foreign and Local Currency - Issuer Ratings have been confirmed at R-1 (low). The trend on all ratings has been changed to Positive from Stable. ( read original story ...)
Hacked Japan cryptocurrency platform hit with improvement order
Japan has taken a relatively light-touch approach to regulating ... Ceres, which invests in cryptocurrency companies, finished the morning up 5%. Nikkei Inc. group company QUICK holds an equity stake in bitFlyer. ( read original story ...)
Hacked Japanese cryptocurrency exchange faces action by watchdog
Japan has taken a relatively light-touch approach to regulating cryptocurrency activity compared with China, which has clamped down after an early surge in trading. Nikkei Inc. group company QUICK holds an equity stake in bitFlyer. ( read original story ...)
Japanese don’t need digital currency as they love cash, BOJ says
Cash is still king in Japan, and that means that the central bank doesn’t see a need to mint a digital currency for now, according to the head of the FinTech Center at the Bank of Japan. “We aren’t at the stage of considering issuing a digital ... ( read original story ...)
China and Japan still groping their way to rapprochement
BEIJING -- Sunday's meeting here between the Japanese and Chinese foreign ministers showed that while both sides talk about wanting better relations, each seems to be waiting for the other to make the first move, particularly on sensitive territorial matters. ( read original story ...)
Hacked Tokyo Digital currency Exchange to Repay Owners $425m
Tokyo-based cryptocurrency exchange Coincheck Inc said on Sunday ... Two sources with direct knowledge of the matter said Japan’s Financial Services Agency (FSA) sent a notice to the country’s roughly 30 firms that operate virtual currency exchanges ... ( read original story ...)
Cryptocurrency HACKING VICTIMS to be REIMBURSED £38million by Coincheck exchange
Mr Otsuka old a press conference at the Tokyo Stock Exchange yesterday ... But it is something we are investigating at the moment." Japan’s financial watchdog is considering whether to take administrative punishment against Coincheck for the hack ... ( read original story ...)
Japan pushes China, South Korea for 3-way summit
BEIJING -- The Japanese government is making its final push to convince China and South Korea to come to the table for a trilateral summit in Japan soon. Japanese Foreign Minister Taro Kono arrived in Beijing on Saturday, and will meet with Foreign ... ( read original story ...)
Japan Finance Minister hails Indo-Japan ties in 2017
Japanese Foreign Minister Taro Kono has hailed the remarkable progress of Indo-Japan strategic ties in 2017, describing it as a “great year” for bilateral relations. Kono was speaking at the Republic Day celebration event hosted by India’s ... ( read original story ...)
Tokyo-based cryptocurrency exchange hacked, losing $530 million
The exchange has already reported the incident to the police and to Japan's Financial Services Agency, NHK said. In 2014, Tokyo-based Mt. Gox, which once handled 80 percent of the world's bitcoin trades, filed for bankruptcy after losing some 850,000 ... ( read original story ...)
Japan Finance Minister Says Major Nations Agree Not to Target FX Levels
TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Friday that major economies have agreed to avoid targeting currency levels for the purpose of trade competitiveness. Aso made the remark when asked about comments by U.S. President Donald Trump ... ( read original story ...)
Japan’s Coincheck suffers record $530m virtual currency theft
Around 1 million Japanese residents were said to have virtual currency accounts in the latter half of 2017; that figure recently seems to have surpassed 1.5 million. Nikkei Inc. group company QUICK holds an equity stake in bitFlyer. ( read original story ...)
A SoftBank mobile IPO would pose a tricky debt question
TOKYO -- SoftBank Group's putative plan to take its Japanese mobile phone unit public has gotten a mixed reception in the fixed-income market, where some worry about the possible loss of the core subsidiary as a bond guarantor and the impact that would ... ( read original story ...)
Japan’s deployment of F-35A mired in controversy
TOKYO -- Japan deployed its first F-35A stealth fighter jet Friday amid rising tension on the Korean peninsula. But the price tag keeps increasing for the cutting-edge aircraft, and the defense industry here is not happy with its diminished participation ... ( read original story ...)
Japan’s Coincheck suffers largest virtual currency theft
Such an attack may have been behind Friday's theft, which tops the 2014 disappearance of roughly 47 billion yen in currency from former Japanese bitcoin exchange Mt. Gox as history's largest virtual currency breach. Coincheck "deeply regrets" the incident ... ( read original story ...)