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 ...)
Document further erodes ministry claims over land deal
A Finance Ministry document appears to contradict testimony in the Diet from ministry officials who said no pre-arrangements were made for the sale of state-owned land to an Osaka school operator. The document states that the ministry’s Kinki Local ... ( read original story ...)
Japan’s central bank in uneasy spot as inflation lags robust economy
TOKYO (Reuters) - Japan's inflation in December continued to lag a strong economic revival, leaving the central bank in a dilemma on how to exit crisis-era stimulus policies that even some of its own board members warn will start to hurt more than help if ... ( read original story ...)
Japan is Back — Nikkei Hits 26-Year High, and Yet…
Japanese stocks hit a 26-year high last week to triple in value since hitting bottom in March 2009. See the chart below. But here’s the real story: The Nikkei Index is still 40% below its all-time high of 39,000, which was hit at the end of December 1989. ( read original story ...)
BITCOIN BOOM: Japan steps in as cryptocurrency haven after South Korea and China crackdown
Mr Kiuchi said: “This had led to moves to transfer investment money to Japan, where regulation is relatively slack." Taro Aso, Japanese finance minister said: “I don't think it is good to regulate anything and everything.” South Korea is currently ... ( read original story ...)
France and Japan to scale up military exercises to deter China
PARIS -- France intends to increase joint military exercises with Japan, French Defense Minister Florence Parly has told the Nikkei Asian Review, showing her aim to deter China in the South China Sea. France's Defense and Foreign Affairs ministers are set ... ( read original story ...)
Japan turns into cryptocurrency haven as others crack down
TOKYO -- Japan is fast turning into the world's top haven for cryptocurrencies, drawing benefit from a broader clampdown in China and South Korea on the main digital currency, bitcoin. Authorities in Tokyo are walking a tightrope between protecting ... ( read original story ...)
Bank of Japan is lobbying wrong audience
Haruhiko Kuroda has a communications problem on his hands. It is not the words the Bank of Japan governor is using, though. It is who he is talking to. The BOJ stayed the course on Jan. 23 with the ultra-loose policies Gov. Kuroda rolled out in March 2013 ... ( read original story ...)