From Tyler Durden: Remember when a 0.2% drop in the stock market was considered large enough to merit central bank intervention? If you can’t that’s ok: it was never meant to be the case. Only that’s ... ( read original story ...)
Suruga Bank used inappropriate screening for 1tn yen of loans
TOKYO -- Japan's scandal-ridden regional bank handed out 1 trillion yen (more than $9 billion) worth of inappropriate loans, an independent investigative panel has found. The draft report by the panel ... ( read original story ...)
Japan, China seek to restart FX swap lines in sign of warming ties – Kyodo
Officials at Japan’s finance ministry, which is responsible for currency swaps, were not immediately available for comment. The People’s Bank of China did not immediately respond to a faxed request fo... ( read original story ...)
Kanagawa man regrets selling nonprofit health group to Chinese bank employee
The seller and the buyer met in a room in a building in Tokyo's Shinjuku Ward, and the Chinese bank employee eagerly explained in Japanese why he wanted the NPO. "I want to use the NPO to attract Japa... ( read original story ...)
Tokyo shares trim loss on solid China market
Tokyo shares rebounded from morning losses to end just over the line in positive territory Tuesday as gains on the Chinese market encouraged regional investors. The benchmark Nikkei 225 index rose 0.0... ( read original story ...)
How Japan’s Open API Adoption Could Change Financial Institutions in the Region
In May 2017, the Japanese financial industry shifted to a new framework—the amended Banking Act introduced a registration system for Electronic Settlement Agency Service Providers, so-called third-par... ( read original story ...)
Citi Vietnam wins Best Corporate Digital Bank
Citi has been named by Global Finance as Best Corporate/Institutional Digital Bank in 16 markets where it operates, including Australia, Bangladesh, China, Hong Kong, India, Indonesia, Japan, Malaysia ... ( read original story ...)
UK seeks Japanese option for post-Brexit banking relations
The UK now sees its banks having a similar relationship with the European Union after Brexit as Japanese ones do. The latest UK paper published Monday confirms the British government wants a form of “ ... ( read original story ...)
In Japan, a restaurant is serving -79 C ramen to beat ‘unprecedented’ heat wave
Naturally, sales of cooling products are surging and as Japan Today reports, a Tokyo restaurant is banking on a bone-chilling bowl of ramen to help beat the heat. Pasela, a modern karaoke chain with s... ( read original story ...)
Japan: Finance Giant SBI Makes New Investment in LastRoots Crypto Exchange, Will Aid License Acquisition
Japanese financial services giant SBI Holdings announced in a press release Monday, August 20, that it had made a second investment in troubled cryptocurrency exchange LastRoots. SBI, which last month ... ( read original story ...)
Bank of Japan may be ‘stealth tapering’ in markets, say analysts
Pedestrians cross a road in front of the Bank of Japan headquarters in Tokyo. The BoJ appears to be growing more comfortable with larger declines in the country’s stock prices, a sign it may have begu... ( read original story ...)
The Bank of Japan’s latest move is a tightening of monetary policy
I don't know if you saw the blurb on the Bank of Japan's policy changes recently. But I thought I would point it out because it has gone mostly unremarked. Japan's new long-term rate corridor Here's h... ( read original story ...)
Japanese bank to roll out payment cards with built-in display and keypad
GMO Aozora Net Bank Ltd and Dynamics Inc introduce Japan’s first battery-powered interactive debit and cash card — Dynamics — “A consumer enters a pass code, known only to the consumer, into the keypa... ( read original story ...)
Stocks mostly rise on hope for progress on China trade talks
TOKYO — Asian stocks are mostly higher Monday as investors welcomed signs of progress in resolving the trade dispute between the U.S. and China. The Wall Street Journal reported the countries hope to ... ( read original story ...)
Monex chief sees cryptocurrency future for finance industry
Traditionally, financial institutions for retail clients are powerhouses ... April 1999: Monex Inc. founded by Oki Matsumoto with backing from Sony Corp. August 2000: Shares listed on Tokyo Stock Exch... ( read original story ...)
Explore Osaka’s Lively Downtown! Top 10 Spots To Visit In Namba
The lion’s giant mouth is said to bring luck in financial matters and competition, so many people come to visit. Kuromon Market has plenty of local Osaka food available to try and is clustered with sh... ( read original story ...)