Lenders worldwide are shifting to open banking models, urged on by regulators including the FSA that want them to adapt as technological innovation shakes up the industry. Japan’s banks need to make sure they “have the area covered” before startups ... ( read original story ...)
SK Lubricants plans W1.5 tril. IPO in May
Its IPO plan comes after the company is continuing to solidify ... to joint operations with major overseas partners such as Repsol of Spain and JX Energy of Japan. According to commodities researcher ICIS, the global Group III base oil market is expected ... ( read original story ...)
It’s Important to Try Using Cryptocurrencies, Says Japan’s Central Bank
Japan’s central bank has revealed some noteworthy opinions in a newly-published general Q&A on cryptocurrencies like bitcoin. On March 30, the head of the Bank of Japan’s Financial Services Information Division Masashi Kuramoto published a summary Q&A ... ( read original story ...)
Japanese online brokerage Monex mulls takeover of crypto exchange Coincheck
After the theft, Japan's financial watchdog punished several of the country's 32 exchanges, including Coincheck, over lax customer protection and anti-money laundering standards. The exchange is also facing lawsuits over the theft. The Nikkei said CEO ... ( read original story ...)
Kuroda says the Bank of Japan is talking about an exit from its huge stimulus program
The Bank of Japan (BOJ) is currently discussing how to exit its massive stimulus program, but it's too early to reveal any of the details. That was the statement made by Governor Haruhiko Kuroda to Japanese lawmakers in parliament Tuesday. "Internally we ... ( read original story ...)
Japan’s Monex considering to buy cryptocurrency exchange Coincheck
Japanese online broker Monex Group Inc (8698.T) said on Tuesday it is considering buying Coincheck Inc, the local cryptocurrency exchange hit by a high-profile $530 million theft earlier this year. The company did not provide any details but the Nikkei ... ( read original story ...)
Japan Inc’s inflation expectations stall in March – BOJ survey
TOKYO (Reuters) - Corporate Japan expects to see only minimal inflation in a year and barely any change in the next three to five years, a central bank survey showed on Tuesday, highlighting yet again the difficulty the Bank of Japan faces in reaching its ... ( read original story ...)
Japan Bank for International Cooperation (JBIC)
Japan Bank for International Cooperation (JBIC), the export credit agency of the Japanese government, is focused on the development of the country's economic performance through the promotion of exports, imports and economic activities overseas, and ... ( read original story ...)
Foreign investor sales of Japan shares offset by central bank
Foreign investors have broken a 17-year record for weekly net sales of Japanese stocks via equity futures as the Bank of Japan tests new limits of its programme to support the market through purchases of exchange traded funds. Although Japan’s Nikkei 225 ... ( read original story ...)
Japanese banks urged to tackle falling profits through cooperation
The new chief of a main lobby group for Japan’s banking sector has urged Japanese banks to exhaust all means – from mergers to informal tie-ups – to address the issue of declining profitability. According to Koji Fujiwara, chairman of the Japanese ... ( read original story ...)
Assemblies from Niigata to Tottori criticize handling of Moritomo probe as threat to democracy
OSAKA – Over a half dozen local governments have officially expressed concern with the way Prime Minister Shinzo Abe’s government has handled revelations that the Finance Ministry deleted information on official documents related to the Moritomo Gakuen ... ( read original story ...)
Japan manufacturer sentiment worsens for first time in 8 quarters
TOKYO -- The mood among Japanese manufacturers deteriorated for the first time ... based on predictions from research institutes compiled by Nikkei group company QUICK. Steelmakers and nonferrous metal refiners are facing tougher conditions due to higher ... ( read original story ...)
Tokyo drives Asia stocks higher in light holiday trade
Tokyo stocks led Asian markets higher on Monday ... Volumes in Asia trade were light however, with financial markets in Australia, New Zealand and Hong Kong all closed for public holidays. In China, Shanghai stocks opened flat as the yuan strengthened ... ( read original story ...)
Tokyo shares open flat as business confidence weakens
Tokyo stocks opened nearly flat on Monday as fresh data indicated Japan's corporate sentiment weakened, although the business climate in general is seen remaining solid. The benchmark Nikkei 225 index slipped 0.07 percent or 14.29 points to 21,440.01 ... ( read original story ...)
New rules on managing public documents take effect amid Moritomo scandal but critics demand more safeguards
But the Finance Ministry’s document-tampering scandal involving the massively discounted sale of a state land in Osaka to nationalist school operator Moritomo Gakuen has put pressure on the government to take additional measures. The government’s ... ( read original story ...)
Japan’s short-handed firms turn to refugees for labor fix
The public support rate for the Cabinet of Prime Minister Shinzo Abe climbed 3.7 points to 42.4 percent in a weekend opinion poll despite a document-tampering scandal at the Finance Ministry tha... Osaka municipal subway system goes private with launch of ... ( read original story ...)