The beleaguered Finance Ministry found itself further backed into a corner March 2 following revelations of apparent tampering of official documents related to the dubious sale of state-owned land in Osaka Prefecture to Moritomo Gakuen. Months of ... ( read original story ...)
Japan’s cryptocurrency markets start policing themselves in April
TOKYO -- Japanese cryptocurrency trading gains a unified self-regulatory ... The group intends to establish a code of conduct that promotes a healthy trading environment. Nikkei group company QUICK holds an equity stake in bitFlyer. ( read original story ...)
Japan maglev project marred by bid-rigging arrests
TOKYO -- Japan's big four contractors are accused of bid-rigging for a planned magnetic levitation train line in an apparent effort to protect earnings amid pressure to cut costs. The companies are accused of agreeing in advance on their price estimates ... ( read original story ...)
Japan’s central bank chief says may debate easy policy exit if price goal met
TOKYO (Reuters) - Japan’s central bank chief said on Friday it would consider ending ultra-loose monetary policy if inflation hits its target during the year ending in March 2020, in comments that sent the yen and bond yields higher and triggered a bond ... ( read original story ...)
India Inc eyes long Samurai loans from yield-hungry Japan banks
“Only the large Japanese banks may have an appetite for these longer-tenor loans,” said Manmohan Singh, head of banking at the Indian unit of Bank of Nova Scotia. The market also isn’t open to everybody, according to Singh. “Japanese lenders are ... ( read original story ...)
Japan to ready AI translation assistance for Olympic visitors
TOKYO -- Japan hopes to see foreign visitors navigating the capital seamlessly during the 2020 Olympics with the help of small translation devices shaped like a nametag or earphone. To make that vision a reality, a tech institute under the communications ... ( read original story ...)
Japan drugstore stocks slide as growing expenses spook investors
Fifteen big drugstore operators on average have underperformed the retailer subindex of the Nikkei Stock Average since the end of ... drugstore sales rose 6% on the year to around 6.49 trillion yen in Japan, according to the Japan Association of Chain ... ( read original story ...)
Airbnb CEO says ‘home sharing is here to stay’ in Japan
and this is basically saying home sharing is here to stay," the co-founder of the world's biggest home-sharing marketplace told The Nikkei in a recent interview. "I think this is going to be incredibly important for the Japanese economy," he added ... ( read original story ...)
Nikkei ends at near 2-week low; weak euro hits precision equipment cos
The broader Topix declined 1.6 per cent to 1,740.20. TOKYO: Japan's Nikkei share average closed at a near two-week low on Thursday as sentiment was hit by a rout in Wall Street overnight, while the euro's weakness against the yen hit companies such as ... ( read original story ...)
Japanese Banking Group SBI Postpones Cryptocurrency Exchange Launch
Japanese financial services giant SBI Group has delayed the launch of its cryptocurrency exchange after determining it had to further strengthen security measures. In an announcement this week, the SBI group confirmed the postponement of the launch of its ... ( read original story ...)
Enjoy Japan’s IPO boom while it lasts as glut looms for March
QB House is a bargain-basement coiffeur that has made its fortune cutting (mostly) salarymen’s hair in under 10 minutes. Whether that business model thrills or not, there is a decent chance that when it lists on the Tokyo Exchange next month the humble ... ( read original story ...)
Nikkei falls on weak industrial data, BOJ move to cut long bond buying
The Bank of Japan's decision to trim purchases of super long bonds soured sentiment by boosting the yen. TOKYO: Japan's Nikkei share average fell on Wednesday, snapping a three-day winning streak, pressured by losses on Wall Street and a larger-than ... ( read original story ...)
BRIEF-Japan Living Warranty announces IPO on TSE Mothers on March 30
Says its stock will begin trading on the Tokyo Stock Exchange (TSE) Mothers on March 30, 2018, under the symbol “7320” * In its initial public offering, the company will offer a total of 160,500 common shares, comprised of newly issued 110,000 shares ... ( read original story ...)
Japanese megabanks team up on mobile payments
TOKYO -- Japan's three megabanks are working together to standardize a smartphone payment system using QR codes, aiming to promote cashless transactions already widespread in China and elsewhere. Development costs are estimated to reach into the billions ... ( read original story ...)
Japan’s Finance Watchdog Eyeing ICO Regulation, Says Report
Japan's financial regulator is mulling the creation of a regulatory framework for companies raising funds through initial coin offerings, a report indicates. According to Sankei Shimbun, the Financial Service Agency is considering the revision of relevant ... ( read original story ...)
Japan’s financial regulation shake-up seen as a game changer for banks
The Financial Services Agency is laying the groundwork for a regulatory overhaul that could lead to a shake-up in Japan’s ¥1 quadrillion banking industry. The agency is examining how to change the legal framework so that all providers of financial ... ( read original story ...)