Cryptocurrencies have crashed. What can leaders and entrepreneurs in that field and beyond learn from this downturn? Confidence, learning from failure and resilience will be crucial skills in a new ... ( read original story ...)
Yen Remains Under Heavy Pressure As Bank Of Japan Sticks By Its Dovish Policies
The BoJ’s dovish policies are out of sync with global trends, but they left policy unchanged at last week’s meeting. Maintaining the 0-0.25% target range for 10-year bonds is taking more and more ... ( read original story ...)
NRI Deploys Second OCI Dedicated Region to Run Key Financial Services on a Highly Available, Secure Cloud Platform
Oracle today announced that Nomura Research Institute (NRI) has implemented a second OCI Dedicated Region at its Osaka data center, following the successful adoption at its Tokyo data center. Running ... ( read original story ...)
The Sandbox’s US CEO explains his vision for the metaverse platform and why people are still flocking to web3 during the crypto winter
"We want to be the Manhattan of the metaverse, a concentration of exciting brands and artists — but our vision isn't to replace reality." ... ( read original story ...)
Crypto fears now materialising, central bank body BIS says
Recent implosions in the cryptocurrency markets indicate that long-warned-about dangers of decentralised digital money are now materialising, the Bank for International Settlements has said. ( read original story ...)
Japan’s central bank stands firm as yen plummets in value
The decade of currency stability has come to an end with the rising cost of necessities and dear luxuries. But the central bank seems to be determined to keep its weak yen policy. ( read original story ...)
Japan PM Kishida Says No Numerical Targets for Defense Spending
In the face of Russia’s invasion of Ukraine and an increasingly tense situation in Asia with missile tests from North Korea and a more assertive China, Fumio Kishida has vowed to strengthen defense fu ... ( read original story ...)
Japan’s Nikkei bounces strongly from 3-month low as U.S. futures gain
The Nikkei stock average ended the day up 1.84% at 26,246.31, after gaining as much as 2.5% during the session. At the start of the week, the benchmark index had dipped to a low of 25,520.23 for the ... ( read original story ...)
Japan PM Kishida backs BOJ ultra-easy policy while yen worries mount
TOKYO :Japanese Prime Minister Fumio Kishida said on Tuesday the central bank should maintain its ultra-loose monetary policy, brushing aside opposition calls that the policy be tweaked to target ... ( read original story ...)
Government weighs fate of floundering Cool Japan Fund
Japan's government-backed Cool Japan Fund, an investment vehicle aimed at promoting the country's cultural exports and boosting inbound tourism, is attracting criticism for failing to achieve its ... ( read original story ...)
Crypto’s latest meltdown leaves punters bruised and bewildered
For Jeremy Fong, U.S. crypto lender Celsius was an ideal place to stash his digital currency holdings - and earn some spending money from its double-digit interest rates along the way. ( read original story ...)
Cryptoverse: Crypto lenders face a DeFi drubbing
Crypto lending may not be down and out, but it's certainly on the ropes. Crypto lenders have boomed over the past two years, attracting tens of billions of dollars in bitcoin, ether and other coins ... ( read original story ...)
Workers at collapsed crypto operator Terraform Labs put on no-fly list
South Korean prosecutors have banned Terraform Labs employees from leaving the country as an investigation into the company and its co-founders deepens after the $40bn implosion of its cryptocurrency. ( read original story ...)
The Bank of Japan’s policy mix is ‘not really sustainable,’ says Goldman Sachs
Zach Pandl of the investment bank says that Japan, because of yield curve control, is "importing the volatility in the U.S. macroeconomy." ... ( read original story ...)
The Weak Yen Could Push Japan Further Into Stagnation
Japan is still trying to export its way out of stagnation by devaluing the yen, but it won't work. On the contrary, it may worsen the situation, as Japan is dependent on commodity imports to grow its ... ( read original story ...)
Japan’s Nikkei rebounds from 3-month low as cyclical stocks gain
TOKYO, June 21 (Reuters) - Japan's Nikkei climbed on Tuesday after falling to a three-month low in the previous session, as investors scooped up beaten-down cyclical stocks, while U.S. futures ... ( read original story ...)