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 ...)
Bank of Japan ending QE won’t unleash higher rates, strategist says
As debate swirls over when Bank of Japan Gov. Haruhiko Kuroda will choose to end years of ultra-loose monetary conditions, investors have looked over a crucial question – will halting easy money policies unlock higher rates in Japanese government bonds? ( read original story ...)
Japan exports up 12 per cent in 2017
Japan reports its exports rose 12 per cent in 2017 from a year earlier in a strong tailwind for the economy, while imports jumped 14 per cent. The recovery in trade is driving stronger growth in Japan, though the trade surplus dropped 25 per cent to 3 ... ( read original story ...)
Japan trade surplus tumbles in 2017
Japan's trade surplus dropped 25.1 percent last year as higher ... down 25.1 percent year-on-year, the finance ministry said. But it still marked a second straight year of surplus, and a move away from years spent in the red after the 2011 Fukushima ... ( read original story ...)
Japan’s record exports to Asia raise hopes for fourth-quarter growth
TOKYO (Reuters) - Japan's exports grew for a 13th straight month in December, led by record demand from China and Asia as a whole, raising the prospects for vigorous economic growth in the fourth quarter. The Ministry of Finance (MOF) said on Wednesday ... ( read original story ...)