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 ...)
Japan Finance Minister says to respond to FX moves appropriately if necessary
Japanese Finance Minister Shunichi Suzuki said on Tuesday that he was concerned about recent sharp yen weakening and would appropriately respond to the exchange market moves if necessary.Suzuki also t ... ( read original story ...)
Crypto investors’ hot streak ends as harsh ‘winter’ descends
As prices plunge It’s a dizzying turn of events for investments and companies that at the start of 2022 seemed to be at their financial and cultural apex. Crypto-evangelizing companies ran commercials ... ( read original story ...)
Japan on Alert for Greenwashing as It Lends $40 Billion for ESG
A Japanese government-backed bank is set to spend about $40 billion for sustainable purposes, and it will scrutinize the use of funds to ensure companies aren’t greenwashing. ( read original story ...)
Japan startups see Kishida’s ‘new capitalism’ as road without map
Japanese entrepreneurs striving to grow startups have joined economists, market participants and business leaders in wondering what Prime Minister Fumio Kishida's talk of "new capitalism" means for ... ( read original story ...)
Crypto has a trust problem. Here’s why brands need to win over consumers even as many slash their marketing budgets
Crypto needs to rebuild trust with consumers, but many companies are facing layoffs and budget cuts that will affect their ability to advertise effectively. ( read original story ...)
Roundup: Japan’s Nikkei closes at 5-week low on concerns over slowing growth as central banks hike rates
Japan's benchmark Nikkei stock index ended at a five-week low on Monday on mounting concerns that the U.S. Federal Reserve's continued aggressive monetary policy will slow economic growth. ( read original story ...)
CryptoCodex: Your Free Essential Briefing On What’s Driving The Day In The World Of Bitcoin And Crypto
Want to stay ahead of the market and understand the latest crypto news? Sign up now for the free CryptoCodex—A daily newsletter for traders, investors and the crypto-curious. ( read original story ...)
Another Major International Bank Forecasts Recession In The U.S.
Several major financial institutes have warned that the Federal Reserves’ steep hike in interest rates is raising the risk of inflation. ( read original story ...)
Crypto’s Lehman Brothers moment
If the collapse of LUNA was crypto’s Bear Stearns moment, Celsius Network may well be its Lehman Brothers moment. Ironically, crypto markets were lauded as being the antidote to the ills of ... ( read original story ...)
Crypto markets face a long road back after bitcoin plunges below $20,000 as an ‘every man for himself’ attitude spreads, UBS strategist says
Crypto is set for a highly difficult period after bitcoin plunged below $20,000, a top UBS strategist has said. James Malcolm told Insider crypto's collaborative spirit has given way to an "every man ... ( read original story ...)
Japan court delivers blow to same-sex marriage advocates
Osaka District Court on Monday ruled that it is "constitutional" for Japan not to allow same-sex unions, in a setback for LGBT+ rights advocates in the only Group of Seven nation that does not ... ( read original story ...)
Japan’s Nikkei ends at more than 5-week low; chip, energy shares drag
"The indexes gained earlier in the session because investors sought to buy cheap stocks but the trading activities shrank as they struggled to find market moving cues," said Chihiro Ohta, assistant ... ( read original story ...)