OTSU, Japan Bank of Japan board member Makoto Sakurai said the central bank will continue to buy massive amounts of government bonds even under a new policy framework targeting interest rates, shrugging off the view that its bond-buying programme was ... ( read original story ...)
Blockchain Works and Reduces Costs: Japanese Banking Industry Report
Japan’s Blockchain Study Group, consisting of four large financial and accounting firms, today published a report on how blockchain technology will affect their industry. Local bitcoin exchange bitFlyer assisted the group by building an interbank ... ( read original story ...)
Japanese MegaBanks Partner Bitcoin Exchange, Pilot 1,500 Tns/Sec Over a Blockchain
Three of the biggest banking corporations in Japan have partnered bitFlyer, Japan’s biggest bitcoin exchange to test the viability of domestic money transfers over blockchain technology. The banks discovered that money transfers over a blockchain were ... ( read original story ...)
Central bank's rate focus hides urge to taper
TOKYO -- The Bank of Japan's interest rate-based monetary policy seems in part to be aimed at trimming bond purchases without angering easing hardliners or endangering progress toward inflation. Surging U.S. long-term interest rates in the wake of the ... ( read original story ...)
Japanese banks join bitFlyer to test domestic money transfers via blockchain
Three banking corporations in Japan have teamed up with bitFlyer, a Japanese Bitcoin exchange to test the viability of domestic money transfers over blockchain technology. In a report by regional publication Nikkei, the proof-of-concept experiment lasted ... ( read original story ...)
South Korea's Online Banking System Is Stuck In 1996
“[My bank’s] security apps slow my computer to a crawl so I have ... s Edge browser that has been cornered into its dying holdout markets, including Korea, Japan and Greenland. “Compared to the rest of the tech infrastructure, it’s really ironic ... ( read original story ...)
A new player in Silicon Valley dealmaking is snapping up tech bankers
They join Matt Upton, who has signed on as head of software investment banking, in making the move to the Japanese bank. Jansen and Upton will report to Rich Gallivan, head of tech, media, and telecom (TMT) banking, and focus on winning business on ... ( read original story ...)
Osaka cops: ‘JK’ business masqueraded as massage parlor in providing sex
OSAKA (TR) – Osaka Prefectural Police have busted a business featuring school girls that masqueraded as a massage parlor but in actuality was providing sexual services, reports Nippon News Network (Nov. 29). On Monday, police raided parlor Communication ... ( read original story ...)
Nikkei scales 11-month peaks on OPEC deal, weaker yen
Higher oil prices power dollar above 114 yen, lifting shares * Oil exploration stocks outperform, with mining sector surging TOKYO Dec 1 A weaker yen helped power Japan's Nikkei share average to 11-month highs on Thursday, while many energy shares made ... ( read original story ...)
Nikkei newspaper employee arrested over hacking of model’s email
An employee of Japanese news organization Nikkei Inc. was arrested Wednesday on suspicion of illegally accessing the email accounts of a popular Japanese model, a former idol group member and two others. Jun Terai, a 29-year-old staffer in the newspaper ... ( read original story ...)
Bank Of Japan Opens Pandora's Box
The highly controversial yield curve targeting by the BoJ creates extreme financial distortions. The demand for USD funding surges amidst curtailed supply, making the provision of USD hedging for Asian savers, corporations and banks prohibitive. BoJ’s ... ( read original story ...)
Japan October factory output steady, November seen solid in sign of tentative recovery
TOKYO (Reuters) - Japan's industrial output rose in October from the previous month and manufacturers say production likely bounced sharply this month, preliminary government data showed on Wednesday, in a sign of a tentative pickup in factory activity. ( read original story ...)
Universal Studios parks to add Nintendo attractions
KYOTO – Nintendo-themed areas will be added to Universal theme parks in Osaka, Orlando, Florida, and Hollywood, California, over the next few years, Nintendo Co. and Universal Parks & Resorts announced. The new areas will have multiple attractions ... ( read original story ...)
Osaka cops: ‘JK’ parlor provided sex under guise of ‘guidance’
Mutenka Musume allegedly employed school girls in violating of the Child Welfare Act OSAKA (TR) – Osaka Prefectural Police have busted a business in which school girls provided customers with illicit services that management considered coaching ... ( read original story ...)
Toshiba Tec's "Form & Label Solution" Optimizes Logistics Operations
TOKYO--(BUSINESS WIRE)-- Toshiba Tec Corporation (TOKYO:6588) today introduces its “Form & Label Solution” to save on shipping costs while optimizing logistics operations. This solution enables easy, yet precise shipping via its multifunction ... ( read original story ...)
Japan trade minister says deals with Russia to be 'win-win'
TOKYO Japan's trade minister on Wednesday dismissed concerns that boosting economic ties with Russia as part of a push for progress on a decades-old territorial row would mainly benefit Moscow, saying any business deals would be "win-win" for both. ( read original story ...)