TOKYO - A Japanese court has sentenced a Peruvian man to hang for killing ... He broke into three homes in September 2015. Kyodo News says he was also convicted of robbery for stealing 9,000 yen ($85) and a car. During his arrest, Nakada slashed himself ... ( read original story ...)
Japan’s Kobe Steel names Yamaguchi as president after data fraud
TOKYO (Reuters) - Japan’s Kobe Steel Ltd (5406.T) on Friday appointed the head of its machinery business as its new president and chief executive, looking outside its major steel division for leadership in the wake of a widespread data fraud scandal. ( read original story ...)
Japan probes possible suicide of finance official amid cronyism scandal: media
TOKYO (Reuters) - Japanese police are investigating as possible suicide the death of an official at a finance ministry bureau that handled a land deal at the heart of a cronyism scandal threatening Prime Minister Shinzo Abe's popularity, media said on Friday. ( read original story ...)
China, Japan, South Korea bristle over U.S. steel, aluminum tariffs
In South Korea, shares in Posco (:0054900.KS) were down more than 3 percent, while in Tokyo Japan's biggest steelmaker Nippon Steel & Sumitomo Metal (Tokyo:5401.T - News) was down slightly. Chinese steel futures slumped to their weakest level since November. ( read original story ...)
Japan auto parts giant Denso raises stake in chip maker Renesas
TOKYO (Reuters) - Japanese auto parts supplier Denso Corp (6902.T) said on Friday it has agreed to acquire an additional 4.5 percent stake in chip maker Renesas Electronics Corp (6723.T), as carmakers accelerate development of self-driving vehicles and ... ( read original story ...)
Japan Toughens Oversight, Penalizes Cryptocurrency Exchanges
Japan’s Financial Services Agency (FSA ... Coincheck to Repay Victims In a news conference today, Coincheck also announced that it will begin compensating users who had their cryptocurrency stolen, beginning as soon as next week. The exchange was ... ( read original story ...)
Young Australian property investors look to buy in Japan
Young Australians fed up with rising house prices in Australia are looking as far afield as Japan to invest in their first property. New data from currency exchange OFX reveals Australians are transferring cash into Japanese Yen more than ever before ... ( read original story ...)
Japan central bank keeps policy steady, Kuroda likely to flag distant stimulus exit
TOKYO (Reuters) - Japan’s central bank kept monetary settings unchanged on Friday and stuck to its upbeat view on the economy, underscoring its conviction that its massive stimulus program is helping drive inflation toward its elusive target. With fears ... ( read original story ...)
Bank of Japan Sticks With Holding Pattern
TOKYO—The Bank of Japan left its aggressive easing policy unchanged Friday and offered no new clues on when and how it might join other major central banks in winding down its measures as Haruhiko Kuroda heads toward a second five-year term as governor. ( read original story ...)
Japanese Market Sharply Higher Ahead Of BOJ Decision
In addition, a weaker yen lifted exporters' shares. Meanwhile, the Bank of Japan will wrap up its monetary policy meeting announce its decision on interest rates later in the day. The central bank is widely expected to keep its benchmark lending rate ... ( read original story ...)
Japan real wages slump, overshadow rebound in household spending
A spate of data issued on Friday cast doubt on the Bank of Japan’s optimistic projection that a strengthening recovery will prompt firms to hike wages and boost consumption, helping accelerate inflation to its elusive 2 percent target. The weakness in ... ( read original story ...)
Wynn Resorts settles lawsuit for $2.4B with Tokyo company
Wynn Resorts has agreed to pay $2.4 billion in a settlement with a Tokyo casino game maker and its U.S. unit over ... Her attorney has denied that she instigated the news story. Steve Wynn resigned as chairman and CEO of the company Feb. 6. ( read original story ...)
Japanese banks to use Ripple for blockchain for payments
CNBC reports that the Japan Bank Consortium, comprised of 61 member banks, is set to release MoneyTap, a Ripple-powered smartphone app that will allow customers to settle transactions in real time. The country's current system for cash transfers is limited. ( read original story ...)
Japanese banks to roll out blockchain-based instant payments
Ripple powered mobile app to provide on-demand domestic payments in Japan — Ripple — “MoneyTap allows the bank consortium customers to make instant domestic payments and only requires a bank account, phone number, or QR code… The Japan bank ... ( read original story ...)
Japan Bank Consortium Prepares Ripple-Powered Mobile App for Instant Transactions
JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector. ( read original story ...)
What’s Propelling OITA BANK LTD ORDINARY SHARES JAPAN (OTCMKTS:OITAF) After Higher Shorts Reported?
The stock of OITA BANK LTD ORDINARY SHARES JAPAN (OTCMKTS:OITAF) registered an increase of 800% in short interest. OITAF’s total short interest was 900 shares in March as published by FINRA. Its up 800% from 100 shares, reported previously. It closed at ... ( read original story ...)