News 

A 93-year-old World War II veteran returned a fallen Japanese soldier’s flag to his family

“For the first time in 73 years, the Yasue family can finally receive closure for the brother that never came home from war” writes Sgt Neysa Huertas for businessinsider.com.au. He cared for the flag meticulously and never once forgot the promise he made to Yasue as he took the flag from him in the midst of war. Source: businessinsider.com.au Share This:

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Will Japan’s haven status hold up amid North Korean tensions?

“The South Korean won USDKRW, -0.14% would, of course, suffer in case of a war as the nation would face physical confrontations along its Northern border” writes Anneken Tappe for marketwatch.com. The relationship between the Japanese currency and risk aversion is based on Japan’s so-called current accounts — a broad gauge of the country’s trade in goods and services, including employee wages and income from investments. Source: marketwatch.com Share This:

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Crypto News 

Bitcoin hits another record high, value has risen over $15 billion in one week alone

“Bitcoin hit a fresh record high on Monday, continuing the rally from the weekend thanks to strong Japanese demand” writes Manuel Romano for cnbc.com. The price of bitcoin hit $4,330.71, setting a fresh all-time high and surpassing the record $4,225.40 hit on Sunday, according to data from industry website CoinDesk.In the last week alone, bitcoin has added over $15 billion in market capitalization.And year-to-date, bitcoin is up over 320 percent. Source: cnbc.com Share This:

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Markets News 

Economy posts longest expansion in more than a decade

“The Japanese economy has recorded its longest economic expansion in more than a decade after official data showed that it grew at 1% in the last quarter” writes Martin Farrer for theguardian.com. The world’s number three economy has been picking up steam, with investments linked to the Tokyo 2020 Olympics also giving growth a boost.The scheme – a mix of huge monetary easing, government spending and reforms to the economy – stoked a stock market rally and fattened corporate profits.Recording its sixth straight quarter of growth, the economy blew past…

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Crypto News 

Bitcoin vaults to new record above $4K, boosted by Japan and multiplying its value fourfold

“The digital currency bitcoin vaulted to a new record high above $4000 on Saturday, boosted by strong Japanese demand on its way to multiplying its value fourfold this year” writes Evelyn Cheng for cnbc.com. Analysts have also noted increased investor interest, especially from institutional investors, after bitcoin successfully survived an Aug. 1 split into bitcoin and bitcoin cash.US-dollar bitcoin trade accounted for about 25 percent, according to CryptoCompare.Bitcoin trade in Japanese yen accounted for nearly 46 percent of global trade volume, up from about a third a day ago, according…

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Mapped: U.S. and Allied Missile Defenses Against North Korea

“Another option is Aegis Ashore, a naval tracking and missile defense system that has been converted to a land defense battery” writes Jeffrey Lewis for foreignpolicy.com. The Japanese don’t have any other land-based missile defense systems, but have been looking into purchasing the THAAD missile interceptor, which the United States deployed to South Korea earlier this year.Faced with North Korean threats to launch medium-range ballistic missiles over Japanese airspace and toward Guam in coming days, Japan is scrambling to move four Patriot missile defense batteries to its western shores, defense…

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Toyota, Intel, others to form auto big-data consortium

“Toyota, chipmaker Intel and other technology and auto companies are forming a consortium to create an ecosystem for big data used in connected cars, the Japanese automaker said on Thursday” reports autoblog.com. The consortium aims to use data to support emerging services such as intelligent driving, creating maps with real-time data and driving assistance based on cloud computing, Toyota said in a statement. Data volume between vehicles and the cloud is expected to reach 10 exabytes per month around 2025, about 10,000 times larger than at present, Toyota said. Source: autoblog.com…

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News Platforms 

Japanese VC Funds Invest $9m in NEM-Powered ICO Platform COMSA

“COMSA is its ICO fundraising and cross-chaining platform built on the NEM blockchain protocol” reports financemagnates.com. Tech Bureau, a Tokyo-based fintech and cryptocurrency solutions developer, today announced an investment of over $9 million by Japanese VCs in COMSA’s Initial Coin Offering (ICO).With the development of the COMSA platform, we are now creating a whole new paradigm where capital can be raised with VC participation,” commented Lon Wong (Lon) President, NEM.io Foundation. “What we hope to see in the future is how Security Exchange Commissions of the world will learn from this initiative,…

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JPY News 

How to trade currencies amid rising North Korea tensions

“The Swiss franc, the U.S. dollar and even the euro might be the best options for investors trading currencies in the face of rising threats from North Korea, analysts told CNBC. “The CHF (Swiss franc) along with the JPY (Japanese Yen) are widely considered the usual safe-haven currencies” writes Silvia Amaro for cnbc.com. However, given geographical proximately I would expect the JPY to be most sensitive to issues regarding North Korea,” Jane Foley, head of forex strategy at Rabobank, told CNBC Wednesday.In fact, the Swiss franc rose 1 percent against…

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Brokers News Platforms 

ArenaFX becomes latest Japanese broker to terminate MT4 offering

“Retail FX broker Arena-FX Co., Ltd, aka ArenaFX, has become the latest Japanese Forex company to stop offering the MetaTrader 4 (MT4) platform to its clients” reports financefeeds.com. That is why it is rarely surprising when Japanese FX brokers put an end to a service that is not originally Japanese. It will be interesting to see whether Japanese brokers will adopt MT5 in place of MT4. Source: financefeeds.com Share This:

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