News 

Japan will start charging departing travellers a ‘sayonara tax’ from 2019

“According to Nikkei Asian Review, the tax is part of an effort to raise 40 billion yen annually to bolster tourism” writes Business Insider Singapore for businessinsider.com. Travellers who are in Japan for less than 24 hours will also be exempted from the tax.The 1,000 yen ($9.37) tax will kick in starting Jan 7 in 2019, and applies to each person, including locals, leaving the country by air or sea. Source: businessinsider.com Share This:

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Crypto News 

Japan’s Monex considering to buy cryptocurrency exchange Coincheck

“Japanese online broker Monex Group Inc said on Tuesday it is considering buying Coincheck Inc, the local cryptocurrency exchange hit by a high-profile $530 million theft earlier this year” writes Tomohiro Ohsumi for cnbc.com. Coincheck, which in January suffered one of the biggest digital money heists ever, was asked by the Financial Services Agency to improve risk management and prevent further criminal use of digital money.The deal would allow Monex to access Coincheck’s customer base, which saw a spurt in users as the cryptocurrency sector grew rapidly last year.Coincheck’s Chief…

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Markets News 

Toyota, Suzuki to supply each other cars in India – Nikkei

“(Reuters) – Toyota Motor Corp will mutually supply cars in India with Suzuki Motor Corp starting in 2019, a move that would expand the Japanese company’s foothold in emerging markets, the Nikkei reported on Wednesday” reports businessinsider.com. Suzuki, through its unit Maruti Suzuki India Ltd , will supply Toyota with 30,000 to 50,000 units of its Baleno and Vitara SUV cars annually, according to the Nikkei report (https://s.nikkei.com/2pIO0GX).In November, the companies collaborated to sell electric vehicles in India from 2020, aiming to gain access in emerging markets and low-emission technology. Source:…

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Crypto News 

Binance CEO Reassures Crypto Traders, No Conflict…

“This is a major concern of the FSA since the two largest cryptocurrency hacks in the short history of such crime were carried out against Japanese exchanges” reports newsbtc.com. One of the charges in the Nikkei article is that as a Hong Kong-based exchange Binance doesn’t fall under the jurisdiction of the FSA’s authority.Thus, making it impossible to force the exchange to return Japanese funds in the event of a breach of security. Source: newsbtc.com Share This:

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News Stocks 

Stock investors, listen to what the Japanese yen is telling you

“A sharply rallying yen in the past two decades has often meant that institutional investors are unwinding carry trades” writes Ivan Martchev for marketwatch.com. Still, there is a fly in the ointment that needs to be monitored, as it indicates that large institutional investors are pulling in their horns.If many institutional investors try to reverse yen-funded carry trades in a short period of time, the yen tends to rally sharply.However, large multinational institutional investors in many cases obtain low-interest-rate yen financing and buy assets outside of Japan. Source: marketwatch.com Share This:

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Markets News Stocks 

Asian stocks beat a retreat; Nikkei fares the worst

“Asian stocks were largely lower Tuesday, though Hong Kong equities rebounded from early weakness following the Lunar New Year holiday” writes Kenan Machado for marketwatch.com. Away from equities, Brent oil futures LCOJ8, -0.27%  eased 0.4% in Asian trading after Monday’s 1.3% gain. Read: The stock market’s new ‘wall of worry’ is built on inflation and rate fears. While stock trading might have only resumed Tuesday in Hong Kong’s market after the holiday, other Asian equities saw broad declines following wide gains Monday. Source: marketwatch.com Share This:

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Markets News 

Nikkei ends up 2 pct as exporters and big companies gain

“Industrial robot maker Fanuc Corp gained 3.7 percent and clothing chain Fast Retailing advanced 2.5 percent, contributing a combined 77 points to the Nikkei” reports foxbusiness.com. Japan’s Nikkei share average finished 2 percent high on Monday, as exporters gained following a pullback in the yen, while market heavyweights such as Fanuc and Fast Retailing helped boost the benchmark index. Source: foxbusiness.com Share This:

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News 

Currency traders starting to pick up some hints ahead of the European trading session

“And the two leading currencies on the day are the Japanese yen and the Swiss franc” reports forexlive.com. The Nikkei 225 index turned negative moments earlier, and that’s starting to spook out traders a little – but at the moment other Asian equities are not really affected and the Nikkei is almost back on par (down only by 0.07%).It remains to be seen if we will see things spread over to European equities but if it does, expect risk sentiment trades to pick up further during the day. Even with…

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