News 

Walmart reportedly wants to sell Japanese supermarket chain Seiyu

“U.S. retailer Walmart Inc has decided to sell Japanese supermarket chain Seiyu and has already approached major retailers and private equity funds, the Nikkei business daily reported on Thursday” writes Scott Olson for cnbc.com. Walmart has been looking to jumpstart its overseas business by retreating from lower-growth markets and investing in places like China and India.In addition to competition from online retailers such as Amazon.com, retailers in Japan are grappling with sluggish consumer spending as the country struggles to escape from 15 years of deflation. Source: cnbc.com Share This:

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Apple shares fall 2% after report says it’s warning suppliers about a sharp drop in parts orders

“It is also the most expensive phone to have ever been released by the company, with a $999 price tag” writes Ryan Browne for cnbc.com. Apple shares fell 2 percent in U.S. premarket trading on Friday, after a report said the firm told its supply chain to make 20 percent fewer parts for iPhones in the second half of 2018. Source: cnbc.com Share This:

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Kobe Steel says under investigation over data tampering scandal

“In addition to the Japanese investigation, Kobe Steel is also the subject of a U.S. Justice Department probe” writes Midwest Communications Inc for 95kqds.com. TOKYO (Reuters) – Kobe Steel Ltd said on Wednesday that it is under investigation by Japanese authorities over its data tampering, widening a scandal that undermined faith in Japan’s industrial sector last year.A company spokesman confirmed the investigation concerned the data tampering but declined to say when the probe started.A criminal investigation opens up a new phase of the scandal that began when Kobe Steel last…

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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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