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Tag: japan

Crypto News 

Japan’s 2nd-Largest Utility Trials Blockchain for Renewable Energy Credits

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“These provide energy retailers with proof that the portion of energy under the certificate is generated from renewable energy sources” writes Marie Huillet for cointelegraph.com. The second-largest power utility in Japan is extending its trial of a blockchain-powered system for transacting renewable energy credits.In 2018, Japan was the world’s fifth-largest consumer of electricity, yet produced only 17.5% of its energy from renewable sources.An initial successful trial between KEPCO and power Ledger had reportedly demonstrated that allowing energy producers to trade their surplus energy via the platform was an efficient way…

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Japan service sector sentiment improves slightly in November: government

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“TOKYO (Reuters) – Japan’s service sector sentiment index rose to 39.4 in November, a Cabinet Office survey showed on Monday, rebounding after a sales tax hike and a huge typhoon pushed the index to an 8-1/2-year low in October” writes Midwest Communications Inc for 95kqds.com. The survey of workers such as taxi drivers, hotel workers and restaurant staff – called “economy watchers” for their proximity to consumer and retail trends – showed their confidence about current economic conditions rose 2.7 points from 36.7 in October, which was the lowest since…

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Japan upgrades third quarter GDP as consumer, business strength absorbs hit from trade

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“Net exports – or exports minus imports – subtracted 0.2 percentage point from revised GDP growth, while domestic demand added 0.6 percentage point” writes Midwest Communications Inc for 95kqds.com. Analysts already expect the economy to shrink in the current quarter due to the sales tax hike.The stronger growth marked the fourth consecutive quarter of expansion and also beat economists’ median forecast for a 0.7% gain.A gloomy set of data, including worse-than-expected October household spending and retail sales figures, suggests the hit to consumption from the sales tax hike may be…

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Japanese Financial Giant SBI Holdings Considers Paying Dividends in XRP

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“Japanese financial services giant SBI Holdings is considering to pay shareholder dividends in the form of XRP tokens, following the same practice by its subsidiary MorningStar” writes Helen Partz for cointelegraph.com. The launch of XRP dividends on MorningStar resulted in a growing number of daily applications for SBI’s cryptocurrency exchange, SBI VC Trade, Kitao reportedly stated.The two firms have worked closely in the past, with SBI Holdings an active partner of Ripple via their joint venture SBI Ripple Asia, which was formed to promote XRP usage in Asian financial markets…

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Trump expected to finalize Japan trade deal next week

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“U.S. Trade Representative Robert Lighthizer praised Japan’s legislature Wednesday for approving a trade agreement with the United States and said President Trump would sign the deal soon, likely next week” reports washingtonexaminer.com. “Now, U.S. farmers and ranchers will have significantly improved access to Japan’s market, and America’s leadership in the growing digital economy will continue to flourish to the benefit of all our workers,” Lighthizer said, noting that the U.S. and Japan represent the world’s largest and third-largest economies, respectively.Trump and Japanese Prime Minister Shinzo Abe signed a limited trade…

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News Stocks 

Here’s how much stock could’ve been bought with all the QE central banks have done

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“Now, legally, the Federal Reserve is not allowed to buy equities, though not all central banks are similarly constrained” writes European Markets Editor for marketwatch.com. Led by the Bank of Japan, central banks have collectively added $10 trillion in assets over the last decade.One of the major stories of the last decade was central bank enthusiasm for what’s called quantitative easing, or in simpler terms, creating money by buying bonds and other financial assets from banks and other private institutions. Source: marketwatch.com

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No Demand for a State Digital Currency in Japan: Central Bank Governor

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“Bank of Japan (BOJ) Governor Haruhiko Kuroda said that there is no public demand for a central bank digital currency (CBDC) in the country” writes Adrian Zmudzinski for cointelegraph.com. Still, when it comes to global stablecoins such as Facebook’s Libra, Kuroda said the bank would take a more cautious approach.Meanwhile, countries worldwide are increasingly researching public and private digital currencies and stablecoins.Nevertheless, the Bank of Japan has been conducting technical and legal research on this matter in order to stand ready when the need for CBDC 13 may arise in…

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Shinzo Abe says Japan still supports nuclear deal

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“TEHRAN – Japanese Prime Minister Shinzo Abe said on Tuesday that Japan still supports the 2015 nuclear deal, formally known as the JCPOA. During a meeting with Iranian Deputy Foreign Minister Abbas Araghchi in Tokyo, Abe said that Japan will continue playing its diplomatic role in preserving the JCPOA. Araqchi also submitted a written message from President Hassan Rouhani to Abe” reports tehrantimes.com. U.S. President Donald Trump quit the 2015 nuclear deal, known as the JCPOA, in May 2018 and introduced the harshest ever sanctions on Iran.After waiting for a…

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Japan government mulls over $92 billion stimulus package to spur growth: Nikkei

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“TOKYO (Reuters) – Japan’s government is considering putting together a large-scale economic stimulus package with fiscal spending exceeding $92 billion, the Nikkei newspaper said, as soft global demand and the U.S.-China trade war dampen the country’s fragile recovery” writes Midwest Communications Inc for 95kqds.com. Ruling party lawmakers have been pressuring the government to compile a big spending package, increasing the chance fiscal policy will play a bigger role in supporting growth despite the risk of more debt issuance. Source: 95kqds.com

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South Korea to hold trade talks with Japan in December

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“SEOUL (Reuters) – South Korea and Japan have agreed to hold senior-level trade talks in December to discuss Tokyo’s export restrictions at the center of a bitter dispute between the two countries, the South Korean trade ministry said on Friday” writes Midwest Communications Inc for 95kqds.com. Officials from both countries met on Thursday to discuss holding the senior-level trade dialogue, according to the South Korean trade ministry.Seoul responded by taking Japan off its list of fast-track trade countries, deepening the trade dispute that has festered for months and hurt some…

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