“An 18-year-old hacker was referred to prosecutors in the Japanese city of Utsunomiya for stealing cryptocurrency, local news outlet Japan Today reported on March 14” writes Ana Alexandre for cointelegraph.com. In 2018, over 7,000 cases of suspected money laundering tied to crypto were reported to Japanese police. Source: cointelegraph.com
Read More“Tokyo Olympic organisers on Friday rolled out a pair of chatty robots they will put to work to assist wheelchair users at the 2020 Games as they continue to plug Japan’s cutting-edge technology” reports france24.com. “But in Japan, people actually want to know how robots can help with and be part of our daily lives.”. Driverless cars, facial recognition and ultra high-definition TV are just a few of the other ways Japan Inc. hopes to use the Tokyo 2020 Olympics to show the world it has regained its touch for…
Read More“Gox, Mark Karpeles, guilty on charges of data manipulation” writes Arnab Shome for financemagnates.com. Though Karpeles was found guilty of tampering trading data on the exchange, he was acquitted from the charges of embezzling millions from client accounts.Gox was one of the first well-received Bitcoin exchange which reportedly once handled 70 percent of the world’s Bitcoin transactions. Source: financemagnates.com
Read More“Trump said whether a trade deal can be reached with China would probably be known in the next three or four weeks” writes Sukree Sukplang for cnbc.com. British lawmakers approved a motion setting out the option to ask the EU for a short delay if parliament can agree on a Brexit deal by March 20, or a longer delay if no deal can be agreed in time.Against the euro, the pound retreated to 85.25 pence from Wednesday’s 22-month peak at 84.725.The euro eased to $1.1307 from Wednesday’s one-week high of…
Read More“Asia Pacific markets mostly traded higher as investors reacted to the Bank of Japan’s monetary policy decision and economic outlook” writes Kiyoshi Ota for cnbc.com. Chinese mainland shares also traded higher: The Shanghai composite was up 1.29 percent while the Shenzhen composite added 1.74 percent. Source: cnbc.com
Read More“MSCI’s broadest index of Asia-Pacific shares outside Japan was up 1.17 percent” writes Weizhen Tan for cnbc.com. Oil stocks in Asia bounced strongly on Tuesday, as oil prices continued to recover this week, lifted by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June. Oil stocks put in a strong showing after losses on Monday, with shares of Santos surging 2.79 percent, Oil Search giving up some gains to rise 0.51 percent, and Woodside Petroleum rising 1.12 percent. Source: cnbc.com
Read More“Ghosn paid the 1 billion yen ($9 million) bail, among the highest ever in Japan, after the Tokyo District Court rejected a last-ditch appeal by prosecutors to keep him in jail” writes Min Read for reuters.com. While the bail is a significant step, Ghosn still faces a criminal justice system with a conviction rate of 99.9 percent.TOKYO (Reuters) – Ousted Nissan boss Carlos Ghosn walked out of a Tokyo prison on a $9 million bail on Wednesday, slipping past reporters in a face mask and moving closer to mounting a…
Read More“A court in the Japanese capital on Tuesday granted bail to former Nissan boss Carlos Ghosn, after his third request and spending nearly four months in prison for alleged financial crimes” writes Tokyo Bureau Chief for washingtonpost.com. Hironaka questioned why the case had been brought against Ghosn now, arguing the allegations date back a decade, and would have been known about by Nissan executives.Speaking at the Foreign Correspondents’ Club of Japan on Monday, Hironaka said he had proposed strict conditions on bail to win Ghosn’s release. “It would mean less…
Read More“This basically highlights the sort of mood surrounding the Japanese economy at the current point in time” reports forexlive.com. Some concerns will surely be raised regarding the sales tax hike that is to come later in the year. The index here measures the households’ confidence on the economy, a minor indicator of financial confidence in some ways. Source: forexlive.com
Read More“Japan has seen a massive rise in the cryptocurrency-related money laundering cases as more than 7000 cases were reported to the police in 2018 alone” writes Arnab Shome for financemagnates.com. Moreover, combining the financial transactions related to money laundering and other abusive cases, Japan has registered 417,465 cases in 2018, compared to only 17,422 reports in the previous year.Gox, one of the first established crypto exchanges, shut its doors, leaving millions in clients’ funds in jeopardy.After the overnight ban of crypto exchanges in China, Japan became the top country handling…
Read More
