Brokers News 

Japanese Brokers See Large Uptick in Deposits in December

“In terms of deposits, Japanese retail traders, across all 53 brokerages, deposited 184.34 billion yen ($1.69 billion) in December” writes David Kimberley for financemagnates.com. For brokers, that meant December was, with the exception of January, February and August, their best month for deposits in 2018.The Financial Futures Association of Japan (FFAJ) released a set of statistics this Friday detailing the state of the retail trading industry in the East Asian country.According to the investor protection and research agency, at the end of December 2018, there were 53 companies in Japan…

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GBP News 

Hitachi freezes UK nuclear project as Brexit crisis deepens

“Mitsubishi Heavy Industries Ltd has effectively abandoned its Sinop nuclear project in Turkey, a person involved in the project previously told Reuters, as cost estimates had nearly doubled to around 5 trillion yen” writes Midwest Communications Inc for 95kqds.com. “It is now clear that further time is needed to develop a financial structure for the Horizon project and the conditions for building and operating the nuclear power stations,” Hitachi said.The company will continue discussions with the British government on nuclear power, it said.China’s General Nuclear Services, an industrial partnership between…

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Crypto News 

Japanese Finance Giant SBI’s Crypto Subsidiary Backs Mobile Wallet BRD

“SBI Crypto Investment, a subsidiary of the Japanese financial giant SBI Holdings, has invested in crypto firm Breadwinner AG, Cointelegraph Japan reports on Jan. 15” writes Adrian Zmudzinski for cointelegraph.com. As Cointelegraph reported in December of last year, SBI Holdings’ own crypto exchange Vctrade has implemented Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) deposits. In September news broke that another subsidiary of SBI Holdings, Korea’s SBI Savings bank, had signed a memorandum of understanding with Dayli Intelligence, a company specializing in artificial intelligence and blockchain technologies.SBI’s crypto investment fund did…

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GBP Markets News 

Asia markets set to trade cautiously following US declines

“The Australian dollar traded at $0.7196 as of 7:32 a.m” writes Saheli Roy Choudhury for cnbc.com. Asia Pacific markets appear to be set for a cautious trading session on Tuesday amid lingering concerns over an economic slowdown in China, which dampened sentiment at the start of the week after China released trade data.Nikkei futures pointed to a lower open for the Japanese market, which was set to resume trading after being closed on Monday for a public holiday. Source: cnbc.com

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News 

Japan December consumer confidence index 42.7 vs 42.8 expected

“The index measures the households’ confidence on the economy, a minor indicator of financial confidence in some ways” reports forexlive.com. It’s a minor data point but certainly something to watch out for in terms of how much this impacts hard data in the Japanese economy.Although the reading is roughly in-line with expectations, a continued fall basically highlights waning confidence by consumers and that’s not a positive sign. Source: forexlive.com

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Crypto Markets News 

Japan’s FSA Considering to Approve Crypto-Backed ETFs

“This comes almost a month after the market watchdog shelved its plans to allow crypto-backed futures in the Japanese market” writes Arnab Shome for financemagnates.com. According to Bloomberg’s source, the Japanese market watchdog is currently accessing the interest of the market players to list Bitcoin and Ethereum-backed ETFs.The Financial Services Agency, Japan’s financial market watchdog, is exploring the idea to allow cryptocurrency-based exchange-traded funds (ETFs), according to a recent Bloomberg report.As compared to the United States $3.7 trillion ETF market, the Japanese market is very small and is estimated to…

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News 

Nissan’s Ghosn to appear in Japanese court within 5 days: NHK

“Ghosn filed a request with the Tokyo District Court on Friday and the court is required to hold a hearing within five days, the national broadcaster reported” reports businessinsider.com. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends a press conference on the second press day of the Paris auto show, in Paris Thomson Reuters TOKYO (Reuters) – Ousted Nissan Motor Co Chairman Carlos Ghosn is set to appear in court within five days after he requested an open hearing to hear the reason for his detention,…

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Markets News Regulators 

Yen holds steady, but mood sours on global growth worry

“The safe-haven yen strengthened marginally versus the dollar on Friday as broader market sentiment remained weak on rising concerns over a sharp slowdown in global growth” writes unknown author for cnbc.com. The Fed raised rates four times in 2018 on the back of strong growth momentum and a robust labor market.A plunge in new orders and hiring at factories suggested the economy was not immune to slowing growth in China and Europe.However, with financial conditions tightening, most analysts now do not expect the Fed to raise rates in 2019. Source: cnbc.com

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Markets News 

Yen’s surge is a red flag for world markets

“And falling demand forced Apple to issue a rare cut in its sales forecast, sending tremors through global markets” reports businessinsider.com. Japan’s large current account surplus means global markets consider it a safe haven.LONDON (Reuters) – A gradual rise by the Japanese yen in recent weeks culminated in a dramatic overnight surge — firing a warning shot for world markets and the global economy in 2019.Market watchers say the yen’s latest ascent is a sign that the global economy is set for a rocky ride ahead.That suggests the bulk of…

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