Crypto News 

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

“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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Markets News 

Japan’s markets watchdog likely to recommend $22 million fine against Nissan: NHK

“TOKYO (Reuters) – Japan’s markets watchdog will likely recommend soon that the financial regulator fine Nissan Motor Co Ltd about 2.4 billion yen ($22 million) over false reporting on its financial statement, public broadcaster NHK reported on Sunday” writes Midwest Communications Inc for 95kqds.com. Nissan’s former Chairman Carlos Ghosn was arrested in Tokyo in November last year over allegations of financial misconduct, including understating his salary by around 9.1 billion yen ($84.71 million) over a period of nearly a decade and temporarily transferring personal financial losses to the books of…

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News 

Japan’s households tighten purse strings as sales tax, typhoon hit

“Household spending fell 4.6% in April 2014 when Japan last raised the sales tax to 8% from 5%” writes Midwest Communications Inc for 95kqds.com. Analysts expect the economy to shrink in the current quarter due to the sales tax hike.”Not only is the sales tax hike hurting consumer spending but impacts from the typhoon also accelerated the decline in the spending,” said Taro Saito, executive research fellow at NLI Research Institute.That marked a sharp reversal from the 9.5% jump in September, the fastest growth on record as consumers rushed to…

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News 

Trump expected to finalize Japan trade deal next week

“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 

Japan’s third-quarter capex jumps on higher retail sector investment

“On a seasonally adjusted basis, capital expenditure slipped 0.8% from the previous quarter” writes Midwest Communications Inc for 95kqds.com. “The bright news is that capital spending in the manufacturing industry was holding up in the July-September quarter,” said Shigeto Nagai, head of Japan economics at Oxford Economics.TOKYO (Reuters) – Japanese firms boosted capital spending in the September quarter, as retailers and wholesalers raised investment ahead of a long-awaited sales tax hike in October and factories maintained their automation push.Spending by non-manufacturers advanced 7.6%, outpacing the second quarter’s 7% rise and…

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News 

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

“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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News 

Japan’s Nakasone hobnobbed with Reagan, pursued reforms, aimed to alter constitution

“Nakasone, prime minister from 1982 to 1987, hobnobbed on the world stage with Reagan and Margaret Thatcher while battling with bureaucrats over domestic reforms” writes Midwest Communications Inc for 95kqds.com. He himself said he failed to achieve a dream of revising the country’s pacifist, post-war constitution to clarify the ambiguous status of the military. Source: 95kqds.com

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News 

Japan’s factory output posts largest fall in almost two years

“Factory output fell 4.2% in October from the previous month, trade ministry data showed on Friday, below the median market forecast for a 2.1% fall and swinging from a 1.7% rise the previous month” writes Midwest Communications Inc for 95kqds.com. The jobs-to-applicants ratio held steady at 1.57 in October from the previous month, health ministry data showed.Meanwhile, Japan’s jobless rate and jobs-to-applicants ratio held steady in October, separate official data showed on Friday, suggesting the nation’s tightest jobs market in decades is holding up.Japan’s decision to implement the sales tax…

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News Regulators 

Bank of Japan policymaker Sakurai sets high bar for additional easing

“Japan’s economic growth slumped to its weakest in a year in the third quarter as soft global demand knocked exports” writes Midwest Communications Inc for 95kqds.com. “If there’s a crisis that could disrupt Japan’s financial system … a bold policy response is necessary,” Sakurai said in a speech to business leaders in Kobe, western Japan.Sakurai, among the Bank of Japan’s (BOJ) nine board members, said the central bank would need to ease if the economy was hit by a severe shock that disrupts its banking system and triggers a recession.Sakurai…

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