City Tokyo Financial News

Crypto exchange DMM Bitcoin based in Japan, which suffered a major hack losing 4,502.9 Bitcoin on Friday, is planning to raise funds to buy BTC in order to compensate its customers.

Japan's leading automaker involved a range of issues, including the use of inadequate or outdated data in collision tests, incorrect testing procedures for airbag inflation and rear-seat damage in crashes, and falsification of emissions tests. The irregularities also extended to models that had already been discontinued.Despite the gravity of the situation, Toyota assured the public that the safety of vehicles already on the roads, including the popular Corolla subcompact and Lexus luxury vehicles, remained unaffected.In a press conference held in Tokyo, Toyoda bowed deeply as he expressed sincere regret for the company's actions.

Toyota Chairman Akio Toyoda has apologized for massive cheating on certification tests for seven vehicle models

World shares have started June mostly higher, though gains in some markets were whittled back later in the day

World championships silver medallist boxer Amit Panghal's (51kg) remarkable comeback to the national team culminated in an Olympic berth while Jaismine Lamboria reclaimed the women's 57kg quota for India at the 2nd World Qualification Tournament here on Sunday. Panghal, India's lone world championships silver medallist, notched a hard-fought 5-0 win over China's Chuang Liu in the 51kg quarterfinals to punch a ticket to his second Olympic Games.

Godzilla Minus One was released in theatres in November 2023. It has now received an OTT release. The Japanese movie, directed by Takashi Yamazaki, started streaming on Netflix on June 1.

Blackstone Inc has agreed to buy Japanese e-comics provider Infocom Corp, according to people familiar with the matter. The world's largest alternative asset manager has emerged as the buyer of a 55.1% stake in Infocom held by Tokyo-listed Teijin Ltd., the people said, asking not to be identified because the matter is private.

World shares are mixed after an official survey showed Chinese factory activity weakening in May on slowing export orders

dollar was licking wounds against peer currencies on Friday after a downward revision to U.S. GDP for the first quarter suggested room for rate cuts this year, while investors braced for inflation data. Official data showed overnight that the U.S. economy grew at an 1.3% annualised rate from January through March, down from the advance estimate of 1.6% after downward revisions to consumer spending.

Uncertainty looms over the Uniswap (UNI) price chart due to the crypto’s recent battle with regulatory bodies, and mediocre price performances taint Kaspa (KAS) value, causing investors to look for greener pastures. Amid these developments, BlockDAG (BDAG) is making unforgettable appearances in major global hotspots such as Tokyo, Las Vegas, and London, triggering an 850% price surge.

Shares have opened higher in Europe after a retreat in Asia

North Korea on Thursday fired a barrage of suspected ballistic missiles toward its eastern sea, according to South Korea's military, days after its attempt to launch a military reconnaissance satellite ended in failure but still drew strong condemnation from its rivals. South Korea's Joint Chiefs of Staff said it detected the North firing around 10 projectiles that appeared to be short-range ballistic missiles from an area near its capital, Pyongyang. It said the suspected missiles flew around 350 kilometers (217 miles) before landing in waters off the North's eastern coast. It said the South Korean military has increased surveillance and vigilance and is closely sharing information with the United States and Japan. Japan's coast guard issued a maritime safety advisory over the North Korean launches and urged ships to exercise caution if they find any fallen objects. Japan's Prime Minister Fumio Kishida told reporters that the suspected missiles were believed to have landed in waters outside of Japan's exclusive economic zone and there were no immediate reports of damages. He said Tokyo «strongly condemns» the launches, which are in violation of U.N. Security Council resolutions against the North.

North Korea fired a salvo of short-range ballistic missiles early Thursday, Seoul's military said, hours after Pyongyang sent hundreds of trash-filled balloons across the border to punish South Korea. The launch follows a failed attempt by the nuclear-armed North to put a second spy satellite into orbit on Monday, shortly after Seoul, Beijing and Tokyo held a rare summit and called for Pyongyang to give up their nukes. Kim Jong Un's powerful sister on Thursday referred to the balloon barrage, which reportedly contained animal faeces, as «sincere presents» for the South in a statement, saying they were justified retaliation for anti-Kim propaganda sent northwards by activists.

A report by the United Nations says that as economies in Asia and the Pacific slow and grow older, countries need to do more to ensure that workers get the education, training and social safety nets needed to raise incomes and ensure social equity

Central Bank Governor Chea Serey revealed On May 28 that the Central Bank Digital Currency (CBDC) Bakong could increase the adoption of Cambodia’s Riel currency by facilitating cross-border QR payments.

Japanese automaker Toyota introduced plans to cast a futuristic spin on the traditional internal combustion engine

Federal Reserve Bank of Cleveland President Loretta Mester said the US central bank should consider ways to better communicate to the public how economic conditions will affect future policy decisions.

Bitcoin fell as traders monitored transfers by wallets belonging to the failed Mt. Gox exchange, whose administrators have been stepping up efforts to return a $9 billion hoard of the largest digital asset to creditors.

Shares are mixed in Asia after U.S. markets were closed for the Memorial Day holiday

Shares have advanced in Europe and Asia ahead of Monday's Memorial Day holiday in the United States

Bitcoin fell as traders monitored transfers by wallets belonging to the failed Mt. Gox exchange, whose administrators have been stepping up efforts to return a $9 billion hoard of the largest digital asset to creditors. The original cryptocurrency dropped as much as 2.7% and was trading at about $67,840 as of 12:15 p.m. Tuesday in Singapore. The weakness spread to smaller coins, including second-ranked Ether.