Japan Financial News

By Ankur Banerjee

Creditors of now-defunct crypto exchange Mt. Gox have reported receiving fiat repayments for their trapped Bitcoin on the social media platform Reddit. 

Quiver Quantitative — The U.S. dollar is facing challenges in gaining momentum in the global currency markets, impacted by recent data indicating a cooling in U.S. inflation. This trend is fueling expectations that the Federal Reserve may ease interest rates in the coming year. Amidst the holiday season's thin trading, the euro and sterling showed marginal changes against the dollar, while the Australian and New Zealand dollars hovered near their five-month highs.

Investing.com-- Asian stocks moved in a flat-to-low range in holiday-thinned trade on Tuesday as soft U.S. inflation data fueled bets that the Federal Reserve will cut interest rates in 2024, although uncertainty over the timing of the move remained.

Catch Live Market Updates here Analysts expect the market to remain range bound with stock specific action this week ahead of the year end. However, the underlying tone of the market remains positive on rising bets on the US Federal Reserve to cut interest rates early next. The Indian stock market indices ended higher on Friday tracking positive cues from global peers.

stocks traded tentatively on Tuesday, while the dollar lurked near a five-month low as cooling U.S. inflation bolstered bets the Federal Reserve would cut interest rates soon. Investors were still digesting data released on Friday that showed U.S. prices fell in November for the first time in more than 3-1/2 years, underscoring the economy's durability.

Asset managers turned bullish on the yen from bearish for the first time since May on the growing view that the Bank of Japan will probably end its ultra-easy policy in 2024 while its major peers cut interest rates. The latest Commodity Futures Trading Commission data for the week through Dec.

The yen meanwhile steadied near its recent five-month peak on the prospect that the Bank of Japan (BOJ) could soon mark an end to its ultra-easy policy. For most of 2022 and 2023, the policy has kept the Japanese currency under pressure as other major central banks globally embarked on aggressive rate-hike cycles. Currency moves were largely muted in the day after Christmas, with markets in Australia, New Zealand and Hong Kong still out for the Boxing Day public holiday. Against the greenback, the euro slipped 0.06% to $1.1019, but was not too far from a more than four-month top of $1.1040 hit last week. Sterling was little changed at $1.2701, while the Australian and New Zealand dollars were huddled near their recent five-month peaks. The dollar index languished near a five-month low of 101.42 hit last week, and was last at 101.65. Data released on Friday showed U.S.

Gold prices inched higher in holiday-thinned trade on Tuesday, helped by a weaker U.S. dollar and lower bond yields on rising prospects of interest rate cuts by the Federal Reserve as early as March next year. FUNDAMENTALS * Spot gold was up 0.2% at $2,056.80 per ounce, as of 0118 GMT. * U.S.

«Overall the mood of the market remains positive. We expect the market to remain range bound with stock specific action next week,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS Gift Nifty (Earlier SGX Nifty) signals a positive Nifty futures on the Gift Nifty traded at 21,418.50, up 24 points or 0.11%, signalling a positive start for Dalal Street.

By Leika Kihara and Takahiko Wada

TOKYO (Reuters) — Japan's business-to-business service inflation was steady at 2.3% in November, data showed on Tuesday, suggesting companies were gradually passing on rising labour costs amid prospects for sustained wage gains.

NEW DELHI : Packaged foods company LT Foods, widely known for its Daawat brand of rice, is eyeing a greater share of business from convenience foods such as ready-to-cook meals and snacks, with an aim to generate revenues of ₹800 crore from them by 2028-29. The move comes after the company set plans in motion to diversify from selling packaged rice under Daawat, which is sold both in India and exported to markets overseas. In 2017, LT Foods set up a joint venture (JV), Daawat-Kameda India Pvt.

Japanese home projector app designed by Aladdin X, has become a sensational viral hit, capturing the hearts of gaming enthusiasts. The game's simple yet addictive mechanics propelled it to the top of Nintendo Switch downloads, creating a cultural buzz and unexpected success. Here's a closer look at the story behind Suika Game's meteoric rise.

TOKYO (Reuters) — Toyota Motor (NYSE:TM)'s small car unit Daihatsu Motor will compensate 423 domestic suppliers with which it has direct business relations as its plants in Japan remain idled due to a safety scandal, a spokesperson said on Monday.

Japan‘s cabinet has recently approved a key change in the fiscal 2024 tax policy, removing the tax on unrealized gains for corporate-held crypto assets, according to Nikkei.

Chinese state media accused the Philippines on Monday of repeatedly infringing on China's territory in the South China Sea, spreading false information and colluding with extraterritorial forces to cause trouble. The Philippines has relied on U.S. support to continually provoke China, with such "extremely dangerous" behaviour seriously harming regional peace and stability, China's Communist Party mouthpiece, the People's Daily, wrote in a commentary on Monday.

₹1,65,845 crore. The pace of FPI inflows picked-up in December. According to NSDL data, FPIs bought Indian stocks worth ₹47,569 crore so far in December–the highest since July.

BANGKOK (Reuters) — Major Japanese auto manufacturers will invest 150 billion baht ($4.34 billion) in Thailand over the next five years, a Thai government spokesperson said on Monday, supporting the Southeast Asian country's transition to making electric vehicles.

Investing.com – Japan stocks were higher after the close on Monday, as gains in the Paper & Pulp, Banking and Chemical sectors led shares higher.

Toyota Motor Co. halted shipments of six car models in some Southeast Asian countries as its subsidiary Daihatsu Motor Co. faces a widening safety scandal, the Yomiuri reported without citing sources.