Japan Financial News

euro was near a 15-year high on the yen and was firm against the dollar on Thursday, following hawkish remarks from European policymakers and the prospect of falling energy prices. At $1.0703 the common currency withstood a rising greenback after the European Central Bank's chief economist said he had not seen enough progress in taming inflation. Overnight, the euro touched its highest since 2008 at 161.73 yen, having broken out since the Bank of Japan left short-term rates on hold last week as investors see the pair as safer than navigating the risk of an intervention in dollar/yen. The euro is also up 0.5% this week to 87.14 pence. Ireland's central bank chief Gabriel Makhlouf said on Wednesday further interest rate hikes should not be excluded, something markets do not expect at all, while Bundesbank President Joachim Nagel said the «late mile» to the inflation target may be the toughest. «While the market has been focusing on the prospects of rate cuts from (G10 central banks) next year, many of the respective central bankers have been pushing back against this speculation,» said Rabobank senior strategist Jane Foley. «As long as inflation remains above target, policy makers are likely to want to keep alive the risk of further tightening particularly since a significant drop in market rates could worsen inflationary risks.» The unloved yen failed to get much of a boost from a fall in U.S.

By Tetsushi Kajimoto

The Progmat Coin ecosystem is taking shape in Japan. With a market maker, wallet provider and cryptocurrency exchanges on board, Progmat and Mitsubishi UFJ Financial Group (MUFG) hope to launch two stablecoins in the summer of 2024.

Gala seems to be one of the best crypto to buy now, as the Gala price is surging by over 8% following the project’s participation in Binance Blockchain Week in Istanbul.

Like a Dragon’ series, previously known as Yakuza, has seen tremendous growth in the last 20 years. In 2005, Yakuza introduced Kazuma Kiryu and his Yakuza family, which still unfolds today. The Yakuza series was once known for its brutality, similar to the Japanese criminal syndicate. Over the years, it has become more humorous, emphasizing its over-the-top elements to distinguish each entry from the others. For those wondering about the order of the games, here's a breakdown of the mainline Yakuza games in chronological order. There are a total of 23 Yakuza entries, with nine of them being part of the mainline series. Some of the spin-offs, like Fist of the North Star: Lost Paradise, feature characters from the Yakuza series but are not direct spin-offs. Other notable entries include Like a Dragon: Ishin!, Judgment, and its sequel, Lost Judgment, which follows a detective's story. You don't need to play all 23 games to understand the Yakuza plot. However, each game adds depth to the world of these characters, expanding the ever-growing Yakuza universe. Here is the suggested sequence to play the mainline Yakuza games to experience the series' story game by game: Yakuza 0 Yakuza Kiwami Yakuza Kiwami 2 Yakuza 3 Yakuza 4 Yakuza 5 Yakuza 6: The Song of Life Yakuza: Like A Dragon Like a Dragon: Infinite Wealth

Traders also remained on alert for potential intervention in the Japanese yen as it holds above the 150 level against the dollar. Many economists and analysts expect the U.S. economy to slow in the fourth quarter, which makes further rate hikes less likely and will dent the appeal of the greenback, which has benefited from the relative strength of the United States compared to other major economies. “The dollar is vulnerable to weaker data going forward," said Shaun Osborne, chief foreign exchange strategist at Scotiabank in Toronto.

Israeli ambassador Naor Gilon urges Indians to light a ‘Diya of Hope’ for hostages held by Hamas Several terms have come to the fore since fighting began last month – with calls for a truce, a humanitarian truce, de-escalation, a humanitarian ceasefire and a cessation of hostilities. There is no clear definition for each of these concepts with all referring to a break in fighting – of varying lengths. A pause is simply considered less formal and shorter than a ceasefire.

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China to become the most represented country in the QS World University Rankings: Asia 2024 for the first time ever, reflecting the rising prominence of the South Asian country’s higher education system amid steps taken towards increasing the research output, academic recognition and internationalisation. As many as 148 Indian institutions feature on the sixteenth annual list comprising 856 universities from 25 Asian countries released by global higher education analyst Quacquarelli Symonds, ahead of Mainland China (133) and Japan (96). Last year, 118 Indian universities had made it to the list. Indian Institute of Technology-Bombay (IIT-B) is at the top of the India table, at the 40th spot regionally, followed by IIT-Delhi (46) and IIT-Madras (53).

The Japanese gaming giant Square Enix has shared how players can get characters for its upcoming non-fungible token (NFT) game Symbiogenesis.

Nintendo is reporting an 18% rise in its net profit for the first fiscal half, as sales were boosted by its hit Super Mario movie

Nintendo is developing a live-action film based on its hit video game “The Legend of Zelda.”

Modi said on Wednesday that the rise in patent applications in India demonstrate the rising innovative zeal of its youths and is a very positive sign for the times to come. He was reacting to a World Intellectual Property Organization report which said patent applications by residents of India grew by 31.6 per cent in 2022, extending an 11-year run of growth unmatched by any other country among the top 10 filers. China, the US, Japan, South Korea and Germany were the countries with the highest numbers of patent filings in 2022, it said. While innovators from China continue to file nearly half of all global patent applications, the country's growth rate dipped for a second consecutive year from 6.8 per cent in 2021 to 3.1 per cent in 2022, it said, while noting India's growth. Modi said on X, «The rise in patent applications in India demonstrate the rising innovative zeal of our youth and is a very positive sign for the times to come.»

In an RNS notice published today (8 November), the management said Balfour will remain on the board of the company and they expect her to return to her role as chair in the new year.

TOKYO (Reuters) -France's Renault (EPA:RENA) has cut its stake in Nissan (OTC:NSANY) to 15% from about 43% by placing 28.4% of the Japanese automaker in a French trust, the companies said in an alliance statement, putting them on equal footing.

Investing.com-- Most Asian currencies kept to a tight range on Wednesday, while the dollar maintained a recent rebound after several Federal Reserve officials warned against betting that the central bank was done with its interest rate hikes.

Investing.com-- Most Asian stocks moved in a flat-to-low range on Wednesday as recent comments from Federal Reserve officials suggested that the central bank may not be done raising interest rates. 

The Japanese banking giant Mitsubishi UFJ will join forces with one of the nation’s biggest crypto exchanges for a new stablecoin offering.

By Sam Nussey

Sensex ended 16.29 points, 0.03%, lower at 64,942.40, while the Nifty 50 closed down 5.05 points, or 0.03%, at 19,406.70. “Market has shown resilience at lower levels, despite a subdued global environment. We expect the market to gradually move upwards given a strong Indian economy and healthy earnings season," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

By Leika Kihara