Japan Financial News

The plaintiffs allege that the bank misrepresented the products when it sold the securities.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.8% to a one-month low. Japan's Nikkei fell 0.6%. [.T] Overnight, surprisingly strong partial figures on the U.S.

Search giant Google is celebrating the Japanese festival Tanabata with a special doodle. Tanabata is celebrated on the seventh day of the seventh lunar month every year. However, the star festival is also celebrated on August 7 in some places in Japan based on the older Chinese calendar.  Tanabata is based on the ancient Chinese legend of two star-crossed lovers, Zhinü (Orihime) and Niulang (Hikoboshi), who were only allowed to meet once a year.

labour market data spurred the threat of inflationary pressures, leaving room for more rate hike by the Fed. Earlier, the minutes of the Federal Reserve’s June meeting also showed that most central bank officials would support more interest rate increases ahead. In Asia, Japanese household spending fell 4.0% in May from a year earlier, a third month of decline, government data showed, Reuters reported.

Apple, which has added nearly $942 billion or 46% to its market capitalisation so far this year, is currently valued at over $3 trillion. Only 6 countries – US, China, Japan, Germany, UK and India — have a gross domestic product (GDP) bigger than Apple’s total market value.

Threads, a text-based app built by Meta to rival Twitter, is live. The app, billed as the text version of Meta's photo-sharing platform Instagram, became available Wednesday night to users in more than 100 countries — including the U.S., Britain, Australia, Canada and Japan. Despite some early glitches, 30 million people had signed up before noon on Thursday, Meta CEO Mark Zuckerberg said on Threads.

Pharmaceutical company Roivant Sciences Ltd (NASDAQ:ROIV) has garnered interest from major pharmaceutical companies for its treatment of inflammatory bowel disease, estimated to be valued at over $7 billion, as reported by Bloomberg, which cited sources familiar with the matter.

real estate sector tumbled 4.2%. Britain’s FTSE 100 fell 2.2% at 7,280.50. Germany’s DAX dropped 2.6% at 15,528.54. France’s CAC 40 tanked 3.1% at 7,082.29.  In Asia, stock markets fell on Thursday, led by Hong Kong shares. Hong Kong’s Hang Seng index slumped 3% at 18,533.05. China’s Shanghai Composite lost 0.5% at 3,205.57.

Blue Lock have been awaiting the release of chapter 224 for sometime, and the wait is almost over. The manga will resume its serialization with the upcoming chapter. It will be released on Tuesday (July 11) for most international fans while in Japan, the viewers will be able to read the new chapter on Wednesday, July 12, 2023, at 12:00 midnight JST. Titled «An Easy Job,» chapter 224 is expected to continue the intense action and gripping storyline. In the previous chapter, the readers witnessed Ubers' new tactical design, which pushed Noel, Isagi and Kaiser to their limits as they defended the goal. Following the intense encounter, Noel shared valuable advice with Isagi, leading him to develop a new winning formula for Bastard Munchen, which involved Raichi Jingo.

A pair of researchers from the University of Tsukuba in Japan recently built an AI-powered cryptocurrency portfolio management system that utilizes on-chain data for training, the first of its kind according to the scientists. 

Nato summit to be held in Lithuania’s capital Vilnius as South Korea, Japan, Australia, and New Zealand are planning to meet on the sidelines of the summit to discuss how to respond to Beijing’s aggressive attempts to change the status quo in the South and East China Seas. All eyes are set on the July 11-12 summit as for the first time all leaders of Nato's four Asia-Pacific partners—Japan, South Korea, Australia and New Zealand—will be attending. The four, collectively known as AP4, are currently tagged as ‘partners across the globe’ by Nato. The North Atlantic alliance will “formulate an individually tailored partnership programme (ITPP) with all four countries in order to upgrade its partnership with them to a higher level,” according to Tokyo-based Nikkei Asia. To support its move for South and East China Seas, Beijing is reportedly engaged in power projection, military build-up and hybrid and cyber operations. To counter China’s aggression in the region, Nato wants to strengthen its engagement with its Asia-Pacific partners step by step. After the ITPPs are finalised, Nato will open a liaison office in Japan in 2024. Nato will use the liaison office as a hub for cooperation with South Korea, Japan, Australia and New Zealand. China, which is closely watching Nato’s activity in the Indo-Pacific region, recently warned that South Korea will not gain anything by participating in a summit that shows hostility towards Beijing.

currency markets and financing balance of payments. It can also be used as a reserve currency or as capital assets by private players. The process is closely interlinked with the size of an economy and the scale of trade.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

The firm behind USDC stablecoin, Circle, is looking to launch a stablecoin in Japan under new regulations that came into effect last month. 

Japan’s fears about Australia’s “quiet quitting” of the LNG export business hold true while domestic gas users will also suffer, say energy consultants and lawyers, citing the mounting obstacles the Albanese government has put in the way of new gas projects.

The Odey Special Situations fund is the second suspended fund to reopen.

The regulator's consultation on ESG data and ratings providers, published on Wednesday (5 July) will close on 5 October 2023.

Despite a significant downturn in the virtual world market and a drastic drop in metaverse land prices, the metaverse industry has attracted substantial investment in 2023. According to a recent report by DappRadar, venture capital funds have invested $707 million into metaverse projects this year.

The brand will open at Phoenix Marketcity, Kurla, Uniqlo and plans to open more stores outside North India. All it’s 10 store is in North India and the company is looking to set up a significant manufacturing presence in India through about 20 'production partners. “October will also mark the anniversary of our four-year journey in India, and this new milestone highlights our strong ongoing commitment to India. Until now, our customers in Mumbai have been using our e-commerce channel to shop for their LifeWear essentials, and we now look forward to welcoming them in person to our first Mumbai store,” said Tomohiko Sei, Chief Executive Officer, Uniqlo India. Uniqlo, Phoenix Marketcity Kurla, will be the 11th brick-and-mortar Uniqlo store in India. Uniqlo has more than 2,400 stores across the world.

economic growth and create an enormous burden of care. Yet when officials in Beijing mull solutions, one seems largely absent from the discussion: immigration. China has astonishingly few foreign-born residents.