Japan Financial News

British Airways (BA), the national carrier of the UK is one of the largest airlines in the world. Sean Doyle who has been with BA for 20 years took over as CEO in Oct-2020. In this interview with Arindam Majumder, Doyle speaks on the recovery from pandemic and its growth plans in India.

Held on: Friday, June 30, 2023 Stadium: New Jersey Red Bull Arena Kick-off time: 8:30 pm ET Where to Watch: In the US, th

United Nations as one of its top transnational priorities and supported India's bid for permanent membership of the powerful Security Council. India has been at the forefront of the years-long efforts to reform the UN Security Council (UNSC), saying it rightly deserved a place as a permanent member of the United Nations. Currently, the UNSC has five permanent members — China, France, Russia, the UK and the US.

Japan is understood to have formally requested that the Albanese government exclude Santos’ $5.8 billion Barossa gas project in the Timor Sea from Labor’s new emissions policy, fuelled by concerns about the risks it poses to supplies of gas critical to national security.

Deloitte Touche Tohmatsu India has appointed Manoj Kohli as Senior Advisor to the organisation. In his new role as Kohli will leverage his expertise in technology, telecommunications, renewables and digital sectors. His industry experience and strategic expertise is expected to help strengthen Deloitte’s presence in South Asia.

By Rae Wee and Alun John

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The NFT market is continually evolving — and there’s one intriguing trend that’s enhancing their utility even further: tying digital assets to real-world items.

Sony continues to make its mark in the emerging technologies space with its recent announcement of a new investment in building a global infrastructure to support Web3. 

Inspired by a 2021 Elon Musk tweet, new cryptocurrency L The Memecoin (L) had an explosive initial exchange offering on Uniswap today, with the $L price pumping over 7,500% before a correction.

On June 26, Japan's financial regulator, the Financial Services Authority (FSA), announced a partnership with the Monetary Authority of Singapore (MAS) for the joint regulation and pilot testing of cryptocurrency projects in accordance with the latter's "Project Guardian" initiative. The participation will be limited to observer capacity for the FSA in its current phase. Regulators wrote: 

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

Japanese token issuers have been exempted from corporate taxes on unrealized cryptocurrency gains.

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The price of Bitcoin has experienced a remarkable surge, skyrocketing by 15% in recent days. 

Token issuers in Japan no longer have to pay corporate taxes on unrealized cryptocurrency gains, according to a law revision by the National Tax Agency on June 20. 

As US regulators sued three major crypto exchanges this year, billions of dollars of trading volumes have migrated to Asia. That shift could be poised to accelerate as market makers and exchanges move resources to a region where several jurisdictions have introduced regulatory frameworks and are vying for digital-asset traders. Investors and marketplaces are flocking to Singapore, Japan and South Korea — and more recently to Hong Kong, which this month introduced a new regulatory regime for crypto. Bitcoin trading activity in predominantly Asian hours have risen this year even as they slumped in US and European hours, data compiled by CryptoQuant show. The token accounts for almost half of crypto’s total market value. The resilience in Asian crypto volumes is underpinned by institutional investors who perceive the regulatory environment there as less risky, according to several market participants interviewed by Bloomberg. “With so much regulatory uncertainty in the US, Asia has become an increasingly important hub for digital-asset activity,” said Jonny Caldwell, who focuses on alternative investments including cryptocurrencies as co-head of asset management at Trovio Group. “We are observing a major shift to Asian-based exchanges and venues in the last few months.”

The Japanese Ministry of Education, Culture, Sports, Science and Technology plans to allow schools from elementary to high school level limited usage of generative artificial intelligence (AI) in classrooms. 

A Russian citizen has been arrested for allegedly sending crypto to Ukraine’s armed forces – and will be tried on treason charges.

A government study conducted by the Research Office at Hong Kong’s Legislative Council has suggested that the city should take cues from countries like Japan and Singapore in its efforts to develop and embrace Web3 technologies and crypto.

Crypto exchange Gemini has announced plans to expand into the Asia-Pacific (APAC) region to capture the “next wave of growth for crypto.”