Japan Financial News

After having dropped as much as 20% on the day, the Shiba Inu (SHIB) price has somehow managed to recover into the green despite the broader crypto crash, but nervous Shiba holders nonetheless continue to shift funds to a new ICO as they set their sights on 1,100% returns.

The meme coin crash has left top meme coins ranking as crypto’s biggest losers, but is crypto dead, and why is crypto down?

In a crash that traders are referring to as “Crypto Black Monday”, a global stock market rout has sent the price of major cryptocurrencies careening lower, with the Bitcoin (BTC) price at one point dropping below $50,000 for the first time in February.

The red numbers in your 401(k) today might appear to vindicate warnings about an artificial-intelligence bubble and infirm economy. But don’t start tilting your portfolio toward full pessimism just yet. The S&P 500 opened down about 4% Monday, with the Nasdaq falling a larger 6%.

Travel expert Lee Abbamonte joins ‘The Big Money Show’ to discuss Americans traveling to other countries where the dollar carries more weight.

Mint looks at the reasons behind the global ‘stockocalypse’: Global markets were in a sea of red, led by Japan, where the benchmark Nikkei tumbled 12.40%, marking its largest one-day fall since ‘Black Monday’ in October 1987. The broader Topix index crashed 12.48%. Such was the intensity of the selloff that circuit breakers temporarily halted trading of futures for the Topix as well as the Nikkei 225.

Japan's Nikkei 225 index nosedived on Monday (5 August) by as almost 13%, having dropped 5.9% before the weekend in its biggest two-day slump on record, according to data from MarketWatch. The fall comes amid concerns over a US recession after traders reacted to lower-than-expected employment figures from the world's largest economy on Friday (2 August), which collided with worries from investors and analysts that the US Federal Reserve may have delayed beginning its rate cutting regime for too long.  Market Movers Blog: Concerns over US recession lead to global stock slump Elsewhe...

Mutual Funds (MFs) in companies listed on NSE rose to yet another all-time high of 9.17% QoQ as on June 30, 2024, from 8.93%, powered by strong net inflows of Rs 1.09 lakh crore during the quarter, according to data compiled by primeinfobase. The share of Domestic Institutional Investors (DIIs) also increased to 16.23% from 16.07% during the quarter. Meanwhile, with Foreign Institutional Investors (FIIs) pulling out Rs 7,693 crore from the market during the quarter, their share declined to a 12-year low of 17.38%, down by 34 bps.

SoftBank Group Corp. has cut $2.6 billion off the fortune of its founder Masayoshi Son, as the tech investor is buffeted by the Bank of Japan’s earlier-than-expected interest-rate hike. Shares were down 8% Friday in Tokyo. Over two days, the technology conglomerate is down roughly 14%. Even after the recent plunge, Son is up about $2.7 billion from the $11.3 billion he began the year with, according to the Bloomberg Billionaires Index.

Bitcoin’s price has continued to dip dramatically on Monday morning as it fell below $50,000, registering a staggering 20% decrease in the last 24 hours on the heels of global markets meltdown.

The Tokyo stock market witnessed a sharp plunge on Monday, with the Topix and Nikkei 225 Stock Average sliding by 12%, casting a shadow of uncertainty over global financial markets.

Vitalik Buterin, in the early Asia hours on Monday, has sold all 17.145 billion Neiro tokens that he received from the Neiro team. The tokens represent 4.08% of the total supply and Buterin was the largest holder of the memecoin, according to the team.

We believe there might be both time and price-wise correction in the days to come. As we have previously seen, DIIs are buying at every dip in the market, so the downside may be limited, said Dr Ravi Singh, Senior Vice President, Retail Research at Religare Broking. This analyst spells-out strategy in previous week’s major movers viz. Zomato, Adani Energy Solutions, Adani Wilmar and three more stocks. Here’s what he recommends: Edited excerpts:

The Topix and Nikkei 225 Stock Average fell about 5%, with the former set for a three-day decline that would be the worst since the 2011 Fukushima nuclear meltdown and put them near bear markets. A circuit breaker halted trading of Topix futures for about 10 minutes.

equity markets around the world is clouding the outlook for investors looking to buy stocks on the cheap, as worries over the U.S. economy and disappointing tech earnings threaten more losses ahead. A two-day rout late last week left the S&P 500 nearly 6% from its July peak while the tech-heavy Nasdaq Composite extended losses to notch its first 10% correction from a record high since early 2022. Equities plunged in Europe and Asia as well, with Japan's Nikkei index losing nearly 5% for the week.

report this week, the elderly are squirrelling away money, motivated by ever-longer retirements, the risk that they will need to pay for old-age care, the inevitable uncertainty about how long they will survive and the desire to pass on assets to their children. Whereas in the mid-1990s Americans aged between 65 and 74 spent 10% more than their income, the same age group has been a net saver, in aggregate, since 2015. A similar picture is found across the rich world, from Canada to Japan.

Jamsetji Tata, the founder of the Tata Group, made a strategic choice in the 1890s to shut down the Tata Shipping Line, demonstrating his willingness to exit from unviable ventures. This tough decision was driven by his effort to break the monopoly of the English P.&O. shipping line that dominated exports from India during the 1880s and 1890s, charging high freight rates and favoring British and Jewish firms. Jamsetji Tata's textile business suffered due to P.&O.'s exorbitant freight rates and discriminatory practices. Determined to challenge this, he traveled to Japan to collaborate with Nippon Yusen Kaisha (NYK), the largest shipping line in Japan. NYK agreed to partner with Jamsetji, provided he took equal risks and managed the ships himself. To launch the 'Tata Line,' he chartered an English ship named 'Annie Barrow' at a fixed rate of 1,050 pounds per month, marking the first venture bearing the Tata name. Believing the Tata Line would lower freight rates for the entire Indian textile industry, Jamsetji set the rates at Rs 12 per tonne, compared to P.&O.'s Rs 19 per tonne. Soon after, he chartered a second ship, 'Lindisfarne.' His efforts received praise, with The Tribune newspaper commenting in October 1894 that it had «been the subject of general praise in the industrial centre of India.»

South China Sea and aiming to counter Beijing's continuing violations of international treaty obligations, countries in the region are galvanising their defences. Two warships from the Philippines and Japan each, for the first time ever, conducted a joint exercise in the contested waters. This exercise followed a bilateral defence treaty, termed the Reciprocal Access Agreement (RAA), signed between Manila and Tokyo to facilitate joint exercises for closer security cooperation, amid China's growing assertion in the regional resource-rich waters.

Draft rules for the legalisation of casinos, which include an initial 30-year casino license with a 10-year renewal option, have been published for public feedback until August 18. The casinos will be part of large entertainment complexes featuring hotels, convention centers, and amusement parks, among other amenities. Thailand would thus join the ranks of the United Arab Emirates and Japan in vying for a share of the global casino industry, estimated to have generated $263 billion in revenue last year. Major players like Galaxy Entertainment Group Ltd. and MGM Resorts International have shown interest in opening casino resorts in Thailand, considering it a strategic move against the uncertain prospects in Macau. Las Vegas Sands Corp. expressed interest in entering the Thai market, stating last month it would consider expanding to Thailand if the opportunity arises.

interest rates this week as a long-awaited, but potentially short-lived, divergence in monetary policies deepens. The Bank of Japan kicked off the action on Wednesday by unexpectedly hiking before the Federal Reserve decided to stay on hold while signaling a potential cut in September. On Thursday, the Bank of England lowered borrowing costs for the first time since the start of the pandemic. Data out Friday showed US hiring slowed markedly in July and the unemployment rate rose to an almost three-year high, raising recession concerns and putting the Fed solidly on a path to cutting interest rates in September. It also spurred a deep selloff in the stock market.

Ur, possibly the oldest board game in the world, discovered in a 4,400-year-old royal tomb in Mesopotamia in the 1930s. Mukherjee has a replica he got from the British Museum in London. “It’s a fairly simple two-person game but the rules were discovered much later," he says.