Shinichi Uchida News

12.08 / 09:53

markets economy Remark Trade Bitcoin reports Interviews Former BoJ Exec Rules out Another Rate Hike This Year, Bitcoin Dips Below $59K

Former Bank of Japan (BoJ) executive Makoto Sakurai has indicated that another interest rate hike is unlikely this year, following Japan’s recent increase which caused Bitcoin to crash.

09.08 / 17:10

markets UPS security economy Research show Japan’s central bank chief dogged by painful history of premature moves

TOKYO—The Bank of Japan’s policy board was moving to raise rates above zero when its youngest member spoke up in dissent. He was nervous about whether the stock market might take a dive and commented, “The cost of waiting is not all that high." Kazuo Ueda was outvoted 7-2 on that day in August 2000, but the prescient call made his reputation. Soon the dot-com bubble burst and the central bank had to ease policy again.

08.08 / 02:26

markets UPS Assurant Nikkei Trade President D-Street indices rise over 1% on global rebound after BOJ’s dovish talk

global equity markets saw a relief rally following the Bank of Japan's assurance that it will not increase interest rates when the markets are unstable. NSE's Nifty rose 304.95 points, or 1.27%, to close at 24,297, whereas BSE's Sensex rose 874.94 points, or 1.11%, to end at 79,468.

07.08 / 21:10

markets UPS Bitcoin news Strategy trends Bitcoin Is a Bitcoin Boom Imminent Thanks to Japan’s Low Rates? Here’s What’s Next

In the face of economic uncertainty and Japan’s sustained low-interest rate environment, Bitcoin is drawing increased attention from investors seeking higher returns.

16.02 / 07:59

markets security Nikkei testing Japanese stocks see biggest weekly foreign inflow in four weeks

(Reuters) — Foreign investors increased their purchases of Japanese stocks last week as easing concerns over the Bank of Japan's (BOJ) potential policy shift buoyed market sentiment. According to data from Japanese exchanges, foreigners accumulated a net 817.43 billion yen ($5.44 billion) of local stocks in the week to Feb. 9, marking their most substantial weekly net purchase since Jan. 12.

15.02 / 12:21

markets UPS economy Research show reports Japan in recession, no longer world’s third-largest economy

Japan’s economy unexpectedly slipped into recession after shrinking for a second quarter due to anemic domestic demand, prompting some central bank watchers to push back bets on when the nation’s negative interest rate policy will end.

09.02 / 15:46

markets UPS Remark Nikkei Trade reports Stock market today: Tokyo hits 30-year high, with many Asian markets shut for Lunar New Year holiday

Asian shares are mostly higher as Tokyo's benchmark momentarily touched a 34-year high, while many regional markets were closed for the Lunar New Year holiday

17.02 / 21:37

Provident Digital Remark Bank of Japan to launch its CBDC pilot in April, following…

In his opening remarks at the Fifth Meeting of the Liaison and Coordination Committee on Central Bank Digital Currency on 17 February, the Bank of Japan’s (BOJ) executive director, Shinichi Uchida, revealed that the CBDC pilot project will commence on April 2023. The pilot will start once the Proof of Concept (PoC) Phase 1 and 2 are concluded.

17.02 / 13:03

CBDC Adoption regulation Bank of Japan The Bank of Japan to launch its CBDC pilot before May

Japan, a nation where foreign stablecoins like USDT are prohibited, plans to begin its central bank digital currency (CBDC) pilot in April 2023. It will aim to include private businesses and test an ecosystem.

14.04 / 07:05

Blockchain regulation Interest rates BoJ official says digital yen won’t be used to achieve negative interest rate

The Bank of Japan (BoJ) has said that its Central Bank Digital Currency (CBDC), the digital yen, will not be used to help attain negative interest rates.

14.04 / 06:45

CBDC Bank of Japan Yen BOJ won't introduce digital yen as means for negative rates

Bank of Japan (BOJ) will not introduce a digital yen as a means to achieve negative interest rates, an idea sometimes discussed in academic circles, a senior central bank official said on Wednesday. In upcoming experiments on issuing a central bank digital currency (CBDC), the BOJ will explore features such as setting a limit on the amount of transactions and holdings for each entity, BOJ Executive Director Shinichi Uchida said in a speech.

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