Japan

Japan’s economy contracted more than expected at the start of this year, breaking the longest run of growth seen for decades, in a blow to Prime Minister Shinzo Abe’s reflationary […]

Takeda Pharmaceutical Co. on Tuesday reached an agreement to buy Shire PLC, capping a monthslong battle for control of the European drugmaker and marking the largest-ever overseas acquisition by a […]

A team of Japanese researchers from multiple institutions has calculated that an area of deep-sea mud in the western North Pacific Ocean near Minami-Torishima Island, Japan, contains more than 16 […]

Japan’s financial regulator has ordered Coincheck to get its act together after hackers stole $530 million worth of digital money from its exchange, jolting the nation’s cryptocurrency market in one of the biggest cyber heists.

The theft highlights the vulnerabilities in trading an asset that global policymakers are struggling to regulate and the broader risks for Japan as it aims to leverage the fintech industry to stimulate economic growth.

Following new cryptocurrency regulations in April, Japanese police have pointed to 170 cases of money laundering via cryptocurrencies reported by exchange operators in six months between April and October.

The first such report by the National Police Agency was conducted after the law on prevention of transfer of criminal proceeds was revised in April, requiring cryptocurrency exchange operators to report transactions suspected to be involved in money laundering.

From its lows early September, the Dollar/Yen has followed risk assets and interest rates up in their rebounds. This positive momentum was further supported late October by the re-election of Shinzo Abe in Japan, famous for his Abenomics or aggressive monetary and fiscal stimulus. In this article we review the perspective for Dollar/Yen over the next few months and quarters.

Contrary to expectations, none of the yesterday’s events, including disclosure of some insights about the new tax reform, created an impulse strong enough to force the pair to make a breakout from the rectangle pattern.

Moreover, expectations of the upcoming release of information about the state of the American labour market led to formation of a minor symmetrical triangle pattern.

Japan’s Nikkei share average extended its strong rally to top a new 21-year peak on Thursday, ahead of a long weekend, with investors piling into miners and companies such as Honda Motor and Sony on robust earnings prospects.

The Nikkei ended up 0.5 per cent at 22,539.12 after reaching a high of 22,540.25, its best close since late June 1996.