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Japanese Bank Employees Vow In Blood Against Embezzlement
A bank in Japan has implemented an extraordinary policy where employees have signed a pledge in blood, promising to take their lives if found guilty of embezzling funds
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Meta Says its Llama AI Models Being Used by Banks, Tech Companies
Meta's Llama AI models are seeing a rise in use, the company headed by Mark Zuckerberg said. The mostly free-of-charge Llama models have been downloaded almost 350 million times since Meta began releasing them publicly last year.
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Japanese Watch Giant Casio Forays into NFT Space: Details
Casio has launched an NFT series with eight digital art pieces that have been created in partnership with Astar zkEVM. Banking on Japan’s gaming culture, Casio’s NFTs will be made available on Astar’s Yogi Origin game.
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Bank of Japan Initiates Discussion With 60 Firms on Pilot Programme for Digital Yen
The Bank of Japan on Thursday kicked off a series of discussions with 60 companies on a pilot programme for developing a digital yen, joining peers around the globe ramping up efforts towards issuing digital versions of their currencies for retail use. The discussions will touch on various themes including the business and technological features of...
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Japanese CBDC’s Pilot to Go Live in April, New Forum to Register Consultations from Insiders
Japan will be launching its digital currency for pilot test next month in April. Private companies will be onboarded by the BoJ to be participants in the testing of the digital JPY. The focus is to analyse and justify the fundamentals of the proof-of-concept (PoC) for this CBDC, which has been under testing in Japan since April 2021.
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Japan Asks for Crypto to Be Controlled as Traditional Banks, Calls for Global Regulation of Sector
The financial regulators of Japan have urged global regulatory bodies in finalising that the crypto sector should be treated just as traditional banks are, across the globe. As per the Japanese authorities, the crypto technology in itself is not to be blamed for risking the financial stability of crypto investors. Rather, it’s the lack of rules g...
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Bank of Japan Plans to Rope-In Other Major Lenders in Digital Yen CBDC Trials: Report
Moving forward on its CBDC plans, the Bank of Japan (BoJ) is looking to rope-in a bunch of other mega banks to test the digital yen. The three Japanese megabanks, while unnamed officially, are reportedly supposed to be Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc., and Mizuho Financial Group Inc.
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Toshiba Cuts Annual Profit Outlook After 75 Percent Plunge in Q2 Earnings
Toshiba on Friday said that it was cutting its annual operating profit outlook after the company reported dismal second-quarter profit. The Japanese firm reported a 75 percent fall in Q2 profit, and said it was impacted by a slew of factors including a slump in the hard disk drive market and an appraisal loss following a fall share prices in the co...
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First Omicron Case In US Fuels Global Alarm Over Coronavirus Variant
Fears over the impact of the Omicron variant of the coronavirus rose on Thursday after the first case was reported in the United States and the Japanese central bank warned of economic pain as countries respond with tighter containment measures.
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Coronavirus Pandemic: Honda Introduces Easy Car Finance Options For Customers
Honda Cars India has announced introducing a range of easy car finance scheme for its customers. The company says that it has been working closely with various financial institutions to offer some lucrative plans to increase affordability and support car purchase. In fact, the Japanese carmaker has partnered with Kotak Mahindra Bank for a customer-...
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Japan Backs Nearly A Third Of $6.6 Billion Loans To Nissan
The Japanese government has guaranteed almost a third of the 7l3 billion yen ($6.65 billion) in loans Nissan Motor Co has secured from its main lenders to weather the COVID-19 pandemic, according to three people with knowledge of the plans. The automaker, seeking to return to profitability and stop bleeding cash, has secured 350 billion yen from it...
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Japanese Semiconductor Company Renesas to Buy US Firm IDT for $6.7 Billion
The deal is expected to be closed in the first half of next year, following approval by IDT shareholders and the relevant regulatory authorities, Renesas said.
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US Dollar Falls To Lowest Since 2015: Who Wins, Who Loses In 10 Points
The dollar index, which tracks the greenback against a basket of six major currencies like euro, Japanese yen, and British pound, fell to 91.082 today, its lowest level since January 2015. The latest trigger for the dollar weakness is the comment from European Central Bank chief Mario Draghi, who suggested the central bank may begin tapering its ma...
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Foxconn's Takeover of Sharp Reveals Intense Pressures in Global Electronics
For years, the Japanese government, big banks and private companies have worked together to support the country's flagship electronics companies.
-
Japan Banks Ready To Invest In India's Energy Sector, Says Piyush Goyal
Power and Coal Minister Piyush Goyal today said Japanese financial institutions have evinced keen interest in investing large amount of capital in various sectors including energy space in India.
-
Japanese Bank Employees Vow In Blood Against Embezzlement
A bank in Japan has implemented an extraordinary policy where employees have signed a pledge in blood, promising to take their lives if found guilty of embezzling funds
-
Meta Says its Llama AI Models Being Used by Banks, Tech Companies
Meta's Llama AI models are seeing a rise in use, the company headed by Mark Zuckerberg said. The mostly free-of-charge Llama models have been downloaded almost 350 million times since Meta began releasing them publicly last year.
-
Japanese Watch Giant Casio Forays into NFT Space: Details
Casio has launched an NFT series with eight digital art pieces that have been created in partnership with Astar zkEVM. Banking on Japan’s gaming culture, Casio’s NFTs will be made available on Astar’s Yogi Origin game.
-
Bank of Japan Initiates Discussion With 60 Firms on Pilot Programme for Digital Yen
The Bank of Japan on Thursday kicked off a series of discussions with 60 companies on a pilot programme for developing a digital yen, joining peers around the globe ramping up efforts towards issuing digital versions of their currencies for retail use. The discussions will touch on various themes including the business and technological features of...
-
Japanese CBDC’s Pilot to Go Live in April, New Forum to Register Consultations from Insiders
Japan will be launching its digital currency for pilot test next month in April. Private companies will be onboarded by the BoJ to be participants in the testing of the digital JPY. The focus is to analyse and justify the fundamentals of the proof-of-concept (PoC) for this CBDC, which has been under testing in Japan since April 2021.
-
Japan Asks for Crypto to Be Controlled as Traditional Banks, Calls for Global Regulation of Sector
The financial regulators of Japan have urged global regulatory bodies in finalising that the crypto sector should be treated just as traditional banks are, across the globe. As per the Japanese authorities, the crypto technology in itself is not to be blamed for risking the financial stability of crypto investors. Rather, it’s the lack of rules g...
-
Bank of Japan Plans to Rope-In Other Major Lenders in Digital Yen CBDC Trials: Report
Moving forward on its CBDC plans, the Bank of Japan (BoJ) is looking to rope-in a bunch of other mega banks to test the digital yen. The three Japanese megabanks, while unnamed officially, are reportedly supposed to be Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc., and Mizuho Financial Group Inc.
-
Toshiba Cuts Annual Profit Outlook After 75 Percent Plunge in Q2 Earnings
Toshiba on Friday said that it was cutting its annual operating profit outlook after the company reported dismal second-quarter profit. The Japanese firm reported a 75 percent fall in Q2 profit, and said it was impacted by a slew of factors including a slump in the hard disk drive market and an appraisal loss following a fall share prices in the co...
-
First Omicron Case In US Fuels Global Alarm Over Coronavirus Variant
Fears over the impact of the Omicron variant of the coronavirus rose on Thursday after the first case was reported in the United States and the Japanese central bank warned of economic pain as countries respond with tighter containment measures.
-
Coronavirus Pandemic: Honda Introduces Easy Car Finance Options For Customers
Honda Cars India has announced introducing a range of easy car finance scheme for its customers. The company says that it has been working closely with various financial institutions to offer some lucrative plans to increase affordability and support car purchase. In fact, the Japanese carmaker has partnered with Kotak Mahindra Bank for a customer-...
-
Japan Backs Nearly A Third Of $6.6 Billion Loans To Nissan
The Japanese government has guaranteed almost a third of the 7l3 billion yen ($6.65 billion) in loans Nissan Motor Co has secured from its main lenders to weather the COVID-19 pandemic, according to three people with knowledge of the plans. The automaker, seeking to return to profitability and stop bleeding cash, has secured 350 billion yen from it...
-
Japanese Semiconductor Company Renesas to Buy US Firm IDT for $6.7 Billion
The deal is expected to be closed in the first half of next year, following approval by IDT shareholders and the relevant regulatory authorities, Renesas said.
-
US Dollar Falls To Lowest Since 2015: Who Wins, Who Loses In 10 Points
The dollar index, which tracks the greenback against a basket of six major currencies like euro, Japanese yen, and British pound, fell to 91.082 today, its lowest level since January 2015. The latest trigger for the dollar weakness is the comment from European Central Bank chief Mario Draghi, who suggested the central bank may begin tapering its ma...
-
Foxconn's Takeover of Sharp Reveals Intense Pressures in Global Electronics
For years, the Japanese government, big banks and private companies have worked together to support the country's flagship electronics companies.
-
Japan Banks Ready To Invest In India's Energy Sector, Says Piyush Goyal
Power and Coal Minister Piyush Goyal today said Japanese financial institutions have evinced keen interest in investing large amount of capital in various sectors including energy space in India.
