Japan is going through the worst fiscal crisis since World War II, with a public debt that exceeds GDP by 260 %.
This is clear from the statements issued this Monday by the Japanese Finance Minister, Shunichi Suzuki, who also referred to problems in the health, safety and general well-being of…
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Japan
Kishida removes the Minister of Reconstruction
Japan's Prime Minister, Fumio Kishida, announced on Tuesday the removal and dismissal of Reconstruction Minister Kenya Akiba, who has been embroiled in a financing scandal, thus becoming the fourth cabinet member to leave his post. in the…
The yen continues to slide
The exchange rate of the yen against the dollar fell this Friday to its lowest level in the last 32 years due to the prospect that the United States Federal Reserve (Fed) will continue to increase interest rates, which fuels speculation on…
Japan creates reward system with NFT
Japan recently became one of the first countries to implement the use of non-fungible tokens (NFT) to reward the work of the authorities of that country.
Mainly, authorities who have used technology to solve local problems will be…
Crypto ATMs return to Japan
Japan will now count again after four years of absence with cryptocurrency ATMs, from the hand of the company Gaia Co., Ltd.
The company announced this week that it will soon activate devices that will accept transactions with bitcoin,…
Former Prime Minister of Japan passed away
Former Japanese Prime Minister Shinzo Abe died this Friday after being attacked during a campaign rally in the town of Nara, located in the southwest of the country, sources from his party, the Liberal Democratic Party (PLD), confirmed.…
Yen reaches its lowest value in the last 24 years
The yen continues its downward path against the main currencies as a result of a growing divergence between the monetary policy of the Bank of Japan and the rest of the major central banks, which has plunged the Japanese currency to its…
Japan passes stablecoins bill
The Parliament of Japan passed a law that aims to clarify the legal status of stablecoins, now naming them as digital money.
This proposal plans to go beyond any measure previously established in any country in the world, in terms of…
Japan to strengthen regulation of cryptocurrency trading
Hirokazu Matsuno, Chief Cabinet Secretary of the Japanese government, reported during a press conference that his government is working on a bill that allows reviewing the legal regulations on currencies that allow the inclusion of…
Toyota halts production due to chip shortage
The Japanese car manufacturing company Toyota announced that from March 22 to 31 it will halt production of one of its domestic lines as a result of a shortage of chips, which could be a new blow to its manufacturing.
The decision was…
Japan’s GDP experienced growth of 1.7%
Japan's Gross Domestic Product (GDP) expanded by 1.7 % in 2021, compared to 4.5 % contraction in 2020 and a 0.2% drop in activity in 2019, according to published data by the Japanese government.
The growth of the indicator in 2021 as a…
Mitsubishi UFG bank launches progmacoin stablecoin
Mitsubishi UFJ (MUFG Bank) financial institution launched progmacoin, a blockchain-based stablecoin that is pegged to the Japanese yen. The bank entered into an alliance with Japan's SBI Group and Daiwa Securities for the purpose of instant…