Japan's economic woes continue to get worse after it was reported that the nation's third quarter contraction was actually worse than initially reported. According to Reuters, the Japanese economy declined 1.9 percent in the July-to-September period, down from the 0.5 percent figure … [Read more...]
Japan Slips into a Recession Consumers Say no to Spending
Despite heightened central banking actions, increased spending and government reforms - otherwise colloquially known as Abenomics - the nation of Japan has slipped back into a recession in the third quarter as consumers decided to put their wallets away during the July-to-September … [Read more...]
Report: Japan considering bitcoin regulation and taxation
Amid the bankruptcy filing and closure, Japanese authorities are considering adopting regulatory and taxation measures for bitcoin, according to a report from Reuters which cited a cabinet meeting scheduled for Friday. The Japanese cabinet will look at the best methods to implement … [Read more...]
Japan authorities looking at possible intervention after Mt. Gox implosion
Since the triumphant ascension of the cryptocurrency industry, its proponents have long urged the federal governments and the central banks of the world to stand back, refrain from regulations and just mind their own business. However, things might have changed after Tuesday's … [Read more...]
China and Japan Indicate Support for Europe’s Rescue Plan
The second and third largest global financial economies have recently indicated support for Europe's recently rolled out rescue plan. China and Japan, second and third largest economies respectively, have verbally indicated their support to help resolve the European financial crisis … [Read more...]
