Rakuten acquires mobile messaging service Viber for $900 million
Japan’s Rakuten Inc. announced its plan to acquire mobile and chat messaging application Viber. The deal, which will push the Japanese e-commerce company into its first foray into mobile messaging and...
View ArticleJapan finance authorities remain mum on Bitcoin troubles
International investors who are currently locked out of their funds at Mt. Gox – for a time the world’s largest Bitcoin volume exchange handler – are now looking for guidance from local authorities as...
View ArticleTokyo-based Bitcoin exchange website goes offline, Mt Gox blamed for virtual...
Mt. Gox used to be one of the world’s leading exchanges for the crypto-currency Bitcoin, but a recent debacle where the Tokyo-based bitcoin exchange company had to deny investors from withdrawing their...
View ArticleJapanese authorities to begin inquiry on sudden closure of Mt Gox bitcoin...
Japanese authorities are now investigating the sudden closure of Mt. Gox, the exchange company for the virtual currency unit bitcoin. While Japan’s Financial Services Agency have no authority over Mt....
View ArticleSony continues to lose cash, will sell its birthplace property
Tech giant Sony Corp. is planning to sell some of its properties as part of its restructuring efforts. Among those the company is planning to sell are the Tokyo properties in the Gotenyama area in...
View ArticleMt Gox opens call center to deal with frantic bitcoin customers reacting to...
A few days after Mt. Gox filed for bankruptcy with the Tokyo District Court, the troubled company has opened a call center to deal with its anxious customers who are worried about their virtual...
View ArticleJapan mulling Bitcoin tax after Mt Gox scandal
In the wake of the spectacular fall of Tokyo-based bitcoin exchange Mt. Gox, Japan is now looking for ways to tax bitcoin transactions, this according to media reports on Tuesday. Mt. Gox had recently...
View ArticleNewsweek claims to uncover Satoshi Nakamoto, mysterious creator of Bitcoin,...
As bitcoin continues to headline news the past fews weeks, Newsweek may just have discovered the identity of the person behind the bitcoin revolution that’s rocking the financial world recently. Hiding...
View ArticleJapan’s largest ever fiscal year budget passed by Upper House
In order to restore the country’s strong economy, the Upper House on Thursday passed a record 95.88 trillion yen (US$937 billion) budget for next fiscal year. This is the biggest ever approved budget...
View ArticleJapanese firms confident on tax hikes, project profit growth
A recent poll shows that big Japanese companies are upbeat about the impending sales tax increase despite the less than expected rosy outlook on the country’s financial and economic status. Some are...
View ArticleYahoo Japan to buy SoftBank subsidiary eAccess for $3B for new mobile...
Looking to launch its own mobile Internet service, Yahoo Japan Corp. is set to buy telco eAccess from wireless provider SoftBank Corp. for 324 billion yen (approx. US$3.17 billion). The move would...
View ArticleMt Gox employees feared that client funds were used to cover company expenses...
Two years before its spectacular implosion and subsequent filing for bankruptcy, employees of Mt. Gox – once one of the world’s most trusted name in Bitcoin trading – had apparently challenged CEO Mark...
View ArticleBank of Japan chief doubts Bitcoin’s future as a currency
Bank of Japan Governor Haruhiko Kuroda, head of the nation’s central bank, said on Tuesday that for Bitcoin to have a future, the scandal-plagued digital unit must prove its reliability. With the...
View ArticleJapan overhauls pension fund, Abe looking for more aggressive investments
Japan owns the world’s largest public pension fund, an amount that totals to a staggering US$1.26 trillion, which for comparison is bigger than the whole economy of Mexico. Japan Prime Minister Shinzo...
View ArticleSony to branch into real estate business
Sony is determined to bounce back. Months after the Japanese electronic company closed its PC business to curtail continued loss, the company is venturing into an unlikely sector to turn its finances...
View ArticleTokyo DisneySea gets 500 billion yen investment for expansion projects
Fans of Mickey Mouse and the rest of his gang is in for more fun experiences at the Tokyo DisneySea. The theme park’s operator, Oriental Land, has announced an expansion project that would feature new...
View ArticleTop Japanese policy adviser says raising sales tax to 10% makes sense
Motoshige Itoh, a prominent member of the Council on Economic and Fiscal Policy – Japan’s top government advisory panel – said that the government should stand by its plan to go ahead with the second...
View ArticleSony looks to rebuild focusing on entertainment, financial services
Sony, one of Japan’s electronic and multimedia giants, seems to be looking for a fresh way to return the company to profitability, as it revealed on Thursday that it will position the company’s...
View ArticleDisney’s ‘Frozen’ continues to be a phenomenon in Japan, still No. 1 at the...
One would have to be familiar with Japanese box office hits to understand how overwhelming the success of Disney’s animated global hit “Frozen” has been – and continues to be – in Japan. Last week was...
View ArticleJapanese firms begin to join the crowdfunding fever
Many business ideas looking for capital have now switched from big banking institutions to crowdfunding in hopes of turning their ideas into actual ventures. Crowdfunding derives its name from the...
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