November 26, 2024

Tag: Japan

Four Japanese banks participate in digital currency project #JapanFinance
Japan Finance

Four Japanese banks participate in digital currency project #JapanFinance

CashNews.co Four Japanese banks are among over 40 commercial financial institutions participating in an international demonstration test for cross-border payments using digital currencies led by the Bank for International Settlements. Project Agora, as the international public-private project is called, is aimed at expediting international money transfers, cutting costs and enhancing transparency. In April, the BIS […]

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Beware the return of the yen carry trade #JapanFinance
Japan Finance

Beware the return of the yen carry trade #JapanFinance

CashNews.co Satyajit Das, a former banker, is the author of “Traders, Guns & Money,” “Extreme Money” and “A Banquet of Consequences: Reloaded” The yen carry trade involves borrowing yen at Japan’s ultralow interest rates to invest in higher-yielding foreign assets. The recent unwinding of these trades, estimates of which range from $4 trillion to $20 […]

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Bitcoin jumps while Japan holiday dulls most currencies #JapanFinance
Japan Finance

Bitcoin jumps while Japan holiday dulls most currencies #JapanFinance

CashNews.co SINGAPORE (Reuters) – Bitcoin was the notable mover as it reached for one-month highs on Monday, sustaining its rally after the Federal Reserve’s super-sized rate cut last week, while the yen and most other major currencies stagnated with Japanese markets on holiday. The dollar strengthened against the yen last week after policy meetings in […]

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Japan’s Currency Watchdog Is Vigilant As Yen Carry Trades Threaten Volatility #JapanFinance
Japan Finance

Japan’s Currency Watchdog Is Vigilant As Yen Carry Trades Threaten Volatility #JapanFinance

CashNews.co What’s going on here? Japan’s top currency diplomat, Atsushi Mimura, has announced that financial authorities are vigilantly monitoring markets to prevent instability due to potential renewed yen carry trades. What does this mean? Yen carry trades involve borrowing yen at low costs to invest in higher-yielding currencies and assets. These trades contributed to the […]

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