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Japan's Financial Services Agency will approve the country's first yen-backed stablecoin this fall, potentially boosting ...
By Leika Kihara TOKYO (Reuters) -Japanese startup JPYC said it will issue the first stablecoin pegged to the yen later in the ...
JPYC becomes Japan’s first yen pegged coin which will be backed by Japanese government bonds and through domestic savings.
Japan’s FSA is preparing to greenlight the first yen-pegged stablecoin in Q4. JPYC, a Tokyo-based fintech, will issue the ...
Japan is set to launch its first yen-backed stablecoin this fall, led by fintech firm JPYC to support payments and digital ...
Japan's Nikkei share average extended their gains from last week to hit a record high on Monday, tracking the Dow Jones's ...
Tokyo spent 9.8 trillion yen ($61 billion) intervening in the foreign exchange market in end-April and early May, after the Japanese currency hit a 34-year low of 160.245 per dollar on April 29.
While the suspected intervention has kept the yen from falling below the psychologically important 160-to-the-dollar line, the Japanese currency has yet to stage a clear rebound. It stood at 156. ...
In US currency terms, the Nikkei 225 Stock Average’s gains this year are around 4%, far short of the S&P 500’s 15% increase. “Investors are increasingly worried about how the weak yen is ...
The Japanese yen is hovering near three-month lows against the U.S. dollar, after hitting 153.18 late Wednesday. In the past, weakness in the Japanese currency has been attributed to the ...
All alternatives have drawbacks that limit their global role. What follows is the story of one such major currency—the Japanese yen—and why it failed to take the dollar’s throne.
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