Japan
Japanese Bank Apologizes After Employee Admits to Stealing $6.6 Million from Clients
MUFG, Japan's top bank, apologized after an employee stole over $6.6 million from safe deposit boxes; investigations are ongoing with compensation planned.
Bank of Japan Expected to Present 'Paradigm Shift' on Inflation, Rate-Hike Cycle
The Bank of Japan (BOJ) said that it was preparing for an era of steady interest rate hikes by claiming victory over deflation, according to a major review of past policy that recognized a paradigm shift over consumer behavior.
Japanese Yen Falls to Lowest Against Dollars Since 1986; Currency Markets Now on Alert
The Japanese yen has reached its lowest against the dollar since 1986, mostly due to the interest rate gap, prompting concerns over potential intervention by Japanese authorities.
Japan Enacts Legislation Mandating That Google, Apple Permit Use of Third-Party Apps
Japanese legislation penalizes digital corporations like Google and Apple that don't allow third-party applications and payment systems.