Security of cryptocurrency exchanges to be bolstered in Japan

Japan’s financial regulator is pushing to improve internal security in the country’s cryptocurrency exchanges. On Tuesday, in a development that marks Japan’s intent to increase its oversight of cryptocurrencies, Japan’s financial regulator stated, cryptocurrency exchanges will now require to strengthen internal oversight of “cold wallets” used to store digital money, said a source with direct…

Japan’s telecom regulator allocates 5G spectrum for telecos

4 Japanese carriers, including NTT Docomo, KDDI and SoftBank Corp, and Rakuten Inc, have been allocated 5G spectrum. They will be investing a total of around $15.29 billion, a conservative figure, spread across 5 years to build their 5G networks. In a significant development that marks the a milestone in the impending launch of high-speed…

Honda Motor & truckmaker Hino Motors join SoftBank Group’s and Toyota Motor’s joint venture

The development underscores a growing trend of consolidation among communications, automakers and technology companies as they grapple with the massive investment and software expertise required to develop new services for which demand has yet to be tested. On Thursday, Japan’s Honda Motor Co and truckmaker Hino Motors Ltd stated they join a joint venture of…

Streamlining decision-making, focus of Renault-Nissan alliance: Jean-Dominique Senard

Japan’s Nissan and France’s Renault have agreed to strategically retool the alliance so as to put themselves on a more equal footing. In an interview to Le Figaro, Renault’s chairman Jean-Dominique Senard drew attention to the fact that Renault and Nissan must streamline decision-making; he also mentioned that boosting the companies’ cross-shareholding is not currently…

Japanese carmaker Subaru to recall 2.3 million vehicles globally

The comparatively tiny Japanese automaker is facing a series of quality assurance related issues over rapid expansion in the U.S. In a significant development, Japan’s Subaru Corp stated it plans on recalling nearly 2.3 million vehicles globally over an issue with brake lights. This will be the automaker’s biggest-ever recall as it struggles with a…

Sony announces 1st ever share buyback worth $910 million

The move is clearly aimed at boosting shareholder returns. On Friday, Sony Corp announced its first-ever major share buyback worth $910 million (100 billion yen). With the news reaching the market, its stock recovered from a hammering from investors who were spooked over its lackluster earnings. Sony’s announcement marked Japan’s second major buyback this week:…