20th March 2019
AP — Tsunekazu Takeda is stepping down as the president of the Japanese Olympic Committee amid a vote-buying scandal that French investigators suspect helped Tokyo land next year’s Olympics. Takeda announced Tuesday at the committee’s executive board meeting that he will resign when his term ends in June, and… Read More
27th December 2018
Fresh misconduct allegations brought by Tokyo prosecutors against ousted Nissan (7201.T) Chairman Carlos Ghosn centre on the use of company funds to pay a Saudi businessman who is believed to have helped him out of financial difficulties, two company sources with knowledge of the matter said. Prosecutors arrested Ghosn for… Read More
11th December 2018
A Rio de Janeiro apartment containing cash, art works and personal belongings of Carlos Ghosn has become the latest battleground between the indicted former Nissan Motor Co Ltd (7201.T) chairman and the automaker. Ghosn is seeking to retrieve “personal belongings, documents, cash, objects and art pieces” from the beachfront apartment,… Read More
20th November 2018
AP – Nissan Chairman Carlos Ghosn, who became one of the auto industry’s most powerful executives by engineering a turnaround at the Japanese manufacturer, was arrested Monday and will be fired for allegedly underreporting his income and misusing company funds, the automaker said. The scandal reverberated… Read More
16th November 2018
AP — Japan’s minister in charge of cybersecurity is in the spotlight for acknowledging he has never used a computer and making comments showing he has no idea what a USB port might be. Ruling party lawmaker Yoshitaka Sakurada, also in charge of the 2020 Tokyo Olympics, was replying… Read More
9th November 2018
The Bank of England’s Prudential Regulation Authority (PRA) has fined two banking executives £22,700 and £14,945 after they failed to declare that one of them might be banned from banking activities in the United States. In November 2014, the New York Department of Financial Services (DFS) published a consent… Read More
25th October 2018
AP – Japan’s Financial Services Agency (FSA) on Wednesday gave the cryptocurrency industry self-regulatory status, permitting the Japan Virtual Currency Exchange Association to police and sanction exchanges for any violations. The government has been reviewing its approach toward an industry that has been hit twice by large-scale thefts. The FSA… Read More
21st September 2018
Japanese cryptocurrency firm Tech Bureau Corp said about $60 million (£45.6 million in digital currencies were stolen from its exchange, highlighting the industry’s vulnerability despite recent efforts by authorities to make it more secure. Tech Bureau, which had already been slapped with two business improvement orders by regulators this year,… Read More
18th July 2018
The European Union reached a deal on Tuesday allowing businesses to seamlessly transfer personal data between the bloc and Japan, deepening economic links as the two sides also agree a free-trade pact. The EU and Japan concluded several years of data talks in Tokyo in the margins of a bilateral… Read More
25th June 2018
Japan’s financial regulator has told the country’s banks to report any suspicious money transfers involving 10 Japan-North Korea joint ventures, two people with direct knowledge of the matter said on Friday. A government official and a manager at a major Japanese bank said the Financial Services Agency (FSA) on Monday… Read More