logo
Japan to greenlight first yen-based stablecoin

Japan to greenlight first yen-based stablecoin

Nikkei Asia18 hours ago
Japan's Financial Services Agency will allow JPYC to issued a cryptocurrency fully backed by the yen. (Nikkei photo composite)
TAKANOBU AIMATSU and RYUTA MINAMIHATA
August 18, 2025 00:30 JST
TOKYO -- The Financial Services Agency will approve the issuance of Japan's first yen-denominated stablecoin as early as autumn, with the aim of using it for international remittances and more, Nikkei has learned.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Japan's Ishiba doubles down on 'JANZUS' ambition
Japan's Ishiba doubles down on 'JANZUS' ambition

Nikkei Asia

time26 minutes ago

  • Nikkei Asia

Japan's Ishiba doubles down on 'JANZUS' ambition

Melanie Brock, CEO of Melanie Brock Advisory, far left, speaks during a session at the Nikkei Forum Melbourne 2025 in Melbourne on Aug. 18. (Photo by Suzu Takahashi) Nikkei staff writers August 18, 2025 17:40 JST MELBOURNE -- Japan's Prime Minister Shigeru Ishiba has reiterated his call for the country to join the three-way treaty between Australia, New Zealand and the United States, as China pushes to increase its influence and raise its security profile in the region.

Japan's Nikkei, TOPIX Stock Indexes Hit New Highs

time2 hours ago

Japan's Nikkei, TOPIX Stock Indexes Hit New Highs

News from Japan Economy Aug 18, 2025 16:27 (JST) Tokyo, Aug. 18 (Jiji Press)--Japan's Nikkei 225 and broader TOPIX stock indexes closed at fresh all-time highs in Tokyo trading on Monday as a wide range of issues attracted buying amid a global stock market rally. The Nikkei gained 336.00 points, or 0.77 pct, to 43,714.31, while the TOPIX index rose 13.28 points, or 0.43 pct, to 3,120.96. "Investors expect corporate earnings to improve in the fiscal year ending in March 2027," an official at a major securities company said of the recent bullish run. Still, an official at a midsize securities company said, "It is too early to factor in outlooks for the next fiscal year." This means that the recent rally in Japanese stock prices cannot be justified easily, the official said. An official at a domestic securities firm said that the rally has been led by short-term overseas funds and "won't last long." [Copyright The Jiji Press, Ltd.] Jiji Press

Japan's Nikkei Stock Average Hits Record High as Automakers Rise on Weaker Yen
Japan's Nikkei Stock Average Hits Record High as Automakers Rise on Weaker Yen

Yomiuri Shimbun

time6 hours ago

  • Yomiuri Shimbun

Japan's Nikkei Stock Average Hits Record High as Automakers Rise on Weaker Yen

TOKYO, Aug 18 (Reuters) – Japan's Nikkei share average extended their gains from last week to hit a record high on Monday, tracking the Dow Jones's higher finish last week, as a weaker yen boosted automakers' stocks. The Nikkei .N225 rose 0.7% to 43,683.56 as of 0137 GMT. The broader Topix .TOPX also scaled a record peak, gaining 0.58% to 3,125.6. Japanese shares rallied this month on renewed optimism over the domestic corporate outlook as the impact of U.S. tariffs became clearer. 'Domestic equities kept the momentum from last week. There was an expectation that foreign investors would continue buying Japanese stocks,' said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Intelligence Laboratory. Fast Retailing 1.2% to lend the biggest boost to the Nikkei. Automakers rose, with Toyota Motor 7203.T and Honda Motor 7267.T rising 1.58% and 1.22%, respectively, as the yen JPY=EBS lost 0.2% against the U.S. dollar on Monday. A weaker Japanese currency tends to boost exporters' shares as it increases the value of overseas profits in yen terms when repatriated to Japan. Meanwhile, Japanese shares were also underpinned by the Dow Jones .DJI hitting an intraday record high on Friday, as UnitedHealth's shares jumped after Berkshire Hathaway raised its stake. .N Back in Tokyo, banks fell, sending the banking index .IBNKS.T 1.45% lower and making it the biggest loser among the Tokyo Stock Exchange's industry sub-indexes.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store