The post Japan’s Kihara says that specifics of monetary policy to be left to BoJ appeared on BitcoinEthereumNews.com.
Japan’s Chief Cabinet Secretary Minoru Kihara said during the European trading session on Friday that the specifics of monetary policy to be left to the Bank of Japan (BoJ). These remarks from Japan’s Kihara appear to a message to global financial markets that the administration won’t interfere in central bank’s monetary policy operations. Market reaction No immediate reaction is seen in the Japanese Yen (JPY) following remarks from Japan’s Kihara. At press time, USD/JPY trades 0.43% lower to near 161.70 due to JPY’s outperformance. Japanese Yen FAQs The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors. One of the Bank of
The post Metaplanet and partners open joint study into Bitcoin-backed digital credit appeared on BitcoinEthereumNews.com.
Metaplanet (TYO: 3350), Japan’s largest corporate Bitcoin holder, has started a joint study with three partners into Bitcoin-backed credit instruments. The Bitcoin treasury company made this known via its X account, releasing a “Notice of Commencement of a Joint Study in the Digital Credit Domain Utilizing $BTC, $JPYC, and Security Tokens.” The study groups Metaplanet with its brokerage arm Metaplanet Securities, yen-stablecoin issuer JPYC, and digital securities platform Progmat. Progmat published its own release on the collaboration the same day. The four entities are examining how Bitcoin (BTC), the JPYC stablecoin, and security tokens could combine into a blockchain-based system for issuing and managing credit products such as corporate bonds. What would the study model do? Each asset plays a unique role in the proposed structure, with Bitcoin sitting as colla
The post Metaplanet, JPYC study Bitcoin-backed credit products appeared on BitcoinEthereumNews.com.
Metaplanet has started a joint study into Bitcoin-backed digital credit products with stablecoin issuer JPYC, tokenization company Progmat and its securities arm in Japan. Summary Metaplanet will study Bitcoin-backed credit using JPYC settlement and Progmat’s security token infrastructure in Japan. No product has launched, while issuance timing, yields, terms, and distribution methods remain undecided. Project Nova seeks to turn Metaplanet’s Bitcoin treasury into collateral for regulated digital credit products. The study will assess whether Bitcoin can support digital corporate bonds and other credit products as collateral or a credit-enhancement asset. However, the companies said they have not decided to issue any product. Metaplanet studies Bitcoin-backed digital credit According to Metaplanet’s July 10 announcement, the four companies will study product design, regulation, investor p
The post Japan’s CRYL Offers Bitcoin-Backed Loans of Up to $6.2M appeared on BitcoinEthereumNews.com.
Japanese lender CRYL has launched Bitcoin-backed loans of up to 1 billion yen ($6.2 million), allowing individuals and businesses to raise fiat currency without selling their BTC. On Thursday, the company announced that borrowers can access between 1 million yen ($6,200) and 1 billion yen ($6.2 million) at annual rates of 3.5% to 7%. The loans carry collateral ratios of 40% to 60%. They run for one year and can be used for expenses, including taxes, business funding and property purchases. The launch expands Japan’s small market for regulated crypto-backed financing. In 2020, Fintertech, a Daiwa Securities Group and Credit Saison joint venture, launched a similar service and currently lends up to $3 million against Bitcoin or Ether. However, CRYL’s service advertises a higher ceiling and a lower minimum, while limiting collateral to BTC. CRYL framed the service as adding a third opti
The post Japan’s Financial Landscape Sees a New Dawn as Four Giants Collaborate appeared on BitcoinEthereumNews.com.
A groundbreaking partnership has emerged in Japan as Metaplanet, Metaplanet Securities, JPYC, and Progmat join forces to explore innovative integration of Bitcoin, stablecoins, and security tokens into digital credit products. This collaborative venture aims to revolutionize Japan’s capital markets by offering advanced solutions in digital corporate bonds and other financial instruments. Continue Reading:Japan’s Financial Landscape Sees a New Dawn as Four Giants Collaborate Source: https://en.bitcoinhaber.net/japans-financial-landscape-sees-a-new-dawn-as-four-giants-collaborate
The post Euro slips as soft Eurozone inflation, Japan pension shift lift Yen appeared on BitcoinEthereumNews.com.
EUR/JPY trades around 184.95 on Friday at the time of writing, down 0.35% on the day, as the Japanese Yen (JPY) benefits from renewed demand following the government’s announcement of a potential shift toward greater domestic investment. At the same time, confirmed signs of easing inflation in Germany and France continue to weigh on the Euro (EUR). Final data released on Friday confirmed that inflationary pressures continue to moderate across the Eurozone. In Germany, the Harmonized Index of Consumer Prices (HICP) rose 2.4% YoY in June, down from 2.7% in May, while monthly prices declined by 0.2%. In France, the Consumer Price Index (CPI) also slowed to 2% YoY from 2.8% in May, with prices falling 0.3% on a monthly basis. These figures reinforce expectations that the European Central Bank (ECB) will leave interest rates unchanged at its July meeting as policymakers assess d
The post Metaplanet Studies Bitcoin-backed Digital Bonds in Japan appeared on BitcoinEthereumNews.com.
Japanese investment and Bitcoin treasury company Metaplanet’s securities arm, Metaplanet Securities, stablecoin issuer JPYC and tokenization infrastructure provider Progmatare are tying up on a joint study on Bitcoin-backed digital credit products in Japan. The study involves using BTC as collateral and a credit enhancement tool combined with the Japanese yen-pegged JPY Coin (JPYC) stablecoin for settlement and payments, while security tokens will be used to manage holder rights, Metaplanet said Friday. The joint study will examine whether Bitcoin can be used as collateral or credit enhancement for digital corporate bonds and other credit instruments, with 24/7 accessibility, settlement and daily interest accrual for holders, issued on the blockchain ledger. No product has been launched yet as part of the experiment. The study suggests Metaplanet is looking beyond its role as a Bitcoi
