Aug 03 (Bitcoin Magazine) - The team at BM Live discuss the recent decision by the Japanese government to cancel their experimentation with creating a central bank digital currency.
Japan cancels CBDC project
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Spring has brought a wave of newborn animals to North Safari Sapporo, a privately run zoo in Minami Ward, Sapporo City, even as the facility remains under pressure to remove illegal structures and relocate its animals.
The Sanja Festival at Asakusa Shrine in Tokyo, a signature early-summer tradition of the downtown area, reached its peak on Saturday as groups of local carried mikoshi through the streets in the main 'Rengo Togyo' procession despite the rain.
Southern Kyushu has entered the rainy season, marking the first time in 49 years that it has done so earlier than Okinawa. It is also the earliest rainy season start for any region in Japan since the Meteorological Agency began keeping records. Authorities are warning of heavy rainfall not only in Kyushu but across other parts of the country as well.
A road collapse in Yashio City, Saitama Prefecture is expected to take five to seven years to fully restore, local officials said on Friday, following the recovery of a truck cab that had remained lodged in the sewer system since the January accident.
Eighty years have passed since the end of World War II, yet the memories of its fiercest battles continue to echo in the heart of Okinawa. The district of Omoromachi in central Naha, now a lively urban hub filled with people, was once the site of one of the bloodiest clashes of the Battle of Okinawa—the Battle of Sugar Loaf Hill.
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U.S. investment fund Dalton Investments has issued a statement criticizing Fuji Media Holdings for rejecting its proposed board nominees, calling the move "regrettable" and stating it "does not appear to have been seriously considered."
Toyota Group unions have secured the highest average wage increase since 2000, with 123 manufacturing unions achieving pay hikes averaging 16,430 yen and a 5.72% increase, according to the All Toyota Labor Federation, which represents about 362,000 members across 307 unions.
A Japanese man in his 50s was sentenced to 12 years in prison by a Chinese court on May 13 under the anti-espionage law, following his December 2021 detention in Shanghai and formal arrest in June 2022 after six months of interrogation.
Nissan's plan to shut down several of its production facilities has drawn concern from Kitakyushu Mayor Kenji Takeuchi, who said at a press conference on May 15th that the move is "a matter directly linked to citizens' employment and livelihoods."
Japan’s three largest banking groups have all reported record net profits for the past fiscal year, with their combined earnings nearing 4 trillion yen.
Toshiba announced that it returned to profitability in its earnings report for the fiscal year ending March 2025, posting a net profit of 279 billion yen. Operating profit, a key indicator of core business performance, surged nearly fivefold from the previous year to 198.5 billion yen, driven in part by increased sales of hard disk drives for data centers.
Sony Group announced on May 14th that its net profit for the year ending March 2025 rose 17.6% year-on-year to a record 1.1416 trillion yen. The strong performance was driven by brisk sales in its gaming division, including the PlayStation 5, as well as continued growth in its music and film business.
Kadoya Sesame Mills and Takemoto Oil & Fat have been accused of forming a cartel over the wholesale pricing of sesame oil and related products, prompting Japan’s Fair Trade Commission to issue an elimination order against the two companies.