Article: Japan analysts says US Treasury unconcerned over yen manipulation

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Japan analysts says US Treasury unconcerned over yen manipulation

Eamonn Sheridana, 19 April 2021

Japan is on the ‘monitor’ list having satisfied 2 of the 3 US criteria, along with other countries. You can find more on the report here:
US drops Switzerland and Vietnam from FX manipulator designation status

But, says Mizuho, the focus is not on the yen but rather on emerging economies:

US likely to prioritize the Mexican peso or Asian currencies (excl-yen) the US report cited IMF analysts saying the yen was largely in line with fundamentals and made no mention of the yen’s weakness so far in 2021
Continue reading “Article: Japan analysts says US Treasury unconcerned over yen manipulation”

Article: Mt. Gox CEO Fights Class In $400M Bitcoin Fraud Case

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Mt. Gox CEO Fights Class In $400M Bitcoin Fraud Case

Clark Mindock, 10 March 2021

The former CEO of defunct Japanese bitcoin exchange Mt. Gox doubled down on his opposition to class certification for customers of the service, saying a plan recently announced in Japan would better compensate them than U.S. litigation would.

Mark Karpeles asked an Illinois federal court Tuesday to weigh the impact of a plan created through a Japanese rehabilitation proceeding to return assets to Mt. Gox customers. The former CEO said that though the plan’s details are private, public estimates related to the Japanese plan indicate that former customers could potentially be compensated well through the deal and with much lower costs than proceeding with American litigation. Continue reading “Article: Mt. Gox CEO Fights Class In $400M Bitcoin Fraud Case”