TOKYO : Japan's top currency official Masato Kanda said on Tuesday digital cross-border payment technology would boost regional growth, but regulations and preventing financial crisis may become difficult.
Speaking at an event hosted by ASEAN+3 Macroeconomic Research Office , Kanda, vice finance minister for international affairs, said that with digitalization of payments, regulations on capital movement and currency exchange may become difficult. "Financial crisis in one country may spread faster with wider collateral effects on other countries in the region," he said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
On This Day: Japan declares war on Britain and US after bombing Pearl HarborJapan carried out the attack along with co-ordinated strikes on US-held Philippines, Guam and Wake Island, as well as the British Empire’s Malaya, Singapore and Hong Kong over the course of seven hours.
Source: YahooSG - 🏆 3. / 71 Read more »
Japan Finance Minister vows to adhere to budget balancing targetTOKYO : Japanese Finance Minister Shunichi Suzuki said on Tuesday he would stick to the government's aim of balancing its budget by fiscal year 2025.Suzuki told reporters after a cabinet meeting that he was not considering setting a different fiscal target to replace the current primary budget goal.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan will make its own decision on Beijing Olympic participation, says PM KishidaTOKYO : Japan will make its own decision on whether to send diplomatic representatives to the 2022 Winter Olympics in Beijing, Prime Minister Fumio Kishida said on Tuesday, after news that the United States had decided not to send its officials.Japan will consider a number of factors when it decides, incl Just listen to the mouth that bomb Hirosima and Nagasaki , just follow their instruction
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan government considering lifting FY2022 economic growth forecast -NHKTOKYO : The Japanese government is considering raising its economic growth forecast for fiscal 2022 to take into account the effects of its record US$490 billion stimulus package, public broadcaster NHK reported on Monday.In a mid-year review in July, the government projected real gross domestic product (
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Miss Grand Malaysia and her seven dolls win Best National CostumeLishalinny Kanaran stunned judges and the audience with her extravagant costume comprising 7 life-sized dolls dressed in blue and gold.
Source: YahooSG - 🏆 3. / 71 Read more »
Singapore suspends crypto exchange over spat with K-pop group BTSSINGAPORE — Singapore’s financial regulator has suspended a prominent digital currency exchange at the centre of a row involving a crypto pension scheme claiming links to South Korea’s biggest boy band BTS. Crypto isbgonna collapse and die big time eventually.
Source: TODAYonline - 🏆 1. / 99 Read more »