EAST JAPAN RAILWAY C Stock News

East Japan Railway (OTCMKTS:EJPRY) saw a large decline in short interest in November. As of November 15th, there was short interest totalling 200 shares, a decline of 99.0% from the October 31st total of 20,500 shares. Based on an average daily trading volume, of 160,600 shares, the days-to-cover ratio is currently 0.0 days. EJPRY opened []

Participants include MUFG Bank, Sumitomo Mitsui Banking, Mizuho Bank, Japan Post Bank, Nippon Telegraph & Telephone Corp., East Japan Railway, and Mitsubishi, as well as local governments. The Bank of Japan, Financial Services Agency of Japan and three ministries are observing its activities. Digital Currency Forum a consortium of 74 Japanese firms is planning to issue a digital yen that will work similar to bank deposits by the end of 2022, according to a white paper published on Wednesday. Tentatively called «DCJPY,» the digital yen will be issued by banks as their liability, and the consortium will also be releasing a beta version of the digital currency marketplace for non-fungible tokens (NFTs) by 2022, DeCurret, the consortium''s secretariat, said . Members of the consortium will participate in experiments to gauge such a currency''s use in industries ranging from energy to retail, from as early as January, according to the progress report. The consortiums subcommittee on Settlement in Industrial Distribution, led by Mitsubishi, will be testing «the automatic execution of contracts using digital currency in the settlement of maritime transportation for transactions.

Japan is about to take a significant step toward developing a digital currency. Per Reuters , a consortium made up of approximately 70 Japanese firms said this week they plan to launch a yen-based cryptocurrency in 2022. Whats notable about the project, tentatively called DCJPY, is that three of the countrys largest banks will back it. At a news conference on Wednesday, Mitsubishi UFJ Financial Group, Mizuho Financial Group and Sumitomo Mitsui Financial Group said theyve been meeting since last year to build a shared settlement infrastructure for digital payments. Some of the other members of the consortium include the East Japan Railway Company and Kansai Electric Power Company. They plan to start testing the currency in the coming months. The experiment is separate from the work the Bank of Japan is doing to create a digital yen . CBDCs are something China and the US are exploring as well. For Japan, theres an additional incentive to the push. Its a country that famously loves cash.

TOKYO: Japan''s East Japan Railway Co. (JR East) on Monday launched onboard "office cars" on certain Shinkansen bullet trains on lines connecting Tokyo and the country''s northern and central parts to meet the growing demand for telework amid the Covid-19 pandemic. Without additional charge, the new service allows passengers to talk on the phone and participate in online meetings from their seats activities that are discouraged on the rest of the train, local media reported on Monday. Media were granted access inside a running Hokuriku bullet train on Monday and a JR East staff demonstrated how she works remotely using noise-canceling headphones. Passengers will also be able to borrow "smart glasses," which can project the content of their laptop screens in front of their eyes. On bullet trains on the Tohoku line, they also can use free of charge small dividers to put around their seat tables. To avoid congestion, the workspaces will not be available on weekends and some public holidays.

Tokyo, Nov 22 (IANS) Japan’s East Japan Railway Co. (JR East) on Monday launched “office cars” on certain Shinkansen bullet trains on lines connecting Tokyo and the country’s northern and central parts to meet the growing demand for telework amid the Covid-19 pandemic. Without additional charge, the new service allows passengers to talk on the […] The post Japan’s rail operator launches ‘office cars’ appeared first on Buziness Bytes .

East Japan Railway Co. conducts autonomous test runs of its E7-series shinkansen (bullet trains) at JR Niigata Station in Niigata Prefecture on Nov. 17, 2021.