Mt Gox has issued notice stating that the deadline for the Selection and Registration has expired, and now, the rehabilitation creditors cannot make changes without the approval of the Rehabilitation Trustee, beincrypto.com reported. The deadlines were extended multiple times, first to Mar. 10 and then eventually to Apr. 6, 2023. The Trustee will work towards making the Base, Intermediate, and Early Lump-Sum repayments by Oct. 31, 2023. However, the notice reads that the deadline might get extended due to various circumstances with the permission of the Tokyo District Court.

Catalina Marketing Corp., a data and marketing services provider to retailers and consumer products companies, filed for bankruptcy on Tuesday for the second time with a prepackaged plan to slash debt and sell its business in Japan, WSJ Pro Bankruptcy reported. Catalina has suffered from a decline in demand for its services in recent years, including during the Covid-19 pandemic when most retailers were forced to close their doors, according to a court filing yesterday by Chief Financial Officer Michael Huffmaster.

Japan's JOLED, a company formed in a 2015 merger of the organic light-emitting diode (OLED) businesses of Panasonic and Sony, said on Monday that it had filed for bankruptcy protection at the Tokyo District Court, Nikkei Asia reported. JOLED has total liabilities of 33.7 billion yen ($257 million). JOLED's troubles are part of the long decline of Japan's display industry, which has undergone repeated realignments to try to compete with South Korean and Chinese rivals.

The Bank of Japan intends to maintain easy monetary policy and the government's energy assistance programme will hold down inflation, the central bank's governor Haruhiko Kuroda told a news conference at a G20 event on Thursday, Reuters reported. The governor expects inflation to be below 2% for fiscal 2023 and fiscal 2024, adding that Japan is no longer in a deflationary environment. Given that import prices have fallen, the Japanese government's energy assistance will aid in holding down inflation, Kuroda said.

The Japanese subsidiary of bankrupt cryptocurrency exchange FTX said it started allowing customers to withdraw their assets on Tuesday, a relatively quick reboot that Tokyo regulators see as the fruit of their strict crypto laws, the Wall Street Journal reported. The situation in Japan contrasts with the U.S. and other countries, where most FTX customers are a long way from getting access to their assets more than three months after the exchange’s U.S. bankruptcy filing. Japan, which was burned by the collapse of the early cryptocurrency exchange Mt.

Japan's manufacturing activity contracted at the fastest pace in 30 months in February, a business survey showed on Tuesday, in a worrying sign for the world's third-largest economy, which is facing weakening demand and struggling to tame cost pressures, Reuters reported. The au Jibun Bank flash Japan manufacturing purchasing managers' index (PMI) fell to a seasonally adjusted 47.4 in February, from a final 48.9 in the previous month.

The next boss of Japan’s central bank may eventually chart a course away from the “yield-curve control” policy championed by the ancien regime. But investors probably shouldn’t expect a radical change in Japan’s monetary policy overnight, the Wall Street Journal reported. The Japanese government on Tuesday nominated Kazuo Ueda to become the next governor of the central bank, confirming last Friday’s media reports of the surprise pick. Current governor Haruhiko Kuroda, who oversaw a program of aggressive and unorthodox monetary easing, will end his 10-year stint in April.

Japan’s currency is resisting the urge to join in on a period of relative calm, Bloomberg News reported. Volatility has stayed high ever since the Bank of Japan lifted the cap on Japanese bond yields in December. Uncertainty about the outlook of future policy moves is keeping yen traders on edge more so than their counterparts who trade other global assets, including Japanese equities. The yen initially strengthened on Friday after a report that Japanese Prime Minister Fumio Kishida will nominate Kazuo Ueda to take the helm of the central bank.

Japan's government is likely to appoint academic Kazuo Ueda as the next Bank of Japan governor, two government officials told Reuters, a surprise choice that could see the country finally align with other major economies in raising interest rates, Reuters reported. Ueda, a former BOJ policy board member and an academic at Kyoritsu Women's University, is considered an expert on monetary policy but had not even been seen as a dark horse candidate for the top job.