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Yen Sinks To New 24-Year Low Against Dollar

  • Category:Other
JAPAN TODAY
 
The yen plunged to a new 24-year low against the dollar on Thursday as Japan sticks with its long-standing monetary easing policies in contrast to tightening by the U.S. Federal Reserve.
One dollar was more worth more than 140 yen for the first time since 1998 in European afternoon ...

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Yen At ¥140 Piles Pressure On Japan’s Unified Policy Front

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JAPAN TIMES
 
The yen plunged to a new 24-year low against the dollar on Thursday as Japan sticks with its long-standing monetary easing policies in contrast to tightening by the U.S. Federal Reserve.
One dollar was more worth more than 140 yen for the first time since 1998 in European afternoon ...

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Japan Town: Giant Squid Statue Has Had Huge Economic Effect

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NHK
 
A Japanese fishing town says a giant statue of a squid has had a huge economic effect, though it drew criticism for having been paid for with an emergency COVID-19 relief grant.
Noto Town in Ishikawa Prefecture on the Sea of Japan spent about 180,000 dollars in grant money to cover most of ...

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As Japanese Manufacturing Fades, A Factory Town Fights To Stay Alive

  • Category:Other
JAPAN TODAY
 
The small factories in the western Japanese city of Higashiosaka for decades fueled the thundering rise of the country's biggest brands - but a weak yen and rising costs have accelerated a slow decline, and are reshaping the industrial heartland.
Home to about 6,000 firms, 87% of wh...

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Tesla Quietly Built A Virtual Power Plant In Japan

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THE VERGE
 
There’s already one in California and Australia
Tesla’s latest virtual power plant is in Japan. The company announced Friday that it has been quietly installing its Powerwall batteries at homes on the island Miyako-jima since 2021 and now has over 300 installed.
It’s the largest comme...

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Japan's Suzuki Drives Deeper Into India With Global R&D Unit

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REUTERS
 
Suzuki Motor Corp (7269.T) will set up a global research and development company in India, its president said on Sunday, pushing deeper into a market that is set to become an electric vehicle (EV) hub for the Japanese carmaker.
The new company, a wholly owned unit of Suzuki Japan, will ...

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Africa’s Renewable Energy Resources Offer Huge Investment Opportunities For Japanese Business – Dr Akinwumi Adesina

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AFDB
 
Japanese businesses should invest more in Africa, where investment opportunities and returns on investment are among the highest in the world, African Development Bank President Dr. Akinwumi Adesina urged participants at the 8th Tokyo International Conference on African Development (TICAD8...

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Sony Hikes Price Of PS5 In Europe, Japan, And More

  • Category:Other
THE VERGE
 
 
It blames global economic challenges for the change
Sony is increasing its PS5 prices in the UK, Europe, Japan, China, Australia, Mexico, and Canada.
Prices are jumping by 10 percent in Europe, 21 percent in Japan, and by around 6 percent in the UK as inflation rates impact Sony and...

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Popular Manga App Seeks 2023 IPO In Tokyo At $6 Billion Value

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JAPAN TIMES
 
South Korean messaging giant Kakao’s manga business is pushing back plans to go public on the Tokyo Stock Exchange until next year, aiming for a valuation of $6 billion or more.
Manga app operator Kakao Piccoma had previously planned an initial public offering for this December, but...

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Japan's Mitsui Nears Decision To Join New Sakhalin-2 Operator, Nikkei Reports

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REUTERS
 
Japanese trading firm Mitsui & Co (8031.T) is close to making a final decision to join a new Russian operator for the Sakhalin-2 liquefied natural gas (LNG) project, the Nikkei newspaper said, without citing sources.
Registered on Aug. 5, the new entity replaces project operator Sakhali...

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