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Japan Leads Losses In Asia-Pacific; New Zealand Dollar Falls After Central Bank Announces Rate Hike

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CNBC
 
Key PointsShares in Asia-Pacific were mixed on Wednesday.The benchmark 10-year U.S. Treasury yield has climbed since President Joe Biden announced his renomination of Jerome Powell as Federal Reserve chair.The Reserve Bank of New Zealand raised the official cash rate to 0.75%, in line with...

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Tasty Innovations Reignite Japan’s Love Affair With Vending Machines

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THE JAPAN NEWS
 
As the coronavirus crisis drags on, food producers and restaurants are realizing the value of vending machines to expand their sales channels.
The advantage of vending machines goes beyond allowing businesses to sell products 24 hours a day and without face-to-face interaction.
W...

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Japan Weighing Release Of Oil Reserves To Curb Prices

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THE JAPAN NEWS
 
The government is discussing the release of state oil reserves as part of an effort to tackle surging crude oil prices, government sources said Friday.
In response to the spike in crude oil prices, the United States has asked multiple countries including Japan to consider tapping...

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Japan Gov't To Spend Record $488 Bil. On Economic Stimulus

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KYODO NEWS
 
Japan will spend a record 55.7 trillion yen ($488 billion) on an economic stimulus package aimed at easing the impact from the coronavirus pandemic, government sources said Thursday.
The package, including policy measures funded by the private sector such as emergency bank lending to...

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Japan's Car Exports Keep Plunging Due To Supply Issues

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JAPAN TODAY
 
Japan's car exports continued to plunge in October, seeing a 36.7 percent fall from a year earlier amid a parts and semiconductor shortage that led domestic automakers to reduce production, government data showed Wednesday.
Although the pace of decline slowed from a 40.3 percent fal...

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Supply Chain Crisis: Japan's Export Growth Slows As Car Production Slides

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BBC
 
Japan's exports have snapped seven months of double-digit growth as the supply chain crisis hit the motor industry.
Exports expanded by 9.4% in the year to October, the smallest rise in eight months and lower than forecasts.
Shipments of cars were hit particularly hard, down by almost 37% f...

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Japan's LDP To Make New Lawmakers Donate 1 Mil. Yen Allowance

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KYODO NEWS
 
Japan's ruling Liberal Democratic Party said Tuesday it will make new lower house members donate the 1 million yen ($8,800) monthly transportation and communication allowance they received for October despite being elected on the last day of the month.
The policy comes amid growing c...

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Japan, U.S. Set To Open Talks On Steel, Aluminum Tariffs

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THE JAPAN NEWS
 
The United States said Friday it will open talks with Japan that could lead to an easing of tariffs on steel and aluminum imports, a longstanding irritant in trade relations between the two allies.
The U.S. Commerce Department and the United States Trade Representative’s Office s...

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Japan's Toshiba Spins off Energy, Computer Device Units

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US NEWS
 
Embattled Japanese technology conglomerate Toshiba is restructuring to improve its competitiveness, spinning off its energy infrastructure and computer devices businesses.
Embattled Japanese technology conglomerate Toshiba said Friday it is restructuring to improve its competitiveness, ...

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Toyota Defends Skipping COP26 Emissions Pledge

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JAPAN TODAY
 
Toyota Motor Corp on Wednesday defended a decision not to sign an emissions pledge proposed during the COP26 climate talks, saying its global business would make the commitment "difficult".
Ford, Mercedes-Benz, General Motors and Volvo Cars were among the auto giants that said they ...

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