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Dollar Profits From Japan Political Uncertainty, Pound Awaits UK Budget

  • Category:Other
REUTERS
 
The dollar hit three-month highs against the yen on Tuesday as the loss of a parliamentary majority for Japan's ruling coalition in weekend elections muddied the political and monetary picture, while sterling was firm ahead of a new British budget.
The Chinese yuan, which touched its we...

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JR West Develops Knife-Resistant Umbrella to Protect Passengers; Company Upping Security Ahead of Osaka-Kansai Expo

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JAPAN NEWS
 
West Japan Railway Co. has developed a stab-resistant umbrella that will be used to protect passengers and crew members from knife-wielding assailants on trains.
JR West will from November start placing two of these protective umbrellas in crew cabins on about 600 trains running on c...

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BOJ Chief Warns Of Risks Of Raising Interest Rates Too Slowly

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JAPAN TODAY
 
Bank of Japan Governor Kazuo Ueda on Wednesday warned of the risks of moving too slowly in raising interest rates, saying striking the right balance is crucial for the Japanese economy to grow in a sustainable way.
"Uncertainties are everywhere, any time...when there's huge uncertai...

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Japan's Rising Ramen Prices Give Election Voters Food For Thought

  • Category:Other
VOA
 
Taisei Hikage is fighting a losing battle at his Tokyo ramen shop - not to attract customers, but to keep a lid on the price he charges for Japan's national comfort food in the face of an incessant rise in ingredient and fuel costs.
Since opening his shop in the west of the capital a year a...

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Dollar Tops 152 Yen to Hit Another 3-month High

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JAPAN NEWS
 
The dollar rose above ¥152 to hit another three-month high in Tokyo trading on Wednesday, backed by higher U.S. Treasury yields.
At 5 p.m., the U.S. currency stood at ¥152.35-35 , up from ¥151.00-01 at 5 p.m. Tuesday.
Dollar buying was prompted by a widening interest rate gap between...

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Tokyo Metro Surges 47.3% On Debut In Japan's Biggest IPO In 6 Years

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KYODO NEWS
 
Tokyo Metro Co. made an impressive debut on the Tokyo stock market on Wednesday, briefly surging 47.3 percent above the offering price of 1,200 yen ($7.9) in Japan's biggest initial public offering in six years.
The IPO put Tokyo Metro's market capitalization at around 1.01 trillion ...

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Used Smartphone Sales To Hit Record High In Japan Amid Price Hikes

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JAPAN TODAY
 
Sales of used smartphones in Japan are expected to hit an all-time high in fiscal 2024, as rising prices of new devices drive consumers toward more affordable options, a Tokyo-based research company said.
Sales of used smartphones are projected to climb 15.5 percent from the previou...

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Japanese Automakers Team Up on Software Development; Aim to Compete with U.S., China in SDV Market

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JAPAN NEWS
 
Three major Japanese automobile manufacturers, Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co., have reached an agreement to promote collaboration on developing in-car software, The Yomiuri Shimbun has learned. They will consider standardizing specifications for functions of...

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Japan's 2024 New Rice Price Rises To 31-Year High After Summer Heat

  • Category:Other
JAPAN TODAY
 
The price of newly harvested rice has surged 48 percent from a year earlier to the highest level in 31 years, reflecting a shortage caused by extreme summer heat that reduced the previous season's harvest, the farm ministry's data showed Friday.
The average price of unpolished rice ...

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Japan's Core Inflation Rate Slows In September

  • Category:Other
JAPAN TODAY
 
Japanese inflation slowed in September with prices up 2.4 percent on-year, not including volatile fresh food, official data showed Friday.
The core Consumer Price Index eased from 2.8 percent in August as the pace of increase in electricity and gas prices relented, the internal affa...

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