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Japan Forced To Prop Up Yen After Bank Keeps To Negative Interest Rates
- Category:Other
THE GUARDIAN
Central banks are putting rates up as currencies slide against dollar but Japan and Turkey buck trend
Japan has intervened to prop up the yen for the first time since 1998, after it hit a 24-year low as its central bank resisted the trend for higher interest rates.
Tokyo was forced...
Central banks are putting rates up as currencies slide against dollar but Japan and Turkey buck trend
Japan has intervened to prop up the yen for the first time since 1998, after it hit a 24-year low as its central bank resisted the trend for higher interest rates.
Tokyo was forced...
- October 26, 2022
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Japan Likely Spent Around $6 Billion For Oct 24 Suspected FX Intervention
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CNA
Japan likely spent up to 900 billion yen ($6 billion) on its second straight day of suspected currency intervention on Monday, bringing the total for yen-buying action since last month to as much as 9.2 trillion yen, according to market estimates on Tuesday.
Authorities' so-called stealth i...
Japan likely spent up to 900 billion yen ($6 billion) on its second straight day of suspected currency intervention on Monday, bringing the total for yen-buying action since last month to as much as 9.2 trillion yen, according to market estimates on Tuesday.
Authorities' so-called stealth i...
- October 25, 2022
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Japan's Wine Tipplers See Glass Half Empty As Weak Yen Pushes Prices Higher
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JAPAN TODAY
The weak yen forced Suzy Iwamoto to raise prices on imported wines at her bar and bottle shop in Tokyo by about 10% last month, and she fears more hikes may be inevitable after the yen plumbed levels this week that were last seen 32 years ago.
On Friday, a day after the yen slid pas...
The weak yen forced Suzy Iwamoto to raise prices on imported wines at her bar and bottle shop in Tokyo by about 10% last month, and she fears more hikes may be inevitable after the yen plumbed levels this week that were last seen 32 years ago.
On Friday, a day after the yen slid pas...
- October 25, 2022
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Japan’s International Payments System Will Test Plastic Cards For CBDC
- Category:Other
COIN TELEGRAPH
Japan Credit Bureau will develop its CBDC infrastructure in collaboration with IDEMIA and Softspace.
Japan Credit Bureau (JCB), a Japanese analog to international payments systems like Visa or Mastercard, announced the start of its central bank digital currency (CBDC) infrastruct...
Japan Credit Bureau will develop its CBDC infrastructure in collaboration with IDEMIA and Softspace.
Japan Credit Bureau (JCB), a Japanese analog to international payments systems like Visa or Mastercard, announced the start of its central bank digital currency (CBDC) infrastruct...
- October 25, 2022
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Convenience Stores In Japan Serve Up Seasonal Drinkable Sweets To Increase Profits
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JAPAN NEWS
Major convenience store operators have started focusing more on smoothies and other frozen drinks, referring to them as “drinkable sweets,” as part of efforts to develop new business opportunities.
In autumn, soft drink and ice cream sales usually drop, however, smoothies, which allo...
Major convenience store operators have started focusing more on smoothies and other frozen drinks, referring to them as “drinkable sweets,” as part of efforts to develop new business opportunities.
In autumn, soft drink and ice cream sales usually drop, however, smoothies, which allo...
- October 24, 2022
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Japan Intervened, Buying Yen In Foreign Exchange Market Friday
- Category:Other
CNA
Japan intervened in the foreign exchange market on Friday to buy yen for the second time in a month after the currency hit a 32-year low near 152 to the dollar, a government official and another person familiar with the matter told Reuters.
Japan has been attempting to shore up the battered...
Japan intervened in the foreign exchange market on Friday to buy yen for the second time in a month after the currency hit a 32-year low near 152 to the dollar, a government official and another person familiar with the matter told Reuters.
Japan has been attempting to shore up the battered...
- October 22, 2022
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Rollout Of New Hondajet Model Announced
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JAPAN NEWS
Honda Aircraft Co. plans to soon roll out the HondaJet Elite II, the latest upgrade to the company’s small business jet, with a 10% greater flight range.
The airplane seats eight people, including passengers and crew, and is capable of flying 2,865 kilometers with four people aboard....
Honda Aircraft Co. plans to soon roll out the HondaJet Elite II, the latest upgrade to the company’s small business jet, with a 10% greater flight range.
The airplane seats eight people, including passengers and crew, and is capable of flying 2,865 kilometers with four people aboard....
- October 21, 2022
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Japan Imports Surge On Weaker Yen, Fanning Inflation Fears
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NASDAQ
Japan's imports grew more than 40% for a fifth straight month in September to hit the largest value on record, Ministry of Finance (MOF) data showed on Thursday, as a slump in the yen added to already high fuel import costs.
The surge in imports overwhelmed growth in exports, resulting i...
Japan's imports grew more than 40% for a fifth straight month in September to hit the largest value on record, Ministry of Finance (MOF) data showed on Thursday, as a slump in the yen added to already high fuel import costs.
The surge in imports overwhelmed growth in exports, resulting i...
- October 20, 2022
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Japan PM To Pick Most Appropriate Person As Next BOJ Chief
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CNA
Japanese Prime Minister Fumio Kishida said on Monday (Oct 17) he would pick the most appropriate person to take up the governorship of the central bank next April, suggesting the decision could wait until just before the current governor's term ends on Apr 8.
Kishida, speaking in parliament...
Japanese Prime Minister Fumio Kishida said on Monday (Oct 17) he would pick the most appropriate person to take up the governorship of the central bank next April, suggesting the decision could wait until just before the current governor's term ends on Apr 8.
Kishida, speaking in parliament...
- October 17, 2022
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BOJ Chief Stays Course On Ultralow Rate Policy Despite Sharp Yen Drop
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JAPAN TODAY
Bank of Japan Governor Haruhiko Kuroda says that monetary easing is still needed for Japan to ensure wage growth and achieve its 2 percent inflation target stably and sustainably.
Kuroda again signaled that the BOJ would remain an outlier among major central banks, which have begun ...
Bank of Japan Governor Haruhiko Kuroda says that monetary easing is still needed for Japan to ensure wage growth and achieve its 2 percent inflation target stably and sustainably.
Kuroda again signaled that the BOJ would remain an outlier among major central banks, which have begun ...
- October 16, 2022
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