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Japan's Wine Tipplers See Glass Half Empty As Weak Yen Pushes Prices Higher

  • Category:Other
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...

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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...

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Convenience Stores In Japan Serve Up Seasonal Drinkable Sweets To Increase Profits

  • Category:Other
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...

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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...

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Mitsui Fudosan Unveils New Skyscraper In Manhattan

  • Category:Spot
JAPAN NEWS
 
Japanese real estate giant Mitsui Fudosan Co. this week showed media around 50 Hudson Yards, a 58-story skyscraper that is part of a major redevelopment project in New York.
The construction of the building in Manhattan’s Hudson Yards district was completed earlier this month. The 30...

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Rollout Of New Hondajet Model Announced

  • Category:Other
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....

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Japan Consumer Inflation At 31-Year High

  • Category:Shopping
NHK
 
Japanese consumers are feeling the pinch as prices continue to rise. The internal affairs ministry said on Friday that the consumer price index, excluding fresh food, climbed 3 percent in September from a year earlier.
Japan has not seen that level of increase since August 1991, except for ...

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Japan Imports Surge On Weaker Yen, Fanning Inflation Fears

  • Category:Other
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...

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Japan PM To Pick Most Appropriate Person As Next BOJ Chief

  • Category:Other
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...

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BOJ Chief Stays Course On Ultralow Rate Policy Despite Sharp Yen Drop

  • Category:Other
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 ...

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