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Japan Names New FX Diplomat As Yen Hits 38-Year Low

  • Category:Other
INVESTING
 
Japan appointed a new top foreign exchange diplomat on Friday as the yen plumbed a 38-year low against the dollar, heightening expectations of imminent market intervention by Tokyo to shore up the battered currency.
Atsushi Mimura, a financial regulation veteran, replaces Masato Kanda...

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Rice Price Jumps At Japan Supermarkets Amid Heat Damage, Tourism Boom

  • Category:Gourmet
JAPAN TODAY
 
The average price of rice has surged at supermarkets in Japan, data from the private and public sectors showed Wednesday, with pundits attributing it to a tight supply as a result of last summer's high temperatures and high demand from booming inbound tourism.
According to True Data...

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Japanese Carmakers Take A Hit In China

  • Category:Other
NHK
 
All five Japanese automakers with operations in China reported a fall in unit sales in May. The slump comes amid fierce price competition from Chinese firms and a rapid, market-wide shift to electric.
Toyota says it sold just 140,377 units. That's down 13.6 percent from a year earlier.
Hond...

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Bank Of Japan Opens Door For A Hawkish Double Surprise

  • Category:Other
REUTERS
 
The Bank of Japan is dropping signals its quantitative tightening (QT) plan in July could be bigger than markets think, and may even be accompanied by an interest rate hike, as it steps up a steady retreat from its still-huge monetary stimulus.
Hawkish hints delivered over the past week...

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Costco Japan Wages Provide Pathway To Firing Up Nation's Low Pay, Economy

  • Category:Other
JAPAN TODAY
 
When Costco Wholesale opened its warehouse in a rural Japanese town not far from Tokyo last year offering hundreds of jobs at eye-popping pay, a nearby noodle shop chain took a drastic step: it hiked hourly wages by a third.
It was an almost unthinkable decision for Yamada-udon, whi...

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BOJ Debated Need For Timely Rate Hike, Signals Chance Of July Action

  • Category:Other
REUTERS
 
The Bank of Japan debated in June the chance of a near-term interest rate hike with one policymaker calling for an increase "without too much delay" to address risks of inflation overshooting expectations, a meeting summary showed on Monday.
The discussion highlights the board's growing...

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Japan Warns Of Appropriate Action Any Time Against Rapid Yen Moves

  • Category:Other
JAPAN TODAY
 
Japan stands ready to take appropriate steps against volatile yen moves at "any time," a senior finance ministry official said Monday, as the currency neared the 160 line against the U.S. dollar, a level at which authorities have previously intervened to slow the yen's decline.
At 3...

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Japan, Indonesia Seek Stronger Cooperation in Automotive Industry

  • Category:Other
TEMPO
 
Indonesia's Industry Minister Agus Gumiwang Kartasasmita met with Japanese Minister of Economy, Trade, and Industry Ken Saito in Tokyo on Friday, June 21, 2024, to discuss the potential to increase cooperation in the manufacturing industry, especially automotive.
According to the Industry...

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Ricoh Imaging to Release Pentax 17, Half-Frame Film Camera, in July

  • Category:Other
JAPAN NEWS
 
Ricoh Imaging Co. will release the Pentax 17, its first film camera in 21 years, in Japan on July 12, the company announced Tuesday.
The model is expected to attract younger people who are interested in a retro style with camera operations unique to film photography, such as a manual...

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Japan Inflation Rises To 2.5% In May

  • Category:Other
JAPAN TODAY
 
The pace of Japanese inflation accelerated in May partly due to higher energy bills, government data showed Friday, as analysts speculate on the timing of the Bank of Japan's next rate hike.
The Consumer Price Index (CPI) -- which excludes volatile fresh food prices -- rose 2.5 perc...

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