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Bank of Japan Governor Lauded For Smooth Policy Change; Future Interest Rate Hikes to be Focus of Attention

  • Category:Other
JAPAN NEWS
 
Tuesday will mark one year since Bank of Japan Gov. Kazuo Ueda took office. Market players have praised his skill in ending 11 years of massive monetary easing, but the key point of this exit is still to come. The next move, including additional interest rate hikes, will be a focus o...

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M6.0 Earthquake Hits Japan’s Tohoku Region; Fukushima, Iwate, Miyagi Prefectures Observe 4 on Japanese Scale With No Risk of Tsunami

  • Category:Nature
JAPAN NEWS
 
An earthquake with a preliminary magnitude of 6.0 jolted the Tohoku region at 12:16 p.m. Thursday, according to the Japan Meteorological Agency. There was no risk of a tsunami, the agency said.
The quake’s epicenter was off the coast of Fukushima Prefecture at a depth of about 40 kil...

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New Japanese Whisky Rules Aim To Deter Imposters

  • Category:Other
JAPAN TODAY
 
Japanese whisky is world-famous, often eye-wateringly expensive, and as of Monday are more strictly defined in an industry push to deter foreign-made imposters.
Overseas demand has soared in recent years for the country's acclaimed whiskies, sending prices sky-high, especially for t...

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Ohtani Hits First Home Run For Dodgers In 5-4 Win Over Giants

  • Category:Other
JAPAN TODAY
 
Shohei Ohtani hit his first home run for the Los Angeles Dodgers, a solo drive in the seventh inning in a 5-4 win over the San Francisco Giants on Wednesday night that finished a three-game sweep.
Playing his ninth game for his new team, Ohtani pulled a 93.2 mph sinker from left-han...

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OpenAI to Launch 1st Asian Base in Tokyo

  • Category:Other
JAPAN NEWS
 
OpenAI, the developer of generative artificial intelligence tool ChatGPT, will launch its first Asian base in Tokyo this month, it was learned Monday.
The U.S. company plans to establish a Japanese unit to provide services for corporate clients, while hoping to participate in the cre...

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Ride-sharing Services Kick Off in 4 Prefectures This Month

  • Category:Other
JAPAN NEWS
 
Ride-sharing services were set to begin in some districts in Tokyo and three other prefectures this month under the management of taxi companies.
The services were to be rolled out during the first month of fiscal 2024 in parts of the four prefectures, which also include Kanagawa, Ai...

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Japanese Businesses Brace For Life With Interest Rates

  • Category:Other
JAPAN TODAY
 
In the coming years, Satoaki Kanoh needs to replace almost a dozen aging machines at his Tokyo-based maker of acrylic panels, a major undertaking that he worries will become even more expensive.
"Ideally, I'd like to do one a year. But I don't have that much money," Kanoh said of th...

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Dollar Hits 33-Year High of 151.97 Yen in Tokyo (Update 1)

  • Category:Other
JAPAN NEWS
 
The dollar briefly climbed as high as ¥151.97 in Tokyo trading Wednesday, hitting the highest level in 33 years and eight months.
Dollar buying for yen accelerated amid growing anticipation for a wider gap ahead between Japanese and U.S. interest rates, market sources said.
At noon, ...

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More Companies Use Alumni Networks to Rehire, Work with Former Employees

  • Category:Other
JAPAN NEWS
 
More and more companies have been introducing alumni systems to strengthen ties with former employees. In doing so, the companies aim to rehire them as skilled workers or create new businesses in collaboration with their current employers.
As job changes become more common, a view of...

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Yen Falls To 34-Year Low Against Dollar

  • Category:Other
JAPAN TODAY
 
The yen hit a 34-year low against the dollar on Wednesday, just over a week after the Bank of Japan announced a much-anticipated interest rate hike in a shift away from years of ultra-loose monetary policy.
The unit weakened to 151.97 per dollar, its softest since 1990, before recov...

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