Category: Japan
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Japan June Services PMI 49.4 (prior 53.8)
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Japan’s services PMI hits 49.4 in June, first contraction in nearly two years Flash 49.8, before 53.8 Compound 49.7 Flash was 50.0 before 52.6 previously: Japan Final Manufacturing PMI for June 50.0 (Previously 50.4) Comment on the report: The recent strong surge in business activity in Japan’s services sector came…
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Sony to Launch Crypto Exchange in Japan Via Acquired Local Platform
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Japanese multinational corporation Sony is preparing to launch its own cryptocurrency exchange. The company intends to do this by relaunching another cryptocurrency trading platform it acquired in August 2023. according to press releaseAmber Japan, the parent company of Japanese cryptocurrency exchange WhaleFin, which was acquired by Sony last year, has…
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Sony to Launch Crypto Exchange in Japan Via Acquired Local Platform
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Japanese multinational corporation Sony is preparing to launch its own cryptocurrency exchange. The company intends to do this by relaunching another cryptocurrency trading platform it acquired in August 2023. according to press releaseAmber Japan, the parent company of Japanese cryptocurrency exchange WhaleFin, which was acquired by Sony last year, has…
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Sony Enters Crypto Trading In Japan With S.BLOX: Whats Next ?
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In a strategic move that underscores its commitment to the thriving digital assets landscape, SonyJapanese conglomerate Sony has revealed plans to launch a comprehensive cryptocurrency trading platform in the country. The bold move follows the tech giant’s recent acquisition of a local cryptocurrency exchange, Amber Japan, marking a major shift…
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Sony Enters Crypto Trading In Japan With S.BLOX: Whats Next ?
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In a strategic move that underscores its commitment to the thriving digital assets landscape, SonyJapanese conglomerate Sony has revealed plans to launch a comprehensive cryptocurrency trading platform in the country. The bold move follows the tech giant’s recent acquisition of a local cryptocurrency exchange, Amber Japan, marking a major shift…
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Japan final manufacturing PMI for June 50.0 (prior 50.4)
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S&P Global Manufacturing PMI for June 2024 Reaches 50.0 Previous 50.4 The initial was 50.1. From comment to report: “It is worth noting that the latest PMI data revealed the first rise in Japanese factory output in more than a year, and a recovery in business confidence. Although employment continued…
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Japan ‘deeply concerned’ about rapid, one-sided forex moves, finance minister says By Reuters
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TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Friday that authorities were “deeply concerned” about the impact of “rapid and biased” foreign exchange movements on the economy, with the yen falling to a 38-year low above 161 yen. per dollar. Speaking at a regular news conference, Suzuki said…
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Japan names new FX diplomat as yen hits 38-year low By Reuters
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Written by Makiko Yamazaki and Satoshi Sugiyama TOKYO (Reuters) – Japan appointed a new diplomat in charge of foreign exchange on Friday as the yen fell to a 38-year low against the dollar, raising expectations of imminent market intervention by Tokyo to support the battered currency. Atsushi Mimura, a veteran…
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Japan issues fresh warnings against sharp yen falls By Reuters
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Written by Kentaro Sugiyama and Laika Kihara TOKYO (Reuters) – Japanese authorities will take necessary measures on currencies, Finance Minister Shunichi Suzuki said on Thursday, signaling a willingness to intervene in the foreign exchange market after the yen fell to a fresh 38-year low against the dollar. “It is desirable…
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Japan to respond appropriately to excessive yen volatility, official says By Reuters
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Written by Kentaro Sugiyama and Makiko Yamazaki TOKYO (Reuters) – Japanese Chief Cabinet Secretary Yoshimasa Hayashi said on Tuesday that authorities will respond appropriately to excessive currency fluctuations, in a new warning as the yen weakens towards 160 yen to the dollar. Hayashi, a top government spokesman, told reporters that…
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Japan warns against rapid FX moves, reiterates readiness for action By Reuters
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Written by Makiko Yamazaki and Yoshifumi Takemoto TOKYO (Reuters) – Japan is always ready to take action against excessive market moves, Tokyo’s chief currency diplomat Masato Kanda said on Monday, as the yen fell to nearly 160 yen to the dollar, sparking market caution about the possibility of new intervention.…
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Asian Stocks Falter as Japan Warns on Yen Moves: Markets Wrap
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Breadcrumb links BMN Business Asian stocks fell, kicking off a week of inflation measures that will help guide bets on the global interest rate outlook. The yen stabilized after Japan’s top currency official stepped up the interventionist tone. Article writer: Bloomberg News Catherine Bosley and Matthew Burgess Posted on June…
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U.S. finds no currency manipulation in 2023, Japan added to monitoring list By Reuters
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WASHINGTON (Reuters) – The U.S. Treasury Department said on Thursday that no major trading partner appeared to have been manipulating its currency in the past year, but added Japan to a foreign exchange “watch list,” along with China, Vietnam, Taiwan, Malaysia, Singapore and Germany, which were on the previous list.…
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Ripple’s Strategic XRPL Fund Fuels Blockchain Innovation In Japan And Korea
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Ripple, a prominent blockchain payments company, It has taken an important step to accelerate the growth and adoption of the XRP Ledger (XRPL) in the Asia-Pacific region. With the launch of the XRPL Fund in Japan and Korea, Ripple is poised to drive innovation and utility within the XRPL ecosystem,…
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Japan stocks higher at close of trade; Nikkei 225 up 1.27% By Investing.com
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Investing.com – Japanese stocks rose after the close on Friday, as gains in the stock sector led shares higher. At the close in Tokyo, the index rose by 1.27%. Among today’s leading stocks was Sumitomo Dainippon Pharma (TYO:), which rose 6.64%, or 19.00 points, to trade at 305.00 at the…
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Japan, at G7 meet, renews push to keep yen bears in check By Reuters
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Written by Laika Kihara STRESA, Italy (Reuters) – Japan renewed its push to counter excessive decline in the yen at a weekend meeting of Group of Seven (G7) financial leaders, after a recent rise in bond yields to a 12-year high failed to slow the currency’s stubborn decline. . The…
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Japan issues fresh warning on yen drops, signals readiness to intervene By Reuters
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Written by Laika Kihara STRESA, Italy (Reuters) – Japan is ready to take appropriate market action “at any time” to counter excessive movements in the yen, Japan’s top currency diplomat Masato Kanda said on Friday, issuing a new warning about the chance of a renewed exchange rate. Interference rate. Kanda…
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G7 reaffirms warning against excess currency volatility in nod to Japan By Reuters
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Written by Laika Kihara STRESA, Italy (Reuters) – Financial leaders of the Group of Seven leading economies reiterated on Saturday their commitment to warning against excessively volatile currency movements, language that Japan sees as a green light for market intervention to halt the currency’s rapid decline. yen. The agreement followed…