Category: Japans
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Japan’s shares plunge more than 10% extending sell-offs; July services PMI revised downwar
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ronniechua/iStock via Getty Images The Nikkei 225 index fell more than 10% to around 31,135 while the broader Topix lost 6.5% to 2,370 early Monday, with both indexes hitting seven-month lows on concerns about rising interest rates in Japan and also under pressure from safe-haven buying. Amid global stock sell-offs…
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China official protests Japan’s negative remarks at meeting with US, Chinese foreign ministry says By Reuters
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BEIJING (Reuters) – A Chinese Foreign Ministry official has expressed diplomatic dissatisfaction to Japan over negative comments made by the Japanese side during a recent meeting with the United States, China’s foreign ministry said in a statement on Wednesday. Liu Jinsong, director-general of Asian affairs at China’s Foreign Ministry, has…
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Japan’s new currency diplomat keeps intervention on table to stabilise yen By Reuters
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Written by Makiko Yamazaki and Takaya Yamaguchi TOKYO (Reuters) – Japan will maintain its basic approach on the yen, with intervention remaining an option to address excessively volatile moves in the exchange rate, Atsushi Mimura, the new Japanese diplomat in charge of the currency, told Reuters. “Japan will act in…
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Analysis-Investors foxed by Japan’s revamped FX intervention blueprint By Reuters
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By Amanda Cooper and Brigid Riley LONDON/TOKYO (Reuters) – Japanese official buying to defend the yen has become a standard feature of the foreign exchange market landscape in 2024, but authorities in Tokyo have changed their tactics, making it harder for investors to guess when and how they might intervene.…
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Analysis-Investors foxed by Japan’s revamped FX intervention blueprint By Reuters
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By Amanda Cooper and Brigid Riley LONDON/TOKYO (Reuters) – Japanese official buying to defend the yen has become a standard feature of the foreign exchange market landscape in 2024, but authorities in Tokyo have changed their tactics, making it harder for investors to guess when and how they might intervene.…
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Explainer-What are Japan’s tactics based on latest suspected intervention? By Reuters
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TOKYO (Reuters) – Japan is suspected of intervening in the foreign exchange market to support the yen on several occasions this month, highlighting its unease over the pain the currency’s slide is inflicting on households as import costs rise. While authorities have not confirmed whether they have actually intervened, here’s…
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Japan’s Kanda says officials need to respond if speculators cause excessive FX moves, Kyodo reports By Reuters
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Written by Satoshi Sugiyama TOKYO (Reuters) – Japan’s top currency diplomat Masato Kanda said on Wednesday he would have to respond if speculators caused excessive moves in the currency market and there was no limit to the number of times authorities could intervene, Kyodo News reported. “I have no choice…
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Japan’s first new banknotes in 20 years use holograms to defeat counterfeits By Reuters
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By Irene Wang and Kantaro Komiya TOKYO (Reuters) – Japan on Wednesday put into circulation its first new banknotes in 20 years, featuring holograms of founders of women’s financial and educational institutions in a bid to thwart counterfeiters. The banknotes use printed patterns to create 3D images of people facing…
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Japan’s fin min affirms FX vigilance but avoids intervention warning By Reuters
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Written by Makiko Yamazaki TOKYO (Reuters) – Japanese Finance Minister Taro Kono said on Tuesday authorities were vigilant for sharp moves in the currency market as the yen continued to slide to a 38-year low against the dollar, but he stopped short of issuing a clear warning of intervention. The…
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Your Exclusive Gateway to Japan’s Web3 Frontier
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(Press release – Kyoto, Japan, June 25, 2024) The Executive Committee of IVS KYOTO (Japan Address, IVC, Kyoto Prefecture and Kyoto City) is pleased to unveil the detailed agenda of IVS Crypto 2024 KYOTO with the Japan Blockchain Week Summit, which is scheduled to be the flagship event of Japan…
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Your Exclusive Gateway to Japan’s Web3 Frontier
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(Press release – Kyoto, Japan, June 25, 2024) The Executive Committee of IVS KYOTO (Japan Address, IVC, Kyoto Prefecture and Kyoto City) is pleased to unveil the detailed agenda of IVS Crypto 2024 KYOTO with the Japan Blockchain Week Summit, which is scheduled to be the flagship event of Japan…
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A Strategic Shift Amidst Japan’s Economic Turbulence
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Meta Planet, a public operator listed in Tokyo, has taken a bold step in the face of Japan’s economic woes by significantly increasing its Bitcoin reserves. This Bitcoin reserve strategy aims to hedge against the falling value of the yen and rising levels of government debt. Metaplanet’s first Bitcoin strategy…
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A Strategic Shift Amidst Japan’s Economic Turbulence
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Meta Planet, a public operator listed in Tokyo, has taken a bold step in the face of Japan’s economic woes by significantly increasing its Bitcoin reserves. This Bitcoin reserve strategy aims to hedge against the falling value of the yen and rising levels of government debt. Metaplanet’s first Bitcoin strategy…
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Japan’s exports pick up on weak yen but business mood stalls By Reuters
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By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s exports rose for a fifth straight month in April, supported by a weak yen, but shipment volumes struggled as growth was affected by weak demand, government data showed on Wednesday. The trade data clouds policymakers’ hopes that exports will offset weak domestic consumption.…
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Japan’s consumer spending extends declines as outlook weakens By Reuters
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Written by Satoshi Sugiyama and Tetsushi Kagimoto TOKYO (Reuters) – Consumer spending in Japan fell for the 13th straight month in March, creating challenges for policymakers seeking to drive stronger real wage growth, a prerequisite for a hike in interest rates by the central bank. Household spending fell 1.2% in…
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Japan’s child population falls for the 43rd straight year
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The number of children in Japan has fallen to another record low, a stark reminder of the demographic challenges the country faces weighs on The second largest economy in Asia. The number of children ages 14 or younger fell for the 43rd straight year to about 14.01 million as of…
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Japan’s May 1 intervention may have cost $23.6 billion, BOJ data shows By Reuters
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Written by Kevin Buckland TOKYO (Reuters) – Japanese officials may have spent about 3.66 trillion yen ($23.59 billion) on Wednesday in the latest attempt to pull the yen back from its lowest levels in nearly 34 years, Bank of Japan data showed on Thursday. The data showed that the Japanese…
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Japan’s finance minister Suzuki and Bank of Japan Governor Ueda press conference on Friday
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Japan’s Ministry of Finance have revealed their very weak hand propping up the yen
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The Bank of Japan first intervened on a Japanese holiday, which was Monday of this week. Then a second time just hours ago, during the New Zealand morning. While they had influence both times, and they would be happy to do so, these two times are indicators of how weak…