Japanese authorities intervened aggressively in the foreign exchange market during July, spending a substantial 5.53 trillion yen ($36.8 billion) to support the yen. This intervention, confirmed by the Ministry of Finance, followed the yen’s sharp …
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Suntory CEO Calls for Gradual Interest Rate Hikes in Japan
Suntory CEO Takeshi Niinami has urged the Bank of Japan (BOJ) to continue its gradual interest rate hikes, aiming for a 1% rate by next year. Niinami, who also heads one of Japan’s largest business …
Continue readingJapan’s Trade Growth Stalls in June as Global Demand Weakens
Japan’s exports and imports grew at a slower pace than expected in June, signaling a slowdown in economic activity both domestically and in key export markets. Exports rose by 5.4% year-on-year, falling short of expectations …
Continue readingJapanese Companies Lag in AI Adoption Despite Labor Shortages
A new Reuters survey reveals a significant gap in AI adoption among Japanese companies. While nearly a quarter have already implemented AI, over 40% have no plans to utilize the technology. This reluctance is fueled …
Continue readingJapan Intervenes in Currency Market to Prop Up Yen; Analysts See Similarities to May Intervention
Japan has once again intervened in the currency market to support the weakening yen, raising concerns over the currency’s volatility and potential impact on the economy. The move comes as the yen hits 38-year lows, …
Continue readingJapan Hints at Yen Intervention as Currency Surges on Rate Cut Bets
Japan’s government is stepping up warnings about the yen’s weakness and hinted at possible intervention in the currency market. Officials expressed concern about recent yen moves being “out of line with fundamentals” and highlighted the …
Continue readingTaiwan on High Alert as Chinese Military Activity Surges
Taiwan’s defense ministry has reported the detection of 66 Chinese aircraft, including fighter jets and bombers, operating around the island. This significant surge in Chinese military activity near Taiwan has sparked alarm bells, raising concerns …
Continue readingInflation, Japan, Yen, Import Costs, Interest Rate Hike, BOJ
Japan’s wholesale inflation soared in June, reaching a record high for the seventh consecutive month, driven by a weakening yen and rising import costs. The corporate goods price index (CGPI), which measures prices companies charge …
Continue readingDisney Cruise Line Offers New Family Adventures: New Ship Sets Sail from Tokyo
Walt Disney (DIS.N) announced plans on Tuesday to launch a new cruise ship that will set sail from Tokyo beginning in fiscal 2028, adding a ninth vessel to the company’s growing fleet. The new ship, …
Continue readingPhilippines and Japan Sign Landmark Military Pact Amid Rising China Tensions
The Philippines and Japan have signed a landmark military pact, the Reciprocal Access Agreement (RAA), allowing for the deployment of forces on each other’s soil, marking an unprecedented high in defense ties between the two …
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