TOKYO (Kyodo) — Japan’s record currency market intervention between April and May was aimed at curbing excessive yen movements driven by speculators and proved effective “to a certain extent,” …
Japan finance minister: Forex intervention had a certain impact
TOKYO: Japan’s foreign exchange market intervention in late April and early May had a certain impact, Finance Minister Shunichi Suzuki said on Tuesday. Japanese authorities spent ¥9.79 trillion (US$62 …
ETFs to Watch on Japan’s First Yen Intervention Since 2022
Japan’s Ministry of Finance revealed that the country has conducted its first currency intervention since October 2022, aimed at stabilizing the yen following its decline to a 34-year low in April.
Analysis-China sees property silver lining but can’t shake Japan comparisons
A plunge in China’s new housing construction is fuelling hopes the battered property sector is finally coming to terms with chronic oversupply, but a clean-up of bad assets is the missing policy piece …
Japan’s tax revenue from international travelers likely triples in FY 2023
Since 2019, Japan has been collecting 1,000 yen per traveler leaving the country. For fiscal 2023, the country has so far raked in 36.2 billion yen, with an additional 3 billion yen expected when the …
A Japanese billionaire canceled his trip to the moon on a SpaceX rocket after too many delays
Moon and SpaceX made plans to reach the moon in 2023, but that goal became “unfeasible.” Yusaku Maezawa said the voyage was now canceled.
The Other Half of ‘Chip 4’: Japan and South Korea’s Different Paths to De-risking
As Japan’s semiconductor revival is firing on all cylinders, South Korea must move past its dependence on China to find its groove again.
China’s new aircraft carrier pushes India, Japan, South Korea to upgrade: ‘source of anxiety’
China currently operates two aircraft carriers, the Liaoning and the Shandong. It launched the Fujian, a next-generation 80,000-tonne aircraft carrier larger than those operated by India or Japan, …
Toyota halts some shipments as Japan’s auto safety scandal widens
A safety test scandal at Japanese automakers widened Monday, with Toyota Motor and Mazda both halting shipments of some vehicles after Japan’s transport ministry found irregularities in applications …
Remarkable weekend of racing in England, Japan promises visits to U.S. tracks
Remarkable performances in the English Derby and the Yasuda Kinen in Japan portend some unprecedented international visitors to North American tracks in the near future.