A weak yen increases costs of imports, thus feeding into inflation pressures and hitting corporate profits. But the impact looks manageable as inflation in Japan remains mild by current standards.
Risk of strong Pacific quake still high; Tokyo gets 47% rating
The likelihood of a powerful earthquake striking over the next 30 years remains high along Pacific coastal areas of Japan in light of a spate of recent aftershocks triggered by the magnitude-9.0 ... ( read original story ...)
Vietnam Automotive Tire Industry Report 2022: Production and Exports to Continue to Rise to 2031 – ResearchAndMarkets.com
The "Research Report on Vietnam's Automotive Tire Industry 2022-2031" report has been added to ResearchAndMarkets.com's offering. Vietnam's tire production and exports to continue to rise in the years ... ( read original story ...)
USD/JPY tumbles below 143.00 as top Japanese authorites set to meet
The Japanese yen is finding fresh demand after the country’s Finance Ministry (MOF) reported that the Ministry, the Bank of Japan (BOJ) and the Financial Services Agency (FSA) are due to meet on ...
Which countries are the worst for crypto taxation? New study lists top five
In a new study by Coincub, Belgium is referred to as the worst country in the world in terms of crypto taxation for residents.
‘These are not laundromat tokens.’ SEC chief sends warning to crypto industry
Gary Gensler had strong words for the crypto industry in a Thursday speech, telling an audience of lawyers that the "vast majority" of the nearly ...
Crypto intermediaries should register with U.S. SEC, agency chair says
Companies that help facilitate transactions in the cryptocurrency market should register with the U.S. Securities and Exchange Commission (SEC) just like other market intermediaries, the agency's ...
SEC Chair Gary Gensler asks crypto community to embrace regulation or risk being sued
SEC Chair Gary Gensler has asked a large part of the crypto community to "Come in, talk to us, and register." Speaking this morning at the Practicing Law Institute (PLI), Gensler has again reiterated ...
Japan says ready for ‘necessary response’ as yen dives
Japan is ready to take action if the yen's plummeting value remains volatile, officials repeated on Thursday, after the currency hit 24-year lows. ( read original story ...)
Even yen bears unnerved by latest slide as Tokyo ramps up warnings
And for the currency, there's always gravity. "The U.S. dollar will not rise forever," said Akira Takei, global fixed income fund manager at Asset Management One in Tokyo. "That is too good to be true ... ( read original story ...)
Japan’s Kanda: Recent yen falls cannot be justified based on fundamentals
Japan's top currency diplomat Kanda said on Thursday that they are recently seeing speculative and one-sided rapid yen moves, as reported by Reuters. "Recent yen falls cannot be justified based on ...
The 53 most promising crypto startups of 2022, according to VCs
We asked top venture capitalists to name their picks for the most promising US crypto startups so far in 2022, from NFTs to decentralized finance.
Japan’s Nikkei ends at one-week high tracking Wall Street strength, weak yen
Japan's Nikkei share average ended at a one-week high on Thursday, tracking Wall Street's overnight strong finish, while the yen falling against the dollar raised hopes for better outlook for domestic ...
The Japanese yen’s plunge is the most ‘textbook-driven’ currency move in 30 years, analyst says
The worst is not over for the Japanese yen — it could plummet even further in the coming months, according to Jesper Koll of Monex Group.
URGENT: Japan gov’t, BOJ to meet later Thurs. after yen’s fall to 24-yr low
The Japanese government and the Bank of Japan will hold a meeting later Thursday, they said, after the yen tumbled to its weakest level in 24 years. The three-party meeting involving the Finance ...
Japan Won’t Rule out Any Options in Responding to Forex Situation, Official Says
TOKYO--Japan's top currency official said Thursday that the government isn't ruling out any options as it weighs a response to the yen's recent sharp fall. Masato Kanda, vice finance minister for ...