Japan’s finance minister declined to confirm whether Japan stepped into the market to support the yen with intervention earlier this week, keeping traders guessing.
Yen Rally Takes Pressure Off Japan to Prop Up Battered Currency
To stem losses, the Ministry of Finance probably bought the yen twice this week, though Japan’s top currency official Masato Kanda has declined to comment on whether the authorities had intervened.
URGENT: Japan finance chief sees need for stable forex moves amid weak yen
Japanese Finance Minister Shunichi Suzuki on Friday stressed the need for foreign exchange rates to move stably by reflecting economic fundamentals, saying that excessive fluctuations should be ...
Vested crypto tokens worth over $3B to be unlocked in May
Sui, Pyth Network, Avalanche, Arbitrum and Aptos are set to release vested crypto tokens in May, according to data tracker Token Unlocks. Vested crypto assets worth over $3.1 billion will be released ...
Analysis-Japan Faces a Tough Tug-Of-War With Yen Bears
SINGAPORE (Reuters) - Japan appears to have bought some time and respite for ... Hirofumi Suzuki, chief currency strategist at Sumitomo Mitsui Banking Corporation in Tokyo, reckons Japanese ...
Japan’s yen had a roller coaster week amid suspected intervention. Here’s what you need to know
Until the yen hit 160, several analysts had estimated levels between 155 and 160 to be the "line in the sand" for the BOJ and Japan's Ministry of Finance to intervene. The weakness in the yen had ...
Naver says Tokyo’s order to sell off Line ‘highly unusual’
An administrative directive demanding a reduction in control [over a company] is highly unusual,” Naver chief Choi Soo-yeon said during the company’s conference call that day. Related ... ( read original story ...)
Strawberry shortcake and foreign travel: How the yen’s record slump is squeezing the Japanese
From food to travel, it’s hard to find an aspect of life in Japan that hasn’t been affected by its sinking currency. ( read original story ...)
Little Tokyo in L.A. listed as a most endangered historic place
Little Tokyo in Los Angeles has been named as one of “America’s 11 Most Endangered Historic Places” by the National Trust Historic Preservation, a U.S. nonprofit organization. ( read original story ...)
Abandoned buildings will be a big part of Japan’s future
Statistics reveal a significant increase in vacant and abandoned homes, with projections indicating a further rise unless addressed. ( read original story ...)
Japanese space debris removal startup Astroscale Holdings files for IPO, eyes $580M valuation
Tokyo-based Astroscale Holdings, the Japanese company offering space debris removal services, announced on Wednesday that its initial listing application on the Tokyo Stock Exchange had been ...
Uber Rival Bolt Raises €220 Million in Credit to Gear Up for IPO
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Japan’s yen had a rollercoaster week amid suspected intervention. Here’s what you need to know
Until the yen hit 160, several analysts had estimated levels between 155 and 160 to be the "line in the sand" for the BOJ and Japan's Ministry of Finance to intervene. The weakness in the yen had ...
Singapore to probe ex-envoy over illicit photos taken in Tokyo
Singapore’s foreign ministry has suspended a former diplomat stationed in Japan after he was exposed for taking photos of naked males at public bathhouses in Tokyo, the Singaporean Embassy told The Asahi Shimbun. ( read original story ...)
Naver says pressure from Japan to divest Line messenger stake is unusual
Naver said, Friday, the Japanese government’s apparent attempt to exclude the Korean IT firm from joint management of the Line mobile messenger app with SoftBank is very unusual.During a conference ... ( read original story ...)
Pennon Group’s Sumisho Osaka Deal Could Harm Ofwat’s Ability to Regulate, U.K. Watchdog Says
The U.K. competition watchdog has found that Pennon Group's acquisition of Sumisho Osaka Gas Water U.K.--including its subsidiary Sutton and East Surrey Water--could harm the U.K. water regulator's ability to carry out its functions. The U.K. Competition ... ( read original story ...)