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Category: FINANCE

Posted on 15/08/2023

Japan to respond appropriately to excess forex moves: finance chief

TOKYO (Kyodo) -- Japan will take "appropriate" action in response to excessive forex moves and is closely watching market developments, Finance Minister Shunichi Suzuki said Tuesday after the yen ...

Posted on 15/08/2023

Japan’s Suzuki: Not targeting absolute levels on FX intervention

Japanese Finance Minister Shunichi Suzuki said on Tuesday that authorities are not targeting absolute currency levels when it comes to intervening in the market.Suzuki made the remark at a news confer ...

Posted on 15/08/2023

Japan yields follow Treasuries higher; weak demand at 5-year sale

The 10-year JGB yield rose 1 basis point (bp) to 0.625% as equivalent Treasury yields reached a nine-month high of 4.219% in Tokyo trading, ahead of the release of US retail sales and trade data later ...

Posted on 15/08/2023

USD/JPY retreats towards 145.00 as upbeat Japan statistics join US Dollar’s pullback ahead of Retail Sales

USD/JPY clings to mild losses around 145.50-45 heading into Tuesday’s European session as it prints the first daily loss in seven. In doing so, the Yen pair takes clues from the upbeat Japanese ...

Posted on 15/08/2023

Tokio Marine Southeast Asia Asset Sale Draws Japan Rivals, Sources Say

Japanese insurers Dai-ichi Life Holdings Inc. and Nippon Life Insurance Co. are among the firms considering bids for Tokio Marine Holdings Inc.’s life insurance business in Southeast Asia, according ...

Posted on 15/08/2023

Japan’s Goto highlights risk of global slowdown and effects of price hikes

After witnessing mostly upbeat economic data from Tokyo, Japan’s Economy Minister Shigeyuki Goto crossed wires, via Reuters, early Tuesday. The policymaker initially cited expectations of witnessing a ...

Posted on 15/08/2023

Coinbase launches independent pro-crypto policy group

Coinbase is launching an independent nonprofit organization for advancing pro-crypto legislation through Congress, hoping to build on recent legislative and legal wins for the digital asset industry.

Posted on 15/08/2023

Apple and Samsung to invest in SoftBank’s Arm at IPO

TOKYO: Apple and Samsung Electronics will invest in SoftBank Group -owned chip designer Arm at its initial public offering (IPO), expected in September, Japan’s Nikkei newspaper reported on Tuesday.

Posted on 15/08/2023

Japan’s Nikkei tracks Wall Street higher; chip shares lead gains

Japan's Nikkei share average rose on Tuesday to track the overnight firm finish of Wall Street as investors scooped up stocks after sharp losses in the previous session, with chip-related shares ...

Posted on 15/08/2023

Japanese economic growth surges on strong exports and tourism

Japan's economic growth jumped at an annual pace of 6% in the April-June period, marking the third straight quarter of growth as exports and inbound tourism recovered ...

Posted on 15/08/2023

Japan Huge GDP Beat Driven by Exports as Domestic Demand Slumps

Japan’s economy expanded at a much faster clip than forecast, as a surge in exports more than offset weaker-than-expected results for both business investment and private consumption.Most Read from ...

Posted on 15/08/2023

Trump Discloses Income From Real Estate, Crypto and His Brands

Former President Donald Trump’s latest financial disclosure revealed a sprawling portfolio that includes everything from his primary residence to revenue from resorts and crypto that he could ...

Posted on 15/08/2023

Coinbase launches nonprofit crypto advocacy group

Coinbase is launching an independent nonprofit organization for advancing pro-crypto legislation through Congress, hoping to build on recent legislative and legal wins for the digital asset industry.

Posted on 15/08/2023

Crypto lender Celsius sends bankruptcy plan to creditor vote

Crypto lender Celsius Network on Monday received a U.S. bankruptcy judge's permission to seek creditor approval for its bankruptcy plan, advancing a proposal to exit Chapter 11 as a new entity owned ...

Posted on 15/08/2023

Japan’s economy grew 6% in the second quarter, far more than expected

Economist surveyed by Reuters had expected the world's third-largest economy to post 3.1% growth in the April-June quarter.

Posted on 15/08/2023

Roaring Back From Pandemic, Japan’s Economy Grows by 6 Percent

Economic output in Japan grew by an annualized rate of 6 percent in the second three months of the year, the country’s Cabinet Office said. That followed a revised reading of 3.7 percent growth in the ...

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