Yen

Carlos Ghosn Is Up Against Japan’s 99.9% Conviction Rate

Japanese prosecutors indicted Nissan’s ousted chairman Carlos Ghosn today (Dec. 10) for financial misconduct, claiming he had underreported his pay by nearly 5 billion yen ($44 million) from 2011 to 2015. If found guilty, he could face up to...
Related topics: Japan

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Tokyo Prosecutors Charge Carlos Ghosn For Underreporting Pay - Reports

Carlos Ghosn was arrested on 19 November over suspicions of financial misconduct, namely, of concealing around 8 billion yen ($71 million) of his income between 2010 and 2017.
Related topics: Japan, Tokyo

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Dollar Slides As U.s. Job Data Dents Fed Tightening Outlook; Yuan On Back Foot

The dollar slid almost half a percent against the euro and the yen on Monday after soft U.S. payrolls data fuelled speculation that the Federal Reserve may stop raising interest rates after a highly likely move next week. The Chinese yuan dipped...
Related topics: Fed

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Macron Asks Abe To Help Keep Nissan-renault Alliance Despite Ceo Arrest - Report

The developments followed last month's arrest of Carlos Ghosn, former chairman of the Japanese automaker Nissan Motor Company, who is accused of understating his salary by 3 billion yen ($27 million) between 2015 and 2017.
Related topics: Emmanuel Macron

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Why Skepticism Is The Best Attitude To Take On Un Climate Catastrophism

By Yen MakabentaDec 4 2018 (Manila Times)The climate change debate has become more complicated as the United Nations continues to double down on its forecast of climate catastrophe in response to near-global rejection of its warning.The situation...
Related topics: Philippines, Manila, Debate

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Softbank Sets Indicative Share Price Of 1,500 Yen For Next Month’s Ipo

In a regulatory filing today, SoftBank Group said it has set an indicative price of 1,500 yen ($13.22) per share for the initial public offering of its domestic telecoms unit next month. This means the offering is potentially worth 2.4 trillion yen...
Related topics: Initial Public Offering

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These Hyper-realistic Masks Are Being Used To Train Facial Recognition Tech

A small company in Japan that makes hyper-realistic face masks has found popularity within the tech industry, as reported by Reuters. The masks, which cost about 300,000 yen ($2,650 USD) to create, are made of resin and plastic by REAL-f Co. at the...
Related topics: Japan, Reuters

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Here's How To Avoid War With China

Daniel L. Davis Security, Asia Hint: it's not adopting a more aggressive forward military posture. On Monday, Taiwanese Defense Minister Yen De-fa stated that, Taiwan would consider allowing a U.S. ship to dock on an island it controls in the...
Related topics: China, Military, Taiwan

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Suvs And Cost Cuts Drive A Profit Gain For Toyota

Toyota Motor Corporation (NYSE: TM) said on Nov. 6 that its operating profit rose 11% in the quarter that ended on Sep. 30, on strong demand for profitable SUVs and an ongoing cost-cutting initiative. Toyota earned an operating profit of 579.1...
Related topics: Toyota, US Equity Markets

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Sony’s Winning Streak Continues With A Solid Second Quarter

Shares of Sony (NYSE: SNE) recently jumped after the Japanese conglomerate posted strong second quarter numbers and raised its full year forecast. Its revenue rose 6% annually to 2.18 trillion yen ($19.6 billion), its operating income climbed 17%...
Related topics: US Equity Markets

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Japan Exports Fall For First Time Since 2016

Japan recorded a trade surplus for September of 139.6 billion yen ($1.2 billion), but exports fell 1.2 percent from the previous year, marking the first decline since 2016, after several natural disasters. Trailing exports are also reflecting...
Related topics: Japan

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Usdjpy Tumbles Below 113: Here's Why It May Have Much More To Drop

Having enjoyed a largely one-directional ascent since the end of March, when it was trading around 105, and rising above 114 in early October helping push the Nikkei225 to 27 year highs... ... the weakness in Japanese yen, traditionally a safe...

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Tokyo’s Famed Tsukiji Fish Market Moves To New Site Soon

After years of delays Tokyo’s 80-year-old Tsukiji fish market is closing Saturday to move to a more modern facility on reclaimed industrial land in Tokyo Bay. The new, 569 billion yen ($5 billion) facility at Toyosu will open Oct. 11, over the...
Related topics: Japan, Tokyo

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New York Overtakes London As World's Top Financial Center

New York overtakes London as the top financial city according to the Z/Yen global financial centers index. Elizabeth Keatinge has more.        
Related topics: United Kingdom, London

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Gold Climbs As Dollar Declines Against Yen Amid Us-japan Trade Worries

With bilateral trade consultations reportedly looming ahead, the dollar has witnessed a bit of a decline, which in turn couldn’t help but affect the precious metal’s price.
Related topics: Gold, Japan

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Doing Business With Friends Requires The Same Care As Doing Business With Anyone

In a recent op-ed for Fortune Magazine, Mallun Yen, Co-founder, COO, and operating partner of a business-to-business software company, wrote, “doing business with your buddies is a time-honored way to build your book of business.” Yet, she says,...

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Gold Poised To Surge During Next Crisis (gld)

From Keith Weiner: Last week, we discussed the tension between forces pushing the dollar up and down (measured in gold–you cannot measure the dollar in terms of its derivatives such as euro, pound, yen, and yuan). And we gave short shrift to...

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Yuan, Futures Jump On Report China Delegation Coming To Us To Discuss Trade

The Yuan is surging, alongside S&P futures, while the Japanese Yen has erased its gains and US Treasury futures are slumping on a Bloomberg report that China's Vice Commerce Minister, Wang Shouwen, will lead a delegation to the U.S. in late August,...
Related topics: China, Bloomberg

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Former Fed Economist Urges The World's Largest Pension Fund To Buy More Junk Bonds

The last time we looked at Japan's giant pension fund, the Government Pension Investment Fund (or GPIF) which is the largest in the world and manages 158.6 trillion yen ($1.43 trillion), we found a problem: according to the latest quarterly release,...
Related topics: Fed, Japan

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Middle-aged Man For Rent

He allows himself to be hired by anyone, for nearly any purpose — not involving physical contact — as long as they pay his hourly wage: a mere 1,000 yen (about US $9). And he loves it. And: With gray hair, visible lines on his face and...

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