Yen

Yen Strengthens After Boj Tapers Jgb Purchases To 5-year Lows

For the first time since July, The Bank of Japan tapered its 10-to-25-year JGB purchases by 20 billion yen at Tuesday's regular operation. BoJ purchased 180 billion yen of 10-25 year bonds vs 200b yen on Feb. 4. The last taper was in July 2018 and...
Related topics: Banking, Japan

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Swiss Franc Flash Crashes

One month after various Yen, Lira and Pound cross flash-crashed in the aftermath of Apple's shocking guidance cut, moments ago the Swiss franc was the latest currency to flash crash when the haven currency sold off sharply against dollar and yen and...
Related topics: Swiss Franc, Apple (AAPL)

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Toyota's Profit Growth Stalls As Rising Costs Offset Gains

Toyota Motor Corporation (NYSE: TM) said that its operating profit in the quarter that ended on Dec. 31 was roughly flat versus the year-ago period, at 676.1 billion yen ($6.13 billion), as higher costs offset gains from strong Lexus sales and...
Related topics: Toyota, US Equity Markets

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Sony's Biggest Growth Engine Is Running Out Of Steam

Shares of Sony (NYSE: SNE) tumbled on Feb. 4 after the Japanese conglomerate posted mixed third-quarter numbers. Its revenue fell 10% year over year to 2.4 trillion yen ($21.3 billion), missing estimates by 270 billion yen ($2.5 billion). Its net...
Related topics: US Equity Markets

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Bloomberg Sees Ph As Asia’s Turnaround Story In 2019

By Yen MakabentaJan 17 2019 (Manila Times)The new year as a season of possibility is looking better and better for the Philippines.Better than the SWS surveys that said that most Filipinos are looking at 2019 with optimism, and that more Filipinos...
Related topics: Bloomberg, Philippines, Manila

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Russian Prime Minister Reveals What Forced Moscow To Turn Its Back On Dollar

According to a fresh report published on the Russian Central Bank’s official website, Russia more than halved its share of US dollar-denominated reserves during the first months of 2018, favouring assets in the Chinese yuan, Japanese yen, pound...
Related topics: Russia, Moscow

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Russia De-dollarizes Deeper: Shifts $100 Billion To Yuan, Yen, And Euro

Authored by Mac Slavo via SHTFplan.com, Russia is continuing to ramp up its efforts to move away from the American dollar.  The country just shifted $100 billion of its reserves to the yuan, the yen, and the euro in their ongoing effort to ditch...
Related topics: Russia

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Japan Labour Data 'incorrectly Collected Since 2004'

Japan may have underpaid billions of yen in unemployment benefits after it emerged that the government has been incorrectly collecting labour market data for as long as 15 years.
Related topics: Japan, Unemployment

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Ditching Dollars: Russia Boosts Yuan, Euro, Yen Shares In Its Reserves

The developments come after Russia signalled its readiness to reduce its dependence on the dollar, stressing that it does not plan to restrict transactions using the US currency. Moscow said that the goal of de-dollarization is to improve the health...
Related topics: Russia, Moscow

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Softbank Slashes Wework Investment Plans Amid "need For More Caution"

With WeWork's USD bonds (10.5%) yielding more than Argentina's USD bonds (9.71%), it is perhaps no wonder that Softbank - the massive Japanese tech firm, formerly willing to invest in anything with a pulse to get yen out of Japan - has dramatically...
Related topics: Argentina, Japan

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Most Expensive Tuna Ever Sold Fetches $3.1 Million At Tokyo Auction

As per the traditions of a popular Tokyo fish market, fishmongers every year gather to try and outbid one another for the first Bluefin Tuna of the year. This year, the catch fetched a record-breaking sum of $3.1 million, or 333.6 million...
Related topics: Japan, Tokyo

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Ex-nissan Executive Released On Bail, Ghosn Remains In Jail. Rift In Nissan-renault Alliance

The Tokyo District Court said it had approved a request by lawyers for Greg Kelly and set bail for his release at 70 million yen ($635,000), which he paid in cash. Prosecutors appealed the decision, but the court turned them down, paving the way for...
Related topics: Japan, Tokyo

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Dollar Hits Four-month Low Against Japanese Yen

From Anneken Tappe: The U.S. dollar edged lower on Monday, in the past week of 2018 trading, as the U.S. government is partially shut and the greenback is recovering from last week’s Federal Reserve interest-raise increase. With no apparent...
Related topics: Fed

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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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