Fukuoka prefecture subsidy to parliamentary leagues draws scrutiny after 30-year practice Fukuoka prefecture allocated up to Â¥12 million a year to subsidize parliamentary leagues’ travel and activities, a practice in …
Yen
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Business
U.S. Treasury announces first joint yen intervention in 15 years, doubles long-dated buybacks
by Sato Asahiby Sato AsahiU.S.-Japan yen intervention: Treasury joins Tokyo in first joint yen buying in 15 years as bond buybacks expand U.S. Treasury joins Japan in a coordinated yen intervention and doubles long-term …
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Yen Falls Past 160 as Warsh’s Jackson Hole Remarks Spur Dollar Strength Japan’s yen tumbled past the 160-per-dollar mark after Federal Reserve chair Kevin Warsh signaled openness to further rate …
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Business
Japan spends record 15.39 trillion yen in largest single currency intervention
by Sato Asahiby Sato AsahiJapan’s Finance Ministry Spends Record Â¥15.39 Trillion in Latest Yen Intervention Japan’s Finance Ministry spent a record Â¥15.39 trillion ($96.5bn) between July 30 and Aug. 26 in a yen intervention, …
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Business
Bank of Japan Deputy Governor Warns Inflation Risk From Middle East, AI, Weaker Yen
by Sato Asahiby Sato AsahiBank of Japan Deputy Governor Warns Inflation Risks as Markets Price Possible September Rate Hike Bank of Japan deputy governor warns inflation risk from Middle East conflict, AI investment and …
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Business
Yen Slide Prompts U.S. and Japan to Announce Joint Stabilization Effort
by Sato Asahiby Sato AsahiU.S.-Japan Action Halts Yen Slide but Raises Questions for Asian Currencies A coordinated U.S.-Japan move to stabilize the yen arrested a sharp yen slide, but regional currency weakness and spillovers …
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Business
Japan chip investment hits 6 trillion yen as TSMC, Sony announce plant
by Sato Asahiby Sato AsahiJapan chip investment climbs to 6 trillion yen after Sony and TSMC announce image sensor plant Japan chip investment climbs to 6 trillion yen as Sony and TSMC announce an …
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Business
Weak yen boosts Toyota, Sony and Muji full-year profit forecasts
by Sato Asahiby Sato AsahiWeak yen lifts profits as Toyota, Sony and Muji raise forecasts Toyota, Sony and Muji among Japanese multinationals lifting profit forecasts as the weak yen boosts export earnings and shifts …
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Business
Yen weakens as Japan and US central bank intervention fails to restore confidence
by Sato Asahiby Sato AsahiYen Intervention Falls Short as Markets Question Tokyo’s Economic Agenda Japan-U.S. yen intervention failed to halt declines as investors lose faith in Tokyo’s fiscal and monetary plans, keeping the currency …
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Yen near 157 as markets weigh prospects of further U.S.-Japan intervention Yen holds near 157 per dollar as traders weigh U.S.-Japan intervention and rate gaps; markets remain cautious on whether …