Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Kentaro Takahashi"


7 mentions found


Japan's yen hits 34-year-low, heating talk of intervention
  + stars: | 2024-03-27 | by ( Sophie Kiderlin | In | ) www.cnbc.com   time to read: +3 min
Japanese 1,000 yen, 5,000 yen and 10,000 yen banknotes arranged in Kyoto, Japan, on Thursday, Nov. 2, 2023. The contradictions in Japan's efforts to protect the yen while slowing the pace of rising bond yields are becoming increasingly clear in currency and debt markets. The yen was last at 151.22 against the dollar at 10:19 a.m. London time after paring back some losses. The yen hit a 34-year-low on Wednesday, weakening as much as 151.97 against the U.S. dollar and fueling market questions over potential government intervention to prop the Japanese currency. "There is now a higher chance of Japanese FX intervention.
Persons: Kentaro Takahashi, Shunichi Suzuki, Masato Kanda, Kanda Organizations: Bloomberg, Getty, U.S ., Bank of Japan, Financial Services Agency, Reuters, FX, Commonwealth Bank of Australia, Bank of America Global Research Locations: Kyoto, Japan, London
Panasonic puts productivity boost ahead of new EV plant in U.S.
  + stars: | 2024-01-22 | by ( ) www.cnbc.com   time to read: +3 min
The Panasonic Energy Co. headquarters in Moriguchi, Osaka Prefecture, Japan, on Thursday, Jan. 11, 2024. The battery unit, Panasonic Energy, had previously said it aimed to decide on building the factory by the end of March. Panasonic Energy has a plant in Nevada and has broken ground on a second one in Kansas. The unit expects the Kansas plant to take its annual auto battery capacity to 80 gigawatt hours, or GWh, a year. Given the human resources requirements of a new plant, Kusumi said it was generally better to have fewer production sites.
Persons: Kentaro Takahashi, Yuki Kusumi, Kusumi Organizations: Panasonic Energy Co, Panasonic, EV, Bloomberg, Getty, Panasonic Energy, EVs, General Motors, Ford, U.S Locations: Moriguchi, Osaka Prefecture, Japan, North America, Tokyo, United States, Nevada, Kansas, Oklahoma, Europe
SoftBank was WeWork’s biggest backer since it started investing in 2017. Photo: Kentaro Takahashi/Bloomberg NewsTOKYO— SoftBank Group sank deeper into the red in the July-September period as it reported write-downs related to the bankruptcy of office-sharing company WeWork and technology shares stayed under pressure amid rising interest rates in the U.S. The Japanese technology investor posted a net loss of 931.1 billion yen, equivalent to $6.2 billion, for the quarter ended Sept. 30. That is compared with a 477.6 billion yen loss in the April-June quarter and 3.034 trillion yen profit a year earlier, when it unwound its stake in Alibaba Group Holding .
Persons: SoftBank, Kentaro Takahashi Organizations: Bloomberg News TOKYO — SoftBank, U.S, Alibaba
SoftBank has been WeWork’s biggest backer since it started investing in 2017. Photo: Kentaro Takahashi/Bloomberg NewsTOKYO— SoftBank Group sank deeper into the red in the July-September period as its technology investments struggled and losses piled up from the collapse of office-sharing company WeWork. SoftBank holds a majority stake in WeWork , which earlier this week filed for chapter 11 protection in the U.S. due to weakness in the office market. The Japanese investment company’s cumulative losses in WeWork total $14.3 billion.
Persons: SoftBank, Kentaro Takahashi Organizations: Bloomberg News TOKYO — SoftBank Locations: WeWork, U.S
Pedestrians cross an intersection in the Shibuya district of Tokyo, Japan, on Tuesday, April 25, 2023. Photographer: Kentaro Takahashi/Bloomberg via Getty ImagesAsia-Pacific markets largely climbed in the final trading day of the week, mirroring moves on Wall Street. This comes as traders assess to key economic data out of Japan, including the September inflation rate for Tokyo. The core inflation rate, which strips out prices of fresh food, came in at 2.5%, lower than the 2.6% expected by a Reuters poll. Japan also saw unemployment, industrial output and retail sales data for August.
Persons: Kentaro Takahashi Organizations: Bloomberg, Getty Images Locations: Shibuya, Tokyo, Japan, Getty Images Asia, Pacific
Photographer: Kentaro Takahashi/Bloomberg via Getty ImagesAsia-Pacific markets are set for a mixed open on Tuesday ahead of key economic data out from Japan and China. Japan will release its second quarter gross domestic product, while China will see its industrial output and retail sales figures for July. Expectations from economists polled by Reuters were Japan's economy will grow 0.8% on a quarter on quarter basis and 3.1% on an annualized basis. Futures for Hong Kong's Hang Seng index stood at 18,680, pointing to a weaker open compared to the HSI's close of 18,773.55. Hong Kong looks set to extend losses for a third straight day, after the HSI slid 1.58% on Monday.
Persons: Kentaro Takahashi, HSI Organizations: Bloomberg, Getty Images, Japan's Nikkei, Reuters, Reserve Bank Locations: Shibuya, Tokyo, Japan, Getty Images Asia, Pacific, China, Chicago, Osaka, Hong Kong, Australia
Tokyo, Japan CNN —Move over, boomers and older millennials – Japan’s young people are stepping into office. Most members of Japan’s parliament are aged 50 to 70 – and are 75% male, according to data from the Inter-Parliamentary Union. Making headlines is Ryosuke Takashima who, at 26 years old, is Japan’s youngest-ever mayor, according to Japanese public broadcaster NHK. Shin the Hiratsuka YouTuber, who was elected to the Hiratsuka city council. Ayaka Nasuno, 25, is another Gen Z politician making her debut after winning the highest share of votes for the Kawasaki City Council earlier this month.
Total: 7