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TOKYO (AP) — The bid-rigging trial around the Tokyo Olympics played out Tuesday in a Japanese courtroom — more than two years after the Games closed — with advertising giant Dentsu and five other companies facing criminal charges. Executives or management-level officials at each of the accused companies, and Tokyo Olympic organizing committee official Yasuo Mori, have been charged with violating anti-monopoly laws. Speaking in Tokyo district court, he said no bid process was ever decided upon or set up by the Tokyo Olympic organizing committee. Once the Olympics landed in Tokyo, Dentsu became the chief marketing arm of the Games and raised a record $3.3 billion in local sponsorship. Takahashi was a member of the Tokyo Olympic organizing committee and wielded powerful influence over the Olympic business.
Persons: Koji Henmi, Yasuo Mori, Cerespo, Dentsu, Sebastian Coe, Thomas Bach, Genta Yoshino, Henmi, ” Yoshino, Yoshino, Yoshiro Mori, Toshiro Muto, Tsunekazu Takeda, Haruyuki Takahashi, Takahashi Organizations: TOKYO, Tokyo Olympics, Tokyo Olympic, Tokyu Agency, Olympic Committee, IOC, Bank of Japan, Tokyo, Japanese Olympic Committee, Tokyo Metropolitan Government, Olympic, Aoki Holdings, Paris Locations: Tokyo, Dentsu, Switzerland, Japan, Sapporo, French, Salt Lake City, Osaka, paris
Dollar eases as traders weigh rate cut prospects
  + stars: | 2023-12-01 | by ( ) www.cnbc.com   time to read: +3 min
Data on Thursday showed U.S. consumer spending rose moderately in October, while the annual increase in inflation was the smallest in more than 2-1/2 years. "It remains to be seen if getting from 3% to 2% will be easy, or if inflation will remain sticky in 2024." Federal Reserve policymakers signaled on Thursday that the U.S. central bank's interest rate hikes are likely over, but left the door open to further monetary policy tightening should progress on inflation stall. Investor focus will now move to comments from Fed Chair Jerome Powell later on Friday, with traders likely to scrutinize every word to sketch out rate outlook. The Australian dollar rose 0.20% to $0.662, while the New Zealand dollar rose 0.37% to $0.618.
Persons: Ryan Brandham, Jerome Powell, Powell, Carol Kong, Sterling, Toshiro Muto Organizations: Risk, Commonwealth Bank of Australia, Bank of Japan, New Zealand Locations: North America, U.S, Europe
The Bank of Japan left its monetary policy unchanged on Wednesday. The Japanese yen pushed higher against both the euro and U.S. dollar on Friday after a Nikkei report said Kazuo Ueda would be appointed as the Bank of Japan's next governor. Economist Ueda is a former member of the central bank's policy board. Kuroda has overseen the BOJ's policy of ultra-low interest rates while other major central banks have been hiking to tackle inflation. However, Muto added, he may not be a "super hawkish type" – so any "normalization" would take place very slowly.
The Fukushima Dai-ichi Nuclear Power plant after a massive earthquake and subsequent tsunami on March 14, 2011 in Futaba, Japan. DigitalGlobe | Getty ImagesA Japanese court on Wednesday found three former utility company executives not guilty of negligence over the 2011 Fukushima nuclear power plant disaster and the subsequent deaths of more than 40 elderly residents during their forced evacuation. watch nowThe acquittal disappointed and angered dozens of Fukushima residents and their supporters who attended the ruling or rallied outside the court. It's so irresponsible," said Yuichi Kaido, a lawyer representing the Fukushima residents. The Supreme Court in June, however, said the disaster was unforeseeable and dismissed compensation demands by thousands of residents.
Bank of Japan keeps yield control policy unchanged
  + stars: | 2023-01-18 | by ( ) www.reuters.com   time to read: +7 min
MARKET REACTION:The Japanese stock market cheered the BOJ's decision with the Nikkei share average (.N225) jumping more than 2% after the midday break. Therefore, among equities, we think Japanese financials sector will have a rerating of valuations over the next 3-6 months." That could escalate when the new governor of the bank will be announced and towards the policy meeting in March." MOH SIONG SIM, CURRENCY STRATEGIST, BANK OF SINGAPORE, SINGAPORE"The can has been kicked down the road and the attention will shift to the next meeting. CHARU CHANANA, MARKET STRATEGIST, SAXO MARKETS, SINGAPORE:"I think the speculations will still continue.
Wrongful judgment" after the The Tokyo High Court upheld a not guilty verdict for former Tokyo Electric Power Company (TEPCO) executives of negligence over the 2011 Fukushima nuclear power station disaster, in front of the court in Tokyo, Japan, January 18, 2023. REUTERS/Issei KatoTOKYO, Jan 18 (Reuters) - The Tokyo High Court on Wednesday upheld a not guilty criminal verdict by a lower court that cleared former Tokyo Electric Power Company (Tepco) (9501.T) executives of negligence over the 2011 Fukushima nuclear power station disaster. The ruling on Wednesday to uphold the not guilty verdict sits at odds with a separate civil case brought to the Tokyo court by Tepco shareholders, which found four former executives responsible for the 2011 nuclear disaster. Judges ordered the former executives to pay 13 trillion yen ($99.14 billion) in damages in the civil lawsuit. The court judged that the executives could have prevented the disaster if they had exercised due care.
At the time, Watters was best known for pulling off elaborately planned ambush interviews on "The O'Reilly Factor," then Fox News' top-rated show. When Grim picked his phone up and trained it again on Watters, the smile was gone from Watters' face. Watters on the set of his show "Jesse Watters Primetime." In early 2022, "Jesse Watters Primetime" debuted, airing right before "Hannity." Watters, whose entire career has been at Fox News, might be a safer bet, according to Muto, the former O'Reilly producer.
Persons: Jesse Watters, MSNBC's swank, Watters, O'Reilly, Ryan Grim, Amanda Terkel, Terkel, he'd, Grim, Drudge, Roger Ailes, Tucker Carlson's, Erik Wemple, Tucker Carlson, Carlson's, Carlson, who's, Donald Trump's, Don Jr, Eric, Julio Cortez, David Hockney, Rush Limbaugh, Ann Coulter, Limbaugh, Mueller, Jon Stewart, Tucker, it's, Wemple, Andrew Lawrence, Lawrence, " Watters, Joe Muto, Jesse, Muto, Clowning, irked O'Reilly, stoke —, Obama, Lefties, Al Qaeda's, Breitbart, Gretchen Carlson, Megyn Kelly, Bill O'Reilly, Spencer Platt, O'Reilly's, cohosts, Kimberly Guilfoyle, Greg Gutfeld, Juan Williams, Ivanka Trump, Emma DiGiovine, DiGiovine, John Lamparski, Hannity, Sean Hannity, Biden, doesn't, You've, we'll, Newt Gingrich, Watters nodded, Neil Cavuto, Chris Wallace, Mike Pence, Tom Brenner, Wallace, gunning, There's, Bill, Jack Newsham, Katherine Long Organizations: Fox News, DC, Huffington Post, Washington Post, Fox, MSNBC, The Washington Post, Better Homes, Gardens, America, East Coast, Quaker, Trinity, Trump National Golf Club, Republican, CNN, Media, Gawker, Ivy League, Fox Nation, stoke, CIA, Corp's, The New York Times, Democrat, Dominion Voting Systems, Daily, Trump, Reuters, OG Locations: O'Reilly's crosshairs, Washington ,, Virginia, Watters, Terkel's, East, St, Middletown , Rhode Island, Philadelphia, Long, Hartford , Connecticut, Bedminster , NJ, San Diego, An Alabama, Chinatown, Telluride, New York's Chinatown, York, New York, Los Angeles
Bank of Japan keeps ultra-low rates, dovish policy guidance
  + stars: | 2022-09-22 | by ( ) www.reuters.com   time to read: +11 min
Sept 22 (Reuters) - The Bank of Japan maintained ultra-low interest rates and dovish policy guidance on Thursday, reassuring markets that it will continue to swim against a global tide of central banks tightening monetary policy to combat soaring inflation. "However, we believe that the BOJ will never allocate monetary policy for the FX rate adjustment and will stick to the YCC policy. "The most important thing is how the foreign-exchange rate reacts to that contrast in monetary policy between the U.S. and Japan. It also leaves the impression there will be no change in monetary policy during Kuroda's remaining term." He has said lesser about any merit of the weak yen recently out of consideration towards public sentiment against rising costs of living."
Prim-ministrul japonez şi organizatorii Jocurilor Olimpice de la Tokyo, amânate anul trecut din cauza pandemiei de coronavirus, şi-au reafirmat, vineri, intenţia de a organiza competiţia în această vară, în ciuda informaţiilor conform cărora guvernul nipon ar fi renunţat deja în secret, informează AFP. "Sunt determinat" să găzduiesc Jocurile Olimpice sigure la Tokyo, ca un semn al "victoriei umanităţii asupra noului coronavirus", a declarat premierul Yoshihide Suga în cadrul unei şedinţe parlamentare, scrie agerpres.ro Într-un comunicat dat publicităţii, comitetul organizator Tokyo-2020 a reamintit totodată, vineri, că "este total concentrat" asupra pregătirilor pentru Jocurile Olimpice (23 iulie-8 august), la unison cu guvernul nipon şi cu oraşul Tokyo, Comitetul Internaţional Olimpic (CIO) şi Comitetul Internaţional Paralimpic (CIP).Conform jurnalului britanic The Times, care a citat, joi, o sursă din cadrul coaliţiei aflate la putere în Japonia, guvernul ar fi decis deja în secret că Jocurile Olimpice sunt imposibil de organizat anul acesta, ţinând cont de recrudescenţa cazurilor de coronavirus, inclusiv în Japonia.Pentru a-şi salva însă imaginea, guvernul ar căuta să se asigure în prealabil că Tokyo va organiza Olimpiada din 2032, viitoarea ediţie disponibilă după cele de la Paris-2024 şi Los Angeles-2028, conform aceleiaşi publicaţii.Însă purtătorul de cuvânt adjunct al guvernului Japoniei, Manabu Sakai, a afirmat că "nimic nu este adevărat'' în articolul publicat de Times, iar preşedintele Comitetului olimpic australian, Matt Carroll, a calificat drept "zvon nefondat" informaţia conform privind anularea JO de la Tokyo. "Vor fi Jocuri foarte diferite, axate în mod special pe sportivi şi competiţiile lor", a spus Carroll.Preşedintele Comitetului Internaţional Olimpic (CIO), Thomas Bach, s-a declarat convins, joi, că Jocurile Olimpice de la Tokyo vor avea loc în această vară, adăugând totodată că "nu există un plan B". "Nu avem în acest moment niciun motiv să credem că Jocurile Olimpice de la Tokyo nu se vor deschide pe 23 iulie pe Stadionul Olimpic din Tokyo", a spus Bach într-un interviu acordat agenţiei nipone Kyodo, cu şase luni înaintea JO. "De aceea nu există un plan B şi de aceea suntem total angajaţi să facem din aceste Jocuri unele sigure şi reuşite", a mai spus preşedintele forului internaţional.Marţi, directorul general al Comitetului de organizare, Toshiro Muto, a afirmat, la rândul său, că responsabilii Tokyo-2020 sunt "inflexibili" în privinţa desfăşurării Jocurilor Olimpice în această vară, nefiind luată în calcul nicio altă variantă.Acesta nu a exclus, însă, posibilitatea ca Jocurile să poată avea loc eventual fără spectatori, în condiţiile în care pandemia de coronavirus continuă să facă ravagii în întreaga lume, inclusiv în Japonia.Cu circa şase luni înaintea ceremoniei de deschidere, spectrul anulării JO a luat amploare în ultimele săptămâni, după ce autorităţile japoneze au impus starea de urgenţă în mai multe regiuni ale ţării, inclusiv la Tokyo şi în zonele adiacente, la fel ca în primăvara lui 2020, atunci când s-a decis de comun acord cu Comitetul Internaţional Olimpic amânarea cu un an a competiţiei.Îngrijoraţi că marele eveniment sportiv ar putea agrava şi mai mult răspândirea locală a virusului, peste 80% dintre japonezi sunt în continuare foarte reticenţi în privinţa organizării JO în acest an, preferând fie o nouă amânare, fie o anulare pur şi simplu, potrivit unui sondaj recent.Taro Kono, un ministru important al guvernului nipon, a recunoscut săptămâna trecută că nimic nu trebuie să fie exclus în privinţa Jocurilor Olimpice.În Japonia, campania de vaccinare va debuta la sfârşitul lunii februarie, însă va fi extinsă la întreaga populaţie abia în luna mai, conform presei locale.Toshiro Muto a repetat, totodată, că organizatorii japonezi şi responsabilii CIO "nu au evocat posibilitatea" de a impune obligativitatea vaccinării pentru sportivii care vor lua parte la Jocurile Olimpice sau pentru spectatori, în cazul în care accesul acestora va fi autorizat.
Persons: Japonia.Pentru, Manabu, Matt Carroll, Thomas Bach, Bach Organizations: japonez, Comitetul Internaţional Olimpic, CIO, Times, Olimpic Locations: Tokyo, Japonia, Paris, Los Angeles, Japoniei, australian, agenţiei, nipon
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