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☆ Asia markets poised to mostly rise; Hong Kong set to fall in the wake of Evergrande liquidation order
▼ + stars: | 2024-01-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Yuichi Yamazaki | Afp | Getty ImagesAsia-Pacific markets are set to rise on Tuesday, with the exception of Hong Kong, as investors continue to grapple with the fallout from Evergrande's liquidation order. A Hong Kong court ruled to liquidate the firm, which was once considered one of China's largest real estate firms. This comes as Japan's unemployment rate in December fell to 2.4%, lower than 2.5% in the month before and slightly below expectations. Economists polled by Reuters expected the unemployment rate to stay unchanged at 2.5%. In Australia, the S&P/ASX 200 started the day up 0.46%, on pace for a seventh straight day of gains.

Persons: Yuichi Yamazaki Organizations: Afp, Getty, Hong, Futures, Nikkei, Reuters Locations: Tokyo, Asia, Pacific, Hong Kong, Chicago, Osaka, Australia

☆ Tokyo plan likened to putting skyscrapers in Central Park
▼ + stars: | 2023-04-29 | by ( ) www.cnbc.com time to read: +4 min

People protest against the Tokyo metropolitan governments redevelopment project for the Meiji Jingu Gaien district in Tokyo on February 12, 2023. "This is like building skyscrapers in the middle of Central Park in New York," Professor Mikiko Ishikawa told the Associated Press. She studied landscape architecture and Central Park's history and said the park was an inspiration for the Japanese – as were European designs – when Jingu Gaien was completed in 1926. "Jingu Gaien is a public place, and you should think of it as a commons," she said. Koike addressed Jingu Gaien several months ago at news conference.

☆ G7 nations considering near-total ban on exports to Russia -Kyodo
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +1 min

[1/2] British Foreign Secretary James Cleverly, German Foreign Minister Annalena Baerbock, US Secretary of State Antony Blinken, Japan's Foreign Minister Yoshimasa Hayashi, Canadian Foreign Minister Melanie Joly, French Foreign Minister Catherine Colonna, Italy's Foreign Minister Antonio Tajani, and Deputy Secretary-General of the European External Action Service (EEAS) Enrique Mora pose for photographs at the start of the fifth working session of a G7 Foreign Ministers' Meeting at the Prince Karuizawa hotel in Karuizawa on April 18, 2023. YUICHI YAMAZAKI/Pool via REUTERSTOKYO, April 21 (Reuters) - The Group of Seven (G7) countries are considering a near-total ban on exports to Russia, Kyodo news agency reported on Friday, citing Japanese government sources. Bloomberg news on Thursday also reported that the United States and Ukraine's allies were considering "an outright ban on most exports to Russia". That report said officials from G7 nations were discussing the idea before a summit meeting in Japan next month. "What is important for ending Russian aggression as soon as possible is that G7 remains united for severe sanctions against Russia and strong support for Ukraine," he told a press briefing.

Last month, he called on companies to hike pay at a level above inflation, with some already heeding the call. Last month, Japan recorded its biggest drop in earnings, once inflation is taken into account, in nearly a decade. A changing job marketExperts say Japan’s wages have also suffered because it lags in another metric: its productivity rate. Hideya Tokiyoshi, a teacher in Japan, told CNN he had barely seen his salary go up over the last 30 years. “If some of the biggest companies in Japan raise wages, many other firms will follow,” if only to stay competitive, said Yamaguchi.

☆ Bank of Japan showed no sign of making a hawkish shift in its January meeting
▼ + stars: | 2023-01-26 | by ( Jihye Lee | ) www.cnbc.com time to read: +3 min

Nationwide core inflation in Japan reached 4% in December, the highest annualized print since December 1981, according to data released last week. Yuichi Yamazaki | Afp | Getty ImagesThe Bank of Japan emphasized that it wants to maintain its current monetary policy, including leaving its yield curve control unchanged, according to the Summary of Opinions from its last meeting published Thursday. The "yield curve control" refers to a policy of the Japanese central bank that's designed to keep the 10-year yield on Japanese Government Bonds (JGBs) within 0.5 percentage points of zero. The central bank continued its operations to purchase Japanese government bonds in response to upward pressure on yields. I think a lot will depend on, for instance, the inflation data in the coming months," he told CNBC's "Street Signs Asia."

[1/2] U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida attend the Japan-U.S.-Australia-India Fellowship Founding Celebration event, in Tokyo, Japan, May 24, 2022. Kishida is in Washington as the last stop in a tour of countries of the G7 industrial powers. U.S. and Japanese foreign and defense ministers met on Wednesday and announced stepped-up security cooperation and the U.S. officials Tokyo's praised military buildup plans. He called the Japanese defense reforms "really, really significant." Reporting by David Brunnstrom and Michael Martina; Editing by Don Durfee and Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

☆ The Asian nation where 35% of people say they’ll 'never travel' again
▼ + stars: | 2022-12-19 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +7 min

Yet, no country came close to the travel reluctance shown in Japan, where some 35% of respondents said they don't intend to travel again. The survey asked about "any leisure travel" and did not differentiate between domestic or international travel plans, said Lindsey Roeschke, a travel and hospitality analyst at Morning Consult. The number of people who say they'll "never travel" again is nearly six times greater in Japan (35%) than in Germany (6%), according to Morning Consult's "The State of Travel & Hospitality" report. We expect to see a return to the pre-2020 demand for international travel sooner rather than later. The British artist known as Miles Takes told CNBC Travel that "international travel still seems a while away" for him.

TOKYO — Even as world leaders gathered in Tokyo for the funeral of assassinated former Japanese prime minister Shinzo Abe on Tuesday, there were protests against the lavish proceedings. But the state funeral for Japan’s longest-serving prime minister, who was shot and killed while campaigning in Nara on July 8, takes place in a country deeply divided over the former leader’s legacy. In that sense, I would like to once again offer my sincere condolences to former Prime Minister Abe, who was killed by a bullet,” its leader Kenta Izumi said Tuesday. The decision on whether to hold a state funeral is usually subject to parliamentary deliberation, which was not the case for Abe's service. Around 800 people protested the state funeral at a major train station on Monday evening, according to broadcaster NTV.

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