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Japan for Kids: Pikachu Is Just the Start
  + stars: | 2024-07-25 | by ( David Lahuta | ) www.nytimes.com   time to read: 1 min
Japanese cities like Tokyo and Kyoto, are traditionally known for shrines, temples and historic cultural sites. But as the birthplace of anime, manga and, of course, Pokémon, Japan is also a pop culture powerhouse and a hotbed of kid-friendly activities, from practicing ninja skills to spending time with Snorlax. For a family trip, “the beauty of Japan is you can walk five steps and easily attract the attention of a child,” said Ramesh Krishan, who goes by the name RamKy and whose company, Japan Unfiltered, specializes in candid tours of Tokyo, Mount Fuji and other destinations. “It could be a capsule toy-dispensing machine, a karaoke bar with interesting desserts on display, or even the peppy music heard playing inside train stations.”Here are six stops on a family-oriented tour of the country’s most-visited cities.
Persons: , Ramesh Krishan Organizations: Mount Fuji Locations: Tokyo, Kyoto, Pokémon, Japan
Grace, a 29-year-old publicist in New York, has regularly used a slew of dating apps for more than four years, with little luck. Among millions, a consensus is forming: Dating apps suck so bad that they might even be deliberately keeping us from finding love. In Tokyo, the city government is even releasing its own dating app, part of a campaign called Tokyo Futari Story ("futari" means couple). Bouke de Vries, an associate professor of philosophy at Ghent University in Belgium who's studied dating apps, argues that state-run dating apps are at least in theory better positioned to help people find partners without spending too much money or time in the process. Last year, Japan's most popular dating app, the Match Group-owned Pairs, began collaborating with several prefectures and cities.
Persons: Grace, She's, it's, who'd, Tinder, Damona Hoffman, Bianca Stelian, Ryan Clarkson, , They've, Ali Jackson, Bouke de, cupid, Bouke de Vries, Belgium who's, de Vries, Omar Minami, Cheryl Drury, They're, Francesca Katayama, Junko Yamada, Yamada, Elon Musk, I'm, Justin Garcia, Garcia, what's, there's, Eric Adams, Adams, Eve Organizations: Raya, Forbes, League, Match, Children, Families Agency, Ghent University, Government, National, Insurance, Rissho University, Department of Health, Human Services, Conservatives, Trump, PAC, Indiana University, Kinsey Institute, Match Group, Republican, Kinsey, New, New York City — Locations: New York, New York City, Japan, Australia, America, Saitama, Tokyo, Bouke de Vries, Belgium, Singapore
Yen rises as carry trades unwind, risk sentiment takes a hit
  + stars: | 2024-07-25 | by ( ) www.cnbc.com   time to read: +2 min
The yen drew support from unwinding carry trades on Thursday ahead of next week's Bank of Japan (BOJ) policy meeting and as a rotation out of megacap growth stocks dampened risk appetite broadly and provided some safe haven bids. "It's also the fact that risk sentiment is deteriorating, and that's helped (the yen) as well... You've got unwind in the tech trade, you've got unwind in the carry yen trade...you've got the Nikkei, as well, unwinding." Japanese Finance Minister Shunichi Suzuki and top currency diplomat Masato Kanda both refrained from commenting on the yen's recent sharp rise. The New Zealand dollar similarly fell 0.24% to $0.5915.
Persons: Tony Sycamore, It's, that's, You've, you've, Shunichi Suzuki, Masato Kanda, Sterling Organizations: week's Bank of Japan, New, Reuters, IG, Nikkei, Japanese Finance, PMI, Traders, Federal, Australian, New Zealand Locations: New Zealand, U.S, Down
The flag of Japan flutters at the Bank of Japan headquarters in Tokyo on Dec. 19, 2023. The Bank of Japan is likely to debate whether to raise interest rates when it meets next week and unveil a plan to roughly halve bond purchases in coming years, sources said, signaling its resolve to steadily unwind its massive monetary stimulus. "The decision will be a close call and a hard one to make," given uncertainty over the consumption outlook, one of the sources said. "It's really a judgment call, in terms of whether to act now or later this year," another person said. While the nine-member board broadly agrees on the need for a near-term rate hike, there is no consensus on whether it should happen next week or later in the year, they said.
Organizations: Bank of Japan, The Bank of, Reuters Locations: Japan, Tokyo, The Bank of Japan
Two Chinese and two Russian long-range bombers were tracked flying over international waters near Alaska and U.S. and Canadian fighter jets were sent up in response, their joint aerospace command said. The Chinese and Russian military activity Wednesday was not seen as a threat, the North American Aerospace Defense Command, known as NORAD, said. China and Russia confirmed Thursday that they had conducted a joint air patrol over the Bering Sea, which divides Russia and Alaska. Russian fighter jets and strategic bombers were joined by Chinese strategic bombers in the exercises, which lasted more than five hours, the ministry said. A photo released by the Russian Defense Ministry showed a Russian Su-30 fighter jet escorting a Chinese bomber.
Persons: Vladimir Putin, Xi Jinping, Zhang Xiaogang, Zhang Organizations: Sputnik, of, North American Aerospace Defense Command, NORAD, Russian Defense Ministry, China's Defense Ministry, North American U.S . Air Defense, Japan's Defense Ministry, Coast Guard Locations: Russian, Tiananmen, Beijing, Alaska, U.S, Canadian, China, Russia, Bering, North America, Pacific, Chukchi, Bering Strait, Japan, Korea
Dollar firms as commodities slide and carry unwinds
  + stars: | 2024-07-24 | by ( ) www.cnbc.com   time to read: +3 min
Purchasing managers' index figures will be particularly watched in Europe later in the session to see whether they support bets on two European rate cuts by the end of January. The euro held at $1.0848 in Asia trade and sterling , which could rally if PMIs in Britain surprise to the upside and reduce bets on rate cuts, bought $1.2901. Moves in other pairs were even larger, with the euro dropping 1.3% on the yen overnight and hitting a five-week low of 168.79 yen in Asia. Mexico's high-yielding peso dropped 2% on the yen overnight and the Australian dollar is down almost 6% on the yen in two weeks. The Canadian dollar made a six-week low of C$1.3787 per dollar ahead of a central bank meeting later on Wednesday where markets have priced an 84% chance of a 25 basis point rate cut.
Persons: Jason Wong Organizations: Bank of Japan, U.S ., New Zealand Locations: Europe, Asia, Britain, Japan, Wellington, New Zealand, Australia
Traditional Chinese is a written form of Chinese used in Taiwan and Hong Kong. Both locations are key business hubs for technology and finance — a factor that attracted DeepL to launch its latest language in those markets. DeepL, one of Europe's high-profile AI companies valued at $2 billion , sells translation software aimed at businesses rather than everyday consumers. German artificial intelligence translation startup DeepL on Wednesday launched traditional Chinese as a language option as it looks to expand its presence in Asia. With the launch of traditional Chinese, the firm is looking to help some of its international customers more effectively communicate with clients or employees in Taiwan or Hong Kong.
Persons: DeepL, Kutylowski, Mark Zuckerberg's Organizations: Wednesday, CNBC, Google, Microsoft, Ventures Locations: Taiwan, Hong Kong, Asia, The Cologne, Germany, Japan, Korea
Foreign and defense ministers from Japan and the United States will hold security talks on July 28 that for the first time will cover "extended deterrence", a term used to describe the U.S. commitment to use its nuclear forces to deter attacks on allies. Foreign and defense ministers from Japan and the United States will hold security talks on July 28 that for the first time will cover "extended deterrence," a term used to describe the U.S. commitment to use its nuclear forces to deter attacks on allies. U.S. Defense Secretary Lloyd Austin will also hold three-way talks with his counterparts from Japan and South Korea. The security talks with Japan will also include efforts to deepen cooperation between defense industries and upgrade command structures to improve coordination between their militaries . "These historic 2+2 talks will cement our shift from a focus on Alliance protection to one of Alliance projection," U.S. ambassador to Japan Rahm Emanuel said.
Persons: Pacific Affairs Daniel Kritenbrink, we're, Antony Blinken, Lloyd Austin, Rahm Emanuel Organizations: U.S ., U.S, State, East, Pacific Affairs, U.S . Defense, Japan, United States, Alliance, East Asia, Self Defense Forces Locations: Japan, United States, Washington, Tokyo, U.S, China, Russia, North Korea, East Asia, South Korea, Pacific, Asia
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Bank of Japan is unlikely to hike rates next week, StanChart saysSteven Englander of the bank discusses the outlook for interest rates in Japan and the United States.
Persons: StanChart, Steven Englander Organizations: of Locations: of Japan, Japan, United States
Japan’s Olympic gymnastics team will head into the Paris Games this week without its captain, Shoko Miyata, after she withdrew from the team following an investigation that found she had violated the squad’s code of conduct by smoking and drinking alcohol. In a news conference last week, officials with the Japan Gymnastics Association, which conducted the investigation, announced Ms. Miyata’s withdrawal from the Olympics, saying that “both parties discussed the matter” and that Ms. Miyata had decided not to compete. The Japan Gymnastics Association’s code of conduct forbids drinking or smoking while in official team programs, regardless of age. The legal age for drinking and smoking in Japan is 20; Ms. Miyata is 19. Ms. Miyata allegedly violated the code of conduct on two occasions; once in a private residence in Tokyo, and again in a classroom of the Athlete’s Village of Japan’s National Training Center, according to gymnastics officials.
Persons: Shoko Miyata, , Miyata Organizations: Paris Games, Japan Gymnastics Association, Japan, National Training Center Locations: Japan, Tokyo, Athlete’s
CNN —Veteran environmentalist Paul Watson was arrested in Greenland on Sunday and faces possible extradition to Japan allegedly over anti-whaling activities in the Antarctic years ago, his organization said in a statement. The ship John Paul DeJoria and a 25-member crew were en route from Dublin, Ireland to the North Pacific to intercept Japan’s newly launched $48 million factory whaling ship the Kangei Maru, CPWF said. In a statement, Greenland police said they arrested Watson upon his arrival in Nuuk due to a Japanese arrest warrant. His foundation believes the arrest “is connected to a previous Red Notice issued for Watson’s anti-whaling activities in the Antarctic.”“This development comes as a surprise since the Foundation’s lawyers had reported that the Red Notice had been withdrawn. “Japan has never given up on its whaling ambitions,” Watson told CNN at the time.
Persons: Paul Watson, Captain Paul Watson, John Paul DeJoria, CPWF, , cuffing Paul Watson, Locky MacLean, Watson, Captain Watson, Kaisha, Shepherd, Kyodo Senpaku, , ” Watson, Takaaki Sakamoto, Hideki Tokoro, ” Tokoro Organizations: CNN —, Captain Paul Watson Foundation, Greenland police, ” Ship, Police, Japan Coast Guard, CNN, Interpol, Greenpeace, Shepherd Conservation Society, Japan’s Institute of Cetacean Research, Kyodo, Whaling Affairs, Japan’s Fisheries Agency, Kangei, Commission, IWC Locations: Greenland, Japan, Nuuk, Dublin, Ireland, Pacific, Shepherd, Germany, Costa Rica, Guatemala, United States, Australia, Norway, Iceland, Kangei
CNN —Shoko Miyata, the captain of Japan’s women’s gymnastics team, has withdrawn from Paris 2024 after allegedly breaking the team’s code of conduct by smoking and drinking alcohol, according to the Japanese Gymnastics Association (JGA). The legal smoking and drinking age in Japan is 20 and the JGA’s code of conduct prohibits gymnasts from doing either during team activities, regardless of age. Nishimura said that one incident of smoking took place “in a private place at a certain location in Tokyo” and a separate incident of drinking took place “in a room in the Athlete Village of the National Training Center.”“She engaged in smoking and drinking due to numerous pressures from the competitive targets that had been set,” Nishimura added. Miyata, who won bronze on the balance beam at the 2022 World Artistic Gymnastics Championships, was due to captain Japan’s women’s team of debut Olympians. The country’s women’s team is trying to win its first team medal since the 1964 Tokyo Games.
Persons: Shoko Miyata, Japan’s, Miyata, , Kenji Nishimura, Nishimura, ” Nishimura, Japan’s women’s, Tadashi Fujita, It’s Organizations: CNN, Japanese Gymnastics Association, National Training Center, Gymnastics Association Locations: Japan, Tokyo
Here I am at an event about longevity at my local library, practicing Chado, the traditional Japanese tea ceremony for preparing matcha. Here are the eight foods I always keep in my kitchen and eat every day to live a longer and happier life. Since I was in high school, I have practiced Chado, the traditional Japanese tea ceremony for preparing green tea. For example, I'll throw kombu seaweed into miso soup with some dried mushrooms, or make a salad with seaweeds like wakame and hijiki. I use dried shiitake for overnight dashi (soup stock) with kombu seaweed, miso soup, dressings, vinegar, curry — basically everything.
Persons: Chado, Michiko, Michiko Tomioka, I'm, It's, Ginger Locations: Nara, Japan, New York, hummus
While the triggers for stock market crashes vary, the ultimate outcome is always the same: the market recovers. Here's a summary of eight of the most notable stock market crashes in history, their causes, and their fallout. Stock market crash FAQWhat happens when a stock market crashes? Numerous things can cause a stock market to crash, including:PanicNatural or man-made disastersEconomic crisesSpeculationCan a stock market crash be prevented? Unlike a bear market, stock market corrections are often short and usually work themselves out.
Persons: It's, Terry Marsh, Here's, Stocks, Carola Frydman, J.P, Morgan, , Blair Hull, Alan Greenspan, Marc Chandler, Marsh, weren't, Tyler Muir, Thai bhat, Paula Bronstein, Stringer, Chandler, chipmaker, WebVan.com, Muir, The, Lehman Brothers, NICHOLAS ROBERTS, homebuyers, Bear, Lehman, Fannie Mae, Freddie Mac, Dodd, Frank Wall, Europe —, Italy — Organizations: Federal Reserve System, SEC, FDIC, Haas School of Business, University of California, Federal Reserve, United Copper Company, UCC, Kellogg School of Management, Northwestern University, Federal, System, Dow Jones, Gross, Federal Deposit Insurance Corporation, Securities and Exchange Commission, Dow, Nasdaq, Chicago, Black, Bannockburn Global Forex, UCLA Anderson School of Management, Getty, Asia, International Monetary Fund, chipmaker Qualcomm, The Sarbanes, Oxley, Investors, Financial, Bear Stearns, Lehman Brothers, Nikkei, US, Asset, Frank Wall Street Reform, Consumer, Consumer Financial, Dow Jones Industrial, Center, Budget, Stock, Corrections Locations: University of California Berkeley, AFP, Iran, Bannockburn, Japan, Thai, Asia, Thailand, Malaysia, Indonesia, South Korea, COVID, China, Europe, Italy, Chevron
The dollar was steady and poised to snap a two-week losing run on Friday as U.S. labour and manufacturing data kept traders pondering on when and by how much the Federal Reserve would cut rates this year. The dollar was steady and poised to snap a two-week losing run on Friday as U.S. labor and manufacturing data kept traders pondering on when and by how much the Federal Reserve would cut rates this year. The Federal Reserve is scheduled to meet at the end of July where markets anticipate a very low chance of the central bank cutting rates. Ryan Brandham, head of global capital markets for North America at Validus Risk Management, said the U.S. economy is getting closer to where a rate cut may be appropriate. In other currencies, the Australian dollar eased 0.11% to $0.66985, while the New Zealand dollar was 0.22% lower at $0.6032.
Persons: Ryan Brandham, Mary Daly, Daly, recouping, Sterling Organizations: Federal Reserve, Bank of Japan, Traders, U.S, Federal, North America, Validus Risk, Fed, Federal Reserve Bank of San Francisco, Dallas Fed, European Central Bank, ECB, Bank of England, New Zealand Locations: Tokyo, Japan, U.S, Britain
Yen spikes as spectre of intervention spooks investors
  + stars: | 2024-07-18 | by ( ) www.cnbc.com   time to read: +2 min
Japan's yen scaled a six-week high on Thursday, spurring speculation of an official push, while the dollar nursed broad losses as markets prepared for U.S. rate cuts in a few months. Japan's yen scaled a six-week high on Thursday, spurring speculation of an official push, while the dollar nursed broad losses as markets prepared for U.S. rate cuts in a few months. "Many traders and Japanese investors, after intervention, were looking to reload on their trades," said National Australia Bank strategist Rodrigo Catril in Sydney. Interest rate markets are pricing more than 60 basis points of U.S. interest rate cuts this year and some 20 basis points of hikes in Japan, narrowing the wide rates gap that had encouraged investors taking on large short positions in the yen. So far this year the yen is the worst-performing G10 currency on the dollar, losing more than 9%, while the yuan is down about 2.2%.
Persons: Rodrigo Catril, Donald Trump — Organizations: . Bank of, National Australia Bank, Bloomberg Businessweek Locations: Asia, . Bank of Japan, Sydney, Japan, Beijing
Tokyo CNN —America’s two most powerful allies in the Pacific are taking their defense ties to new heights amid increasing concerns over China’s assertiveness in the region and North Korean threats, Japan’s top general said Thursday. Yoshida called on Japan, South Korea and the United States to “demonstrate our strong unity domestically and globally to ensure regional peace and stability.”But bilateral cooperation between Japan and South Korea is the most noteworthy result of this week’s meeting in Tokyo. Kim said he and Yoshida “share a lot of the same thoughts,” an acknowledgment of the mutual perspective on the regional threat posed by China and North Korea. Last month, Japan and South Korea joined the US in the inaugural Freedom Edge in the Pacific, a military exercise that focused on ballistic missile and air defense, anti-submarine warfare and more. “Domestic politics remain complicated in Seoul and Tokyo, but policymakers and military professionals want to lock in coordinated responses to North Korea, Russia, and China before any major political changes occur in Washington,” Easley said.
Persons: Tokyo CNN —, China’s, CQ, Kim Myung, Yoshihide Yoshida, , Yoshida, South Korea’s Kim, Kim, Yoshida “, James Brown, Yoon Suk Yeol, Moon Jae, Brown, they’ve, Japan ”, Joe Biden’s, Biden, Joe Biden, Fumio Kishida, Camp David, Andrew Harnik, Lloyd Austin, , ” Leif, Eric Easley, ” Easley Organizations: Tokyo CNN, Joint Chiefs, CQ Brown, South, East, , Temple University, Tokyo ., Japan's, Camp, US, Korean, Japanese Defense Ministry, NATO, CNN, Ewha Womans University Locations: China, East China, South China, North Korea, , Russia, Japan, South Korea, United States, Tokyo, South, Seoul, Pacific, Camp, Singapore, Washington, Europe
Read previewHugo Boss, Burberry, Richemont, and Swatch have all called out slumping sales in China this week as consumers cut back on luxury spending. Swiss watch group Swatch said it expects the Chinese market "to remain challenging for the entire luxury goods industry until the end of the year." But much of this spending has been overseas, and sales in China have fallen for some of the world's biggest luxury brands. AdvertisementBefore the pandemic, about two-thirds of Chinese luxury spending occurred outside mainland China, plummeting to less than 10% in 2021 and 2022 because of travel restrictions, according to data from Bain. The consultancy said that this started to rebound in 2023 with the return of overseas tourism, with an estimated 30% of luxury spending taking place outside mainland China.
Persons: , Hugo Boss, Burberry, Gerry Murphy, they've, Bain, Luca Solca, Vacheron Constantin, Marc Jacobs, Versace, Richemont Organizations: Service, Swatch, Business, Bain & Company, Richemont, Cartier, Burberry, Financial Times, Bain, Prada, The Financial Times, Luxury Summit Locations: China, Swiss, Americas, Hong Kong, Macau, Japan, South Korean, East
Giuliani only appears to have a portion of that amount in his personal bank account, which keeps being depleted to pay other bills, Wednesday’s federal court proceedings in White Plains, New York, revealed. Giuliani has been slow to disclose what cash he has on hand in liquid accounts, and hasn’t been fully transparent, the judge has found. Last Friday, Giuliani’s bankruptcy protection ended, and creditors such as the 2020 election workers Ruby Freeman and Shaye Moss ​are now able to pursue his $10 million net worth. He told Giuliani’s lawyers they had until Thursday at “high noon; that’s appropriately theatrical” ​to notify the court of a plan for Giuliani to resolve his bills. “If your client persists in this course of action, there are a lot of bad things that can happen,” Lane told Giuliani’s attorneys on Wednesday.
Persons: CNN — Rudy Giuliani, Giuliani, hasn’t, Rachel Strickland, , ” Strickland, Ruby Freeman, Shaye Moss, Moss, Freeman, , , Sean Lane, Lane, ” Lane, Heath Berger, Gary Fischoff, Donald Trump, CNN’s Kaitlan Collins, Ted Goodman, Giuliani “, Goodman, ” Trump Organizations: CNN, Republican National Convention, New, Amazon, Apple, Giuliani, Milwaukee, GOP, New York’s LaGuardia Locations: White Plains , New York, Georgia, New York City, York, Florida, Milwaukee, New York, Palm Beach , Florida, New
Yen jumps on suspected intervention, sterling hits one-year high
  + stars: | 2024-07-17 | by ( ) www.cnbc.com   time to read: +4 min
The yen rose sharply on Wednesday in what traders suspected was likely the result of yet another intervention from Japanese authorities to prop up the battered currency from multidecade lows. The euro was last down 0.8% at 171.15 yen, while sterling fell 0.76% to 203.75 yen. Combined with the estimated amount spent a day earlier, Japan is suspected to have bought nearly 6 trillion yen via intervention last week. That sent traders paring back bets of a rate cut from the Bank of England in August, providing a small boost to sterling , which was last up 0.43% to $1.3029. But the more important data is the inflation data, and that's telling the market that the Fed is in a position to cut fairly soon."
Persons: Geoff Yu, Masato Kanda, Michael Brown, Kyle Rodda Organizations: Mellon, Kyodo, Bank of Japan, Bank of England, Monetary, MPC, Tuesday's, Federal Reserve, New Zealand, Reserve Bank of New Locations: London, Tokyo, Japan, Reserve Bank of New Zealand
Dollar drifts as Powell comments bring September rate cut in focus
  + stars: | 2024-07-16 | by ( ) www.cnbc.com   time to read: +3 min
The dollar fell slightly on Monday after comments from Federal Reserve Chair Jerome Powell, while cryptocurrencies rose on bets that an assassination attempt on former President Donald Trump lifted his reelection chances. The dollar hung around five-week lows on Tuesday as comments from Federal Reserve Chair Jerome Powell bolstered the case for a rate cut in September, while cryptocurrencies gained on rising odds of former President Donald Trump getting reelected. The comments, likely Powell's last until his press conference following the Fed's July 30-31 meeting, shifted rate cut expectations. Markets are now anticipating 68 basis points of easing this year, with a rate cut in September fully priced in, CME FedWatch tool showed. "Markets may need to wait longer for the confirmation of their September rate cut hopes, and growth and labor data will be on the radar such as retail sales today."
Persons: Jerome Powell, Donald Trump, cryptocurrencies, Powell, We've, Charu Chanana, Trump, Gary Gensler, Chris Weston Organizations: Federal, Economic, of Washington, Saxo, Traders, Bank of Japan, Republican, cryptocurrency, San, SEC, New Zealand Locations: Tokyo, San Francisco
Nearly every elementary school student in Japan carries a book bag known as a randoseru, a staple of Japanese childhood for close to 150 years. No one mandates that students use these backpacks, but strong social norms lead most families to purchase them for their children. When fully loaded with textbooks, worksheets, pencil cases and, more recently, digital tablets, the randoseru can weigh close to nine pounds. Made of leather or some sturdy facsimile, randoseru, which cost hundreds of dollars, are meant to last for the entire six years of elementary school. More than a simple school bag, the randoseru is a unique Japanese symbol, reflecting the conformity and consistency that is deeply rooted in the culture.
Locations: Japan
The risk-sensitive Australian dollar fell 0.18% to $0.6771, while the New Zealand dollar slid 0.35% to $0.6097. Under a Trump presidency, market analysts expect a more hawkish trade policy, less regulation and looser climate change regulations. Against the dollar, the yen was last 0.3% lower at 158.36, having strengthened to a roughly one-month high of 157.30 per dollar on Friday. "The confirmed FX intervention undertaken by the MOF in April and May proved that policymakers are prepared to be canny about choosing the timing of their moves," said Jane Foley, head of FX strategy at Rabobank. "In order to make more 'bang for their buck', FX intervention in quiet conditions or after the release of softer U.S. economic data seems like a sensible move.
Persons: Donald Trump, Jack Ablin, It's, Trump, Rong Ren Goh, Jane Foley Organizations: Trump, Cresset, New Zealand, Eastspring Investments, Cash U.S, Investors, . Bank of Japan, Finance, Analysts, Rabobank Locations: Asia, Japan, U.S, Tokyo
CNN —Measuring about half the length of a Ford F-150, Kei trucks look almost like toys in comparison to your standard pickup truck. Instagram page Kei Trucks Appreciation Society (@keitrucksas) sells Kei truck-themed merchandise from hoodies to stickers and posts memes for its more than 95,000 followers. On X, Kei truck fans share pictures of mini trucks they spot in the wild. Most states lack Kei-specific regulation entirely, and so far, only 19 states allow Kei trucks on public roads. And data from Edmunds showed that Americans were trading in more midsize and large pickup trucks for compact trucks than vice versa.
Persons: Kei, , George Zotos, Bill Pugliano, Zotos, Tetsu Ichino, , I’ve, it’s, Andrew O’Bright, Kei truck’s, ” Zotos, Melissa Torre, Torre, Mark Schirmer, Mercedes ’ Smart, ” Schirmer, Ford, Edmunds, Ivan Drury, Drury, Organizations: CNN, Ford, Silverado, American International Detroit Auto, Research, JDM Imports, Philadelphia, Torre, Daihatsu, Cox Automotive, Mercedes, Benz, Insurance Institute for Highway Safety, Ford Maverick, Hyundai, Hyundai Santa Cruz Locations: Japan, New York, Detroit , Michigan, Rockville , Maryland, Maryland, Chicago, Kei, U.S, Hyundai Santa
A fresh market projection by the Bank of Japan on Friday hints at a possible intervention of around $22 billion into the currency markets as the country tries to prop up the ailing yen . The Japanese currency popped 3% against the dollar late Thursday as the market responded to surprisingly soft U.S. inflation data. On Friday, daily current account balance data from the Bank of Japan projected that a drain of 3.17 trillion yen ($20 billion) will occur on July 16. This compares to an earlier forecast for a surplus of around 400 billion yen, according to news agencies the Nikkei and Reuters, leaving a surprise 3.57 trillion yen ($22.49 billion) gap in the finances. This is expected to have been spent on currency intervention on Thursday, with foreign exchange transactions taking two working days to settle.
Persons: Masato Kanda, wasn't Organizations: Bank of Japan, Reuters, Nikkei, Ministry of Finance, Jiji Press, CNBC Locations: Tokyo
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