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☆ Masamitsu Yoshioka, Last Pearl Harbor Bombardier, Dies at 106
▼ + stars: | 2024-10-03 | by ( Sam Roberts | More About Sam Roberts | ) www.nytimes.com time to read: +1 min

Masamitsu Yoshioka, the last known survivor among some 770 crew members who manned the Japanese airborne armada that attacked Pearl Harbor on Dec. 7, 1941, has died. He was 106. His death was announced on social media on Aug. 28 by the Japanese journalist and author Takashi Hayasaki, who spoke with Mr. Yoshioka last year. “When I met him last year, he spoke many valuable words with a dignified presence,” Mr. Hayasaki wrote. “Have Japanese people forgotten something important since the end of the war?

Persons: Masamitsu Yoshioka, Takashi Hayasaki, Yoshioka, ” Mr, Hayasaki, “, ” Locations: Pearl, Adachi, Tokyo, Yasukuni, Hawaii, Japan

☆ Nikkei 225: Japan stock market rally fades as fears of US economic slowdown, yen volatility return
▼ + stars: | 2024-08-08 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Meanwhile, the yen strengthened 0.6% to 146 against the US dollar, after losing nearly 2% on Tuesday and Wednesday combined. But those fears, as well as a further jump in the value of the yen, are still haunting the market. The volatility in the yen, which was at the heart of recent market turmoil, remains elevated, he added. On Monday, the Nikkei plummeted by the most since 1987, sparking a broader global market sell-off. The narrowing of the interest rate differentials, which had enabled the yen carry trade, could push the yen higher, Kuptiskevich added.

Persons: Hong Kong CNN —, Germany’s DAX, Shinichi Uchida, Uchida, ”, Stephen Innes, Alex Kuptsikevich, Masamichi Adachi, Innes, Taiwan’s Taiex, Hang Organizations: Hong Kong CNN, Nikkei, CAC, Nasdaq, Bank of Japan, Federal Reserve, FxPro, Federal, Fed, UBS, UBS Chief Investment, Kospi, Hang Seng Locations: Hong Kong, Europe, Japan, unwind

☆ UBS: We're expecting the BOJ will decide to reduce government bond purchases
▼ + stars: | 2024-06-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUBS: We're expecting the BOJ will decide to reduce government bond purchasesMasamichi Adachi, chief Japan economist at UBS, says, however, the Bank of Japan will be "rather conservative on the rate hike at this timing."

Persons: We're, Masamichi Adachi Organizations: UBS, Bank of Japan Locations: Japan

Adachi said Japan has yet to see a positive wage-inflation cycle, in which wages and inflation rise together, kick off. The BOJ can start debating an exit strategy only when the chance of such a cycle emerging heightens, he added. But Adachi said the BOJ did not necessarily need to wait until inflation-adjusted wage growth turns positive for it to normalise monetary policy. Hawkish member Naoki Tamura in August signalled a chance of ending negative rates early next year, saying Japan's inflation was already "clearly in sight" of the BOJ's target. With inflation exceeding its 2% target for more than a year, many market players expect the BOJ to end negative rates and YCC next year, with some betting on a move as early as January.

Persons: Issei Kato, Seiji Adachi, Adachi, we're, Naoki Tamura, YCC, Leika Kihara, Takahiko Wada, Chang, Ran Kim, Jamie Freed Organizations: Bank of Japan, REUTERS, Thomson Locations: Tokyo, Japan, TOKYO, MATSUYAMA, Matsuyama

☆ Find out why this garden has been named ‘the most beautiful in Japan’ for 20+ years
▼ + stars: | 2023-11-16 | by ( Lilit Marcus | ) edition.cnn.com time to read: +7 min

Shimane, Japan CNN —In Japan, gardening isn’t just a hobby – it’s an art form with spiritual significance. The US-based Sukiya Living magazine (formerly Journal of Japanese Gardening) has awarded the Adachi Museum its highest honor – most beautiful traditional garden – for more than 20 years running. Despite accolades coming from outside of Japan, the museum and gardens remain relatively unknown compared to those in Kyoto and Tokyo. Many Western visitors to Japan are confused when they visit a Japanese garden, only to not see a single flower. “Before looking at Japanese paintings, you can look at these Japanese gardens and understand them in this sequence.

Persons: ”, Sophie Walker, Robert Gilhooly, Takodori Adachi, Zenko Adachi, Adachi, Adachi's, thanyarat07, Lafcadio Hearn, genji maki Organizations: CNN, Japan CNN —, Adachi Museum of Art, Adachi Museum, “, Art, Mount Fuji, UNESCO, Museum of Art Locations: Japan, Shimane, Osaka, The, Kyoto, Tokyo, Tottori, San’in, Okayama, Honshu, Matsue, Adachi, Yasugi

☆ A former biology teacher who bought a small-town bookstore explains how she made the business profitable and competes with behemoths like Amazon
▼ + stars: | 2023-09-15 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +14 min

Outside the front door of Main Street Books sits a three-tiered cart with neatly stacked brown bags filled with books. The "Curbside Pickup" cart, which sits outside Main Street Books, was born out of the coronavirus pandemic. Courtesy of Main Street BooksMain Street Books is on Main Street in Davidson, North Carolina, nestled between another local business, Summit Coffee, and a Fifth Third Bank. In 2018, the best-selling author David Sedaris came to Main Street Books for a reading. When the COVID-19 pandemic hit in March 2020, like most businesses, Main Street Books was forced to close.

Persons: Adah Fitzgerald, she's, she'd, —, bookstore's, They're, it's, Fitzgerald, — Barbara Freund, Betty Reinke —, stepdad, David Sedaris, Fitzgerald didn't, That's, Andrea Jasmin, Beth Helfrich, Catherine Edmondson, Kendra Adachi, QuickBooks Organizations: Small, Service, Fifth Third Bank, Books, Woodlawn School, Davidson College, Street Books, American Booksellers Association Locations: breakeven, Davidson , North Carolina, Davidson

A small town in Kansas has become a battleground over the First Amendment, after the local police force and county sheriff’s deputies raided the office of the Marion County Record. Raids of news organizations are exceedingly rare in the United States, with its long history of legal protections for journalists. At the Record, a family-owned paper with a circulation of about 4,000, the police seized computers, servers and cellphones of reporters and editors. They also searched the home of the publication’s owner and semiretired editor as well as the home of a city councilwoman. The searches, conducted on Friday, appeared to be linked to an investigation into how a document containing information about a local restaurateur found its way to the local newspaper — and whether the restaurant owner’s privacy was violated in the process.

Persons: Bryan Carmody, Jeff Adachi Organizations: Marion County Locations: Kansas, Marion, United States, Wichita, San Francisco

☆ San’in: Japan’s least-populated region is home to some of its finest treasures
▼ + stars: | 2023-08-10 | by ( Claire Hannum | ) edition.cnn.com time to read: +7 min

Matsue, Japan CNN —San’in isn’t the Japan most travelers picture on their first visit to the country. Japan’s famous high-speed rail system does not pass through San’in, which leaves it off many travelers’ radars altogether. The San’in region consists of Japan’s two least populous prefectures, Shimane and Tottori, which sit between the Sea of Japan and the northern side of the country’s Chukogu mountains. “The Kojiki,” an important eighth-century Shinto text, depicts the San’in region as an annual gathering place for the gods. The region is also the backdrop to Japan’s only desert, a 10-mile cluster of rolling sand beside the Sea of Japan known as the Tottori Dunes.

Persons: Japan CNN — San’in, Mount Daisen, Daisen, Masako Ishida, San’in, Mitoku, it’s, “ It’s, ”, Baye Cooper, ” Cooper, “ Organizations: Japan CNN, UNESCO, Getty, Adachi Museum of Art, Journal, Alamy, Hong Kong Airlines, Air Seoul, San’in Tourism Organization Locations: Matsue, Japan, Honshu, Japan’s, San’in, Shimane, Tottori, Nara, Hyogo, Inasa, amana, Inasa Beach, Uradome, Mount, Chugoku, Kaike Onsen, Tokyo, Kyoto, Yamaguchi prefecture, One, Osaka, Shimane prefecture, Okayama, Hiroshima, Izumo, Hong Kong, Hong, Seoul, Air

☆ Insight: BOJ makes bold shift as yen risks grow too big to ignore
▼ + stars: | 2023-08-03 | by ( Leika Kihara | ) www.reuters.com time to read: +9 min

The BOJ's decision shook markets on Friday and contrasted sharply with Ueda's more cautious comments in recent months about the dangers of retreating too quickly from accommodative Kuroda-era policies. "There's also a small but probable risk of inflation overshooting in Japan, which gave the BOJ reason to act." NEW PRIORITIESThe BOJ's policy decision last week signalled to investors that it would now allow the 10-year government bond yield to move closer to 1% before it intervenes. 'BIT BY BIT'The shift in thinking gained momentum at the BOJ's June policy meeting, but not enough to turn the tide. It was a test case, or a preliminary exercise, toward future policy normalisation," said former BOJ board member Takahide Kiuchi.

Persons: Issei Kato, Kazuo Ueda, Haruhiko Kuroda, Fumio, accommodative Kuroda, Ueda, YCC, There's, Hirokazu Matsuno, Seiji Adachi, Asahi Noguchi, Ryozo Himino, Shinichi Uchida, Uchida, Masato Kanda, Kanda, Takahide, Leika Kihara, Takaya Yamaguchi, Takahiko Wada, Kentaro Sugiyama, Yoshifumi, Sam Holmes Organizations: Bank of Japan, REUTERS, TOKYO, Bank, Ueda, Reuters, BIT, Asahi, Nikkei, Thomson Locations: Tokyo, Japan

☆ BOJ policymaker calls for keeping low rates, focus on wages
▼ + stars: | 2023-06-22 | by ( Leika Kihara | ) www.reuters.com time to read: +2 min

Noguchi also warned of risks to Japan's economy, such as uncertainty over global economic and market developments. Under yield curve control (YCC), the BOJ sets a -0.1% target for short-term interest rates and caps the 10-year bond yield around 0% to reflate growth and inflation. With inflation exceeding its target, markets are simmering with speculation the BOJ will soon tweak YCC due to criticism the policy is distorting market pricing and crushing financial institutions' profit margins. BOJ Governor Kazuo Ueda has stressed the need to keep monetary policy ultra-loose until there is more evidence wages will keep rising next year, helping Japan sustainably hit the 2% inflation target. Reporting by Leika Kihara Editing by Chang-Ran Kim and Sam HolmesOur Standards: The Thomson Reuters Trust Principles.

Persons: Asahi Noguchi, Noguchi, Seiji Adachi, Kazuo Ueda, Leika, Chang, Ran Kim, Sam Holmes Organizations: Noguchi, Global, Bank of Japan, Thomson Locations: Japan, TOKYO, Naha

☆ Dollar weakens as Powell's testimony offers little surprise; sterling steady
▼ + stars: | 2023-06-22 | by ( ) www.cnbc.com time to read: +2 min

The dollar languished near a one-month low against a basket of currencies on Thursday, after Federal Reserve Chair Jerome Powell stuck to his usual messaging at his semi-annual testimony, offering little room for surprise. The U.S. dollar index last stood at 102.05 in early Asia trade, not far from its recent five-week low of 102.00. Elsewhere, sterling rose 0.02% to $1.2770, not far from a one-year high of $1.2849 hit last week. Against the Japanese yen , the dollar slipped 0.06% to 141.82, having touched a seven-month peak of 142.37 yen in the previous session. The Japanese currency has come under renewed pressure as the Bank of Japan continues to stick to its ultra-dovish stance.

Persons: Jerome Powell, Sterling, Powell, didn't, Carol Kong, BoE, Seiji Adachi Organizations: Federal, Bank of, Capitol, U.S, Commonwealth Bank of Australia, ANZ, Bank of Japan Locations: U.S, Asia, Powell

☆ BOJ's Adachi sees only small chance of July policy tweak
▼ + stars: | 2023-06-21 | by ( Leika Kihara | ) www.reuters.com time to read: +4 min

"If market conditions don't change much from now, the chance of us tweaking yield curve control in July to arrest any distortion in the yield curve will be small," he said. The remarks were the strongest yet from a BOJ policymaker ruling out the chance of a policy tweak at the next meeting scheduled on July 27-28. Adachi said the BOJ must look at consumer price data for July onward to judge whether inflation was overshooting its baseline scenario. But there's high uncertainty over our baseline inflation outlook, so it's premature to tweak monetary policy," he said in a speech to Kagoshima business leaders. "The BOJ must humbly monitor price and wage developments, and respond not too quickly, but also not too slowly" the second member said.

Persons: Seiji Adachi, Adachi, Kazuo Ueda, Leika, Shri Navaratnam, Sam Holmes Organizations: Bank of Japan, Thomson Locations: KAGOSHIMA, Japan, Kagoshima

☆ BOJ's Adachi says it's premature to tweak ultra-loose policy
▼ + stars: | 2023-06-21 | by ( Leika Kihara | ) www.reuters.com time to read: +2 min

KAGOSHIMA, Japan, June 21 (Reuters) - Bank of Japan board member Seiji Adachi said it was too early to phase out ultra-loose monetary policy due to uncertainty over the price outlook, brushing aside expectations of an early tweak to its controversial yield curve control policy. "Amid huge uncertainty over the price outlook, there are upside and downside risks. "When considering whether it's appropriate to change monetary policy, we must carefully take into account such risks," he said. Adachi said distortions in the shape of the yield curve have dissolved, arguing that there was no need to tweak YCC now. But there's high uncertainty over our baseline inflation outlook, so it's premature to tweak monetary policy," he said.

Persons: Seiji Adachi, Adachi, Leika, Shri Navaratnam, Sam Holmes Organizations: Bank of Japan, Thomson Locations: KAGOSHIMA, Japan, U.S, Kagoshima

☆ China's rising clout spotlighted at finance chief meetings before G7 summit
▼ + stars: | 2023-05-15 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +4 min

China is among the biggest markets for most G7 countries, particularly for export-reliant economies such as Japan and Germany. In a joint statement on Saturday, the G7 finance chiefs stressed the urgency of addressing debt vulnerabilities in low- and middle-income countries, mentioning Zambia, Ethiopia, Ghana and Sri Lanka. "There were talks about coercion" at the G7 finance leaders' meeting, the Japanese finance ministry official said. The G7 summit will most likely have a special session on China to debate Beijing's "economic coercion" against other countries, according to a Reuters report. "No matter how the G7 want to fence in the Global South, it's not easy," said Atsushi Takeda, chief economist at the Itochu Economic Research Institute.

☆ Beyond Kyoto: Japan recommends 11 lesser-known spots to visit
▼ + stars: | 2023-04-19 | by ( Rob Goss | ) www.cnbc.com time to read: +8 min

Japan wants travelers to go beyond the country's iconic tourist sites — and consider spending their yen in lesser-known locations. CNBC Travel takes a look at what each of the 11 spots has to offer travelers — whether or not they're wealthy. Koichi Kamoshida | Getty Images News | Getty ImagesIse-shima is arguably the "model destination" most ready to welcome the JTA's wealthy targets. Kagoshima, Aso and UnzenThe island of Kyushu in western Japan feature everything from active volcanoes to glimpses of samurai culture. Okinawa and AmamiIn 2021, Amami-Oshima Island, Tokunoshima Island, the northern part of Okinawa's main island, and Iriomote Island were given joint UNESCO Natural World Heritage status for their biodiversity and endemic wildlife.

☆ Asia's 'best restaurants' list is out — and it's no surprise which country made the list 17 times
▼ + stars: | 2023-03-29 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +10 min

William Drew, director of content for Asia's 50 Best Restaurants, said Japan's strong performance is "no surprise." The top 50 restaurants in AsiaThis year commemorates the 10th anniversary of the "Asia's 50 Best Restaurants" list. Asia's top 50 restaurantsThe list of "Asia's 50 Best Restaurants" for 2023 are: 1. Ten restaurants that ranked among Asia's best 50 restaurants last year fell into the 51-100 ranking this year. Asia's 50 Best Restaurants 2023Labyrinth also rose 29 spots to No.11, winning the "Highest Climber" award.

☆ Bank of Japan keeps low rates as Kuroda sticks to script at swan song meeting
▼ + stars: | 2023-03-10 | by ( ) edition.cnn.com time to read: +4 min

At its two-day meeting that ended on Friday, the BOJ maintained its short-term interest rate target at -0.1% and that for the 10-year bond yield around 0%. It also left unchanged a band set around the 10-year yield target that allows the yield to rise up to 0.5%. “The decision to uphold policy rates comes at a cost. Many investors expect the central bank to phase out YCC when Kuroda’s successor, Kazuo Ueda, takes the helm in April. “The BOJ will likely abandon its 10-year bond yield target, while maintaining negative interest rates, to arrest distortions in the yield curve,” he said.

☆ Premarket stocks: Japan just delivered a lump of coal to investors across the globe
▼ + stars: | 2022-12-21 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

A surprise announcement from the Bank of Japan sent investors spinning and global markets reeling on Tuesday. The country’s central bank signaled that it would reverse two decades of policy precedent and begin to move away from loose monetary policy intended to keep wages and prices high. The Japanese Central Bank loosened the yield on its 10-year government bonds from 0.25% to 0.5%. The central bank said that inflation expectations have risen. Japan’s is the last major central bank to keep rates negative and this signals that it could be shifting its stance.

Banknotes of Japanese yen are seen in this illustration picture taken September 23, 2022. Bank of Japan Governor Haruhiko Kuroda also repeated his usual line that stability in the foreign exchange market was "extremely important", characterising the yen's recent softening as sharp and one-sided. The comments came as the yen traded near a 32-year trough to the dollar at 149 yen, putting the major psychological barrier of 150 in focus. "When looking at the global financial and economic environment surrounding Japan, downside risks are building up rapidly," Adachi said in the speech. "When downside risks are so high, we should be cautious of shifting toward monetary tightening," he said, warning that heightening external headwinds risked tipping Japan back to deflation.

☆ Japan logs August's smallest-ever current account surplus as import prices surge
▼ + stars: | 2022-10-11 | by ( ) www.cnbc.com time to read: +1 min

Japan's current account surplus shrank to its smallest amount on record for the month of August, Ministry of Finance data showed on Tuesday, with surging prices of energy imports outstripping price rises in exports and draining national wealth. The surplus stood at 58.9 billion yen ($404.45 million), smaller than economists' median forecast of 121.8 billion yen in a Reuters poll. On a seasonally adjusted basis, the account was in a deficit for a second month, at 530.5 billion yen. Continual trade surplus in the past and growing overseas investment means Japan has never recorded a current account deficit on an annual basis. "I think the current account surplus will narrow as trade deficits persist, eroding Japan's purchasing power and making it poorer."

☆ The Japanese yen is at 24-year lows. Here's what to expect at the next BOJ meeting
▼ + stars: | 2022-09-20 | by ( Jihye Lee | ) www.cnbc.com time to read: +4 min

The Japanese yen is hovering close to its weakest levels since 1998, and authorities have hinted at taking action to stem the currency's decline. The widening rate differential has caused the yen to weaken significantly, with the Japanese currency falling about 25% year-to-date. Loading chart...Last week, the Bank of Japan reportedly conducted a foreign exchange "check," according to Japanese newspaper Nikkei – a move largely seen as preparing for formal intervention. watch nowStrategists at Goldman Sachs also don't see the central bank shifting from its yield curve control policy, pointing to its hawkish global peers. End of AbenomicsMonetary policy changes by Japanese authorities as unlikely, chances being especially low under BOJ governor Harukiho Kuroda, UBS Chief economist for Japan Masamichi Adachi told CNBC last week.

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