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☆ Dollar firm as inflation data douse bets for big Fed rate cut
▼ + stars: | 2024-09-12 | by ( ) www.cnbc.com time to read: +3 min

The dollar traded near a four-week high versus the euro on Thursday after signs of some stickiness in U.S. inflation reinforced expectations that the Federal Reserve would avoid a super-sized interest rate cut next week. The dollar traded near a four-week high versus the euro on Thursday after signs of some stickiness in U.S. inflation reinforced expectations that the Federal Reserve would avoid a super-sized interest rate cut next week. Meanwhile, a quarter-point rate reduction from the European Central Bank is widely expected later on Thursday, with investors anxious for hints on how soon the monetary authority will cut again. Early on Wednesday, Bank of Japan board member Junko Nakagawa reinforced the central bank's tightening bias by saying low real rates leave room for further rate hikes. As a result, traders essentially priced out the chances of a 50-basis point rate cut on Sept. 18, paring the odds to 15% versus 85% probability for a 25-bp reduction.

Persons: Junko Nakagawa, Naoki Tamura, Tony Sycamore Organizations: Federal, European Central Bank, Bank of Japan, IG, ECB, Sterling, Swiss Locations: U.S

☆ Analysis: BOJ's hawkish tilt suggests end to super-easy policy approaching
▼ + stars: | 2023-09-11 | by ( Leika Kihara | ) www.reuters.com time to read: +5 min

Another board member, Junko Nakagawa, laid out the conditions for ending negative rates, notably a continued improvement in household confidence. "When we see many people share prospects that wages will keep rising, we may be able to exit (negative rates)." Less than half expect negative rates to end in 2024. There seems to be no consensus within the BOJ board, however, on when or how the bank would dismantle Kuroda's complex policy framework. Ueda said the BOJ could end negative rates if it believed that inflation would sustainably hold above the target.

Persons: Kazuo Ueda, Kim Kyung, Ueda, Tamura, Haruhiko Kuroda, Naoki Tamura, Kuroda, Mari Iwashita, Hajime Takata, Junko Nakagawa, Shinichi Uchida, Leika, Sam Holmes Organizations: Japan, REUTERS, Bank of Japan, Daiwa Securities, Reuters, Thomson Locations: Tokyo, Japan, TOKYO, U.S

☆ BOJ policymaker calls for keeping ultra-easy policy, sets high bar on exit
▼ + stars: | 2023-09-07 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

As a result, it was hard to say when inflation could hit the bank's 2% inflation target in a sustainable manner, she said. "But we're not at a stage where we can judge that Japan has achieved our price target in a stable, sustainable fashion." The BOJ has defined sustainable inflation as price rises driven not by rising raw material costs, but strong domestic demand accompanied by continued wage increases. But she laid out in detail the conditions for ending negative rates. "When we see many people share prospects that wages will keep rising, we may be able to exit (negative rates)," she added.

Persons: Androniki, Nakagawa, Bank of Japan policymaker Junko Nakagawa, Haruhiko Kuroda, We're, Kazuo Ueda, Leika Kihara, Tom Hogue, Kim Coghill, Emelia Organizations: REUTERS, Bank of Japan, Thomson Locations: Japan, Tokyo, KOCHI, Kochi

☆ BOJ policymaker calls for keeping ultra-easy policy for now
▼ + stars: | 2023-09-07 | by ( Leika Kihara | ) www.reuters.com time to read: +2 min

An office employee walks in front of the bank of Japan building in Tokyo, Japan, April 7, 2023. An increasing number of Japanese companies were raising prices and wages, Nakagawa said, adding that there was a chance inflation could accelerate more than initially expected. But there was also a risk inflation could slow once the pass-through of higher costs moderate, she said. "But we're not at a stage where we can judge that Japan has achieved our price target in a stable, sustainable fashion." Reporting by Leika Kihara; Editing by Tom Hogue and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Androniki, Bank of Japan policymaker Junko Nakagawa, Nakagawa, Kazuo Ueda, Leika Kihara, Tom Hogue, Kim Coghill Organizations: REUTERS, Rights, Bank of Japan, Thomson Locations: Japan, Tokyo, Rights KOCHI, Kochi

☆ More than 1,000 people died on Virginia's roadways last year, but a high-tech trial showed safer streets might be just a couple of years away
▼ + stars: | 2023-08-10 | by ( Chris Stokel-Walker | ) www.businessinsider.com time to read: +6 min

A trial on a controlled-access road in Virginia used 5G to power split-second safety data. This article is part of "5G Playbook," a series exploring one of our time's most important tech innovations. But technology being trialed on a controlled-access rural road in Virginia could help save lives. Safer, high-tech roads require more 5G accessIt's important because too many people fall victim to serious or fatal crashes on Virginia's — and the nation's — roads. The project comes at a critical moment for Virginia, whose pedestrian fatalities increased 37% in 2022 over 2021 data.

Persons: Masahiko Mack Nakagawa, Nakagawa, —, Mike Mollenhauer Organizations: National, Traffic Safety, 2G, NEC, Virginia Smart Roads, Virginia Tech Transportation Institute Locations: Virginia, Blacksburg , Virginia, Smart Virginia, Japan

☆ Explosion rips through Tokyo building; four injured
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: +1 min

TOKYO, July 3 (Reuters) - An explosion tore through a building in downtown Tokyo on Monday, scattering debris across a busy intersection and sending smoke into the air, but the fire was soon contained, Japanese media said. The cause of the blast was not immediately clear but witnesses said they had smelled gas before the explosion. [1/4]Rescuers work at the site of an apparent explosion near Shimbashi station in Tokyo, Japan July 3, 2023. REUTERS/Issei Kato"I'd just got to work and was starting preparations when there was a really loud explosion," said Shinobu Nakagawa, a 26-year-old restaurant worker, who works on the first floor of the building. The blast took place in an area near a railway station that is packed with bars and restaurants popular with office workers.

Persons: Issei Kato, I'd, Shinobu Nakagawa, Elaine Lies, Gareth Jones, Clarence Fernandez Organizations: NHK, REUTERS, Thomson Locations: TOKYO, Tokyo, Shinbashi, Japan

☆ Microsoft says commercial use of fusion-produced energy will be available within 5 years as part of new deal with Sam Altman-backed Helion
▼ + stars: | 2023-05-11 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Microsoft and fusion energy company Helion announced a first-of-its-kind contract Wednesday. Fusion is the clean energy source of the stars in space, but experts have said it's likely still decades away on Earth. Microsoft and Helion, a research company backed by OpenAI CEO Sam Altman, are teaming up to make fusion-produced energy available commercially much sooner than experts previously estimated. "We are optimistic that fusion energy can be an important technology to help the world transition to clean energy," Smith said in a statement. HelionIn December, the Department of Energy announced what many saw as a breakthrough in the world of fusion energy, when the first nuclear fusion reaction was conducted that created more energy than it used.

☆ Asia's factory activity stalls, but China a bright spot
▼ + stars: | 2023-03-01 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

China's manufacturing activity expanded at the fastest pace in more than a decade in February, according to an official index, while a private sector survey also showed activity rising for the first time in seven months. India and Australia saw economic growth slow in the quarter to December, and South Korea's exports fell in February for a fifth straight month, highlighting the pain slowing global demand was inflicting on the region's manufacturers. The region's weaker data underscores the challenge Asian policymakers face in reining in inflation with higher interest rates, without choking off their economic recoveries already facing pressure from the global economic slowdown, analysts say. Factory activity continued to shrink in Taiwan and Malaysia in February, and expanded at a slower pace than in January in the Philippines, surveys showed. Policymakers hope China's re-opening from COVID-19 curbs, and resilience seen so far in U.S. and European economies, will underpin global growth this year.

☆ Japonia, în pragul unui al treilea val de COVID-19, după ce recordul de infectări a fost depășit din nou
▼ + stars: | 2020-11-12 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Bilanţul, care include un record de 236 noi cazuri pe insula nordică Hokkaido, a depăşit recordul precedent de cazuri zilnice - 1.596 de infectări - înregistrat pe 7 august, a relatat Kyodo News. Tokyo a confirmat 393 noi cazuri, cel mai ridicat bilanţ zilnic din ultimele trei luni, iar prefectura Osaka a înregistrat 231 cazuri, depăşind a treia zi consecutiv pragul de 200 de contagieri, scrie digi24.ro. Japonia a ieşit din starea de urgenţă instaurată în cea mai mare parte dintre cele 47 de prefecturi la mijlocul lunii mai. Cu toate acestea, ministrul a precizat că Japonia ar putea avea nevoie de aplicarea unor restricţii în ceea ce priveşte activităţile economice dacă situaţia se agravează. Japonia a raportat până în prezent 114.400 de infecţii cu noul coronavirus şi 1.884 de decese asociate COVID-19, potrivit agenţiei Kyodo.

Persons: Nishimura Locations: Agerpres, Hokkaido, Tokyo, Osaka, Japonia

☆ Japonia, in pragul celui de-al...
▼ + stars: | 2020-11-12 | by ( ) www.realitatea.md time to read: +1 min

Japonia a raportat joi un număr record de 1.645 de noi cazuri de COVID-19, care, potrivit experţilor, ar putea anunţa un al treilea val al epidemiei de coronavirus, informează presa locală citată de DPA. Tokyo a confirmat 393 noi cazuri, cel mai ridicat bilanţ zilnic din ultimele trei luni, iar prefectura Osaka (vest) a înregistrat 231 cazuri, depăşind a treia zi consecutiv pragul de 200 de contagieri. Japonia a ieşit din starea de urgenţă instaurată în cea mai mare parte dintre cele 47 de prefecturi la mijlocul lunii mai. Cu toate acestea, ministrul a precizat că Japonia ar putea avea nevoie de aplicarea unor restricţii în ceea ce priveşte activităţile economice dacă situaţia se agravează. Japonia a raportat până în prezent 114.400 de infecţii cu noul coronavirus şi 1.884 de decese asociate COVID-19, potrivit agenţiei Kyodo.

Persons: Nishimura Locations: Japonia, Hokkaido, Tokyo, Osaka

☆ Japonia, confruntată cu un al treilea val, raportează un număr record de cazuri de COVID-19
▼ + stars: | 2020-11-12 | by ( ) tvrmoldova.md time to read: +1 min

Japonia a raportat joi un număr record de 1.645 de noi cazuri de COVID-19, care, potrivit experţilor, ar putea anunţa un al treilea val al epidemiei de coronavirus, informează presa locală citată de Agerpres. Bilanţul, care include un record de 236 noi cazuri pe insula nordică Hokkaido, a depăşit recordul precedent de cazuri zilnice - 1.596 de infectări - înregistrat pe 7 august, a relatat Kyodo News. Japonia a ieşit din starea de urgenţă instaurată în cea mai mare parte dintre cele 47 de prefecturi la mijlocul lunii mai. Cu toate acestea, ministrul a precizat că Japonia ar putea avea nevoie de aplicarea unor restricţii în ceea ce priveşte activităţile economice dacă situaţia se agravează. Japonia a raportat până în prezent 114.400 de infecţii cu noul coronavirus şi 1.884 de decese asociate COVID-19, potrivit agenţiei Kyodo.

Persons: Nishimura Organizations: Agerpres Locations: Japonia, Hokkaido, Tokyo, Osaka

☆ Țara care e în pragul unui al treilea val al pandemiei de COVID-19, după ce recordul de infectări a fost depășit din nou — Cotidianul
▼ + stars: | 2020-11-12 | by ( De Către | Please Enter Your Name Here | ) cotidianul.md time to read: +1 min

Bilanţul, care include un record de 236 noi cazuri pe insula nordică Hokkaido, a depăşit recordul precedent de cazuri zilnice – 1.596 de infectări – înregistrat pe 7 august, a relatat Kyodo News. Tokyo a confirmat 393 noi cazuri, cel mai ridicat bilanţ zilnic din ultimele trei luni, iar prefectura Osaka a înregistrat 231 cazuri, depăşind a treia zi consecutiv pragul de 200 de contagieri. Luând cuvântul în cadrul conferinţei de presă de joi, ministrul pentru revitalizarea economică, Yasutoshi Nishimura, a precizat că nu există necesitatea imediată a declarării unei alte stări de urgenţă naţionale. Cu toate acestea, ministrul a precizat că Japonia ar putea avea nevoie de aplicarea unor restricţii în ceea ce priveşte activităţile economice dacă situaţia se agravează. Japonia a raportat până în prezent 114.400 de infecţii cu noul coronavirus şi 1.884 de decese asociate COVID-19, potrivit agenţiei Kyodo.

Persons: Nishimura Locations: Agerpres, Hokkaido, Tokyo, Osaka, Japonia

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