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☆ South Korea’s president denies wrongdoing in growing scandal around him and his wife
▼ + stars: | 2024-11-08 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +6 min

SEOUL, South Korea — South Korean President Yoon Suk Yeol denied wrongdoing on Thursday in a burgeoning influence-peddling scandal involving him and his wife that is severely hurting his approval ratings and providing political munition to his rivals. The political firestorm coincides with South Korea facing a slew of critical foreign policy issues, such as Donald Trump’s election win to become the next president of the United States and North Korea’s reported entry into the Russia-Ukraine war. The opposition party alleges that the conversation proves Yoon provided Myung with political favors in return for free surveys. Lee, a firebrand lawmaker who narrowly lost to Yoon in the 2022 presidential election, is undergoing four separate trials over corruption and various other allegations. Yoon noted that North Korea’s arsenal has significantly advanced since Trump’s diplomacy with Kim collapsed in 2019.

Persons: Yoon Suk, Donald Trump’s, Yoon, Kim Keon Hee, Myung Tae, Myung, “, ” Yoon, ”, Kim Young, Lee Jae, Lee, Yoon —, Shigeru Ishiba, Trump, Kim Jong, Kim, ” “, Biden Organizations: South, People Power Party, Democratic Party, firebrand, Trump, North Locations: SEOUL, South Korea, United States, North, Russia, Ukraine, Washington, Tokyo, Seoul

☆ Shohei Ohtani: World Series sparks major excitement in Japan, attracts viewership rivaling the US
▼ + stars: | 2024-10-30 | by ( Hanna Park | Yumi Asada | ) edition.cnn.com time to read: +5 min

The appearance of Ohtani in this year’s edition of the World Series has captivated Japan and emerged as a television ratings phenomenon. Seth Wenig/APCustomers choose a T-shirt at a pop-up store for Major League Baseball star Shohei Ohtani ahead of the first World Series game between the Los Angeles Dodgers and the New York Yankees, in Tokyo, Japan, on October 25, 2024. Everyone shouts Ohtani, Ohtani, and it makes me extremely happy. When combined with US viewership, the first two World Series games have averaged 29.7 million viewers across the two countries. MLB has shown a remarkable 225% increase in social media engagement, with views across various platforms rising by 229%, the league reported, reflecting the growing excitement surrounding the World Series and its star players.

Persons: Shohei Ohtani, “, ”, Ryosuke Matsumoto, Tomoyuki Masuda, Seth Wenig, Shohei, Kim Kyung, Mamoru Tanaka, Major League Baseball —, Matsumoto, Eugene Hoshiko, Ohtani, Yoshinobu Yamamoto, Yamamoto Organizations: Tokyo, CNN, — Baseball, Los Angeles Dodgers, New York Yankees, Dodgers, Major Leagues, Yankees, Yankee, AP, Major League Baseball, Fox Sports, AP CNN, Los Angeles Angels, The Dodgers, MLB Locations: Japan, United States, Tokyo, Shibuya, Bronx, Kyoto, New York, Ohtani, Ohtani's, Oshu, Los Angeles

☆ Dollar holds on to 7-week highs as traders consider U.S. rates outlook
▼ + stars: | 2024-10-08 | by ( ) www.cnbc.com time to read: +3 min

The dollar clung to seven-week highs against major currencies on Tuesday as investors ponder the outlook for U.S. rates after a strong jobs report last week dashed bets for large rate cuts, while escalating tensions in Middle East dented risk sentiment. Traders have drastically shifted their monetary easing expectations from the Federal Reserve this year. That has kept the dollar on the front foot and surging to a multi-week high against the euro, sterling and the yen. The New Zealand dollar was 0.3% higher at $0.6144 ahead of the monetary policy decision on Wednesday. A majority of economists in a Reuters poll last week said the Reserve Bank of New Zealand will cut interest rate by 50 basis points.

Persons: Kieran Williams, Louis, Alberto Musalem, Shigeru Ishiba Organizations: Federal Reserve, Asia FX, InTouch, Reserve Bank of St, Treasury, Bank of, New Zealand, Reserve Bank of New Locations: Middle East, Asia, China, Bank of Japan, Reserve Bank of New Zealand

☆ Nomura: Japan economy still doing well, foresee BoJ December rate hike
▼ + stars: | 2024-10-03 | 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 EmailNomura: Japan economy still doing well, foresee BoJ December rate hikeYujiro Goto of Nomura expects the dollar-yen cross to trade between 140 and 145 as concerns over new Japanese Prime Minister Shigeru Ishiba's policies dissipates. Japanese businesses remain resilient, paving the way for a potential rate hike by the Bank of Japan in December 2024.

Persons: Goto, Nomura, Shigeru Organizations: Email Nomura, Bank of Japan Locations: Japan

☆ Japan confirms $36.8 billion currency intervention as weak yen pushes BOJ to hike interest rates
▼ + stars: | 2024-07-31 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

New Japanese 1000 Yen banknote on display inside the Currency Museum of the Bank of Japan's Institute for Monetary and Economic Studies. Japanese authorities spent 5.53 trillion yen ($36.8 billion) to shore up the yen in July, official data published Wednesday showed. The move was expected to mark the Bank of Japan's highest interest rates since 2008. It marks a stark contrast from the start of the month, when the Japanese currency fell to 161.96 per dollar for the first time since December 1986. The yen has been combating sustained pressure since the BOJ ended its monetary policy of negative interest rates in March.

Organizations: Currency Museum, Bank of Japan's Institute for Monetary, Economic Studies, Japan's Ministry of Finance, U.S ., of Japan's

☆ Shohei Ohtani: How one man has brought a new wave of Japanese tourists to LA
▼ + stars: | 2024-07-04 | by ( Natasha Chen | ) edition.cnn.com time to read: +9 min

And with 12 new Japanese sponsors, Japanese-language stadium tours and new Japanese menu items, the Dodgers are making the most of the Ohtani effect. A mural showing Los Angeles Dodgers player Shohei Ohtani is painted on the side of the Miyako Hotel in Little Tokyo in downtown Los Angeles. “He’s just a phenomenal individual, right?” said Judy Clow, who brought her brother from Japan to a Japanese-language tour at Dodger Stadium. My gosh!”Shohei Ohtani warms up before a preseason game against the Los Angeles Angels at Dodger Stadium on March 24, 2024. Some of the six new Japanese-language tour guides at Dodger Stadium actually worked at Angels Stadium previously, serving the same fans.

Persons: There’s, Takayo Hizume, CNN it’s, Shohei, Robyn Beck, ’, Hizume, Ohtani, Los Angeles –, Akira Yuhara, ” Yuhara, swindling, “ He’s, ”, Judy Clow, Harry, Christine Gerriets, ” Gerriets, Kay Ponak, Norma Galeana, CNN Mihana Hayashi, takoyaki, Hayashi, Nanoha, “, giveaways, Stan Kasten, ” Kasten, Kasten, Robert Vargas, Vin Scully, ” Vargas, “ Ohtani, Adam Burke, Hiroko Hinata, Natasha Chen, CNN Yuhara, Miyako, Don Tahara, Shania Baweja, Jason Kravarik Organizations: Los Angeles CNN, Dodgers, Ohtani’s, CNN, Angeles Dodgers, Getty, Dodger, Los Angeles Angels, Angels, Daiso, Toyo, Far, Los, Los Angeles Tourism, LA Tourism, Ohtani's Dodgers, Far Bar Locations: Japan, Los Angeles, California, Pacific, Miyako, Little Tokyo, AFP, –, South Korea, Southern California, LA, Anaheim, guacamole, Nagoya, Asian, Japanese

☆ Japanese yen weakens to fresh 38-year lows; top currency diplomat replaced
▼ + stars: | 2024-06-28 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

Sopa Images | Lightrocket | Getty ImagesThe Japanese yen weakened to fresh 38-year lows on Friday, crossing the 161 mark against the dollar for the first time since 1986 and reaching a high of 161.27, according to LSEG data. The yen has been steadily deprecating since the Bank of Japan ended its negative interest rate policy and scrapped its yield curve control policy in March. Following the move, the currency crossed the 150 mark against the dollar, reaching 160 in late April before the country's finance ministry intervened. Stock Chart Icon Stock chart iconJapan's finance ministry confirmed that it intervened between April 26 to May 29 to the tune of 9.7885 trillion yen ($62.25 billion). The benchmark U.S. federal funds rate stands at 5.25% to 5.5%, while the Bank of Japan's benchmark interest rate is at 0%-0.1%.

Persons: Dong Chen, Dong Organizations: Currency Museum, Bank of Japan's Institute for Monetary, Economic Studies, Bank of Japan, Japan Ministry of Finance, U.S, Bank Locations: Asia, Swiss, Japan

New Japanese 1000 Yen banknote on display inside the Currency Museum of the Bank of Japan's Institute for Monetary and Economic Studies. Data from Japan's Ministry of Finance on Friday confirmed the country's first currency intervention since 2022, after the yen plunged to a 34-year-low in April. The ministry on Friday stated Japan spent 9.7885 trillion yen ($62.25 billion) on currency intervention between April 26 and May 29, according to a Google-translated statement. Japan last intervened to stabilize the currency in October 2022, when the yen fell to lows of around 152 per dollar. Authorities intervened three times that year to stabilize the currency, reportedly spending as much as a combined 9.2 trillion yen over the period.

Persons: Shunichi Suzuki, Suzuki, CNBC's Dan Murphy Organizations: Currency Museum, Bank of Japan's Institute for Monetary, Economic Studies, Japan's Ministry of Finance, U.S, Bank of America Global Research, Bank of Japan, Japanese Finance, Authorities Locations: Japan, London

☆ This 35-year-old had 5 failed businesses before starting her grocery store chain – now it brings in over $8 million a year
▼ + stars: | 2024-04-25 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +4 min

Gek Teng Pang founded Surrey Hills Grocer in 2021. Success didn't come easy for Pang Gek Teng. Today, she is the proud founder and CEO of Surrey Hills Grocer, an Australian-inspired grocer and café brand with five locations across Singapore. Navigating the entrepreneurial worldBetween quitting her job and starting Surrey Hills Grocer, Pang founded five different businesses. Pang opened her first Surrey Hills Grocer store in December 2021, and eventually went on to open four other locations.

Persons: Gek Teng Pang, Pang Gek Teng, Pang, That's, —, Alvin Lau, she's Organizations: Surrey Hills Grocer, CNBC, Surrey Hills, University of Newcastle, CNBC she's Locations: Singapore, Australian, Australia, Surry Hills

☆ Suntory CEO discusses new Japanese Whisky standards and global demand
▼ + stars: | 2024-04-02 | 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 EmailSuntory CEO discusses new Japanese Whisky standards and global demandJapan's alcohol industry has implemented a new set of definition for Japanese whisky in an attempt to keep foreign-made spirits from being branded as Japanese. Suntory CEO Takeshi Niinami spoke with CNBC's Brandon Gomez about the new criteria, what it means for the spirits category as well as the company's expansion into the U.S. with ready-to-drink cocktail called, -196.

Persons: Takeshi Niinami, CNBC's Brandon Gomez Organizations: Suntory

Tokyo's Sézanne is the newly crowned winner of "Asia's 50 Best Restaurants 2024" list. The two Michelin-starred neo-classical French restaurant, located on the 7th floor of the Four Seasons Hotel Tokyo at Marunouchi, climbed from No. Japan had nine restaurants make this year's list, as did the small city-state of Singapore. Odette, which has been in the top 10 list since 2017, is still the highest-ranking restaurant in Singapore (No. Restaurants on the top 50 list are dispersed among 19 cities in Asia.

Persons: Singapore —, Seroja, Les Amis, Gaggan Anand, Le Du Organizations: Michelin Locations: Marunouchi, Japan, Singapore, China, Hong Kong, Shanghai, Macao, Asia, Bangkok

☆ Japan’s population crisis was years in the making – and relief may be decades away
▼ + stars: | 2024-03-01 | by ( Jessie Yeung | ) edition.cnn.com time to read: +10 min

The demographic crisis has become one of Japan’s most pressing issues, with multiple governments failing to reverse the double blow of a falling fertility rate and swelling elderly population. But Japan’s crisis is unique in that it’s been decades in the making, experts say – meaning its impact is particularly evident now, with relief unlikely to come anytime soon. ‘Not reversible’The first thing to understand about Japan’s population crisis is that it’s only partly behavioral, said James Raymo, professor of sociology and demography at Princeton University. As of last year, Japan’s fertility rate sat at 1.3. The real problem is that the fertility rate has been consistently low for so long.

Persons: handwringing, It’s “, –, it’s, James Raymo, ” Raymo, ‘, aren’t, Raymo, Tomohiro Ohsumi, – “, Stanislav Kogiku, “, ” Organizations: CNN, Princeton University, government’s Institute of Population, Social Security Research, Getty Locations: Japan, China, Hong Kong, Taiwan, South Korea, Spain, Italy, United States, India, Yonomori, Fukushima, singlehood, Vietnam, Shinjuku, Tokyo, Toyko

TOKYO (AP) — A new Japanese flagship H3 rocket lifted off from a space station in southwestern Japan on Saturday in a key second test flight a year after its failed debut launch. The H3 rocket blasted off from a launch pad at the Tanegashima Space Center two days after its originally scheduled liftoff which was delayed due to bad weather. The rocket's initial flight has been smooth as planned, the Japan Aerospace Exploration Agency, or JAXA, said in its livestreaming. The launch is closely watched as a test for Japan’s space development after H3 failed in its debut flight last March. JAXA and its main contractor Mitsubishi Heavy Industries have been developing H3 as a successor to its current mainstay, H-2A, which is set to retire after two more flights.

Organizations: TOKYO, Space, Japan Aerospace Exploration Agency, JAXA, Mitsubishi Heavy Industries, Associated Press Locations: Japan

NEW YORK (AP) — Adele Zerilli Springsteen, the longtime legal secretary, musical muse and concert dance partner who captured countless hearts in her son Bruce Springsteen 's E Street Nation and beyond, has died at 98. Bruce Springsteen announced in an Instagram post that his mother died Wednesday. She was “real smart, real strong, real creative,” with a “refusal to be disheartened,” Bruce told biographer Dave Marsh. Her life had an incredible consistency, work, work, work every day, and I admired that greatly," he told "Uncut" magazine in 2002, praising her “noble” juggling of work and home. E Street Band member Steven Van Zandt tweeted Thursday that Adele Springsteen was the “Matriarch of our family and an unrelenting source of inspiring positive energy.

Persons: — Adele Zerilli Springsteen, Bruce Springsteen, Glenn Miller, Adele Springsteen —, ”, “, Springsteen, —, Bruce Springsteen’s, Zerillis, fathoming, Adele Springsteen's, Adele, Bruce, ” Bruce, Dave Marsh, Ellis, Steven Van Zandt, Adele Springsteen, Bruce's, Douglas, Pamela Springsteen, Virginia, Rhonda Shafner, Dalton Organizations: Smiths, New, Stone, MetLife Locations: American, New York City, Freehold, New Jersey, America, Europe, New, Ellis, Los Angeles

TOKYO (AP) — Japan signed a deal with the United States on Thursday to purchase up to 400 Tomahawk cruise missiles as part of its ongoing military buildup in response to increased regional threats. In November, the U.S. approved a $2.35 billion sale of two types of Tomahawks — 200 Block IV missiles and 200 upgraded Block V versions. Political Cartoons View All 253 ImagesJapan and the United States agreed to expedite the deployment “in response to the increasingly severe security environment,” Kihara said. The government quickly approved a shipment of Japanese-made Patriot missiles to the United States to complement the U.S. inventory. “There is a new Japan emerging, a more competent Japan,” he said.

Persons: Fumio, spender, Minoru Kihara, Japan Rahm Emanuel, ” Kihara, Emanuel, Japan's, ” Organizations: TOKYO, —, China . Defense, U.S, Kihara, United, Japan’s, “ Locations: — Japan, United States, Japan, China, North Korea, Australia, Britain, Tokyo, South Korea, U.S

☆ An Epic Pilgrimage Across Three Great Religions
▼ + stars: | 2023-11-09 | by ( Aatish Taseer | ) www.nytimes.com time to read: +111 min

Before there was tourism, there was pilgrimage: a trip of endurance, hardship and ecstasy in celebration of one’s faith. On an epic pilgrimage of his own, one writer ventures into the heart of three great religions in Bolivia, Mongolia and Iraq. The Imam Hussein shrine in Karbala the day after Ashura. “They’re poor, but they come thousands of kilometers for the love of Imam Hussein.” PILGRIMAGE WAS A great equalizer. “Labaik ya Hussein,” came the solemn chorus of surrounding voices.

Persons: Eduardo Quintela Gonzáles, ” Quintela, JAN, “, ”, Quintela, Victor, Edith Turner, Chaucer, ferne, sondry londes, Vaishno Devi, Lyra Skinner, Lyra, Victoria Preston’s, —, Prophet Muhammad, Virgin Mary, Bath, Naipaul, Augustus, Ryan, garret, Virgin, Monica Machicao, Nicholas Casey, ” Monica, Casey, Evo Morales, sloughing, Columbus, Cortés, Francisco Pizarro, Monica, glitzy cholets, Peru —, Viracocha, it’s, Pablo Quisbert, Leandro Chitarroni, Eichmann, Father Chitarroni, Father Chitarroni’s, Conquistadores ”, Fernando Cervantes, Bernabé Cobo, Quisbert, Edgar Quispe, Tatiana Huayhua, Francisco Tito Yupanqui, Mary, Yupanqui’s, su, Yupanqui, Chitarroni, she’s, Friar Abelino Yeguaori, Friar Yeguaori, Friar Yeguaori’s, Irene, Juana, hajji, Waka, Aracely Alcón, Santiago, Alcón, ‘, don’t, ” Alcón, Tito Yupanqui, Uma Marka, Pachamama, haggard, Amaru Fiorilo Barrios, he’d, ” Fiorilo, Fiorilo, who’d, Valeria Alcón, Laureano Jose Quisbert, Elena Ticona Flores, Eduardo Quintela’s, Ensamble, pang, padre, consolations, Sincrético, El, Rodrigo Paz Pereira, Axel, amauta, strode, La, Aatish Taseer, Saint Helena —, Constantine I, La Paz, Orgilbaatar Tsolmon, Orgil, Genghis Khan, Edward Gibbon, ” Orgil, Araniko’s, Kublai Khan, Genghis Khan’s, Kubla Khan, Coleridge, Kublai, Stalin, sybarite, Khamar, Dalai Lama, Lama, Christopher Kaplonski, ger, I’d, banshtai tsai, Prim, Egi, Munkhdul, Gandantegchinlen, Haidav, herder, “ Um sain, boltugai, Danzanravjaa, Zanabazar’s, Erdene, Mandakhtsog Monkhbaatar, Monkhbaatar’s, Dalai Lamas, prostrated, He’d, Zuu, she’d, Santiago de, L.K, Advani, Emperor Babur, Ram, kar sevaks, Ayodhya, Narendra Modi, Munkhbaatar Batchuluun, Henry Wallace, Franklin D, Potemkin, Munkhbaatar, Gerelmaa, Giimaa, She’d, Eduardo Quintela, Aracely, Santiago’s, Joseph Brodsky’s, Muhammad’s, Hussein, William Keo, ” Khuder, pillion, Labaik, Hussein ”, O Hussein, hearkened, Prophet, Ali —, Ali, Yazid, Imam, crackling, chickpeas, Imam Ali, Imam Hussein, Saddam Hussein, Tusi, Qasim, Imam Hussein’s, Khuder, “ Will, Najaf, prestes, — I, Yasir Yaseen, Ashura, Ali Akbar, Abbas, Ali Asghar, “ We’re, Francisco Goya’s, Hussein’s, Groom, Joseph, ” Wissam, Turfi, Saddam —, Arbaeen, Saddam, “ Imam Hussein, WE, Muhammad, Barnaby Rogerson, Prophet Muhammad ”, ” Ali, Muhammad — Muhammad, formlessness, Muqtada al, Abrams, chiding, Abu Musab Al, Zarqawi, Al Qaeda, William, “ They’re, Ayatollah Ali Khamenei, flagellants, ruddy, stylishly, Hussein — shahid —, Farman Ahsan, Syed Salman Raza —, Saddam’s, ” Raza, William “, Ali Zayn al, Abidin, Labaik ya Hussein, thrall —, Lloyd, Susanne Rudolph — Organizations: CITY LA, LA, LA PAZ, Virgin, Crusaders, Dolorosa, Sun, The New York Times, Bolivian, Spain, La, Cordillera, Universidad Mayor de, Catholic, Good, La Paz, Dominican, Pakistan, Caesars, Nissan, Coke, Communists, Communism, ardor, Communist, Hyundai, flails, sacra, Apache, Mahdi Army, Al, ISIS, Karachi —, Princeton Locations: Bolivia, Mongolia, Iraq, Aatish Taseer Bolivia Mongolia Iraq, CITY LA PAZ, BOLIVIA, NAJAF, IRAQ, ULAANBAATAR, MONGOLIA, LA PAZ, La Paz, Bolivian, Copacabana, Lake Titicaca, New York, Christian, British, sondry, India, Delhi, Varanasi, Europe, American, Mecca, Arabia, Long, Vino Tinto, Chile, Peru, Monica, Plurinational State, Bolivia —, Americas, Spain, Columbian, Aztec Mexico, Inca Peru, Calvary Hill, Virgen del Cerro, South America, Puerto Rico, Huatajata, ”, Argentine, Universidad Mayor de San Andrés, Mexican, revelry, Spanish, “, morena, La, “ India, multilayered, Potosí, Argentina, Warisata, Scotch, Santiago de Compostela, Kingdom of Saudi Arabia, Nepal, Nations, El Alto, Buenos Aires, Bombay, Tibet, Bolivia’s, Yamuna Rivers, United States, Buddhist Mongolia, Ulaanbaatar, Mongolian, Istanbul, Asia, Islam, China, Beijing, Dadu, Erdene Zuu, Soviet, Gobi, Los Angeles, gers, Qing China, Karnataka, Töv Province, Karakorum, Khamar, Erdene, Ukraine, Korea, Golden, Bayankhongor, Lhasa, Dalai, Inner Mongolia, Mongol, Nalaikh, Santiago, Santiago de Compostela and Canterbury, Bulgan Province, Somnath, Gujarat, Ayodhya, Uttar Pradesh, ger, East German, Uvs Province, Pakistani, Indian, Tennessee, Najaf, Baghdad, Khuder, —, abayas, KARBALA, Kufa, Medina, Saudi Arabia, Karbala, Imam Ali, Bab, Kuwaiti, Bohras, South Asia, Tajikistan, Zaydis, Yemen, Alawites, Anatolia, Syria, Iran, Bahrain, Azerbaijan, Sadr, U.S, Jordanian, Al Qaeda, Mesopotamia, Al, Multan, Pakistan, Punjab, Pakistan’s, Islamabad, Lahore, Kuwait, Karachi, Doha, Qatar

☆ Instant View: BOJ modifies bond yield control, re-defines long-term rate cap
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +10 min

But it's also likely the BOJ have their finger on the intervention button to cap any runaway rally on USD/JPY." Nevertheless, this is working in a way to increase the volatility of the global rates market. This means it will still have a certain distance until the BOJ exit from the negative rate policy." "A yield cap isn't a yield cap if you change it every time the market gets close." The Bank of Japan could lift the negative policy rate to zero over the coming year.

Persons: Kim Kyung, KYLE RODDA, MATT SIMPSON, JPY, it's, NOMURA, They've, TONY SYCAMORE, normalisation, TAKAYUKI MIYAJIMA, ROB CARNELL, they're, JEFF NG, TOM NASH, OMORI, SHOTARO KUGO, me, IZURU KATO, MARCEL THIELIANT, today's, FREDERIC NEUMANN, CHRISTOPHER WONG, BOJ's, Sherry Jacob, Phillips Organizations: National Printing Bureau, Bank of Japan, REUTERS, Bank of, Nikkei, SAXO, SONY, ING, UBS, CHIEF, DAIWA, OF, HSBC, Global, Thomson Locations: Tokyo, Japan, Bank of Japan, MELBOURNE, BRISBANE, SINGAPORE, TOKYO, U.S, SYDNEY, ASIA, PACIFIC, CHIEF JAPAN, stagflation, OF ASIA, YCC, HONG KONG

REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsNov 1 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. But Asian markets' first chance to react to that will be Thursday. But if the yuan is under pressure, it is nothing compared to the onslaught Japan's yen is facing. The currency and bond market reactions to the BOJ's policy tweak could not have been more different - the yen fell the most since April, while Japanese bond yields surged to a fresh decade-high. World, U.S. and Asian stocks all fell for a third month in a row, bond yields surged and financial conditions tightened significantly.

Persons: Kim Kyung, Jamie McGeever, China's Organizations: National Printing Bureau, Bank of Japan, REUTERS, U.S . Federal, U.S, Treasury, PMI, Tuesday, China PMI, Indonesia CPI, Thomson, Reuters Locations: Tokyo, Japan, Asia, India, South Korea, Indonesia, Korean, Hong Kong, China

☆ Analysis: Yen comeback may be a longer waiting game
▼ + stars: | 2023-10-27 | by ( Tom Westbrook | ) www.reuters.com time to read: +5 min

One result is an uneasy calm in spot and options markets for dollar/yen as traders give up waiting for the yen to bounce. Driven weaker by the widening gap between U.S. and Japanese interest rates, the yen has lost 13% on the dollar this year and at 150 is near the three-decade low of 151.94 that prompted government intervention a year ago. Market participants say what's changed is the expectation that Japan would be in the driver's seat for the yen this year. Yet together with the risk of intervention, it only seems to have stopped the yen from falling, rather than driving the sort of rally investors had been girding for at the outset of 2023. To be sure, Sachdev said interest in 'carry trades' - borrowing yen to sell for higher-interest paying currencies is waning, while investors have been keen for long exposure to yen assets.

Persons: Kim Kyung, Patrick Law, Masafumi Yamamoto, Yen, Shafali Sachdev, Sachdev, Tom Westbrook, Jacqueline Wong Organizations: National Printing Bureau, Bank of Japan, REUTERS, Rights, Federal, Pacific FX, Bank of America, Bank of International Settlements, Bank of, Mizuho Securities, U.S ., Swiss, Reuters, BNP, Wealth Management, Citi, Thomson Locations: Tokyo, Japan, Rights SINGAPORE, Asia, Pacific, Hong Kong, U.S

☆ Japan likely won't intervene to reverse yen downtrend, ex-top currency diplomat says
▼ + stars: | 2023-10-08 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

There is no set rule or shared agreement among G7 advanced nations on what kind of currency moves are defined as "excess volatility" that justify intervention, Shinohara said. "But usually, when you talk about excess volatility you have in mind a timeframe of several days or weeks," rather than several months, he said in an interview on Friday. The remarks contrast with those of incumbent top currency diplomat Masato Kanda, who said on Wednesday that steady yen falls over a protracted period could also warrant intervention. G7 and G20 major economies have a shared understanding that currency moves ought to reflect economic fundamentals, and that excess volatility was undesirable. In Japan, the finance ministry has jurisdiction over currency policy and decides whether and when to intervene.

Persons: Kim Kyung, Naoyuki Shinohara, Shinohara, Masato Kanda, Leika Kihara, Kim Coghill Organizations: National Printing Bureau, Bank of Japan, REUTERS, Reuters, International Monetary Fund, Thomson Locations: Tokyo, Japan, TOKYO, Asia

☆ Morning Bid: Yen back near 150 as intervention chatter swirls
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +2 min

Tokyo has not confirmed any such move to support the yen , with both Japan's finance minister and its top currency diplomat making no direct comment. Tokyo last intervened to buy yen in September and October last year, when the currency eventually slumped to a 32-year low of 151.94 per dollar. In Asian hours, the yen was back just below the 150 mark and last at 149.27 per dollar. They continue to sell bonds, sending yields higher with the 10-year Treasury yield at a fresh 16 year peak. The benchmark 10-year Japanese government bond yield also clung to a 10-year high.

Persons: Kim Kyung, Ankur Banerjee, Kevin McCarthy, Edmund Klamann Organizations: National Printing Bureau, Bank of Japan, REUTERS, Ankur, Reuters, U.S . House, Ofcom, Labs, Thomson Locations: Tokyo, Japan, United States, U.S, Germany, France, Italy

☆ Norway fail to find balance as World Cup journey ends
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +3 min

Coach Hege Riise tinkered with her side throughout the World Cup but never managed to find the lineup or tactics that would get the most out of her squad, and she faces an uncertain future after a third poor showing in four tournaments. "But (Japan) did well, we played solid defence at times but not quite good enough." Norway's defence was also shaky, with Hansen at left back and youthful central defender Mathilde Harviken targeted by opponents. If Riise, a World Cup winner with Norway in 1995, cannot mend the bridges she burned by dropping Graham Hansen, she may not have another chance to see if she can get the most out of a side that is now best known for being far less than the sum of its parts. Reporting by Philip O'Connor, additional reporting by Nick Mulvenney, editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

Persons: Risa Shimizu, Mikalsen, Amanda Perobelli WELLINGTON, Hege Riise, Riise, Julie Blakstad, Emelie Haavi, Tuva Hansen, footers, Frida Maanum, Ingrid Engen, Vilde Boe Risa, Guro Reiten, Caroline Graham Hansen, Hansen, Mathilde Harviken, Maren Mjelde, Thea Bjelde, Ada Hegerberg, Sophie Roman Haug, Graham Hansen, Philip O'Connor, Nick Mulvenney, Christian Radnedge Organizations: Soccer Football, FIFA, Wellington Regional, Switzerland, Barcelona, Norwegians, Thomson Locations: New Zealand, Japan, Norway, Wellington , New Zealand, Tuva, Philippines

☆ Exclusive: ValueAct names Hale co-CEO, announces partner departures, strong gains
▼ + stars: | 2023-08-04 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

At the same time, ValueAct told investors in a letter seen by Reuters that three partners, including the firm's president Brandon Boze, are leaving. Boze will retire from the firm in 2024 and partners Dylan Haggart and Sarah Coyne will leave. ValueAct also pushed to replace four Seven & i Holdings directors with its own candidates this year, a campaign rejected by shareholders. "Rob has built what we believe is the premiere engagement investing franchise in Japan," the letter said. ValueAct said Coyne identified long-term super cycles as the market reached to short term datapoints.

Persons: Robert Hale, Mason Morfit, ValueAct, Brandon Boze, Boze, Dylan Haggart, Sarah Coyne, Morfit, Jeff Ubben, Hale, Rob, Haggart, Coyne, Svea Herbst, Bayliss, Nick Zieminski Organizations: Reuters, Microsoft, San, Fund, Japan Fund, Olympus, Holdings, Elliott Investment Management, Ubben's Inclusive, Spotify, New York Times, Svea, Thomson Locations: Japan, San Francisco, Seagate, Salesforce

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Persons: explainers Organizations: CNBC, Binance Locations: Japan

☆ Nidec's acquisitive CEO hails new Japan rules aimed at making takeovers easier
▼ + stars: | 2023-07-23 | by ( Makiko Yamazaki | ) www.reuters.com time to read: +3 min

[1/2] Nidec Corp's logo is pictured at an earnings results news conference in Tokyo, Japan, July 25, 2018. Nagamori welcomed the prospect of Japan becoming more receptive to unsolicited bids. Because unsolicited bids are seen as taboo, Nidec has typically focused on buying and turning around money-losing companies, he said, but "that takes time". In corporate Japan, unsolicited bids have been seen as too adversarial. he said, referring to Nidec's tender offer price with an 80% premium.

Persons: Kim Kyung, Shigenobu Nagamori, Nagamori, Nidec, Makiko Yamazaki, Miho Uranaka, Robert Birsel Organizations: REUTERS, Thomson Locations: Tokyo, Japan, TOKYO

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