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☆ Olympic moment of the day: France complete clean-sweep of the medals in the men’s BMX racing
  + stars: | 2024-08-02 | by ( Ben Morse | ) edition.cnn.com   time to read: +2 min
The French trio lead the men's BMX race. Daudet was the eventual gold medal winner with a time of 31.422, Andre finished in silver 0.284 seconds behind while Mahieu won bronze. French fans watching men's BMX racing celebrate afterwards. However, this was his fourth Olympic Games and he had never previously won an Olympic medal. Well now, he is a gold medal winner and stands alongside his fellow countrymen on the podium.
Persons: haven’t, – Joris Daudet, Romain Mahieu, Sylvain Andre –, Gonzalo Fuentes, Daudet, Andre, Mahieu, Thibaud Moritz, Saya Sakakibara Organizations: CNN, Olympics, Olympic Games Locations: Paris, AFP
☆ Saya Sakakibara: After her brother suffered a brain injury in a bike crash, BMX rider has a new perspective on success
  + stars: | 2024-07-09 | by ( Martynas Ruseckas | ) edition.cnn.com   time to read: +8 min
Another concussion in June 2022 in the middle of her World Cup campaign pushed Sakakibara towards breaking point. “I didn’t have a choice because my brother, Kai, was absolutely obsessed with riding bikes,” said Sakakibara. The start of the Tokyo Games, Sakakibara said, was “a big mess,” as she finished last in her first race. Sakakibara is carried away after a crash during the semifinal of BMX racing at the Tokyo Games. Now, Sakakibara is a two-time World Cup champion and has high expectations to become an Olympic medalist in Paris.
Persons: Saya Sakakibara, Sakakibara, “, ” Sakakibara, ”, ’ ”, Kai, Hannah Peters, ” Kai, Alise Willoughby, Pete Dovgan, Chris Hyde, Saakibara Organizations: CNN, Tokyo Games, CNN Sport, US Centers for Disease Control, BMX, Getty, Los Angeles Paralympic Games, Speed, Olympic, Games, Paris Locations: Switzerland, Australia, British, Japan, —, New South Wales, Tokyo, Australian, Paris, Yvelines
☆ 'Mr Yen' says Japan could intervene if yen falls to 155
  + stars: | 2024-03-20 | by ( Clement Tan | In Clemtan | ) www.cnbc.com   time to read: 1 min
Japanese authorities may intervene if the yen sinks to 155 to 160 against the dollar, according to a former top foreign exchange official Eisuke Sakakibara. The Bank of Japan's decision on Tuesday to exit the world's last remaining negative rates regime sparked a sell-off in the Japanese currency as Governor Kazuo Ueda reiterated monetary conditions will stay loose for the time being — given the fragile recovery in the Japanese economy. He also didn't commit to a terminal rate level. On Wednesday, ahead of the U.S. Federal Reserve's interest rate decision later in the day, the yen touched its weakest in four months against the dollar, falling to around 151 and tumbling against the euro to its lowest since 2008.
Persons: Kazuo Ueda Organizations: U.S Locations: U.S . Federal
☆ Weak yen gives Japan's automakers temporary relief from China pain
  + stars: | 2023-08-13 | by ( Daniel Leussink | Thomson Reuters | Daniel Leussink Is A Correspondent In Japan. Most Recently | ) www.reuters.com   time to read: +3 min
Nissan late last month upgraded its full-year operating profit forecast, raising it by 30 billion yen ($208 million) to 550 billion yen. About 20 billion yen of that came from the currency, CFO Stephen Ma told a briefing. At smaller Subaru (7270.T), a move of one yen against the dollar has a 20 billion yen impact on operating profit, CFO Katsuyuki Mizuma said earlier this month. On Wednesday, a Honda official said its April-June operating profit came in tens of billions of yen higher than expected, with the weak yen accounting for about half of that. It is unclear how long the weak yen will last.
Persons: Aly, Satoru Aoyama, Stephen Ma, Katsuyuki Mizuma, Eisuke Sakakibara, Mizuma, Daniel Leussink, David Dolan, Toby Chopra Organizations: Auto, REUTERS, Toyota, Honda, Nissan, Fitch, Japan, U.S . Federal Reserve, Subaru, Lexus, Reuters, Thomson Locations: Auto Shanghai, Shanghai, China, Asia, Europe, CHINA
☆ Japan's 'Mr.Yen' Sakakibara expects no yen intervention
  + stars: | 2023-08-07 | by ( Brigid Riley | ) www.reuters.com   time to read: +3 min
Japan's former currency czar Eisuke Sakakibara speaks at an interview with Reuters in Tokyo, Japan February 6, 2017. Sakakibara gained a reputation as a market mover in the 1990s after devising several currency interventions during his time as vice finance minister, earning him the nickname "Mr Yen". Sakakibara takes Bank of Japan head Kazuo Ueda at his word that easy policy will be retained for the time being. Japan's Ministry of Finance intervened in October when the yen slipped to 149.70 against the dollar, and speculation grew that the currency could tumble further. While the chance that the yen weakens further against the dollar can't be completely dismissed, Sakakibara believes the "tide has changed" for dollar-yen.
Persons: Eisuke Sakakibara, Kim Kyung, Sakakibara, Mr Yen, Kazuo Ueda, Brigid Riley, Hiroko Hamada, Shri Navaratnam Organizations: Reuters, REUTERS, U.S, U.S . Federal Reserve, of Finance, Bank of Japan, Fed, Bank, Japan, Japan's Ministry of Finance, Thomson Locations: Tokyo, Japan, U.S, Japan's
☆ 'Mr. Yen' says the currency could plunge further — and 170 per dollar is 'well on the scope'
  + stars: | 2022-10-26 | by ( Jihye Lee | ) www.cnbc.com   time to read: +4 min
Toru Hanai | Bloomberg | Getty ImagesThe Japanese currency could weaken even further to 170 levels against the U.S. dollar next year, according to Japan's former vice minister of finance for international affairs, Eisuke Sakakibara. Commenting on reports of yet another intervention being conducted by officials late last week, Sakakibara said, "Most of the business people are now expecting further depreciation of the yen. Sakakibara's forecast for the yen comes as Japanese officials remain tight-lipped on publicly confirming a second intervention taking place to defend the currency. watch nowA majority of economists polled by Reuters expected no change to the nation's dovish monetary policy in its next meeting slated for Thursday. 'A history of failed interventions'Even if authorities continue to intervene to defend its currency, it won't have much of an effect, Sakakibara said.
☆ Japan's former vice minister of finance discusses weakening yen
  + stars: | 2022-10-25 | 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 EmailWeak yen: Japan authorities know intervention itself isn't that effective, says former officialEisuke Sakakibara, president of the Institute for Indian Economic Studies and former vice minister of finance and international affairs, says "some other measures may be necessary."
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