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☆ Analysis: Trauma of Japan's deflation battle keeps BOJ wary of policy shift
▼ + stars: | 2023-06-08 | by ( Leika Kihara | ) www.reuters.com time to read: +5 min

Having taken part in Japan's battle with deflation as BOJ board member from 1998 to 2005, Ueda knows all too well the danger of a premature exit from ultra-loose policy. Wary of a wobbly recovery, he opposed the BOJ's decision in 2000 to raise short-term rates to 0.25% from zero. On the surface, conditions for phasing out a portion of the BOJ's massive stimulus appear to be falling in shape. To be sure, Ueda has left scope to tweak YCC in case inflation continues to overshoot the BOJ's forecasts. In a group interview last month, Ueda said the BOJ could tweak YCC "if the balance between the benefit and cost of our policy shifts."

Persons: Ueda, Kazuo Ueda, Haruhiko Kuroda, Leika Kihara, Sam Holmes Organizations: REUTERS, Bank of Japan, Companies, Thomson Locations: Japan, Tokyo, TOKYO, U.S, China

☆ Washington and Tokyo vow closer chip cooperation
▼ + stars: | 2023-05-27 | by ( ) www.reuters.com time to read: +2 min

[1/2] Nishimura Yasutoshi, Minister of Economy, Trade and Industry (METI), talks during an interview with Reuters in Tokyo, Japan, April 5, 2023. In a joint statement, the two countries agreed to increase cooperation between their research and development hubs, as they map out future technology collaboration. The statement came after Japan's Minister of Economy, Trade and Industry Yasutoshi Nishimura met in Detroit with U.S. Secretary of Commerce Gina Raimondo. The two countries agreed to work together "to identify and resolve geographic concentrations of production undermining semiconductor supply chain resilience". Raimondo on Thursday met China's Minister of Commerce Wang Wentao in Washington where the pair exchanged views on trade, investment and export policies.

☆ 5 reasons G7 Summit 2023 in Hiroshima, Japan matters
▼ + stars: | 2023-05-18 | by ( Brad Lendon | ) edition.cnn.com time to read: +9 min

CNN —This year’s G7 meeting in Japan holds special significance, not only for its location. Japanese Prime Minister Fumio Kishida arrives at Hiroshima airport to attend the G7 leaders' summit in Hiroshima, Japan, on Thursday. Together with his wife Britta Ernst, German Chancellor Olaf Scholz boards an air force plane for his trip to Hiroshima and the G7 summit. The biggest challenge for the G7 leaders may be keeping that momentum going. Two of the biggest holders of that debt, Japan and Britain, will be at the table with Biden in Hiroshima.

WASHINGTON/PARIS, May 17 (Reuters) - The longest shadows at the Group of Seven (G7) leaders' summit this week will be cast by two countries that weren't even invited to the Hiroshima gathering: China and Russia. The G7 countries -- the United States, Japan, Germany, the United Kingdom, France, Canada and Italy -- are all closely tied economically to China, the world's second-largest economy and a key global manufacturing base and market. "Everything is part of the great power competition that is taking place between the United States and Russia, and the United States and China." A woman walks past a “G7 Hiroshima” flower installation near the Peace Memorial Museum, ahead of the G7 summit, in Hiroshima, Japan, May 17, 2023. The United States is at the forefront in pushing for stronger investment controls, yet Germany is more cautious, given its heavy reliance on trade with Beijing.

The G7 countries -- the United States, Japan, Germany, the United Kingdom, France, Canada and Italy -- are all closely tied economically to China, the world's second-largest economy and a key global manufacturing base and market. "Everything is part of the great power competition that is taking place between the United States and Russia, and the United States and China." A woman walks past a “G7 Hiroshima” flower installation near the Peace Memorial Museum, ahead of the G7 summit, in Hiroshima, Japan, May 17, 2023. The G7 is looking to draw closer to members of the "Global South" to counter China's role on the global stage. The United States is at the forefront in pushing for stronger investment controls, yet Germany is more cautious, given its heavy reliance on trade with Beijing.

☆ Shionogi sees COVID pill reaping $2 billion in annual sales upon U.S. approval
▼ + stars: | 2023-02-27 | by ( Rocky Swift | ) www.reuters.com time to read: +3 min

Xocova, a protease inhibitor like the COVID treatments developed by Pfizer Inc (PFE.N) and Merck & Co (MRK.N), was granted emergency approval by Japanese regulators in November, making it the nation's first domestically produced oral treatment for COVID. "If you kill the virus fast enough and sharp enough, the lower the probability of long COVID. According to one study by the Veterans Affairs St. Louis Health Care System, Pfizer's antiviral drug Paxlovid cuts the risk of developing many long COVID symptoms. Shionogi is hoping for Xocova sales of around $1 billion to $1.5 billion this year. "I have no regrets," Teshirogi said, adding that expectations among shareholders and the public had demanded that Shionogi devote its resources to fighting COVID.

☆ Analysis: Renault cedes power at Nissan for uncertain benefits
▼ + stars: | 2023-01-30 | by ( Gilles Guillaume | ) www.reuters.com time to read: +5 min

[1/2] The Nissan logo is seen on a car wheel at Nissan Gallery in Yokohama, Japan November 29, 2021. REUTERS/Androniki ChristodoulouPARIS, Jan 30 (Reuters) - Renault and Nissan hailed a new deal announced on Monday as a major step in reviving their two decade alliance. The deal, months in the making and still subject to board approvals, will see Renault (RENA.PA) reduce its stake in Nissan to 15% from around 43%. The deal sees Nissan commit to invest in Renault's flagship Ampere electric vehicle unit, which was the French group's key goal. "It is interesting for Renault to see Nissan enter Ampere, if only for financing projects.

☆ Japan whaling firm pins hopes on vending machines to revive sales
▼ + stars: | 2023-01-24 | by ( Chris Gallagher | ) www.reuters.com time to read: +3 min

[1/6] A customer buys whale meat on the opening day of the shop by a Japanese whale-hunting company with vending machines, in Yokohama, Japan, January 24, 2023. REUTERS/Androniki ChristodoulouYOKOHAMA, Jan 24 (Reuters) - A Japanese whaling firm unveiled vending machines offering whale sashimi, whale steak and whale bacon in Yokohama on Tuesday in hopes of reviving sales of a food long in decline and shunned by many supermarkets. At its peak in 1962, annual whale meat consumption was 233,000 tonnes. Conservationists say moves to promote whale meat are desperate attempts to revive interest in a struggling business. Whale meat advocates point to its high protein content and low carbon footprint compared with other meats.

[1/2] Participants look around Japan's Maritime Self-Defense Force's vessel at a recruiting event in Yokosuka, Japan December 10, 2022. The five-year plan unveiled on Friday will double Japan's defence spending and add new capabilities, including long-range missiles and an expanded cyber warfare unit. "It is just a paper plan and that should be corrected," said Yoji Koda, a retired navy admiral, who commanded the Japanese fleet in 2007-2008. Koda said the plan would limit Japan's ability to fight in situations such as land invasions and sea battles, giving its foes an advantage. Japan's defence ministry did not immediately respond to a request for comment.

☆ Keeping up with the Morohoshis: Buying a bomb shelter in the Tokyo suburbs
▼ + stars: | 2022-12-08 | by ( Rocky Swift | ) www.reuters.com time to read: +4 min

[1/7] Megumi Morohoshi, a Japanese mother of three, poses for a photo inside her family's newly installed bomb shelter in Saitama, Japan December 5, 2022. But the invasion of Ukraine followed by a barrage of North Korean missiles convinced her the threat was urgent. And the following month an intercontinental ballistic missile (ICBM) landed just 200 km (130 miles) from the northwestern coast. The shelters, custom-built at Nao's factory in Ibaraki prefecture, north of Tokyo, cost 6 million yen ($44,000) before installation expenses. Morohoshi's unit, delivered late last month, is an austere white box with "CRISIS-01" emblazoned on the side, with external cameras mounted on it.

☆ Fritz leads American quartet into Paris Masters second round
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +2 min

Fritz, the highest-seeded American in the draw beat Alejandro Davidovich Fokina 7-5 6-2 on the back of a decent first serve despite trailing by a break in the opening set. He's got weapons on both sides, he's extremely quick as well, so there's nowhere you can really play with a lot of safety," Fritz said. "Felix has played really, really well, so he deserves it, but I am going to try to steal his spot this week for sure." Frances Tiafoe also moved into the second round without conceding a break point with a 6-4 6-4 win over Lorenzo Sonego while fellow American Maxime Cressy ousted Argentine Diego Schwartzman 6-3 6-3. Defending champion Novak Djokovic, world number one Carlos Alcaraz, Rafa Nadal and Daniil Medvedev are among the main seeds who received a bye into the second round.

☆ ATP roundup: Frances Tiafoe battles back in Stockholm
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +3 min

3 seed Frances Tiafoe won two tiebreakers to complete a 3-6, 7-6 (4), 7-6 (2) comeback win over Swedish wild card Elias Ymer in the second round of the Stockholm Open on Thursday in Sweden. Despite Ymer winning 47 of his 59 first-service points (80 percent) and holding a 20-11 advantage in aces, Tiafoe controlled both tiebreakers. Second seed Felix Auger-Aliassime of Canada was spared, as he bested Frenchman Manuel Guinard 6-3, 6-3. 4 Lorenzo Musetti defeated Serbia's Laslo Djere 7-5, 6-3 to ensure two Italians reached the quarterfinals in Naples, Italy. McDonald beat Italian qualifier Francesco Passaro 6-3, 7-5 before surprising No.

☆ The metaverse: How it became real estate's new frontier
▼ + stars: | 2022-09-23 | by ( Thomas Page | ) edition.cnn.com time to read: +12 min

The metaverse – a growing number of immersive virtual online worlds where users live and play – has become a hotbed of real estate speculation. Look beyond the numbers, however, and you’ll find whole professions being shaken up, from architects and designers to developers and real estate agents. But could real estate in the metaverse ever become as reliable an investment as bricks and mortar? “It’s hard to know if the real estate inside (metaverses) is going to be stable … Least of all us, and we’re deeply in it,” said Yorio. “It’s very possible that real estate in the metaverse is a stable investment in the future,” said Robson, of analytics company WetMeta, in an email.

☆ FOTO // Și Europa poate lua foc din cauza temperaturilor arzătoare; Care sunt țările cu cel mai mare risc la incendii
▼ + stars: | 2021-07-06 | by ( ) www.jurnal.md time to read: +7 min

Țările europene expuse riscului de incendii forestiereÎn ultimii ani, impactul incendiilor forestiere asupra oamenilor și a naturii a crescut în toată Europa. Președintele Nicos Anastasiades a declarat că a fost o zi foarte dificilă pentru țară și a promis că guvernul va oferi ajutor imediat victimelor. După 10 zile de temperaturi extreme și secetă, insula Kefalonia a fost cuprinsă sâmbătă de incendii de proporții. Deși cauza incendiilor nu a fost încă stabilită, în Sicilia există o istorie a incendiilor provocate de disputele funciare. EPA/KATIA CHRISTODOULOUepa09321433 A view of the smoke emitted by a fire in the mountains, in Larnaca region, Cyprus, 03 July 2021.

Persons: Frans Timmermans, Anastasiades Organizations: Comisia Europeană, Mediului, Pădurilor, farm, July, EPA Locations: Europa, Mediterane, Bosnia, Kosovo, Serbia, Laponia, Europa Cipru, Cipru, Nicosia, Regiunea, Israel, UE, Ciprului, Grecia, Greciei, de Sud, Tesalia, Attica, Kefalonia, Spania, Casabermeja, Malaga, Andaluzia, Italia, Siciliei, Siracuza, Catania, Sicilia, epa09322099, Larnaca, Cyprus, Limassol, and spreading, Larnaca region

☆ Un bărbat a pierdut Bitcoin în valoare de 600.000 de dolari după ce a descărcat aplicația greșită
▼ + stars: | 2021-04-02 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Un bărbat a pierdut Bitcoin în valoare de 600.000 de dolari după ce a descărcat aplicația greșită. S-a întâmplat în luna martie, când Phillipe Christodoulou a descărcat o aplicație greșita pentru a-și stoca valuta de criptomonede, scrie b1.ro. Bărbatul nu știa că aplicația a fost lansată special pentru a frauda pe cei care dețin monede virtuale. Însă, Christodoulou a dat vina mai mult pe companie decât pe hoții care i-au furat aproape toate economiile. Hoții și-au strecurat aplicația sub deghizarea unui serviciu de criptare, iar după ce a fost aprobată, aplicația a fost schimbată într-o imitație a dezvoltatorului de portofele pentru criptovalută Trezor.

Persons: Phillipe Christodoulou Organizations: Apple, Google, Compania

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