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☆ Threads user count falls to new lows, highlighting retention challenges
▼ + stars: | 2023-08-03 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

The data from market research firms Similarweb and Sensor Tower highlight the challenges facing Meta as it seeks to exploit the opening created by the chaos surrounding Twitter’s management. Threads’ daily active user count is down 82% from launch as of July 31, according to Sensor Tower, with just eight million users accessing the app each day. On its launch day, Threads users opened the app an average of 14 times and spent an average of 19 minutes scrolling through it, the company reported. The steepest drop-off occurred in the two weeks immediately following Threads’ launch. According to Sensor Tower, Threads’ daily active user count is still falling at a rate of roughly 1% per day.

Persons: Abe Yousef, David Carr, Mark Zuckerberg, ”, we’re, Zuckerberg Organizations: DC CNN, Twitter, Similarweb Locations: Washington

☆ Some at Bank of Japan baulked at ex-chief Kuroda's 'bazooka' stimulus, 2013 meeting minutes show
▼ + stars: | 2023-07-31 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

[1/2] Bank of Japan (BOJ) Governor Haruhiko Kuroda speaks during a news conference after attending the Monetary Policy Meeting at BOJ headquarters in Tokyo, Japan January 18, 2023, in this photo released by Kyodo. TOKYO, July 31 (Reuters) - Some Bank of Japan (BOJ) policymakers baulked at former chief Haruhiko Kuroda's idea of deploying a "bazooka" massive stimulus a decade ago, unconvinced central banks had the power to jolt public perceptions, accounts of the meeting released on Monday showed. Former banker Koji Ishida said he would propose reviewing the stimulus programme if no tangible results were seen one year into its launch, the minutes showed. Since then, the BOJ has capped long-term borrowing costs at about zero and has pledged to maintain ultra-low interest rates until its 2% inflation target is sustainably met and accompanied by wage growth. After serving two, five-year terms, Kuroda stepped down from the top BOJ post in March.

Persons: Haruhiko Kuroda, baulked, Haruhiko, Shinzo Abe, Kuroda, Masaaki Shirakawa, Hiroshi Nakaso, Takahide Kiuchi, Takehiro Sato, Sato, Koji Ishida, Leika Kihara, Jamie Freed Organizations: Bank of Japan, Kyodo ., Thomson Locations: Tokyo, Japan, Kyodo . TOKYO

☆ A history of the Mar-a-Lago club, the site at the center of Donald Trump's confidential documents case
▼ + stars: | 2023-07-29 | by ( Sebastian Cahill | ) www.businessinsider.com time to read: +4 min

When the White House refused it, citing high maintenance costs, Donald Trump purchased the estate. The 20-acre Mar-a-Lago property, meaning "Sea to Lake" in Spanish, is bordered by the Atlantic Ocean and Lake Worth. While in office, he referred to the estate as the "Winter White House." Former White House Press Secretary Stephanie Grisham alleges Trump casually presented some of the documents to guests of the estate. Tuesday, Judge Aileen Cannon, a Trump nominee, will preside over Trump's first pretrial hearing for the case.

Persons: Donald Trump, Donald Trump's, Marjorie Merriweather, Michael Luongo, Trump, Xi Jinping, Shinzo Abe, Stephanie Grisham, Aileen Cannon, Trump's Organizations: White, Service, Lago, Postum Cereal Company, NPR, Smithsonian Magazine, Palm, Post, Mar, Country, Town, White House Press, Trump Locations: Lago, Wall, Silicon, Lake Worth, Palm Beach, Florida, Syria, Mar, Palm

Tokyo CNN —Japan’s population crisis is accelerating, with the number of nationals falling by more than 800,000 in the past year – echoing similar trends seen in other East Asian countries. As of January 1 this year, Japan’s total population stood at 125.4 million, including both Japanese and foreign residents, according to data released on Wednesday by Japan’s internal affairs ministry. The number of foreign residents rose by nearly 289,500 compared to the previous year – a significant increase of more than 10%. But the number of Japanese residents shrank by 800,523, marking the 14th consecutive year of contraction since a peak in 2009, said the ministry. However, due to the rise in foreign residents, the capital Tokyo saw a slight increase in overall population of all residents regardless of nationality.

Persons: Fumio Kishida, –, Shinzo Abe Organizations: Tokyo CNN, CNN Locations: Tokyo, Japan, China, South Korea, Singapore, Taiwan

☆ Dollar teeters near one-year low; euro scales 17-month peak
▼ + stars: | 2023-07-18 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

FILE PHOTO: U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. “I think the dollar can stay under selling pressure,” said Carol Kong, a currency strategist at Commonwealth Bank of Australia. Money markets have largely priced in a 25-basis-point rate hike from the Fed at its policy meeting later this month, though see rates coming down as early as December. Conversely, investors expect the European Central Bank and the Bank of England to have further to go in their rate-hike cycle. Elsewhere, the Japanese yen rose marginally to 138.66 per dollar and remains more than 4% clear of a seven-month low it hit last month.

Persons: Rick Wilking, ”, Carol Kong, Ryota Abe, China’s, Khoon Goh Organizations: greenback, REUTERS, U.S, Federal Reserve, Commonwealth Bank of Australia, “, Fed, European Central Bank, Bank of England, Bank of Japan, SMBC, Reserve Bank of Australia’s, New Zealand, ANZ Locations: SINGAPORE, Westminster , Colorado, Asia

☆ Dollar teeters near one-year low while euro scales 17-month peak
▼ + stars: | 2023-07-18 | by ( ) www.cnbc.com time to read: +3 min

"I think the dollar can stay under selling pressure," said Carol Kong, a currency strategist at Commonwealth Bank of Australia. Money markets have largely priced in a 25-basis-point rate hike from the Fed at its policy meeting later this month, though see rates coming down as early as December. Conversely, investors expect the European Central Bank and the Bank of England to have further to go in their rate-hike cycle. Elsewhere, the Japanese yen rose marginally to 138.66 per dollar and remains more than 4% clear of a seven-month low it hit last month. The Bank of Japan, or BOJ, holds its monetary policy meeting next week, with investors on the lookout for whether the central bank will start phasing out its ultra-dovish policy stance.

Persons: Carol Kong, Ryota Abe, China's, Khoon Goh Organizations: greenback, U.S, Federal Reserve, Commonwealth Bank of Australia, Fed, European Central Bank, Bank of England, Bank of Japan, SMBC, Reserve Bank of Australia's, New Zealand, ANZ Locations: Asia

☆ A Turning Point for Military Spending
▼ + stars: | 2023-07-12 | by ( David Leonhardt | More About David Leonhardt | ) www.nytimes.com time to read: +1 min

But starting in 2012, Shinzo Abe, then the prime minister, began pushing for a new approach, one that he argued was more fitting for modern realities. Japan’s current prime minister, Fumio Kishida, plans to raise defense spending gradually to 2 percent of economic output, and the public reaction has been “remarkably sanguine,” Motoko says. The additional money that countries spend on defense is money they cannot spend on roads, child care, cancer research, refugee resettlement, public parks or clean energy, my colleague Patricia points out. One reason Macron has insisted on raising France’s retirement age despite widespread protests, analysts believe, is a need to leave more money for the military. Those other countries, sensing a more threatening world, are now once again promising to pull their weight.

Persons: Shinzo Abe, Motoko Rich, Fumio Kishida, ” Motoko, Patricia, Macron, — Organizations: North Locations: Japan, Germany, Tokyo, China, North Korea

Public prosecutors in Japan have not released information regarding the case and did not respond to CNN’s request for comment. Rina Gonoi, a former member of Japan's Ground Self-Defense Force, checks old photos on her phone. “That makes it hard for people to speak out.”Rina Gonoi says she endured physical and verbal sexual abuse while she served in Japan's Self-Defense Forces. In 1992, Japan’s National Defense Academy finally began accepting women, which made it possible for them to become senior officers. “We are aware that the perpetrators of sexual harassment cases are scheduled to be punished severely.

Persons: Tokyo CNN — Rina Gonoi, Gonoi, “, ”, Rina Gonoi Gonoi’s, Staff Yoshihide Yoshida, dishonorably, Rina Gonoi, Philip Fong, Japan’s, Fumika Sato, ” Sato, Sato, ” Rina Gonoi, Rina, Shinzo Abe, Richard A, Brooks, –, ” Gonoi, Gonoi’s, I’d, Yasukazu Hamada, Fumio Kishida, hasn’t, you’ve, “ I’m Organizations: Tokyo CNN, Defense Force, Japan’s Ministry of Defense, Staff, Defense Forces, NHK, Public, Getty, Hitotsubashi University, Defense Ministry, CNN, National Press Club, Japan’s National Defense Academy, Defense, Japan’s, Self - Defense Force, Ministry of Defense, ”, “, SDF Locations: Japan’s, Japan, AFP, Japan's, North Korea, China, Tokyo, Higashi, Miyagi, Fukushima

REUTERS/Issei KatoTOKYO, July 8 (Reuters) - Japan on Saturday marked one year since former prime minister Shinzo Abe was gunned down during an election speech by a man angry at his links to the Unification Church. The death of Japan's longest serving prime minister, which was caught on video, rattled a nation unused to gun violence. Prime Minister Fumio Kishida and other senior officials and lawmakers joined Abe's widow, Akie, at a private memorial service at a Buddhist temple in Tokyo. Among them was Tsuu Ogawa, 49, a hotel worker, who celebrated her birthday the day that Abe was assassinated. In social media posts before the shooting, he blamed the Unification Church for leaving his mother in financial straits.

Persons: Shinzo Abe, Issei Kato TOKYO, Japan's, Fumio Kishida, Akie, Tsuu Ogawa, Abe, Critics, Atsuhiro Ueda, Kishida, Tetsuya Yamagami, Daishiro Yamagiwa, Tim Kelly, Irene Wang, Kim Coghill Organizations: REUTERS, Unification Church, Liberal Democratic Party, Unification, Korean, Economic, Thomson Locations: Zojoji, Tokyo, Japan

☆ Zoom sees 'strong growth' across APAC region despite weaker outlook
▼ + stars: | 2023-07-07 | 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 EmailZoom sees 'strong growth' across APAC region despite weaker outlookZoom’s head of international, Abe Smith, said the video communications company is “extremely optimistic” about the growth of its phone product in Asia Pacific.

Persons: Abe Smith Locations: APAC, Asia Pacific

☆ Zoom is 'extremely optimistic' about growth in Asia-Pacific despite weaker outlook
▼ + stars: | 2023-07-07 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +2 min

watch nowZoom is "doubling down" on its technical investments in the Asia-Pacific region as it seeks to strengthen growth, said the video communications company on Friday. We made a strong commitment about two years ago to really turn on the speed and step on the gas," Abe Smith, Zoom's head of international, told "Squawk Box Asia." watch nowHowever, Smith said Zoom is "extremely optimistic" about the growth of its phone product in Asia Pacific. Zoom's A.I. Zoom's big bet on AI also includes an investment in Anthropic, an AI safety and research company, back in May.

Persons: Abe Smith, Zoom's, Smith Organizations: Microsoft Locations: Asia, Pacific, Singapore, India, Chennai, Bangalore, Asia Pacific, Anthropic

☆ Does It Help With the Regret, Too? Hangovers Meet IV Drips.
▼ + stars: | 2023-06-29 | by ( Amelia Nierenberg | ) www.nytimes.com time to read: +1 min

“Getting an IV at home after a hangover is like a flex,” said Dr. Abe Malkin, the chief executive and founder of Drip Hydration. I don’t need to sit and suffer.’”Many users see the drips as an add-on to a weekend splurge, especially in party destinations. In Miami, Lupo Yachts, a charter luxury tour company, offers a suggestion for an IV drip company to groups. Let’s fix you.’”Hospitals use IV drips regularly to hydrate patients, said Dr. Ali Raja, the deputy chair of emergency medicine at Massachusetts General Hospital. Dr. Raja said that there was only limited scientific research into the treatments.

Persons: ”, Abe Malkin, Lupo, Michael Lupolover, “, ‘ I’m, I’m, ’ ”, Rob McAdams, Ali Raja, Raja Organizations: In Miami, Lupo Yachts, Massachusetts General Hospital Locations: Las Vegas, Coachella, In, Massachusetts

☆ Japan stocks are roaring back. This rally may be different from the 1990's 'bubble high'
▼ + stars: | 2023-06-27 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +6 min

The bubble burst after the Bank of Japan tightened monetary policy at the start of 1990, triggering the collapse of equity and land prices. But analysts who spoke to CNBC said Japan is not headed for another crash like the one during the bubble. Furthermore, "current high inflation rates in Japan are due to higher import costs on the back of a weaker yen and high commodity prices. What led to Japan's bubble? Nikkei reported in March that share buybacks by Japanese companies was set to reach their highest level in 16 years.

Persons: Kazuhiro NOGI, KAZUHIRO NOGI, Nogi, Dong Chen, Ryota Abe, Abe, Japan's, Shinzo Abe, Chen, SMBC, Warren Buffet's Organizations: Nikkei, Getty, Afp, Bank of Japan, CNBC, Sumitomo Mitsui Banking Corporation, Tokyo Exchange, Billionaire, Global Locations: Tokyo, AFP, Japan, China

☆ The impact of Saudi Arabia's investments in sports
▼ + stars: | 2023-06-23 | 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 EmailThe impact of Saudi Arabia's investments in sportsAbe Madkour, Sports Business Journal Executive Editor, joins 'Last Call' to talk Saudi investments in sports and its global impact.

Persons: Abe Madkour Organizations: Sports Business Locations: Saudi

☆ Gifu, Japan shooting: Two dead after JGSDF member allegedly opens fire in military shooting range
▼ + stars: | 2023-06-14 | by ( Junko Ogura | ) edition.cnn.com time to read: +2 min

Tokyo CNN —Two people were killed Wednesday after a cadet allegedly opened fire on members of his own unit at a military training center in central Japan, the country’s Ground Self-Defense Force (SDF) has told CNN. The shooting took place during a live-fire training exercise and several other people were wounded, the SDF confirmed to CNN. Japan’s Chief Cabinet Secretary Hirokazu Matsuno said the incident happened around 9 a.m. at a shooting range in Hino City in the central Japanese prefecture of Gifu. Japanese public broadcaster NHK reported that the suspect was a teenage member of the SDF who allegedly fired an automatic rifle. Last month, four people – including two police officers – died in a shooting and stabbing incident in Nakano City in central Japan.

Persons: Hirokazu Matsuno, Staff Yasunori Morishita, –, Shinzo Abe Organizations: Tokyo CNN, Defense Force, CNN, Staff, NHK, National Police Agency Locations: Japan, Hino City, Japanese, Gifu, Nakano City

☆ Investors Are Putting Big Money Into Japan Again. Here’s Why.
▼ + stars: | 2023-06-14 | by ( Vivek Shankar | ) www.nytimes.com time to read: +1 min

The prime minister, Shinzo Abe, stood in front of the cameras in 2014 and said he was going to shake up the staid ways companies operated in Japan. Shellshocked by years of economic malaise that followed the bubble of the 1980s, Japanese executives had clung to the status quo for years. The Tokyo Stock Exchange has implored companies to be “conscious” of their share prices. Japan’s Nikkei 225 index has jumped nearly 30 percent this year, far outstripping the gains for the S&P 500, the benchmark in the United States. The Nikkei has not been this high since the early 1990s, when Japan was slumping into what is known as the Lost Decade.

Persons: Shinzo Abe, Uniqlo, Warren Buffett Organizations: Citizen Watch, Tokyo Stock Exchange, Nikkei Locations: Japan, United States

TOKYO, June 13 - Japan's benchmark Nikkei gauge surged on Tuesday, closing over 33,000 for the first time in 33 years, led by technology shares on expectations of a flood of investment in chip-related companies. The Nikkei (.N225) climbed for a third-straight session, adding 1.8% to 33,018.65, closing above the key psychological level for the first time since July 1990. Global shares climbed on Monday ahead of closely watched U.S. inflation data on and policy decisions from the Federal Reserve, Bank of Japan, and other central banks. Toyota's EV strategy "was well received by the market, and also last night the U.S. market was strong, so we have a strong market today," said Daiwa Securities strategist Kenji Abe. The auto sector (.TEWP.T) rose 3.4% to become the best performer among the Tokyo Stock Exchange's 33 industry sub-indexes.

Persons: Kenji Abe, Drugmaker Eisai, Rocky Swift, Sonia Cheema Organizations: Nikkei, SoftBank Group Corp, Intel Corp, Advantest Corp, Toyota Motor Corp, Global, Federal Reserve, Bank of Japan, Daiwa, Tokyo Stock, Thomson Locations: TOKYO, U.S

☆ Japan’s economic scars might blind it to inflation
▼ + stars: | 2023-06-13 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +8 min

Investors worry about market ructions if Ueda hikes rates now but there is another risk: that he waits too long. Reuters GraphicsUeda’s inaction – and the domestic markets’ positive response – have bought him time to focus on evaluating macroeconomic fundamentals, particularly inflation. The country only emerged from a decades-long deflationary rut relatively recently, so local economists, executives and consumers are unused to worrying about consumer prices rising too fast. The government’s latest draft of its long-term economic plan, seen by Reuters on June 2, remains focused on eradicating Japan's “long-held deflationary mindset”. "We expect inflation to quite clearly slow below 2%" toward the middle of the current fiscal year, Ueda told parliament.

Persons: Kazuo Ueda, Haruhiko Kuroda, Ueda, ’, –, Richard Koo, Shinzo Abe, Francesco Guerrera, Katrina Hamlin Organizations: Reuters, Bank of Japan, Nikkei, Nasdaq, Bank for International, Toyota, Toshiba, Black Monday, Japan Inc, International Monetary Fund, of, Thomson Locations: TOKYO, Japan, United States, U.S, Great, China, Europe, Germany, Italy, of Japan’s

☆ Japan optimism has been fueled by 'game-changing' reforms and Warren Buffett: Here's what you need to know
▼ + stars: | 2023-06-13 | by ( Clement Tan | ) www.cnbc.com time to read: +8 min

The Tokyo Exchange Group recently finalized its market restructuring rules. Warren Buffett's bullish calls on Japanese equities has also helped boost confidence among foreign investors. It could in turn lead to a domino effect among other Japanese companies once the big players start to make changes. Corporate governance is the "third arrow" of the three core tenets of Abenomics — monetary easing and fiscal stimulus are the other two. Buffett's May disclosures helped spur 10 straight weeks of net foreign purchases of Japanese equities.

Persons: Richard A, Brooks, Oliver Lee, Warren Buffett's bullish, —, Yunosuke Ikeda, Nomura's Ikeda, Shinzo Abe, Warren, Berkshire, Asli, Shuntaro Takeuchi, Matthews Asia, Buffett, Berkshire Hathaway, that's, Matthews Asia's Takeuchi, We're, Oliver Lee Eastspring, Eastspring's Lee Organizations: Afp, Getty, Nikkei, Tokyo Stock Exchange, Tokyo Exchange Group, CNBC, Tokyo bourse, Berkshire Hathaway, Kyoto, Investing, Buffett, Foreigners, Japan Ministry of Finance, Kyoto University's Graduate School of Management, Graduate School of Economics, Mitsui & Co, Hitachi Locations: Japan, Tokyo, Singapore, Abenomics, San Francisco

☆ 'Big money never buys cheap': Why investors are waiting on Japan
▼ + stars: | 2023-05-18 | by ( Summer Zhen | ) www.reuters.com time to read: +5 min

Yet for many, the lofty milestones are a reminder that Japan's stocks have gone sideways for years, making many foreign asset allocators reluctant to venture into the market. "A very significant inflow from global investors (followed)," Powell said, "but then unfortunately, a lot of the enthusiasm has dissipated." Swiss wealth manager Union Bancaire Privée is also underweight Japan, with the policy outlook presenting currency risks. BIG MONEY WAITINGThe policy and communication challenge for new BOJ governor Kazuo Ueda is a tricky one. "Big money never buys cheap, it buys momentum."

☆ Analysis: 'Big money never buys cheap': Why investors are waiting on Japan
▼ + stars: | 2023-05-18 | by ( Summer Zhen | ) www.reuters.com time to read: +5 min

☆ Tightening Supreme Court Ethics Rules Faces Steep Hurdles
▼ + stars: | 2023-05-05 | by ( Charlie Savage | ) www.nytimes.com time to read: +1 min

The drumbeat of revelations that Justice Clarence Thomas did not disclose lavish gifts and significant financial arrangements with a billionaire Republican donor has put a spotlight on the fact that the Supreme Court has the weakest ethics rules in the federal government. But it is far less clear that anything can be done about it. Justice Thomas’s behavior has underscored that financial disclosure rules for justices are porous and that the court has no binding code of ethical conduct like the one that governs lower-court judges. The court has shown no interest in adopting one, and proposals in Congress to force one upon it face steep political and constitutional hurdles. “It’s a mess,” said Stephen Gillers, a legal ethics professor at New York University.

☆ Japanese policeman dies in suspected suicide at Prime Minister’s residence in Tokyo
▼ + stars: | 2023-05-04 | by ( Junko Ogura | ) edition.cnn.com time to read: +1 min

Tokyo CNN —A police officer was found dead in the grounds of the Japanese Prime Minister’s official residence early Friday morning, according to Tokyo Metropolitan Police, who are investigating the incident as a possible suicide. Prime Minister Fumio Kishida was not at the residence when a fellow police officer found the 25-year-old man in the West Gate guard station around 4:40 a.m., local time. The deceased officer had been on guard duty at the residence when the incident occurred, according to police. Last month, a man threw a suspected smoke bomb at the prime minister during a campaign speech. It came less than a year after the assassination of former Prime Minister Shinzo Abe, who was shot dead last July during a campaign speech in the western city of Nara.

☆ Dollar in defensive mood after jobs data; Fed in focus
▼ + stars: | 2023-05-03 | by ( ) www.cnbc.com time to read: +3 min

U.S. dollar banknotes are seen in Chicago on October 18, 2022. The dollar index, which measures the U.S. currency against six rivals, eased 0.029% to 101.820 after sliding 0.245% on Tuesday. "If the difference in rates between the two regions become clearer, DXY (dollar index) may fall below the 100 mark." The kiwi rose 0.35% versus the greenback to $0.623, while sterling was last trading at $1.2479, up 0.12% on the day. The Japanese yen strengthened 0.11% to 136.40 per dollar, clawing back some of its losses from last week when the Bank of Japan stuck to its ultra-loose monetary policy.

☆ The 10 Senate seats most likely to flip in 2024
▼ + stars: | 2023-04-30 | by ( Simone Pathe | ) edition.cnn.com time to read: +19 min

The GOP needs a net gain of one or two seats to flip the chamber, depending on which party wins the White House in 2024, and it’s Democrats who are defending the tougher seats. Jim Justice announcing his Senate bid in West Virginia – the seat most likely to flip party control in 2024. In a presidential year, the national environment is likely to loom large, especially with battleground states hosting key Senate races. Two businessmen with the ability to tap into or raise significant resources could be in the mix – Eric Hovde, who lost the GOP Senate nomination in 2012, and Scott Mayer. Still, unseating Cruz in a state Trump won by nearly 6 points in 2020 will be a tall order.

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