Japan confirms $36.8 billion yen intervention as BOJ hikes rates

Japan confirms .8 billion yen intervention as BOJ hikes rates

New Japanese 1000 Yen banknote on display inside the Currency Museum of the Bank of Japan’s Institute for Monetary and Economic Studies. The new banknotes will start circulate from July 3, 2024.  Sopa Images | Lightrocket | Getty Images Japanese authorities spent 5.53 trillion yen ($36.8 billion) to shore up the yen in July, official … Read more

US reportedly will exempt allies from China chip controls; ASML shares rise

US reportedly will exempt allies from China chip controls; ASML shares rise

Shares of ASML jumped as much as 10% on Wednesday after a Reuters report suggested that the company could be exempted from expanded export restrictions on chipmaking gear to China. Reuters reported on Thursday that the U.S. is considering expanding the so-called foreign direct product rule, but that allies that export key chipmaking equipment — … Read more

BOJ ups rate to 0.25%; U.S. stocks fall

BOJ ups rate to 0.25%; U.S. stocks fall

This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. Traders work on the floor of the New York Stock Exchange during afternoon trading on April 09, … Read more

‘Crazy’ yen rally is at risk of shattering as soon as next week

‘Crazy’ yen rally is at risk of shattering as soon as next week

Investors have fallen over each other in recent weeks to buy the yen on bets that interest rates are finally about to tip in Japan’s favor. They face a moment of truth as soon as Wednesday. The currency is holding onto an advance of about 5% against the dollar since just before it began surging … Read more

Chinese shoppers flock to Japan to take advantage of the weak yen

Chinese shoppers flock to Japan to take advantage of the weak yen

Chuo Ward, Tokyo, Japan – February 23, 2018; Top luxury shopping streets with multi colored neon signs. Ginza avenues are lined with shops of expensive brands and restaurants in the heart of Tokyo. It is half past five p.m. on Friday. People flock to Ginza for shopping, dinner and drinking with their friends. Ginza became … Read more

The Highly Infectious FLiRT Variants Behind the Summer Covid Wave

The Highly Infectious FLiRT Variants Behind the Summer Covid Wave

This story originally appeared on WIRED Japan and has been translated from Japanese. The northern hemisphere is entering yet another Covid wave—while much of the world acts as if the pandemic were over, cases are surging again. The US Centers for Disease Control and Prevention (CDC) has recorded an uptick in positive Covid tests, emergency … Read more

Singapore is named the safest destination in the world for travelers

Singapore is named the safest destination in the world for travelers

Singapore is the world’s safest city for tourists, according to new research by Forbes Advisor. The study, which analyzed factors such as crime, healthcare quality and risks of natural disasters, ascribed safety scores from 0 to 100 — with the safest cities receiving the lowest scores. Based on the study’s assessment, Singapore scored 0 points. … Read more

Japanese high school students taken to hospital after eating ‘super spicy‘ ghost pepper chilli chips while in class

Japanese high school students taken to hospital after eating ‘super spicy‘ ghost pepper chilli chips while in class

Fourteen Japanese high school students have been taken to hospital after eating chips seasoned with one of the world’s hottest chillies while they were in class. The BBC reported that about 30 students ate the “super spicy” chips after one of the students brought them into school on Tuesday “for fun”. Soon after eating the … Read more

asian stocks: Asia sees cautious open; US stocks buoyed by Trump: Markets wrap

asian stocks: Asia sees cautious open; US stocks buoyed by Trump: Markets wrap

Stocks in Asia were muted in early Tuesday trading, following gains on Wall Street fueled by optimism surrounding a second Donald Trump term as the former US president chose his running mate. Equity benchmarks rose in Japan and Korea, while those in Australia were steady. Futures for Hong Kong stocks pointed to a decline. US … Read more

Japan data suggests possible yen intervention of around $22 billion

Japan data suggests possible yen intervention of around  billion

A man walks past an electronic board showing the rate of the Japanese yen versus the US dollar along a street in Tokyo on February 14, 2024.  Kazuhiro Nogi | Afp | Getty Images A fresh market projection by the Bank of Japan on Friday hints at a possible intervention of around $22 billion into … Read more