It is important to maintain ultra-loose monetary policy in order to support Japan's economy and lay the groundwork for companies to hike wages, Ryozo Himino, deputy governor of the Bank of Japan, said on Wednesday.
REGENT, creators of the category defining all-electric seagliders that connect coastal ports at speeds up to 180 MPH, today announced a strategic investment from Yamato Holdings, Japan?s largest parcel delivery and logistics company.
The U.S. dollar fell slightly on Tuesday as receding fears of a full-blown banking crisis slowed demand for so-called safe haven assets. The yen rallied, despite traditionally also being a safe haven, with analysts pointing to a pick-up in flows ahead of the end of Japan's fiscal year on Friday. The dollar fell as low as 130.51 yen, and was last off 0.41% at 130.98 as the Japanese currency rose.
The U.S. dollar fell on Tuesday as receding fears of a full-blown banking crisis slowed demand for so-called safe haven assets. But the yen rallied, despite traditionally also being a safe haven, with analysts pointing to a pick-up in flows ahead of the end of Japan's fiscal year on Friday. The dollar fell as low as 130.51 yen, and was last off 0.29% at 131.2 as the Japanese currency rose.
Japanese shares ended higher on Tuesday as bank stocks rose after worries over the global financial system eased, following a deal for the assets of failed U.S. lender Silicon Valley Bank by peer First Citizens BancShares.
The Bank of Japan must be ready to issue central bank digital currencies that coexist with various other forms of money to offer the public a safe digital payment system, its governor Haruhiko Kuroda said on Tuesday.
Japanese shares traded higher on Tuesday, lifted by banking shares after U.S. lender First Citizens BancShares's acquisition of the assets of failed peer Silicon Valley Bank eased worries about the global financial system.
The U.S. dollar slid for a second day against major peers on Tuesday as receding fears of a full-blown banking crisis sapped demand for the safest assets. The yen, traditionally also a safe haven, however, rebounded strongly for overnight losses, with analysts pointing to likely repatriation of overseas profits by Japanese corporations into the end of the country's fiscal year on Friday.
The dollar rose to a five-day high against the Japanese yen on Monday as authorities' efforts to rein in worries over the global banking system helped soothe investor nerves.
Superlong Japanese government bond yields rose on Monday as traders adjusted positions ahead of new supply the following day, although trading was overall quiet in the final week of the country's fiscal year.
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