Japan Financial News

By Carolina Mandl

Mumbai Metropolitan Region Development Authority (MMRDA) for over Rs 2,067 crore.Goisu Realty, a subsidiary of Sumitomo Realty & Development Company, has picked up the land parcel through an 80-year lease agreement. It emerged the highest bidder for the plot in 2019 but conclusion of the deal has taken more than four years. This was the first land parcel auctioned by the authority after a gap of over 12 years since 2007.

A growing movement opposing a highly controversial redevelopment of a historic Tokyo park has submitted a fresh petition in its campaign to get the national government to intervene and revise the plan to save more trees

By Gram Slattery, James Oliphant, Nathan Layne

LONDON — The dollar rose against the yen to an almost 11-month high on Monday following last week's gains, keeping traders focused on Japan intervention risks. The yen fell 0.17% to 148.66 per dollar, touching its lowest since late October and adding to Friday's declines after the BOJ maintained ultra-low interest rates, while Governor Kazuo Ueda stressed the need to spend more time assessing data before raising interest rates. The Japanese currency remained within striking distance of 150, a level which some market watchers saw as a line in the sand that would spur forex intervention from Japanese authorities similar to that of last year. «According to BoJ Governor Kazuo Ueda there was no sign yet of stable inflation on a sustainable basis so that the BoJ will patiently continue with monetary easing under the current framework. That was a clear dampener for the yen,» said Esther Reichelt, FX analyst at Commerzbank. A yen overshooting would be seen by many as a catalyst for renewed interventions to strengthen the Japanese currency, similarly to last year, she added. «It is possible of course that exactly such fears of interventions might have prevented a weaker yen for now». The dollar index, which on Friday touched an over six-month high, firmed at 105.64 and was last 0.06% higher. Last week, the Federal Reserve kept rates on hold at its policy meeting, but surprised markets by signalling U.S.

Japan’s Nissan (OTC:NSANY) Motor (TYO:7201) announced Monday that all new models launched in Europe from this point on will be fully electric, with plans to sell only EVs on the continent by 2030.

Investing.com — The U.S. dollar edged higher, just below the recent six-month high, making a steady start to the new week as traders digested last week’s series of central bank interest rate decisions.

Stocks took a hit last week, with the S&P 500 plummeting by more than 3% and the Nasdaq 100 by almost 3.5%. The Russell 2000 fared even worse, dropping nearly 4%. While markets have declined, let’s face the reality: they could dip further. The S&P 500 is only 6% off its peak, and the Nasdaq 100 has decreased just 7.7%. This is relatively modest, considering that the Nasdaq is still up about 38% from its December lows, and the S&P 500 has climbed 23.5% from its October trough.

By Joice Alves

By Nick Carey

India's limited participation in global value chains (GVCs) hampers its export potential, despite possessing substantial manufacturing capabilities across various GVC-relevant product categories. The integration of Indian companies in the GVCs is fundamental as about 70 per cent of global trade operates within these chains, encompassing a wide range of products, from electronics and machinery to pharmaceuticals and apparel. «India's weak GVC integration can be attributed to poor trade infrastructure, causing delays at ports and customs, which are detrimental to the timely flow of goods in these intricate value chains,» GTRi Co-Founder Ajay Srivastava said. Countries like China, Japan, South Korea, Thailand, and Malaysia have excelled in GVCs due to investments in quality trade infrastructure. The GTRI report has recommended six action points to the government which can help boost the participation of domestic firms in GVCs. The suggestions include automating port and customs procedures, and implementation of green channel clearances for 99 per cent of shipments; analysing the top 10,000 exporters responsible for 85 per cent of India's exports; matching global best practices for ship turnaround times, reducing queues, speeding up transactions, and optimizing infrastructure use; and enhance communication between traders and shipping companies, port operators, and Container Freight Stations (CFS). The report asked for creation of an online platform for all export-import compliance processes. «National Trade Network (NTN) would enable exporters to submit all required information and documents in one place, eliminating the need to interact separately with customs, DGFT (directorate general of foreign trade), shipping

Gold steadied on Monday after eking out a narrow 0.1% gain last week, as investors assessed U.S. Federal Reserve officials' warning of further interest rate hikes ahead of a consumer inflation gauge due later this week.FUNDAMENTALS * Spot gold was mostly unchanged at $1,924.54 per ounce by 0051 GMT, while U.S.

yen approached the closely watched 150 per dollar level on Monday and kept traders on intervention watch after the Bank of Japan and Governor Kazuo Ueda quashed hopes of any imminent move away from its stark ultra-loose monetary policy. In the broader currency market, the dollar was on the front foot, extending its gains from last week after a still-hawkish Federal Reserve surprised markets by signalling U.S. rates would need to stay higher for longer than initially expected. The yen fell to a more than 10-month low of 148.49 per dollar and remained within striking distance of 150, a level which some market watchers saw as a line in the sand that would spur forex intervention from Japanese authorities similar to that of last year's. The Japanese currency had fallen more than 0.5% on Friday after the BOJ maintained ultra-low interest rates and stuck to its dovish stance, while Governor Ueda similarly stressed the need to spend more time assessing data before raising interest rates. «I don't think the level matters that much and will be the trigger (for intervention).

Asian shares were hesistant on Monday after central banks last week reinforced the message that interest rates will stay higher for longer, while investors braced for inflation data from the U.S. and Europe.Markets will also be looking for further clues on whether China's economy is regaining traction. The yen nursed losses at more than nine-month lows at 148.38 per dollar, after the Bank of Japan made no change to its dovish monetary policy. Ten-year Japanese bond yields settled at a decade high of 0.745%. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.1% on Monday, after a 2.3% fall the previous week to fresh ten-month lows.

Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! The basketball court will be buzzing with excitement as both the men's and women's 3x3 teams take the spotlight. The women's team will be facing Uzbekistan in a round-robin Pool A match, and the men's team will go head-to-head with Malaysia in Pool C. Cricket enthusiasts can look forward to the women's gold medal match where India will be playing against Sri Lanka.

Sensex and Nifty 50 ended lower for the fourth consecutive session on Friday weighed down by weak global cues as the US Treasury yields rose to their multi-year high levels and crude oil prices rose by about a percent. “We expect the market to remain under pressure in the near term given the global concerns. Thus, we suggest investors to have higher allocation towards defensive and large-caps.

market on weak global cues and substantial selling by foreign investors. The current week marks the September month's F&O expiry, which is expected to bring about volatility in the market. «The factors that have influenced the markets last week may continue to exert some pressure in the current week too,” said Joseph Thomas, Head of Research, Emkay Wealth Management. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a positive startGIFT Nifty on the NSE IX traded lower by 45 points, or 0.23 per cent, at 19,687.50, signaling that Dalal Street was headed for positive start on Monday.

Demon Slayer Season 3, fans worldwide are on the edge of their seats, eagerly anticipating the next chapters in the epic tale of Tanjiro and his companions. Recent insider reports have shed light on what's in store for Demon Slayer Season 4 and hinted at intriguing developments for Season 5. Let's delve into the details. Demon Slayer: Kimetsu no Yaiba, based on Koyoharu Gotōge's manga, has captured the hearts of millions with its captivating storyline and breathtaking animation. With its soaring popularity, the franchise has achieved remarkable success. In just over seven years since its manga debut in February 2016, Demon Slayer has amassed a staggering $8.75 billion in sales, solidifying its status as one of the highest-grossing media franchises globally. Notably, the anime adaptation holds the distinction of being the highest-grossing Japanese film, with a box office haul exceeding $500 million.

Ana Rodriguez. India accounts for 11% of Lladro's global sales. The company generates 69% of its business from heritage concept (high porcelain, classic sculptures, home and licences), 21% from new concept (design sculptures, scent and jewellery), and 10% from lighting. Lladro will also have an «important» investment plan for developing online sales in the country next year, besides launching more mono-brand stores in the country, according to Rodriguez. With the new boutique, Lladro now has eight own-brand stores in India in markets such as New Delhi, Gurugram, Mumbai, Bengaluru, Hyderabad, Chennai and Kolkata. «For us, India is not only a key market but a very strategic market,» Rodriguez told ET.

₹1,777 crore (around $213 million), Rahul Khanna, co-founder and managing partner, Trifecta, said The third fund was oversubscribed, surpassing its initial target of ₹1,500 crore. Investors include large global financial institutions, domestic conglomerates, banks, insurers, development financial institutions, public sector entities, and family offices, he added. The firm has now doubled its count of offshore investors, both individuals and institutions, compared to the Trifecta Venture Debt Fund-II.

Hardeep Singh Nijjar, it is perhaps time for Canada to implement a 'foreign policy reset', shedding off its 'middle-power approach' and focussing more on 'Indo-Pacific diplomacy', Japan Times reported. Prime Minister Trudeau's allegation of an Indian role in the assassination of Khalistleader Nijjar on Canadian soil, triggered a broader deterioration in relations between Ottawa and New Delhi, the report noted. Notably, a similar episode also led to a deteriorating trend in China-Canada relations, the report stated, adding that Michael Spavor, a businessman, and Michael Kovrig, a former diplomat, were arrested by Beijing on espionage charges.