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the yen
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- 1Bank of Japan debated faster rate hikes, minutes show●Bank of Japan debated need for faster rate hikes, July minutes show
Minutes from the Bank of Japan's July policy meeting show board members debated the need to raise interest rates at a faster pace. The disclosure has drawn attention from investors watching how quickly Japan's central bank will move away from its long-standing ultra-loose monetary policy amid inflation pressures and a weakening yen.
- 2Japan's top currency diplomat Mimura urges markets to heed yen warning●EXCLUSIVE: Japan's currency diplomat Mimura urges markets to heed 'very clear' warning on yen
Japan's top currency diplomat, Masato Mimura, said markets should take seriously Tokyo's 'very clear' warning about the yen, in remarks reported by Reuters. The intervention signals that Japanese authorities are increasingly alarmed by the currency's weakness and are prepared to step in verbally, and possibly in markets, to support it.
- 3
Japan's Fair Trade Commission found 42 companies colluded on large-scale condominium repair work in the Kanto region, ruling it a violation of the Antimonopoly Act. It ordered the firms to pay surcharges of about 1.6 billion yen. The commission says residents' repair costs may have been improperly inflated, prompting public concern over fees charged to apartment owners.
- 4Kobayashi Pharmaceutical weighs buyout offer worth over ¥500 billion●Kobayashi Pharmaceutical, the firm that was at the center of a supplement contamination scandal involving suspected deat
Kobayashi Pharmaceutical, the Japanese company at the center of a supplement contamination scandal linked to suspected deaths, is reportedly considering a buyout offer valued at more than ¥500 billion. The move would mark a major development for a firm whose reputation and finances have been damaged since the scandal, and is drawing attention from investors and observers of Japan's consumer health sector.