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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.
- 3Thousands flee Darfur fighting into Chad, IOM says●🔴OIM: Desplazados de # Darfur cruzan hacia # Chad huyendo de combates 📍La organización también reportó el desplazamiento
The International Organization for Migration reports that displaced people from Sudan's Darfur region are crossing into Chad to escape ongoing fighting. The agency also documented the displacement of more than 2,000 people from El Fasher to Tawila in recent days, driven by deteriorating security conditions in the area.
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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.