My Kuroda! Japan Conducted Its Second Currency Intervention This Week (The Peril Of Bad Fiscal And Monetary Policies)

by confoundedinterest17 In the time (dis)honored tradition of Haruhiko Kuroda, the former governor of the Bank of Japan, Japan likely conducted its second currency intervention this week, current account figures from the central bank suggest, in another sign of the government’s intensified battle to prop up the yen. Tokyo’s latest entry into …

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6.1 quake off the coast of FUKUSHIMA Nuclear Power Plant, Japan

M 6.1 – 83 km E of Minami-Soma, Japan 2024-04-04 03:16:31 (UTC)37.720°N 141.924°E40.1 km depth https://earthquake.usgs.gov/earthquakes/eventpage/us7000m9sq/executive This around 50 miles from Fukushima nuclear power plant Report https://philstarlife.com/news-and-views/133852-earthquake-shakes-northeast-japan?page=2 This reports some power outage. https://crisis24.garda.com/alerts/2024/04/japan-magnitude-61-offshore-earthquake-occurs-east-of-fukushima-prefecture-at-around-1216-april-4 h/t Remedial_Rebel

Gravitas: ‘Flesh-eating disease’ spreads rapidly in Japan, mortality rate at 30%.

https://twitter.com/_/status/1769260783630750135 A mystery flesh-eating disease that kills around 30% of people who become infected is spreading rapidly around Japan. In the first two months of 2024, some 378 cases of streptococcal toxic shock syndrome (STSS) were detected in the country. Last year it is believed there were 941 cases, which …

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Nationwide McDonald’s outage in Australia and Japan; internal systems down, stores affected, EFTPOS offline, app out.

McDonald’s finds itself grappling with a significant crisis as a widespread IT outage disrupts operations across multiple countries, leaving customers stranded and frustrated. Since approximately 3:10 PM, internal systems have remained offline, plunging stores into uncertainty about when service will resume or the root cause of the blackout. The severity …

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Bank of Japan considers ending stock fund purchase

We are really in the matrix now. The BOJ is the only major CB that buys stock funds (officially anyway) as part of monetary easing to achieve an inflation target. They are considering ditching this policy! Not bonds. I mean, they aren't THAT crazy.👊https://t.co/HCC6bBXoPz — Samantha LaDuc (@SamanthaLaDuc) March 13, …

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Japan doesn’t play games. This is brutal.

KOBE–A junior high school principal lost his job and retirement pay, believed to be around 20 million yen ($135,000), as punishment for overfilling his coffee at a convenience store in Takasago, Hyogo Prefecture. But critics have questioned the prefectural board of education’s decision to apply the most severe penalty available, …

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UK, Japan, others in recession; Germany, US on watch.

Several countries, including the UK and Japan, officially face recession, raising concerns about global economic stability. The possibility of Germany and the US entering a downturn is also looming, coupled with worries about China’s deep deflationary challenges. Germany and maybe even the US as the forward outlook is getting less …

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BREAKING: Korean Air and Cathay Pacific Passenger Planes Collide at New Chitose Airport in Hokkaido, Japan – No Injuries Reported

BREAKING NEWS: Korean Air and Cathay Pacific passenger planes collided at an airport in Hokkaido, Japan – NHK pic.twitter.com/VnIj7jGLm2 — Insider Paper (@TheInsiderPaper) January 16, 2024 #BREAKING : Two passenger planes have collided at an airport in Japan.The Korean Air and Cathay Pacific planes came into contact at New Chitose …

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Cats are worshipped as gods in Japan

Riding the Cat Train to the Cat Temple for New Year Blessings! Jan 14, 2024 Get to know Japan https://www.youtube.com/watch?v=0ATZ_AWRvEE CAT PARADISE AT GOTANJOJI TEMPLE, JAPAN | Experience Fukui Jun 30, 2017 Experience_fukui https://www.youtube.com/watch?v=CXnoIJLk7E0 Abandoned Cat Became A Monk And Promised Buddha She Won’t Eat Meat | Kritter Klub Gotokuji Temple of …

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China dethrones Japan as world’s largest car exporter.

China has overthrown Japan as the world’s largest car exporter, another sign of the staggering rise of the country’s auto market. The country sent more than 3.8 million vehicles overseas in 2023, according to the China Passenger Car Association, a 62% increase from the previous year, while Japanese automakers exported …

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BREAKING: 7.5 Quake Japan, Shallow. Tsunami Warning Issued

Stay Tuned for Updates https://earthquake.usgs.gov/earthquakes/eventpage/us6000m0xl/executive BREAKING: Tsunami warning after major 7.4 magnitude earthquake hits central Japan: agency https://t.co/1T2bSRIPYN — Insider Paper (@TheInsiderPaper) January 1, 2024 https://twitter.com/_/status/1741722420371939347 6.2 Aftershock https://earthquake.usgs.gov/earthquakes/eventpage/us6000m0xm/executive https://www3.nhk.or.jp/nhkworld/en/news/ BREAKING: Japan's meteorological agency says "major tsunami" could reach western coast — BNO News (@BNONews) January 1, 2024 WATCH: Tsunami …

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Bank of Japan holds ultra-easy policy, uncertainty on exit, yen weakens against the U.S. dollar.

Bank of Japan’s Ueda indicates uncertainty on exit policy, maintains current approach, expresses doubt on 2% inflation target. Monetary policy leans towards easier measures, impacting Japanese Yen. #BankofJapan's #Ueda:'can't say what an exit policy will entail.''patiently continue' with current policy.'we're not at the stage where we can see with certainty …

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Japan: Four cabinet ministers quit over fundraising scandal

Four cabinet ministers in Japan quit on Thursday over a fundraising scandal involving the ruling party’s most powerful faction. More than 500m yen (£2.8m; $3.4m) is alleged to have ended up in slush funds over a five-year period through 2022. Tokyo prosecutors have also launched a corruption probe, Nikkei reported. …

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BREAKING: Osprey Down off Japan

A US military aircraft with eight personnel on board has crashed off the coast of Japan. Local media quoted officials who said the remains of the CV-22 Osprey have likely been found off Yakushima Island. Japanese broadcaster NHK said the Osprey was trying to land at Yakushima airport. The plane’s …

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Iceland, Japan And Now Mexico

❗🌋🇲🇽 – This is the current situation at the #Popocatépetl volcano in Mexico this morning. pic.twitter.com/jnYa6A5jLe — 🔥🗞The Informant (@theinformant_x) November 13, 2023 h/t Mason Firefly

Alarming Decline: China and Japan Drastically Reduce U.S. Debt Holdings

Total holdings of US Treasuries by China are at the lowest level since 2009 👀 pic.twitter.com/UEv2v5SPj3 — Markets & Mayhem (@Mayhem4Markets) November 12, 2023 Japanese investors are selling US corporate debt at a record pace 👀 pic.twitter.com/YxKZqSCuJe — Markets & Mayhem (@Mayhem4Markets) November 12, 2023 Investor actions with U.S. assets …

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