Caution Advised for Volatile Dollar/Yen Pair in Foreign Exchange Market Next Week

Turbulent Times Ahead for Dollar/Yen Pair in Foreign Exchange Market By Financial Markets Correspondent As investors gear up for the week ahead, caution is being advised due to the anticipated rapid fluctuations in the dollar/yen pair in the foreign exchange market. The upcoming week is expected to be marked by a series of major events, […]

China’s Domestic Passenger Car Sales Surge 25.5% in November

China’s Passenger Car Sales Surge in November The China Passenger Car Association (CPCA) has reported a significant surge in domestic passenger car sales for the month of November, marking the fourth consecutive month of growth. According to CPCA, sales increased by 25.5% year-on-year, reaching a total of 2.1 million units. This notable increase comes on […]

China reduces visa costs for more than a dozen countries, including Japan

China Reduces Visa Costs for Inbound Tourists On the 8th, China announced a 25% reduction in the cost of obtaining a visa for visiting China for more than a dozen countries, including Japan. The measure will be in effect from the 11th until the end of next year. The move aims to increase inbound tourists […]

New Charges Filed Against Hunter Biden for Tax Evasion

Hunter Biden Indicted on New Tax Evasion Charges Los Angeles, Reuters – The US Department of Justice filed new charges against Hunter Biden, the son of President Biden, on December 7. The charges include $1.4 million in tax evasion. According to the indictment filed in the United States District Court for the Central District of […]

Bank of Japan Shifts Focus to Timing of Raising Negative Interest Rates

Bank of Japan Facing Decisions on Policy Flexibility On 8 December, the Bank of Japan made an announcement regarding a series of policy flexibilities, sparking a shift in focus to the timing of raising negative interest rates. This move comes amidst a backdrop of marked weakness in domestic demand and a reversal of the previously […]

Italian Prime Minister Meloni Expresses Interest in Strengthening Trade Ties with China

Italian Prime Minister Meloni Discusses Improved Trade and Economic Ties with China On December 7, Italian Prime Minister Meloni (pictured) addressed reporters about the potential for enhancing trade and economic relations with China, despite Italy’s decision to withdraw from the Belt and Road Initiative. Photo taken on March 3 in Belgrade, Serbia (2023 Reuters / […]

Japan’s Current Account Reports Highest Surplus Since 1985

Japan Reports Surplus in Current Account Balance According to the Ministry of Finance’s preliminary balance of payments report released on December 8, Japan’s current account balance for October showed a surplus of 2,582.8 billion yen. This surplus marks the ninth consecutive month of being in the black, exceeding expectations and reaching the largest surplus since […]