The U.S. Treasury Department has eliminated Japan from an inventory of main buying and selling companions that it displays for probably unfair international trade practices for the primary time since 2016, when the present format of designation started.
In its biannual report back to Congress, the division positioned seven economies on its “monitoring list” — China, Germany, Malaysia, Singapore, South Korea, Switzerland and Taiwan.
While Japan carried out international trade interventions in September and October final 12 months in an try and stem the yen’s speedy depreciation towards the U.S. dollar, a Treasury official mentioned in a press briefing there was no have to proceed itemizing the nation as one of many standards employed is “the persistence of an intervention.”
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WTO report upholds Japan claims on China’s metal duties
NHK – Jun 20
The World Trade Organization has upheld Japan’s declare that anti-dumping duties by China on its stainless-steel merchandise violate WTO guidelines. The worldwide physique recommends that Beijing take corrective steps.
The European Central Bank Takes Shots At The Bank Of Japan
Blockworks Macro – Jun 20
A glance into the peculiar relationship forming between the European Central Bank, and the Bank of Japan, wherein the ECB calls the BOJ coverage normalization a significant threat to international bond markets in its official monetary stability report – a uncommon commentary made towards a fellow main central financial institution peer.
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South China Morning Post – Jun 19
The bursting of Japan’s asset bubble within the early Nineties was probably the most consequential monetary shocks suffered by a significant economic system. Not solely did it consign the nation to many years of little to no development, it entrenched a deflationary mindset amongst shoppers and companies that has proved troublesome to interrupt.
Japan not on U.S. forex watch record for 1st time since 2016
Japan Today – Jun 18
The U.S. Treasury Department has eliminated Japan from an inventory of main buying and selling companions that it displays for probably unfair international trade practices for the primary time since 2016, when the present format of designation started.
AI developer ABEJA goes public
NOJ – Jun 15
ABEJA, which develops AI = synthetic intelligence, has been listed on the Tokyo Stock Exchange Growth Market, TV Tokyo experiences.
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