Japanese Yakuza mob boss pleads guilty to nuclear materials trafficking scheme
A man who runs a notorious Japanese organized crime syndicate pleaded guilty last week to conspiring to smuggle nuclear material to Iran and American weapons abandoned in Afghanistan to Burma, according to federal prosecutors. Japan's alleged Yakuza leader Takeshi Ebisawa, 60, was found guilty Wednesday in federal court in Manhattan of conspiring with a network […]
U.S. Steel, Japanese Corp. File Lawsuits After Foreign Acquisition Is Blocked
U.S. Steel filed two joint lawsuits with Nippon Steel after President Joe Biden blocked the Japanese company's takeover of the iconic American company. lawsuit target In addition to the Biden administration, which blocked the deal, the United Steelworkers (USW) and Ohio-based Cleveland-Cliffs also claim that U.S. Steel and Nippon Steel illegally coordinated to block the […]
Japanese Yen remains close to multi-month low against US Dollar – FXStreet
The Japanese yen continues to fall due to fluctuations in expectations for the Bank of Japan's interest rate hike. au Jibun Bank Service PMI was revised downward to 50.9 from 51.4 in December. Amid the Fed's hawkish stance, the US dollar is near a two-year high, supporting USD/JPY. The Japanese yen (JPY) attracted new sellers […]
In Victory for Trump, Japanese Company Blocked from Buying U.S. Steel
President Joe Biden has blocked the acquisition of the U.S. Steel Corporation by Japan's Nippon Steel. It was a victory for President-elect Donald Trump, who had vowed to take action himself if President Biden did not take over. On Friday, Biden announced He would use the Defense Production Act of 1950 to block Nippon Steel's […]
Brown hails Biden decision to block Japanese takeover of US Steel
Outgoing Sen. Sherrod Brown (D-Ohio) on Friday praised President Biden's decision to block Japan's Nippon Steel Corp.'s acquisition of U.S. Steel, a deal worth $14 billion. “This deal was done behind closed doors, with no workers at the table, and it represented a clear threat to America's national and economic security and ability to enforce […]
Biden to block US Steel sale to Japanese buyer: report
U.S. President Joe Biden is poised to formally block Nippon Steel's proposed $14.9 billion takeover of U.S. Steel, officials said Friday, dealing a perhaps fatal blow to the controversial merger plan. The Committee on Foreign Investment in the United States (CFIUS) spent months reviewing the deal, taking national security risks into account, but after failing […]
Japanese Yen receives support from odds of BoJ raising rates following Tokyo CPI – FXStreet
The Japanese yen rose as traders predicted the Bank of Japan would raise interest rates in January. Japan's Jibun Bank manufacturing PMI reached 49.6 in December, exceeding the forecast of 49.5 and the previous estimate of 49.0. The dollar remains weak, with 2-year and 10-year Treasuries trading at 4.32% and 4.62%, respectively, as U.S. Treasury […]
Japanese Yen rises following Tokyo CPI inflation – FXStreet
The Japanese yen strengthened following the release of Tokyo CPI inflation data, which showed an increase in December. The Tokyo Consumer Price Index in December was 3.0% compared to the previous year, up from 2.6% in November. The US dollar rose slightly as the possibility of further interest rate cuts by the US Federal Reserve […]
Japanese Government Skeptical of Bitcoin Reserve – U.Today
According to reports, the Japanese government not ready Accepting the idea of adopting Bitcoin as a reserve currency. Satoshi Hamada, a current member of the House of Councilors, recently called on the Japanese government to follow the example of the United States and use part of its foreign exchange reserves to purchase Bitcoin. However, Prime […]
In a Japanese restaurant in west London, this Chinese woman felt truly at home | Xinran
IIn 2006, during a gap year before starting university, my son Pan set out to discover “the world beyond books.” After spending four months backpacking through Australia and New Zealand, he shared with me his deepest realization from his travels: the meaning of home. he said to me: “Some people live in luxurious mansions but […]