Kyodo News Digest: Sept. 22, 2022 -3-


The following is the latest list of selected news summaries from Kyodo News.

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Japan conducts yen buying intervention for first time in 24 years

TOKYOJapan On Thursday, the forex market kicked in amid the yen’s abrupt plunge Ministry of Finance said in its first intervention to support the currency in 24 years as rising import costs have dragged down the country’s household and corporate sectors.

The surprise market operation comes as prime minister Fumio Kishida has been urged to take action to mitigate the negative impact of price increases, with the public support rating going for it cabinet decreasing lately.

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BOJ Decides to maintain ultra-low interest rate policy despite sharp fall in yen

TOKYO – That Bank of Japan Maintained its policy of ultra-low interest rates on Thursday to support the pandemic-hit economy as widely expected, maintaining a dovish stance despite the yen’s sharp fall in a global tightening wave fueled by rising inflation.

Following the political decision, the yen broke the psychologically important 145 level against the yen US Dollar and Governor Haruhiko Kuroda Rate hikes ruled out in the near future. To stop the yen’s inexorable slide, Japan intervened in the foreign exchange market by buying the yen for the dollar for the first time in 1998.

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Japan asks foreign guests to wear face masks at Abe’s state funeral

TOKYOJapan will ask foreign guests attending the state funeral for the former prime minister Shinzo Abe to wear protective masks next week to curb the spread of the novel coronavirus, the top government spokesman said on Thursday.

“We will urge foreign dignitaries and other attendees to wear face masks on the day of the state funeral and to take infection prevention measures such as: B. the preparation of disinfectants, ”said the head of cabinet Hirokazu Matsuno said at a press conference.

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US dollar crashes 140 yen out 145 yen after Japan’s intervention

TOKYO – That US Dollar tumbled around briefly five yen to the 140 yen range on Thursday after the Japanese government entered the market to support the Japanese currency, its first such intervention in 24 years.

That US The currency traded higher at a fresh 24-year high 145 yen area after Bank of Japan decided to maintain its monetary easing policy at the end of its regular meeting on Thursday.

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U.N..-backed tribunal upholds life sentence for ex-Khmer Rouge leader

PHNOM PENH – A U.N..-supported court in Cambodia The trial of former Khmer Rouge leaders on the 1970s genocide in the country upheld a pre-trial conviction of life imprisonment on Thursday Khieu Samphanthe former head of state of the radical communist regime.

Thursday’s decision was the final judgment of the Extraordinary Chambers in the courts of Cambodia, which introduced a two-stage trial system. With no one else to be brought to justice, this marks the end of the legal process that began in 2006 to bring to justice the perpetrators of the 1975-1979 reign of terror that is believed to have claimed nearly 2 million lives.

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SoftBank conduct follow-up talks Samsung via chip designer arm

TOKYOSoftBank Group Corp. said Thursday it would hold talks with South Korea Samsung Electronics Co. to a possible strategic connection arm ltda British chip designer under the Japanese tech conglomerate to accelerate its smartphone chip business.

SoftBank Chairman and CEO Masayoshi son said he will visit South Korea lead conversations Samsunga major manufacturer of smartphones, displays, chips and batteries.

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Taiwan, Czech Republic vow deeper cooperation amidst China tensions

TAIPEI – President of Taiwan Tsai Ing-wen agreed with a delegation led by Czech Sen. Jiri Drahos on Thursday to deepen cooperation in the fields of semiconductors, medicine and science and technology amid tensions between them China and the self-governing island.

Tsai told Drahos, a former president of the Czech Academy of Sciencesthat the delegation’s visit will be around soon after Chinese military exercises Taiwan “shows an unwavering friendship born of like-minded countries supporting each other.”

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Japan holds first tourism fair in two years to help virus-hit industry

TOKYO – A major international tourism event kicked off Thursday in Japan for the first time in two years, with the travel industry hoping to overcome setbacks from the coronavirus pandemic as the country gradually eases its border restrictions.

Tourism Expo Japan, one of the world’s largest events of its kind, opened in Tokyo Big Sight Exhibition center with representatives from more than 70 countries and regions and Japan’s 47 prefectures are promoting international and domestic travel after being canceled in 2021 due to COVID-19.

== Kyodo

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