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Morning Bid: Jitters heighten, financial conditions tighten: A look at the day ahead in Asian markets.
reuters.com/markets/asia/global-markets-view-asia-graphic-pix-2024-04-18/
Asian shares mixed as Fed's Powell rethinks rate cuts, yields jump: Asian shares were mixed on Wednesday as the world's most powerful central banker had a change ...
reuters.com/markets/global-markets-wrapup-1-2024-04-17/
U.S. 7th Fleet officer Arrested on Suspicion of Stealing Sushi, Sashimi, Chicken at Kanagawa Shopping Mall; Suspect Caught Mid-Meal
japannews.yomiuri.co.jp/society/general-news/20240420-181618/
JPMorgan warns of need for ‘reality check’ on phasing out fossil fuels: US bank says higher interest rates, inflation and global conflict have dented outlook for ...
ft.com/content/352b38a7-f298-4b54-adc2-f4cc1b17444b
Quick Glance: JPMorgan warns of Need for 'Reality Check' on Phasing out Fossil Fuels
- JPMorgan warns of setbacks in transitioning to renewable energy due to higher interest rates, inflation, and global conflicts.
- Investment in renewable energy currently offers subpar returns, potentially leading to social unrest.
- JPMorgan forecasts increasing demand for oil and gas until 2030, highlighting challenges in transitioning to renewable energy.
- Wood Mackenzie warns of the impact of higher interest rates on transitioning to a global net-zero economy, especially for renewables and nuclear power.
Japan and India to be next AI hotspots: Vinod Khosla: PALO ALTO, California -- Artificial intelligence innovations are diverse, and related business ...
asia.nikkei.com/Business/Technology/Japan-and-India-to-be-next-AI-hotspots-Vinod-Khosla
50,000-seat stadium, hotel to be built on former Tsukiji market site in central Tokyo - The Mainichi
mainichi.jp/english/articles/20240420/p2a/00m/0bu/002000c
Mie: Participants Endure Cold, Heat to Purify Themselves; Location Said to Be Where Iga Ninjas Trained
japannews.yomiuri.co.jp/features/japan-focus/20240420-181324/
Cash: Germans' assets at record value - Daily money is also popular: The Germans have more money in their pockets again. The reason for this is higher interest ...
t-online.de/finanzen/aktuelles/id_100388504/bargeld-vermoegen-der-deutschen-auf-rekordwert-auch-tagesgeld-beliebt.html
Quick Glance: Record: Germans Hold 7716 Billion Euros in Wealth
- German private individuals hold a net wealth of 7716 billion euros.
- Stocks and investment funds saw significant gains in the last quarter.
- Cash and bank deposits remain the largest component of wealth.
- Household net wealth increases by 244 billion euros to 5560 billion euros.
Mortgage rates top 7 percent for first time in 2024: Mortgage rates topped 7 percent for the first time this year, according to data released Friday by Freddie ...
thehill.com/business/4605828-mortgage-rates-top-first-time/
Bag of Rice Still Selling for Up to N84,000 in Lagos: To verify if a bag of rice indeed sells for N60,000, FIJ took to two food markets in Lagos to ask the ...
fij.ng/article/bag-of-rice-still-selling-for-up-to-n84000-in-lagos/
Escalating Middle East tensions a fresh jolt to world markets: Reports of an Israeli attack on Iranian soil that possibly drags the Middle East into a deeper ...
reuters.com/markets/global-markets-middle-east-graphic-2024-04-19/
Quick Glance: Escalating Middle East Tensions Shake World Markets
- Reports of an Israeli attack on Iranian soil potentially dragging the Middle East into a deeper conflict have rattled world markets with geopolitical risks.
- Stocks fell, oil briefly rose over $3 per barrel, and safe-haven government bonds rallied.
- The heightened tensions bring fresh uncertainty and fuel concerns that high oil prices and potential supply disruptions will keep inflation high.
- Energy stocks benefit from higher oil prices, while demand for safe-havens like US or German bonds rises amid renewed inflation risks from rising oil.
Financial assets of private households at a record high: Overall, people in Germany have more financial assets than ever before. However ...
hna.de/wirtschaft/geldvermoegen-privater-haushalte-auf-rekordhoch-zr-93018343.html
23 Chinese swimmers competed at Tokyo Games despite failing doping tests – Reports
wionews.com/sports/23-chinese-swimmers-competed-at-tokyo-games-despite-failing-doping-tests-reports-713338
Easy Japanese news in translation: Carp streamers in production at Mie Prefecture shrine - The Mainichi
mainichi.jp/english/articles/20240419/p2a/00m/0na/018000c
NYC Weekend Watch: Love Streams, Kiyoshi Kurosawa, Ozu & More: NYC Weekend Watch is our weekly round-up of repertory offerings. Roxy CinemaOur House of Tolerance ...
thefilmstage.com/nyc-weekend-watch-love-streams-kiyoshi-kurosawa-ozu-more/
Average mortgage holder spending record $2,800 on monthly payments: The median monthly mortgage payment jumped 11% in the past year due to surging interest rates ...
businessinsider.com/mortgage-payments-housing-market-interest-rates-house-prices-sales-2024-4
Quick Glance: Mortgage Rates Surge Above 7% in 2024, Posing Major Dilemma for Homebuyers
- US mortgage rates have surged above 7%, increasing costs for homebuyers.
- The rise in mortgage rates impacts monthly costs, limiting purchasing power.
- Uncertainty surrounding rate trends poses a decision dilemma for potential homebuyers.
- Experts anticipate a moderate easing of mortgage rates later in the year.
5 worries keeping Biden, Democrats up at night: President Biden’s campaign is feeling good about where it is in its battle for reelection ...
thehill.com/homenews/campaign/4605899-five-worries-keeping-biden-democrats-up-at-night/
Petrol and diesel back to nearly €2 a litre as drivers hit by biggest price rise this year
independent.ie/business/personal-finance/petrol-and-diesel-back-to-nearly-2-a-litre-as-drivers-hit-by-biggest-price-rise-this-year/a1753249448.html
Fukushima Pref.'s 1st public night school opens with new study chances for young and old - The Mainichi
mainichi.jp/english/articles/20240418/p2a/00m/0na/023000c
Few in new poll say Biden law has helped fight climate change: Very few Americans believe the Inflation Reduction Act (IRA), signed into law by President Biden ...
trib.al/XuRnSYN
Social Security cost of living boost in 2025? Early estimate calls for 2.6% increase
freep.com/story/money/personal-finance/susan-tompor/2024/04/18/how-high-could-inflation-drive-social-security-cola-hike-in-2025/73327853007/
US envoy to UN becomes first in post to visit Nagasaki - The Mainichi: TOKYO (Kyodo) -- U.S. Ambassador to the United Nations Linda Thomas-Greenfield on Friday ...
mainichi.jp/english/articles/20240419/p2g/00m/0na/061000c
In a first, Japan doctors sue Google over negative reviews on firm's map app: The suit is the first in Japan — and possibly the world — to target a platform ...
japantimes.co.jp/news/2024/04/18/japan/crime-legal/google-doctors/
Money latest: Should you pay your kids for good grades? Here's what psychologists think
news.sky.com/story/money-blog-news-latest-consumer-financial-inflation-employment-rights-maternity-leave-cost-of-living-13040934
Iran-Israel tensions: Can Iran's economy handle a war?: Iran is suffering from inflation, currency depreciation and the impact of international sanctions ...
dw.com/en/iran-israel-tensions-can-irans-economy-handle-a-war/a-68862368
Should you wait for interest rate cuts to buy a house?: Once interest rates fall, property prices would likely go up, but buyers could borrow more money ...
smh.com.au/property/news/should-you-wait-for-interest-rate-cuts-to-buy-a-house-20240418-p5fkv8.html
Investors raise bets on euro falling to parity with dollar: Eurozone borrowing costs seen as likely to fall first as strength of US economy lowers chance of ...
ft.com/content/700f0282-e939-4441-8093-6e012c39f4bd
Stock market today: Stocks slide for the 5th straight session: The S&P 500 hit its worst losing streak since last October as investors recalibrate amid forecasts ...
markets.businessinsider.com/news/stocks/stock-market-news-fifth-loss-fed-speakers-rate-cuts-delay-2024-4
Riester pension disappoints: many only receive measly returns: Disappointing Riester pension: New figures from the Federal Ministry of Finance reveal low payout ...
t-online.de/finanzen/ratgeber/altersvorsorge/privatevorsorge/riester-rente/id_100390008/riester-rente-enttaeuscht-viele-bekommen-nur-mickrige-ertraege.html
The truth comes out: US is paying dearly for outperformance : The United States is floating on a giant pumped-up air mattress of excess federal spending and no ...
thehill.com/opinion/finance/4602451-the-truth-comes-out-us-is-paying-dearly-for-outperformance/
Ainu loses legal battle over right to catch salmon in Hokkaido - The Mainichi: SAPPORO (Kyodo) -- A Japanese court on Thursday rejected a demand by a group of ...
mainichi.jp/english/articles/20240418/p2g/00m/0na/059000c
Domestic strawberry producers of 'Warring States' eye new breeds: Strawberries make for a colorful display at supermarkets and produce shops during the ...
japantoday.com/category/features/lifestyle/feature-domestic-strawberry-producers-of-warring-states-eying-new-breeds
Trump Media tells shareholders how to block their DJT stock being loaned to short sellers
cnbc.com/2024/04/18/trump-media-tells-djt-shareholders-how-to-block-short-sellers.html
How much money do you need to retire? Most Americans calculate $1.8 million, survey says.
usatoday.com/story/money/personalfinance/2023/08/02/how-much-money-americans-need-for-retirement/70507274007/
Instant view: Oil, Japan's yen up on reports Israeli missiles hit Iran: Oil and gold prices rose and Japan's yen rallied on Friday on reports Israeli missiles ...
reuters.com/markets/view-oil-japans-yen-up-reports-israeli-missiles-hit-iran-2024-04-19/
Japan’s Crown Prince Akishino Visits Earthquake-Hit Ishikawa Pref. Town; Encourages Farmers Affected by Disaster
japannews.yomiuri.co.jp/society/imperial-family/20240419-181359/
Heineken Ireland is latest to hike price of pint from June: Heineken Ireland has announced that the price of its draught products will increase from June 4.
independent.ie/business/irish/heineken-ireland-is-latest-to-hike-price-of-pint-from-june/a1053458282.html
Why is the economy so strong? New hires are spending more and upgrading their lifestyles
usatoday.com/story/money/2024/04/18/strong-job-growth-bolsters-spending/73351285007/
Editorial: Broader relief for Niigata Minamata disease patients urgently needed - The Mainichi
mainichi.jp/english/articles/20240420/p2a/00m/0op/011000c
U.S. envoy to U.N. uses Japan visit to bolster U.N. Security Council: “The Security Council of 70 years ago does not reflect the realities of today ...
japantimes.co.jp/news/2024/04/18/japan/politics/linda-thomas-greenfield-un-us-japan/
America’s interest rates are unlikely to fall this year: That will squeeze financial markets and the world economy
economist.com/leaders/2024/04/17/americas-interest-rates-are-unlikely-to-fall-this-year
Court orders compensation to 26 unrecognized Minamata victims: A Japanese district court on Thursday ordered a chemical maker to pay 4 million yen each to 26 ...
japantoday.com/category/national/japan-court-orders-compensation-to-26-unrecognized-minamata-victims
Greek tourism minister to visit Japan in September: Tourism Minister Olga Kefalogianni received the new ambassador of Japan, Koichi Ito, on Thursday.
ekathimerini.com/economy/1236876/greek-tourism-minister-to-visit-japan-in-september/
Japan launches fifth round of Fukushima treated water discharge: The operator of Japan's Fukushima nuclear power plant (NPP), Tokyo Electric Power Company ...
thestar.com.my/aseanplus/aseanplus-news/2024/04/19/japan-launches-fifth-round-of-fukushima-treated-water-discharge
3,850 working mums in S'gor receive RM1,000 'MamaKerja’ incentive: SHAH ALAM: A total of 3,850 eligible working mothers in the state have received the ...
thestar.com.my/news/nation/2024/04/19/3850-working-mums-in-s039gor-receive-rm1000-039mamakerja-incentive
US unhappy with Modi’s ‘ghar mein ghus kar’ claim
deccanherald.com/opinion/us-unhappy-with-modis-ghar-mein-ghus-kar-claim-2985526
Convicted Manga Pirate Slapped With Historic Fine by Court: Manga Mura was one of Japan's most-visited piracy sites for manga.
comicbook.com/anime/news/manga-piracy-japan-fine/
Charting the future of the US alliance network: The recent US-Japan alliance bilateral summit between President Joe Biden and Prime Minister Kishida Fumio not ...
asiatimes.com/2024/04/charting-the-future-of-the-us-alliance-network/
Scientist wants all B.C. sea turtle sightings reported: There has only ever been three confirmed sightings of loggerhead sea turtles in B.C.
timescolonist.com/local-news/scientist-wants-all-bc-sea-turtle-sightings-reported-8616506
US deficit poses ‘significant risks’ to global economy, warns IMF: Fund also cites concerns over fiscal ‘imbalances’ in UK, China and Italy
ft.com/content/0d098011-0ff5-4125-8cbb-5a5b281c9bd0
Quick Glance: IMF Warns of Fiscal Deficits in US and China
- The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy.
- Concerns were also raised about Chinese government debt, with the country projected to have a deficit of 7.6 per cent in 2025, more than double the average for other emerging markets.
- In addition to the US and China, the fund named two more countries that “critically need to take policy action to address fundamental imbalances between spending and revenues”.
- The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields globally and exchange rate turbulence in emerging markets and developing economies.
LIVE: US ambassador to UN speaks in Tokyo: Reuters Live on X (Twitter)
twitter.com/i/broadcasts/1jMJgmqqDvMKL
US to grow at double the rate of G7 peers this year, says IMF: Fund also upgrades inflation forecasts as strong demand and tight labour market delay possible Fed ...
ft.com/content/3b819571-662d-4185-9ca5-c7e682b55700
Quick Glance: IMF upgrades global growth forecast despite risks
- The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.
- IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.
- While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.
- Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
UK inflation falls as crumpet and meat prices drop: New official figures show that inflation, the rate at which prices rise over time, fell again in March.
bbc.com/news/business-68833077
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
A White House dinner, a slot at Coachella — Yoasobi is having a great week: J-pop's Ikura and Ayase say they had to cut their hair and learn English for a string ...
japantimes.co.jp/culture/2024/04/17/music/yoasobi-coachella-white-house/
Asian finance officials raise ‘serious concerns’ over strong dollar: Emerging-market currencies have been under pressure from shifting US interest rate ...
ft.com/content/63c36478-8cf3-438e-91e2-97a8888773d1
Japanese students losing interest in civil service: Public-private job search timing affects student behavior, especially in new graduate hiring.
japantimes.co.jp/news/2024/04/17/japan/society/students-lose-interest-in-civil-service/
If the Reserve Bank were a football coach, it would have been sacked eons ago: The bank’s job is to hold inflation between 2 and 3 per cent. Since mid-2014 ...
smh.com.au/politics/federal/if-the-reserve-bank-were-a-football-coach-it-would-have-been-sacked-eons-ago-20240418-p5fkv9.html
Brazil seeks to weaken fiscal targets it set only a year ago: Leftist administration of Luiz Inácio Lula da Silva wants greater flexibility on budget surplus ...
ft.com/content/14e6a4d4-8be7-46cf-bb51-8445b0e85dc1
Quick Glance: Brazil Moves to Relax Fiscal Targets Set a Year Ago
- The leftist administration of Luiz Inácio Lula da Silva wants more flexibility on budget surplus goals
- Brazilian President Luiz Inácio Lula da Silva’s government is seeking to loosen its own budget targets as investor concerns rise about the risk of fiscal slippage in Latin America’s largest economy
- Ministers intend to balance the budget next year, replacing the previous goal for income to exceed outgoings by 0.5 per cent of gross domestic product
- Analysts warn that the current deficit targets are unrealistic and likely to be tweaked, prompting investors to express concerns about Brazil’s economic approach under Lula
US-Japan-Philippines trilateral gives Manila a fighting chance: In an unprecedented move with big regional implications, US President Joe Biden hosted a ...
asiatimes.com/2024/04/us-japan-philippines-trilateral-gives-manila-a-fighting-chance/
Osaka says 'no excuses' after defeat on clay return: The former world No. 1 was making her first appearance on clay since the 2022 French Open.
japantimes.co.jp/sports/2024/04/18/tennis/naomi-osaka-no-excuses/
Billionaire In-N-Out heiress Lynsi Snyder claims she went 'toe-to-toe' to keep prices down as Calif. fast food industry, prices slammed by minimum wage hike
nypost.com/2024/04/11/business/in-n-out-president-lynsi-snyder-went-toe-to-toe-to-keep-menu-prices-down/
Hidden Billions in Tokyo Real Estate Lure Activist Hedge Funds: The long-concealed market value of Tokyo’s largest skyscrapers is being unveiled by activist ...
bloomberg.com/news/articles/2024-04-15/hidden-billions-in-tokyo-real-estate-lure-activist-hedge-funds
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A record three million foreigners visited in March: More than three million foreigners visited Japan in March, a record for a single month ...
thestar.com.my/aseanplus/aseanplus-news/2024/04/18/a-record-three-million-foreigners-visited-in-march
America’s interest rates are unlikely to fall this year: That will squeeze financial markets and the world economy
economist.com/leaders/2024/04/17/americas-interest-rates-are-unlikely-to-fall-this-year
Eight reported injured after Japan quake: TOKYO (AFP): Eight people were reported injured Thursday (April 18) after a 6.3-magnitude earthquake struck off ...
thestar.com.my/aseanplus/aseanplus-news/2024/04/18/eight-reported-injured-after-japan-quake
US envoy to the UN vows support for families of Japanese who were abducted and taken to North Korea
apnews.com/article/japan-us-envoy-north-korea-abducted-42f17a71dbebffc07d81d12d3eb10088
Is it the right time to buy gold or wait as prices continue to soar: Is it the right time to buy gold as prices spiral?
timesofoman.com/article/144450-is-it-the-right-time-to-buy-gold-or-wait-as-prices-continue-to-soar
Business defaults soar as Australian house prices outpace the globe: Australian house prices are out-performing most of the world, even after inflation ...
smh.com.au/politics/federal/business-defaults-soar-as-australian-house-prices-outpace-the-globe-20240416-p5fk42.html
OpenAI explores collaboration with Japan's semiconductor industry: TOKYO -- OpenAI, known for its ChatGPT generative artificial intelligence platform ...
asia.nikkei.com/Business/Technology/OpenAI-explores-collaboration-with-Japan-s-semiconductor-industry
How California fast food restaurants raised menu prices in response to $20 minimum wage
nypost.com/2024/04/16/business/california-fast-food-restaurants-raised-prices-due-to-minimum-wage/
U.S. ambassador to Japan says boosting arms industry ties is key to a stronger security alliance | The Asahi Shimbun: Breaking News, Japan News and Analysis
asahi.com/ajw/articles/15232114
Why Sapporo’s bid for the 2030 Winter Olympics and Paralympics failed: Part of the city's downfall in trying to secure the Games was, ironically, snow.
japantimes.co.jp/news/2024/04/15/japan/society/regional-hokkaido-olympics/
International Monetary Fund: Germany in last place among industrialized nations (again)
spiegel.de/wirtschaft/unternehmen/konjunktur-deutschland-auf-dem-letzten-platz-der-industrienationen-schon-wieder-a-49d8a54b-1dbe-4406-a72b-604e1115b2b4
Xi Jinping says China’s exports are helping ease global inflation: Chinese president warns German Chancellor Olaf Scholz against ‘rise of protectionism’
ft.com/content/7cc89622-66a7-4b1c-9b2e-138f121a4731
Ringgit opens higher despite greenback strength: KUALA LUMPUR: The ringgit opened higher against the US dollar today although the greenback’s appeal as a ...
thestar.com.my/business/business-news/2024/04/17/ringgit-opens-higher-despite-greenback-strength
Nihon University student falls to death, autopsy finds cannabis in system - The Mainichi
mainichi.jp/english/articles/20240415/p2g/00m/0na/042000c
Benefits and risks: AUKUS looks to take gamble on Japan: The group sees potential benefits in tapping Japan’s strong industrial and technological capacity.
japantimes.co.jp/news/2024/04/17/japan/politics/japan-aukus-pillar-2-explainer/
Osaka court rejects inmates' claim that same-day notice of execution violates Constitution - The Mainichi
mainichi.jp/english/articles/20240416/p2a/00m/0na/011000c
Is It Time To Buy Gold Stocks And ETFs As Gold Futures Hit A High? Here's What Charts Show
investors.com/research/gld-stock-a-buy-right-now-heres-what-charts-show-2/
Honda to launch next-generation EVs in China by 2027: Japan's Honda Motor plans to launch six next-generation electric vehicle (EV) models branded Ye in China by ...
reuters.com/business/autos-transportation/honda-launch-next-generation-evs-china-by-2027-2024-04-16/
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