Fed daring slams dollar, gives Japan a yen headache
News On Japan via Reuters -- Sep 15
The dollar wallowed at four-month lows against a basket of major currencies in Asia on Friday, having suffered a steep fall after a new stimulus program from the Federal Reserve cemented its status as a funding currency for carry trades.
The dollar index .DXY fell more than half a percent to as far as 79.180, a level not seen since early May. It was last at 79.245. Against the Japanese currency, the greenback skidded to a seven-month trough around 77.13 yen.
Traders said the Fed's bold action had put Japan in a bind by lifting the yen to levels that threaten already sluggish exports. That fuelled market speculation of intervention by the Japanese authorities, although many expect they will try and talk down the currency first.
A collection of materials related to a 17th century mission sent by a Japanese feudal lord to Europe and the world's oldest autographic diary left 10 centuries ago by a Japanese regent have been selected for the UNESCO Memory of the World registry, the Japanese education ministry said Wednesday. (Global Post )
Almost 1,500 people were transported to hospitals by ambulance due to heatstroke last week, up sharply from 942 in the preceding week, the Fire and Disaster Management Agency said Tuesday. (Japan Times )
Among about 200,000 traffic signals nationwide, 16 percent are being used beyond the end of the expected lifetime of their electrical systems and some have even toppled over due to age, according to the National Police Agency. (Yomiuri )
In May, Akira Ikoma, the editor of a guide to men's entertainment called Ore no Tabi (My Journey), said that "Abenomics" had caused a spike in prices at high-end soapland bathhouses in Tokyo. However, the same editor tells Shukan Post (June 28) that the initiative is not impacting the low-end market in the same way. (Tokyo Reporter )
Tokyo District Court decided on Monday to open planned examinations of three witnesses who are former senior members of the Aum Shinrikyo doomsday cult and now death-row inmates, during an upcoming trial of another former senior Aum member. (Jiji Press )