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Crunch week looms for yields and relative US/China value

Crunch week looms for yields and relative US/China value

(ATF) A spike in US Treasury yields is causing investors to reassess their global risk exposure. Warren Buffett warned this weekend that “bonds are not the place to be”, but Chinese corporate debt offers a big enough spread pick-up to provide comfort about returns.A wave of Treasury selling that took …

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Xi's Japan state visit postponed until further notice, says report

Xi's Japan state visit postponed until further notice, says report

(ATF) Chinese President Xi Jinping will not make a state visit to Japan this year as both countries continue to deal with the coronavirus pandemic, according to Japanese media on Monday.Senior Chinese officials are unlikely to visit Japan before 2022, the 50th anniversary of the normalisation of diplomatic relations between …

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Suzuki chairman's exit signals start of a new electric era

Suzuki chairman's departure signals beginning of a new electric era

(ATF) Suzuki Motor Corporation will step into a new era this year when its 91-year old chairman Osamu Suzuki retires in June, as the Japanese carmaker confronts a shift to electric vehicles (EVs) and heightened competition with non-traditional tech companies.Suzuki, who headed the family company for more than four decades …

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Japan’s rare earth metals quandary is far from over 

Japan’s rare earth metals quandary is far from over 

Japan is ramping up its renewables and clean energy push to help it reduce its greenhouse gas (GHG) emissions and reach its carbon neutral goal by 2050. Part of that drive includes investment in green hydrogen production as well more solar, wind and geothermal needed for power generation. Japan, the …

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For Japan, Abenomics isn’t going away - it will just get better  

For Japan, Abenomics isn’t going away - it will just get better  

(ATF) “Suganomics” might just succeed in Japan where “Abenomics" failed. Each are easy cliches, used to describe the country’s prevailing and preceding economic eras under two successive prime ministers, but like most overworked sayings, the two terms encapsulate a truth.In this case it’s the fact that Japan is in desperate …

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Japan exports boom as services sector remains in Covid-19 slump

Japan exports boom as services sector remains in Covid-19 slump

(ATF) Japan's factory output expanded for the first time in 22 months in February, new data showed, as strong export demand helped manufacturers shake off effects of the lingering Covid-19 pandemic.The au Jibun Bank Flash Japan Manufacturing Purchasing Managers' Index (PMI) improved to 50.6 from 49.8 in January – the …

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Japanese oil refiner switches on to electric vehicle project

Japanese oil refiner switches on to electric vehicle project

(ATF) Japanese oil refiner Idemitsu Kosan plans to launch an electric vehicle next year through a joint venture with unlisted carmaker Tajima Motor, signalling a further shift out of internal combustion engines.Idemitsu has stepped up its transformation into a supplier of low-carbon energy and materials as local oil demand drops, …

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Bank of Japan adamant asset-buying has boosted economy 

Bank of Japan adamant asset-buying has boosted economy 

Japan's central bank has dismissed calls to scale down its purchases of exchange-traded funds (ETF), arguing the policy has had a positive effect on its Covid-hit economy as the country’s stocks rose to a 30-year high.The bank’s governor stated on Tuesday its upcoming policy review will not lead to a …

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Japan's economy grows 3% in  October-December quarter

Japan's economy grows 3% in October-December quarter

(ATF) Japan's economy grew at a slower 3% in the October-December quarter, government data showed on February 15, as the country recorded a relatively strong comeback from the Covid-19 pandemic. It is now cleaning up after a weekend earthquake.The economy shrank 4.8% in 2020 in its first annual contraction since …

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US court allows extradition of men alleged to have helped Ghosn flee

US court allows extradition of men alleged to have helped Ghosn flee

(ATF) An appeals court in the US on February 11 declined to further delay the extradition to Japan of two men charged with helping former Nissan chairman Carlos Ghosn flee the country.The order clears the way for Michael Taylor and his son, Peter, to be handed over to Japan, after …

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