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Business / Financial Markets Oct 22, 2020

Dollar falls to around ¥104.50 in Tokyo trading

The dollar slid to around ¥104.50 in Tokyo trading Thursday, falling prey to selling from risk-averse market players prompted by lower European stocks. At 5 p.m., the dollar stood at ¥104.54, down from ¥105.00 at the same time Wednesday. The euro was at $1.1861, down ...

Japan's Fair Trade Commission to conduct survey of smartphone market

Business Oct 22, 2020

Japan's Fair Trade Commission to conduct survey of smartphone market

The Fair Trade Commission is considering carrying out a survey of the cellphone market including smartphones to uncover possible unfair business practices, FTC Secretary-General Shuichi Sugahisa has said. The antitrust watchdog conducted a similar survey in 2018 after low-cost smartphone service providers entered ...

IMF backs Suga’s reform plan but urges BOJ to review inflation goal

Business Oct 22, 2020

IMF backs Suga’s reform plan but urges BOJ to review inflation goal

The International Monetary Fund gave a thumbs-up Wednesday to plans by new Prime Minister Yoshihide Suga to maintain the thrust of his predecessor's Abenomics stimulus programs, while pushing through reforms to revitalize the economy. Odd Per Brekk, deputy director of the IMF's Asia and Pacific ...

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