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  •   The 9th ASEAN Defense Ministers Plus Meeting 9th ADMM Plus was held here on Wednesday to discuss ways to strengthen security stability and prosperity in the region and the world Under the theme Solidarity for Harmonized Security the meeting brought together defense ministers from ASEAN and its dialogue partners including Australia China India Japan New Zealand South Korea Russia and the United States Addressing the opening ceremony Cambodian Prime Minister Samdech Techo Hun Sen said the meeting took place against the backdrop of increasing uncertainty rapid change complexity and volatility in the global security and economic environment He said that rising geopolitical rivalries and tensions the ongoing fight against the COVID 19 pandemic the food and energy crisis the global economic downturn and war have formed a perfect storm Obviously the world is at a critical juncture as multiple complex crises pose unprecedented threats to the very foundations of peace stability and progress in many countries around the world Hun Sen said In fact the decline of multilateralism hurts us all The Cambodian leader said that ADMM Plus played an increasingly critical role in promoting mutual understanding through candid exchange of views based on mutual respect practical collaboration and capacity building Promoting mutual respect mutual understanding mutual trust and mutual interest in peace and prosperity is essential he said As a small state Cambodia firmly and consistently upholds open and inclusive multilateralism strengthens ASEAN led mechanisms or ASEAN driven regional order and adheres to international law particularly the United Nations Charter he added Hun Sen said that interconnectedness interdependence and cooperative security have been the cornerstone of peace and stability in the Asia Pacific Cambodian Defense Minister Tea Banh said the 9th ADMM Plus was crucial in discussing solutions to potential security challenges posing threats to regional and global peace and development It is necessary to find timely and effective solutions to those challenges in order to guarantee peace stability and prosperity in the region he told the event ASEAN Association of Southeast Asian Nations groups Brunei Cambodia Indonesia Laos Malaysia Myanmar the Philippines Singapore Thailand and Vietnam Xinhua
    ASEAN-Plus defense ministers meet in Cambodia to discuss solutions to key security challenges.
      The 9th ASEAN Defense Ministers Plus Meeting 9th ADMM Plus was held here on Wednesday to discuss ways to strengthen security stability and prosperity in the region and the world Under the theme Solidarity for Harmonized Security the meeting brought together defense ministers from ASEAN and its dialogue partners including Australia China India Japan New Zealand South Korea Russia and the United States Addressing the opening ceremony Cambodian Prime Minister Samdech Techo Hun Sen said the meeting took place against the backdrop of increasing uncertainty rapid change complexity and volatility in the global security and economic environment He said that rising geopolitical rivalries and tensions the ongoing fight against the COVID 19 pandemic the food and energy crisis the global economic downturn and war have formed a perfect storm Obviously the world is at a critical juncture as multiple complex crises pose unprecedented threats to the very foundations of peace stability and progress in many countries around the world Hun Sen said In fact the decline of multilateralism hurts us all The Cambodian leader said that ADMM Plus played an increasingly critical role in promoting mutual understanding through candid exchange of views based on mutual respect practical collaboration and capacity building Promoting mutual respect mutual understanding mutual trust and mutual interest in peace and prosperity is essential he said As a small state Cambodia firmly and consistently upholds open and inclusive multilateralism strengthens ASEAN led mechanisms or ASEAN driven regional order and adheres to international law particularly the United Nations Charter he added Hun Sen said that interconnectedness interdependence and cooperative security have been the cornerstone of peace and stability in the Asia Pacific Cambodian Defense Minister Tea Banh said the 9th ADMM Plus was crucial in discussing solutions to potential security challenges posing threats to regional and global peace and development It is necessary to find timely and effective solutions to those challenges in order to guarantee peace stability and prosperity in the region he told the event ASEAN Association of Southeast Asian Nations groups Brunei Cambodia Indonesia Laos Malaysia Myanmar the Philippines Singapore Thailand and Vietnam Xinhua
    ASEAN-Plus defense ministers meet in Cambodia to discuss solutions to key security challenges.
    Foreign4 days ago

    ASEAN-Plus defense ministers meet in Cambodia to discuss solutions to key security challenges.

    - The 9th ASEAN Defense Ministers Plus Meeting (9th ADMM-Plus) was held here on Wednesday to discuss ways to strengthen security, stability and prosperity in the region and the world.

    Under the theme "Solidarity for Harmonized Security", the meeting brought together defense ministers from ASEAN and its dialogue partners, including Australia, China, India, Japan, New Zealand, South Korea, Russia and the United States.

    Addressing the opening ceremony, Cambodian Prime Minister Samdech Techo Hun Sen said the meeting took place against the backdrop of increasing uncertainty, rapid change, complexity and volatility in the global security and economic environment.

    He said that rising geopolitical rivalries and tensions, the ongoing fight against the COVID-19 pandemic, the food and energy crisis, the global economic downturn and war have formed a "perfect storm."

    "Obviously, the world is at a critical juncture, as multiple complex crises pose unprecedented threats to the very foundations of peace, stability and progress in many countries around the world," Hun Sen said. "In fact, the decline of multilateralism hurts us all."

    The Cambodian leader said that ADMM-Plus played an increasingly critical role in promoting mutual understanding through candid exchange of views based on mutual respect, practical collaboration and capacity building.

    "Promoting mutual respect, mutual understanding, mutual trust and mutual interest in peace and prosperity is essential," he said.

    "As a small state, Cambodia firmly and consistently upholds open and inclusive multilateralism, strengthens ASEAN-led mechanisms or ASEAN-driven regional order, and adheres to international law, particularly the United Nations Charter," he added. .

    Hun Sen said that interconnectedness, interdependence and cooperative security have been the cornerstone of peace and stability in the Asia-Pacific.

    Cambodian Defense Minister Tea Banh said the 9th ADMM-Plus was crucial in discussing solutions to potential security challenges posing threats to regional and global peace and development.

    "It is necessary to find timely and effective solutions to those challenges in order to guarantee peace, stability and prosperity in the region," he told the event.

    ASEAN (Association of Southeast Asian Nations) groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. ■



    (Xinhua)

  •  The powerful sister of North Korean leader Kim Jong Un slammed the UN Security Council for double standards after it convened a meeting over Pyongyang s launch of an intercontinental ballistic missile state media said Tuesday The North fired an ICBM on Friday in one of its most powerful tests yet prompting the Security Council to convene an open meeting on Monday in New York Kim Jong Un s sister Yo Jong accused the UNSC of turning blind eyes to the very dangerous military drills of Seoul and Washington and their greedy arms buildup This is evidently the application of double standards she said in a statement carried by the official Korean Central News Agency KCNA A divided Security Council slammed Friday s launch but stopped short of issuing a formal statement because of opposition from China and Russia The United States Britain France India and Australia were among the 14 Security Council members to strongly condemn the launch of the ICBM which landed about 200 kilometres 120 miles from Japan s coastline The 14 signatories said in a joint statement the latest launch was a serious escalation and poses an unequivocal threat to international peace and security Kim Yo Jong called the statement disgusting and described the 14 signatories as rabbles She said the United States which she likened to a barking dog seized with fear was pushing the Korean peninsula towards a new crisis and warned of the toughest counteraction The more hell bent it gets on the anti DPRK acts it will face a more fatal security crisis Kim Yo Jong said using the North s official name of the Democratic People s Republic of Korea Kim Jong Un supervised Friday s launch which KCNA said was a Hwasong 17 dubbed by analysts as the monster missile The missile flew 1 000 kilometres 620 miles at an altitude of 6 100 km South Korea s military said only slightly less than the ICBM Pyongyang fired on March 24 which appeared to be the North s most powerful such test yet The launch was the latest in Pyongyang s record breaking blitz of launches in recent weeks Pyongyang and Moscow have repeatedly blamed them on Washington s moves to boost the protection it offers to allies Seoul and Tokyo Officials and analysts in Seoul and Washington say the launches may build up to a seventh nuclear test The UN Security Council has passed nearly a dozen resolutions imposing sanctions on North Korea over its nuclear and missile activity since 2006 The United States accused Beijing and Moscow this month of protecting Pyongyang from further punishment
    North Korean leader’s sister slams UN ‘rabble’ for double standards
     The powerful sister of North Korean leader Kim Jong Un slammed the UN Security Council for double standards after it convened a meeting over Pyongyang s launch of an intercontinental ballistic missile state media said Tuesday The North fired an ICBM on Friday in one of its most powerful tests yet prompting the Security Council to convene an open meeting on Monday in New York Kim Jong Un s sister Yo Jong accused the UNSC of turning blind eyes to the very dangerous military drills of Seoul and Washington and their greedy arms buildup This is evidently the application of double standards she said in a statement carried by the official Korean Central News Agency KCNA A divided Security Council slammed Friday s launch but stopped short of issuing a formal statement because of opposition from China and Russia The United States Britain France India and Australia were among the 14 Security Council members to strongly condemn the launch of the ICBM which landed about 200 kilometres 120 miles from Japan s coastline The 14 signatories said in a joint statement the latest launch was a serious escalation and poses an unequivocal threat to international peace and security Kim Yo Jong called the statement disgusting and described the 14 signatories as rabbles She said the United States which she likened to a barking dog seized with fear was pushing the Korean peninsula towards a new crisis and warned of the toughest counteraction The more hell bent it gets on the anti DPRK acts it will face a more fatal security crisis Kim Yo Jong said using the North s official name of the Democratic People s Republic of Korea Kim Jong Un supervised Friday s launch which KCNA said was a Hwasong 17 dubbed by analysts as the monster missile The missile flew 1 000 kilometres 620 miles at an altitude of 6 100 km South Korea s military said only slightly less than the ICBM Pyongyang fired on March 24 which appeared to be the North s most powerful such test yet The launch was the latest in Pyongyang s record breaking blitz of launches in recent weeks Pyongyang and Moscow have repeatedly blamed them on Washington s moves to boost the protection it offers to allies Seoul and Tokyo Officials and analysts in Seoul and Washington say the launches may build up to a seventh nuclear test The UN Security Council has passed nearly a dozen resolutions imposing sanctions on North Korea over its nuclear and missile activity since 2006 The United States accused Beijing and Moscow this month of protecting Pyongyang from further punishment
    North Korean leader’s sister slams UN ‘rabble’ for double standards
    Foreign4 days ago

    North Korean leader’s sister slams UN ‘rabble’ for double standards

    The powerful sister of North Korean leader Kim Jong Un slammed the UN Security Council for double standards after it convened a meeting over Pyongyang’s launch of an intercontinental ballistic missile, state media said Tuesday.

    The North fired an ICBM on Friday in one of its most powerful tests yet, prompting the Security Council to convene an open meeting on Monday in New York. Kim Jong Un’s sister, Yo Jong, accused the UNSC of turning “blind eyes to the very dangerous military drills” of Seoul and Washington and “their greedy arms buildup”.

    “This is evidently the application of double standards,” she said in a statement carried by the official Korean Central News Agency (KCNA).

    A divided Security Council slammed Friday’s launch but stopped short of issuing a formal statement because of opposition from China and Russia.

    The United States, Britain, France, India and Australia were among the 14 Security Council members to strongly condemn the launch of the ICBM, which landed about 200 kilometres (120 miles) from Japan’s coastline.

    The 14 signatories said in a joint statement the latest launch was a serious escalation “and poses an unequivocal threat to international peace and security”.

    Kim Yo Jong called the statement “disgusting” and described the 14 signatories as “rabbles”.

    She said the United States, which she likened to “a barking dog seized with fear”, was pushing the Korean peninsula towards a new crisis and warned of “the toughest counteraction”.

    “The more hell-bent it gets on the anti-DPRK acts, it will face a more fatal security crisis,” Kim Yo Jong said, using the North’s official name of the Democratic People’s Republic of Korea.

    Kim Jong Un supervised Friday’s launch, which KCNA said was a Hwasong-17 — dubbed by analysts as the “monster missile”.

    The missile flew 1,000 kilometres (620 miles) at an altitude of 6,100 km, South Korea’s military said, only slightly less than the ICBM Pyongyang fired on March 24, which appeared to be the North’s most powerful such test yet.

    The launch was the latest in Pyongyang’s record-breaking blitz of launches in recent weeks.

    Pyongyang and Moscow have repeatedly blamed them on Washington’s moves to boost the protection it offers to allies Seoul and Tokyo.

    Officials and analysts in Seoul and Washington say the launches may build up to a seventh nuclear test.

    The UN Security Council has passed nearly a dozen resolutions imposing sanctions on North Korea over its nuclear and missile activity since 2006.

    The United States accused Beijing and Moscow this month of protecting Pyongyang from further punishment.

  •  Japan s health ministry granted emergency approval to Japanese drugmaker Shionogi Co s COVID 19 drug on Tuesday making it the first domestically developed oral drug against the virus The oral drug Xocova for coronavirus patients with mild symptoms has received fast track approval in Japan from a health ministry panel The move comes as the country has recently seen a spike in the number of daily coronavirus cases I hope it will contribute to measures against the coronavirus as another treatment option Japanese health minister Katsunobu Kato told reporters Two other oral drugs for COVID 19 patients with mild symptoms both developed by foreign pharmaceutical firms have already been licensed for use in Japan Japan reported 121 460 new coronavirus cases on Tuesday up 79 036 from the previous day s figure with Hokkaido recording 11 394 new cases a record daily number for Japan s northernmost prefecture Xinhua
    Japan grants emergency approval to COVID-19 oral drug developed at home
     Japan s health ministry granted emergency approval to Japanese drugmaker Shionogi Co s COVID 19 drug on Tuesday making it the first domestically developed oral drug against the virus The oral drug Xocova for coronavirus patients with mild symptoms has received fast track approval in Japan from a health ministry panel The move comes as the country has recently seen a spike in the number of daily coronavirus cases I hope it will contribute to measures against the coronavirus as another treatment option Japanese health minister Katsunobu Kato told reporters Two other oral drugs for COVID 19 patients with mild symptoms both developed by foreign pharmaceutical firms have already been licensed for use in Japan Japan reported 121 460 new coronavirus cases on Tuesday up 79 036 from the previous day s figure with Hokkaido recording 11 394 new cases a record daily number for Japan s northernmost prefecture Xinhua
    Japan grants emergency approval to COVID-19 oral drug developed at home
    Foreign4 days ago

    Japan grants emergency approval to COVID-19 oral drug developed at home

    Japan's health ministry granted emergency approval to Japanese drugmaker Shionogi & Co.'s COVID-19 drug on Tuesday, making it the first domestically developed oral drug against the virus.

    The oral drug, Xocova, for coronavirus patients with mild symptoms, has received fast track approval in Japan from a health ministry panel. The move comes as the country has recently seen a spike in the number of daily coronavirus cases.

    "I hope it will contribute to measures against the coronavirus as another treatment option," Japanese health minister Katsunobu Kato told reporters.

    Two other oral drugs for COVID-19 patients with mild symptoms, both developed by foreign pharmaceutical firms, have already been licensed for use in Japan.

    Japan reported 121,460 new coronavirus cases on Tuesday, up 79,036 from the previous day's figure, with Hokkaido recording 11,394 new cases, a record daily number for Japan's northernmost prefecture. ■



    (Xinhua)

  •   Japan s benchmark Nikkei stock index closed higher on Tuesday as the weak yen against the US dollar gave exporters a boost while investors returned to buying oversold issues to cover short positions ahead of the national holiday on Wednesday The Nikkei Stock Average of 225 issues gained 170 95 points or 0 61 percent since Monday to close the day at 28 115 74 Meanwhile the broader Topix index added 22 18 points or 1 12 percent to end at 1 994 75 Market analysts said that amid the lack of meaningful signals other than the yen s slide against the US dollar coupled with woes from exporters that found favour investors opted to buy back issues at favorable valuations There were no specific signs of market movement but investors liked the weak yen Investors are likely to buy back shares to cover their short positions before the market holiday tomorrow as the yen could weaken further after Federal Reserve comments Yutaka Miura a senior technical analyst at Mizuho Securities Co said But US stocks could fall if markets encounter any aggressive comments from Fed officials which could trigger a sell off in Japanese futures on Friday Miura said Possible hawkish comments could come from the latest Fed meeting the minutes of which will be released this week local analysts said As for further weakening of the yen currency strategists said this could be the case ahead of the national holidays in both Japan and the United States The dollar could rally further to the 143 yen level before the national holiday in Japan on Wednesday and the Thanksgiving holiday in the United States this week Yukio Ishizuki senior currency strategist at Daiwa Securities Co was quoted as saying In the Prime Market issues related to electricity and gas pharmaceuticals and transportation equipment were the ones that gained the most Exporters gained from the yen s decline as foreign earnings rise when repatriated and price competitiveness improved on global markets investment analysts said Among these automakers advanced with Toyota Motor accelerating 2 3 percent while Mazda Motor finished 1 2 percent higher Shionogi Co rose 2 8 percent following reports that Japan s Health Ministry may soon approve the pharmaceutical company s new oral COVID 19 treatment Chipmakers ended mixed with Nikkei heavyweight Tokyo Electron recovering to close 0 1 percent higher while heavyweight Advantest fell 1 4 percent Issues that rose outpaced those that fell by 1 467 to 325 on the Prime Market while 44 ended the day unchanged On Tuesday 1 204 28 million shares changed hands down from Monday s volume of 965 30 million shares The turnover for the second trading day of the week came in at 2 923 180 million yen 20 690 million US dollars Xinhua
    Japan’s Nikkei closes higher as falling yen buoys exporters
      Japan s benchmark Nikkei stock index closed higher on Tuesday as the weak yen against the US dollar gave exporters a boost while investors returned to buying oversold issues to cover short positions ahead of the national holiday on Wednesday The Nikkei Stock Average of 225 issues gained 170 95 points or 0 61 percent since Monday to close the day at 28 115 74 Meanwhile the broader Topix index added 22 18 points or 1 12 percent to end at 1 994 75 Market analysts said that amid the lack of meaningful signals other than the yen s slide against the US dollar coupled with woes from exporters that found favour investors opted to buy back issues at favorable valuations There were no specific signs of market movement but investors liked the weak yen Investors are likely to buy back shares to cover their short positions before the market holiday tomorrow as the yen could weaken further after Federal Reserve comments Yutaka Miura a senior technical analyst at Mizuho Securities Co said But US stocks could fall if markets encounter any aggressive comments from Fed officials which could trigger a sell off in Japanese futures on Friday Miura said Possible hawkish comments could come from the latest Fed meeting the minutes of which will be released this week local analysts said As for further weakening of the yen currency strategists said this could be the case ahead of the national holidays in both Japan and the United States The dollar could rally further to the 143 yen level before the national holiday in Japan on Wednesday and the Thanksgiving holiday in the United States this week Yukio Ishizuki senior currency strategist at Daiwa Securities Co was quoted as saying In the Prime Market issues related to electricity and gas pharmaceuticals and transportation equipment were the ones that gained the most Exporters gained from the yen s decline as foreign earnings rise when repatriated and price competitiveness improved on global markets investment analysts said Among these automakers advanced with Toyota Motor accelerating 2 3 percent while Mazda Motor finished 1 2 percent higher Shionogi Co rose 2 8 percent following reports that Japan s Health Ministry may soon approve the pharmaceutical company s new oral COVID 19 treatment Chipmakers ended mixed with Nikkei heavyweight Tokyo Electron recovering to close 0 1 percent higher while heavyweight Advantest fell 1 4 percent Issues that rose outpaced those that fell by 1 467 to 325 on the Prime Market while 44 ended the day unchanged On Tuesday 1 204 28 million shares changed hands down from Monday s volume of 965 30 million shares The turnover for the second trading day of the week came in at 2 923 180 million yen 20 690 million US dollars Xinhua
    Japan’s Nikkei closes higher as falling yen buoys exporters
    Foreign4 days ago

    Japan’s Nikkei closes higher as falling yen buoys exporters

    - Japan's benchmark Nikkei stock index closed higher on Tuesday as the weak yen against the US dollar gave exporters a boost, while investors returned to buying oversold issues to cover short positions ahead of the national holiday on Wednesday.

    The Nikkei Stock Average of 225 issues gained 170.95 points, or 0.61 percent, since Monday to close the day at 28,115.74.

    Meanwhile, the broader Topix index added 22.18 points, or 1.12 percent, to end at 1,994.75.

    Market analysts said that amid the lack of meaningful signals other than the yen's slide against the US dollar, coupled with woes from exporters that found favour, investors opted to buy back issues at favorable valuations.

    "There were no specific signs of market movement, but investors liked the weak yen. Investors are likely to buy back shares to cover their short positions before the market holiday tomorrow, as the yen could weaken further after Federal Reserve comments," Yutaka Miura, a senior technical analyst at Mizuho Securities Co., said.

    "But US stocks could fall if markets encounter any aggressive comments from Fed officials, which could trigger a sell-off in Japanese futures on Friday," Miura said.

    Possible hawkish comments could come from the latest Fed meeting, the minutes of which will be released this week, local analysts said.

    As for further weakening of the yen, currency strategists said this could be the case ahead of the national holidays in both Japan and the United States.

    "The dollar could rally further to the 143 yen level before the national holiday in Japan on Wednesday and the Thanksgiving holiday in the United States this week," Yukio Ishizuki, senior currency strategist at Daiwa Securities Co., was quoted as saying. .

    In the Prime Market, issues related to electricity and gas, pharmaceuticals and transportation equipment were the ones that gained the most.

    Exporters gained from the yen's decline as foreign earnings rise when repatriated and price competitiveness improved on global markets, investment analysts said.

    Among these, automakers advanced, with Toyota Motor accelerating 2.3 percent, while Mazda Motor finished 1.2 percent higher.

    Shionogi & Co. rose 2.8 percent, following reports that Japan's Health Ministry may soon approve the pharmaceutical company's new oral COVID-19 treatment.

    Chipmakers ended mixed, with Nikkei heavyweight Tokyo Electron recovering to close 0.1 percent higher, while heavyweight Advantest fell 1.4 percent.

    Issues that rose outpaced those that fell by 1,467 to 325 on the Prime Market, while 44 ended the day unchanged.

    On Tuesday, 1,204.28 million shares changed hands, down from Monday's volume of 965.30 million shares.

    The turnover for the second trading day of the week came in at 2,923.180 million yen (20.690 million US dollars). ■



    (Xinhua)

  •   Amid rising incidents of human rights violations abuse and lack of support for overseas trainees the Japanese government on Tuesday assembled a panel of experts to assess the controversial technical internship program The Japan International Cooperation Agency JICA a government agency responsible for delivering the bulk of Official Development Assistance to the government helping economic and social growth in developing countries and enhancing international cooperation will lead the panel JICA President Akihiko Tanaka will chair the group comprising 14 other members with the first meeting scheduled for before the end of the year the Japan Immigration Services Agency said Subsequently monthly meetings will take place with the goal of producing a preliminary report in the spring to be finalized around the fall of next year The government will make revisions to the program after the final report is submitted According to the Immigration Services Agency at the end of June there were about 328 000 people residing in Japan as technical trainees The training program for foreigners was introduced by the Japanese government in 1993 to allow people from certain developing countries to work here in the agricultural and manufacturing sectors Apprentices were allowed to work for up to five years Since the inception of the technical intern program an increasing number of disturbing incidents have occurred with increasing frequency in connection with the program and interns were found to be victims of physical abuse harassment and exploitation The program has been frequently criticized both at home and abroad by cultural civic and educational groups among others This is amid concerns that some Japanese companies are simply using the training program for what amounts to slave labor rather than how it is supposed to work as a means of transferring new skills to developing countries The program is intended to give trainees from abroad the opportunity to learn new skills here and then transfer them back to their respective developing countries Despite the government s efforts here to crack down on brokers and placement agencies who exploit foreigners for large sums of money with the promise of being able to work in Japan the program remains fundamentally flawed as many of the trainees are abused when they are placed with a company here advocacy groups here have said Xinhua
    Japan forms panel to assess foreign trainee program amid rising cases of abuse and exploitation
      Amid rising incidents of human rights violations abuse and lack of support for overseas trainees the Japanese government on Tuesday assembled a panel of experts to assess the controversial technical internship program The Japan International Cooperation Agency JICA a government agency responsible for delivering the bulk of Official Development Assistance to the government helping economic and social growth in developing countries and enhancing international cooperation will lead the panel JICA President Akihiko Tanaka will chair the group comprising 14 other members with the first meeting scheduled for before the end of the year the Japan Immigration Services Agency said Subsequently monthly meetings will take place with the goal of producing a preliminary report in the spring to be finalized around the fall of next year The government will make revisions to the program after the final report is submitted According to the Immigration Services Agency at the end of June there were about 328 000 people residing in Japan as technical trainees The training program for foreigners was introduced by the Japanese government in 1993 to allow people from certain developing countries to work here in the agricultural and manufacturing sectors Apprentices were allowed to work for up to five years Since the inception of the technical intern program an increasing number of disturbing incidents have occurred with increasing frequency in connection with the program and interns were found to be victims of physical abuse harassment and exploitation The program has been frequently criticized both at home and abroad by cultural civic and educational groups among others This is amid concerns that some Japanese companies are simply using the training program for what amounts to slave labor rather than how it is supposed to work as a means of transferring new skills to developing countries The program is intended to give trainees from abroad the opportunity to learn new skills here and then transfer them back to their respective developing countries Despite the government s efforts here to crack down on brokers and placement agencies who exploit foreigners for large sums of money with the promise of being able to work in Japan the program remains fundamentally flawed as many of the trainees are abused when they are placed with a company here advocacy groups here have said Xinhua
    Japan forms panel to assess foreign trainee program amid rising cases of abuse and exploitation
    Foreign4 days ago

    Japan forms panel to assess foreign trainee program amid rising cases of abuse and exploitation

    - Amid rising incidents of human rights violations, abuse and lack of support for overseas trainees, the Japanese government on Tuesday assembled a panel of experts to assess the controversial technical internship program.

    The Japan International Cooperation Agency (JICA), a government agency responsible for delivering the bulk of Official Development Assistance to the government, helping economic and social growth in developing countries, and enhancing international cooperation, will lead the panel.

    JICA President Akihiko Tanaka will chair the group comprising 14 other members, with the first meeting scheduled for before the end of the year, the Japan Immigration Services Agency said.

    Subsequently, monthly meetings will take place with the goal of producing a preliminary report in the spring to be finalized around the fall of next year.

    The government will make revisions to the program after the final report is submitted.

    According to the Immigration Services Agency, at the end of June there were about 328,000 people residing in Japan as technical trainees.

    The training program for foreigners was introduced by the Japanese government in 1993 to allow people from certain developing countries to work here in the agricultural and manufacturing sectors. Apprentices were allowed to work for up to five years.

    Since the inception of the technical intern program, an increasing number of disturbing incidents have occurred with increasing frequency in connection with the program, and interns were found to be victims of physical abuse, harassment, and exploitation.

    The program has been frequently criticized both at home and abroad by cultural, civic, and educational groups, among others.

    This is amid concerns that some Japanese companies are simply using the training program for what amounts to slave labor, rather than how it is supposed to work as a means of transferring new skills to developing countries.

    The program is intended to give trainees from abroad the opportunity to learn new skills here and then transfer them back to their respective developing countries.

    Despite the government's efforts here to crack down on brokers and placement agencies who exploit foreigners for large sums of money with the promise of being able to work in Japan, the program remains fundamentally flawed as many of the trainees are abused. when they are placed. with a company here, advocacy groups here have said. ■



    (Xinhua)

  •  US Vice President Kamala Harris on Tuesday visited a Philippine island near waters claimed by China to show support for the longtime US ally and counter Beijing s growing influence in the region Harris is the highest ranking US official ever to visit the western island of Palawan the closest Philippine landmass to the Spratly archipelago in the hotly contested South China Sea Beijing claims sovereignty over almost the entire sea and has ignored an international court ruling that its claims have no legal basis The Philippines Vietnam Malaysia and Brunei have overlapping claims to parts of it Harris met with fisherfolk in a coastal village and members of the Philippine Coast Guard In a speech Harris said international rules and norms must be upheld and the UN backed tribunal decision rejecting China s claims over the South China Sea respected The United States and the broader international community have a profound stake in the future of this region she said on board a Philippine Coast Guard vessel As an ally the United States stands with the Philippines in the face of intimidation and coercion in the South China Sea Harris s trip to Palawan comes a day after she held talks with Philippine President Ferdinand Marcos in Manila She reaffirmed the United States unwavering commitment to defending the Philippines if its vessels or aircraft were attacked in the South China Sea Washington has a decades old security alliance with the Philippines that includes a mutual defence treaty and a 2014 pact known by the acronym EDCA which allows for the US military to store defence equipment and supplies on five Philippine bases It also allows US troops to rotate through those military bases EDCA stalled under former president Rodrigo Duterte but the United States and the Philippines have expressed support for accelerating its implementation as China becomes increasingly assertive Rebuilding relations As regional tensions rise fuelled by China s recent wargames around Taiwan Washington is seeking to repair ties with Manila whose cooperation would be critical in the event of a conflict Relations between the two countries fractured under the mercurial Duterte who favoured China over his country s former colonial master Marcos has sought to strike more of a balance between his superpower neighbours insisting he will not let China trample on Manila s maritime rights Harris s visit conveyed a stronger sense of commitment to the Philippines position on maritime claims but also underscored the need for EDCA s continued implementation said Jay Batongbacal director of the University of the Philippines s Institute for Maritime Affairs and Law of the Sea The US cannot adequately carry out its obligations if it is forced to stay several thousand kilometres away in Japan or Guam he said Of all the claimants to the South China Sea Beijing has in recent years pressed its stance most aggressively Hundreds of Chinese coast guard and maritime militia vessels prowl the waters swarming reefs harassing and attacking fishing and other boats and interfering in oil and gas exploration as well as scientific research Chinese state outlet Global Times on Tuesday accused Harris of fanning the flames of the South China Sea issue The Philippines has the right to receive any foreign visitor What we want to emphasize is that any bilateral exchanges should not be at the expense of the interests of any third country as well as regional peace and stability it said in an editorial On the eve of Harris s visit to Palawan a senior Philippine navy official accused the Chinese coastguard of forcefully seizing parts of a rocket that landed in the Spratlys Beijing which has built militarised artificial islands in the archipelago insisted the handover took place after friendly consultation Tensions between Manila and Beijing flared last year after hundreds of Chinese vessels were detected at Whitsun Reef in the Spratlys Last November Chinese coastguard ships fired water cannon at Philippine boats delivering supplies to marines at Second Thomas Shoal in the same archipelago
    US VP Harris visits Philippine island near China-claimed waters
     US Vice President Kamala Harris on Tuesday visited a Philippine island near waters claimed by China to show support for the longtime US ally and counter Beijing s growing influence in the region Harris is the highest ranking US official ever to visit the western island of Palawan the closest Philippine landmass to the Spratly archipelago in the hotly contested South China Sea Beijing claims sovereignty over almost the entire sea and has ignored an international court ruling that its claims have no legal basis The Philippines Vietnam Malaysia and Brunei have overlapping claims to parts of it Harris met with fisherfolk in a coastal village and members of the Philippine Coast Guard In a speech Harris said international rules and norms must be upheld and the UN backed tribunal decision rejecting China s claims over the South China Sea respected The United States and the broader international community have a profound stake in the future of this region she said on board a Philippine Coast Guard vessel As an ally the United States stands with the Philippines in the face of intimidation and coercion in the South China Sea Harris s trip to Palawan comes a day after she held talks with Philippine President Ferdinand Marcos in Manila She reaffirmed the United States unwavering commitment to defending the Philippines if its vessels or aircraft were attacked in the South China Sea Washington has a decades old security alliance with the Philippines that includes a mutual defence treaty and a 2014 pact known by the acronym EDCA which allows for the US military to store defence equipment and supplies on five Philippine bases It also allows US troops to rotate through those military bases EDCA stalled under former president Rodrigo Duterte but the United States and the Philippines have expressed support for accelerating its implementation as China becomes increasingly assertive Rebuilding relations As regional tensions rise fuelled by China s recent wargames around Taiwan Washington is seeking to repair ties with Manila whose cooperation would be critical in the event of a conflict Relations between the two countries fractured under the mercurial Duterte who favoured China over his country s former colonial master Marcos has sought to strike more of a balance between his superpower neighbours insisting he will not let China trample on Manila s maritime rights Harris s visit conveyed a stronger sense of commitment to the Philippines position on maritime claims but also underscored the need for EDCA s continued implementation said Jay Batongbacal director of the University of the Philippines s Institute for Maritime Affairs and Law of the Sea The US cannot adequately carry out its obligations if it is forced to stay several thousand kilometres away in Japan or Guam he said Of all the claimants to the South China Sea Beijing has in recent years pressed its stance most aggressively Hundreds of Chinese coast guard and maritime militia vessels prowl the waters swarming reefs harassing and attacking fishing and other boats and interfering in oil and gas exploration as well as scientific research Chinese state outlet Global Times on Tuesday accused Harris of fanning the flames of the South China Sea issue The Philippines has the right to receive any foreign visitor What we want to emphasize is that any bilateral exchanges should not be at the expense of the interests of any third country as well as regional peace and stability it said in an editorial On the eve of Harris s visit to Palawan a senior Philippine navy official accused the Chinese coastguard of forcefully seizing parts of a rocket that landed in the Spratlys Beijing which has built militarised artificial islands in the archipelago insisted the handover took place after friendly consultation Tensions between Manila and Beijing flared last year after hundreds of Chinese vessels were detected at Whitsun Reef in the Spratlys Last November Chinese coastguard ships fired water cannon at Philippine boats delivering supplies to marines at Second Thomas Shoal in the same archipelago
    US VP Harris visits Philippine island near China-claimed waters
    Foreign5 days ago

    US VP Harris visits Philippine island near China-claimed waters

    US Vice President Kamala Harris on Tuesday visited a Philippine island near waters claimed by China to show support for the longtime US ally and counter Beijing’s growing influence in the region.

    Harris is the highest-ranking US official ever to visit the western island of Palawan, the closest Philippine landmass to the Spratly archipelago in the hotly contested South China Sea. Beijing claims sovereignty over almost the entire sea and has ignored an international court ruling that its claims have no legal basis.

    The Philippines, Vietnam, Malaysia and Brunei have overlapping claims to parts of it.

    Harris met with fisherfolk in a coastal village and members of the Philippine Coast Guard.

    In a speech, Harris said “international rules and norms” must be upheld and the UN-backed tribunal decision rejecting China’s claims over the South China Sea respected.

    “The United States — and the broader international community — have a profound stake in the future of this region,” she said, on board a Philippine Coast Guard vessel.

    “As an ally, the United States stands with the Philippines in the face of intimidation and coercion in the South China Sea.” Harris’s trip to Palawan comes a day after she held talks with Philippine President Ferdinand Marcos in Manila.

    She reaffirmed the United States’ “unwavering” commitment to defending the Philippines if its vessels or aircraft were attacked in the South China Sea.Washington has a decades-old security alliance with the Philippines that includes a mutual defence treaty and a 2014 pact, known by the acronym EDCA, which allows for the US military to store defence equipment and supplies on five Philippine bases.

    It also allows US troops to rotate through those military bases.

    EDCA stalled under former president Rodrigo Duterte, but the United States and the Philippines have expressed support for accelerating its implementation as China becomes increasingly assertive.

    – Rebuilding relations –As regional tensions rise, fuelled by China’s recent wargames around Taiwan, Washington is seeking to repair ties with Manila, whose cooperation would be critical in the event of a conflict.

    Relations between the two countries fractured under the mercurial Duterte, who favoured China over his country’s former colonial master.

    Marcos has sought to strike more of a balance between his superpower neighbours, insisting he will not let China trample on Manila’s maritime rights.

    Harris’s visit conveyed a “stronger sense of commitment” to the Philippines’ position on maritime claims, but also underscored the need for EDCA’s continued implementation, said Jay Batongbacal, director of the University of the Philippines’s Institute for Maritime Affairs and Law of the Sea. “The US cannot adequately carry out its obligations if it is forced to stay several thousand kilometres away in Japan or Guam,” he said.

    Of all the claimants to the South China Sea, Beijing has in recent years pressed its stance most aggressively.

    Hundreds of Chinese coast guard and maritime militia vessels prowl the waters, swarming reefs, harassing and attacking fishing and other boats, and interfering in oil and gas exploration as well as scientific research.

    Chinese state outlet Global Times on Tuesday accused Harris of “fanning the flames of the South China Sea issue”.

    “The Philippines has the right to receive any foreign visitor.

    What we want to emphasize is that any bilateral exchanges should not be at the expense of the interests of any third country as well as regional peace and stability,” it said in an editorial.

    On the eve of Harris’s visit to Palawan, a senior Philippine navy official accused the Chinese coastguard of “forcefully” seizing parts of a rocket that landed in the Spratlys.

    Beijing — which has built militarised artificial islands in the archipelago — insisted the handover took place after “friendly consultation”.

    Tensions between Manila and Beijing flared last year after hundreds of Chinese vessels were detected at Whitsun Reef in the Spratlys.

    Last November, Chinese coastguard ships fired water cannon at Philippine boats delivering supplies to marines at Second Thomas Shoal in the same archipelago.

  •  Japan s space agency said Tuesday it has given up on a plan to land its Omotenashi space probe on the surface of the moon The news comes after the ultra small unmanned lander was unable to maintain stable communications with controllers on Earth and as a result was unable to correct its trajectory after launch last week sources close to the matter said They explained that the problem became known after the probe billed as one of the world s smallest lunar landers lifted off last week on NASA s Space Launch System rocket from the Kennedy Space Center in Florida Unstable communication between the probe and its controllers affected the probe s trajectory as its solar arrays were kept away from the sun the Japan Aerospace Exploration Agency JAXA explained JAXA officials attempted to correct the craft s trajectory before it passed the Moon and slow it down in an unsuccessful attempt to land the 12 6 kilogram box shaped lander on the Moon s surface around 11 55 p m the agency said Plans for Japan to land its first probe on the moon s surface were later scrapped around 2 a m local time Tuesday JAXA officials said the decision being based on no improvement in communications with Omotenashi If the moon landing had gone ahead as planned Japan would have been the fourth country to land a spacecraft on the surface of the Moon after the former Soviet Union the United States and China According to JAXA Omotenashi will continue to be used in the future for other missions already underway including measuring radiation exposure levels in space among others but only if the probe s communication problems can be corrected Xinhua
    Japan’s space agency is unable to land the probe on the Moon due to communication problems.
     Japan s space agency said Tuesday it has given up on a plan to land its Omotenashi space probe on the surface of the moon The news comes after the ultra small unmanned lander was unable to maintain stable communications with controllers on Earth and as a result was unable to correct its trajectory after launch last week sources close to the matter said They explained that the problem became known after the probe billed as one of the world s smallest lunar landers lifted off last week on NASA s Space Launch System rocket from the Kennedy Space Center in Florida Unstable communication between the probe and its controllers affected the probe s trajectory as its solar arrays were kept away from the sun the Japan Aerospace Exploration Agency JAXA explained JAXA officials attempted to correct the craft s trajectory before it passed the Moon and slow it down in an unsuccessful attempt to land the 12 6 kilogram box shaped lander on the Moon s surface around 11 55 p m the agency said Plans for Japan to land its first probe on the moon s surface were later scrapped around 2 a m local time Tuesday JAXA officials said the decision being based on no improvement in communications with Omotenashi If the moon landing had gone ahead as planned Japan would have been the fourth country to land a spacecraft on the surface of the Moon after the former Soviet Union the United States and China According to JAXA Omotenashi will continue to be used in the future for other missions already underway including measuring radiation exposure levels in space among others but only if the probe s communication problems can be corrected Xinhua
    Japan’s space agency is unable to land the probe on the Moon due to communication problems.
    Foreign5 days ago

    Japan’s space agency is unable to land the probe on the Moon due to communication problems.

    Japan's space agency said Tuesday it has given up on a plan to land its Omotenashi space probe on the surface of the moon.

    The news comes after the ultra-small unmanned lander was unable to maintain stable communications with controllers on Earth and as a result was unable to correct its trajectory after launch last week, sources close to the matter said.

    They explained that the problem became known after the probe, billed as one of the world's smallest lunar landers, lifted off last week on NASA's Space Launch System rocket from the Kennedy Space Center in Florida.

    Unstable communication between the probe and its controllers affected the probe's trajectory, as its solar arrays were kept away from the sun, the Japan Aerospace Exploration Agency (JAXA) explained.

    JAXA officials attempted to correct the craft's trajectory before it passed the Moon and slow it down in an unsuccessful attempt to land the 12.6-kilogram box-shaped lander on the Moon's surface around 11:55 p.m. the agency said.

    Plans for Japan to land its first probe on the moon's surface were later scrapped around 2 a.m. local time Tuesday, JAXA officials said, the decision being based on no improvement in communications with Omotenashi.

    If the moon landing had gone ahead as planned, Japan would have been the fourth country to land a spacecraft on the surface of the Moon, after the former Soviet Union, the United States and China.

    According to JAXA, Omotenashi will continue to be used in the future for other missions already underway, including measuring radiation exposure levels in space, among others, but only if the probe's communication problems can be corrected. . ■



    (Xinhua)

  •  Japan s Finance Minister Shunichi Suzuki said on Monday the government would do all it could to tackle the rising cost of living as it sought parliamentary approval of an additional budget to finance an economic package In a fiscal policy speech to the Diet the country s parliament Suzuki said the economy was facing headwinds from accelerating inflation driven by rising commodity prices and a sharp fall in the yen The Japanese government submitted a 29 1 trillion yen 199 billion supplementary budget bill for fiscal year 2022 to the Diet on Monday to finance its economic package designed primarily to combat rising prices The environment surrounding the Japanese economy is becoming more and more severe We need to get through this difficult time by supporting Japanese people s livelihoods and business activity and putting the economy on track for much higher and sustainable growth the minister said of finance The government aims to see the draft budget approved by parliament before the current session of the Diet ends in early December Xinhua
    Japan’s finance minister vows all-out efforts to fight inflation
     Japan s Finance Minister Shunichi Suzuki said on Monday the government would do all it could to tackle the rising cost of living as it sought parliamentary approval of an additional budget to finance an economic package In a fiscal policy speech to the Diet the country s parliament Suzuki said the economy was facing headwinds from accelerating inflation driven by rising commodity prices and a sharp fall in the yen The Japanese government submitted a 29 1 trillion yen 199 billion supplementary budget bill for fiscal year 2022 to the Diet on Monday to finance its economic package designed primarily to combat rising prices The environment surrounding the Japanese economy is becoming more and more severe We need to get through this difficult time by supporting Japanese people s livelihoods and business activity and putting the economy on track for much higher and sustainable growth the minister said of finance The government aims to see the draft budget approved by parliament before the current session of the Diet ends in early December Xinhua
    Japan’s finance minister vows all-out efforts to fight inflation
    Foreign5 days ago

    Japan’s finance minister vows all-out efforts to fight inflation

    Japan's Finance Minister Shunichi Suzuki said on Monday the government would do all it could to tackle the rising cost of living as it sought parliamentary approval of an additional budget to finance an economic package.

    In a fiscal policy speech to the Diet, the country's parliament, Suzuki said the economy was facing headwinds from accelerating inflation driven by rising commodity prices and a sharp fall in the yen.

    The Japanese government submitted a 29.1 trillion yen ($199 billion) supplementary budget bill for fiscal year 2022 to the Diet on Monday to finance its economic package designed primarily to combat rising prices.

    "The environment surrounding the Japanese economy is becoming more and more severe. We need to get through this difficult time by supporting Japanese people's livelihoods and business activity and putting the economy on track for much higher and sustainable growth," the minister said. of finance. .

    The government aims to see the draft budget approved by parliament before the current session of the Diet ends in early December. ■



    (Xinhua)

  •   Japan s benchmark Nikkei stock index closed slightly higher on Monday as exporters gained from the falling yen but weighed on below average earnings from insurance companies and concerns about the future health of the economy American The Nikkei Stock Average of 225 issues rose 45 02 points or 0 16 percent since Friday to close the day at 27 944 79 Meanwhile the broader Topix index added 5 54 points or 0 28 percent to end at 1 972 57 Local traders said the US dollar gained against the Japanese yen on concerns that the US Federal Reserve will continue to aggressively raise interest rates next year in a bid to rein in runaway inflation On Friday a Fed official suggested the central bank might proceed with another 0 75 percentage point hike going forward The resulting rise in the US dollar against the yen on Monday helped buoy some exporters although concerns persist over a US economic slowdown Financial markets are trying to balance the room for further rate hikes versus the degree to which the global and US economies will slow said Masayuki Kichikawa chief macro strategist at Sumitomo Mitsui Asset Management At the close of the game shipping wholesale trade and steel themes were the biggest gainers Exporters gained on the yen s decline as their overseas earnings rise when repatriated at favorable exchange rates and their overall competitiveness improves in global markets investment analysts said Among these chip test equipment maker Advantest rose 1 4 percent while Subaru accelerated 1 8 percent Trading house themes found favor on rising energy and commodity prices with Marubeni ending the day up 2 percent But insurance woes weighed heavily due to disappointing earnings for some companies in the fiscal first half as well as downward revisions to companies earnings prospects dealers said here MS AD Insurance Group Holdings lost 1 5 percent while Sompo Holdings fell 8 0 percent at the close Issues that went up outnumbered those that fell by 1 226 to 534 while 76 ended the day unchanged In the Prime Market on Monday 965 30 million shares changed hands down from Friday s volume of 1 126 25 million shares The turnover for the first trading day of the week came to 2 451 07 billion yen 17 36 billion US dollars Xinhua
    Japan’s Nikkei closes slightly higher as exporters gain, US rate hike concerns
      Japan s benchmark Nikkei stock index closed slightly higher on Monday as exporters gained from the falling yen but weighed on below average earnings from insurance companies and concerns about the future health of the economy American The Nikkei Stock Average of 225 issues rose 45 02 points or 0 16 percent since Friday to close the day at 27 944 79 Meanwhile the broader Topix index added 5 54 points or 0 28 percent to end at 1 972 57 Local traders said the US dollar gained against the Japanese yen on concerns that the US Federal Reserve will continue to aggressively raise interest rates next year in a bid to rein in runaway inflation On Friday a Fed official suggested the central bank might proceed with another 0 75 percentage point hike going forward The resulting rise in the US dollar against the yen on Monday helped buoy some exporters although concerns persist over a US economic slowdown Financial markets are trying to balance the room for further rate hikes versus the degree to which the global and US economies will slow said Masayuki Kichikawa chief macro strategist at Sumitomo Mitsui Asset Management At the close of the game shipping wholesale trade and steel themes were the biggest gainers Exporters gained on the yen s decline as their overseas earnings rise when repatriated at favorable exchange rates and their overall competitiveness improves in global markets investment analysts said Among these chip test equipment maker Advantest rose 1 4 percent while Subaru accelerated 1 8 percent Trading house themes found favor on rising energy and commodity prices with Marubeni ending the day up 2 percent But insurance woes weighed heavily due to disappointing earnings for some companies in the fiscal first half as well as downward revisions to companies earnings prospects dealers said here MS AD Insurance Group Holdings lost 1 5 percent while Sompo Holdings fell 8 0 percent at the close Issues that went up outnumbered those that fell by 1 226 to 534 while 76 ended the day unchanged In the Prime Market on Monday 965 30 million shares changed hands down from Friday s volume of 1 126 25 million shares The turnover for the first trading day of the week came to 2 451 07 billion yen 17 36 billion US dollars Xinhua
    Japan’s Nikkei closes slightly higher as exporters gain, US rate hike concerns
    Foreign6 days ago

    Japan’s Nikkei closes slightly higher as exporters gain, US rate hike concerns

    - Japan's benchmark Nikkei stock index closed slightly higher on Monday as exporters gained from the falling yen, but weighed on below-average earnings from insurance companies and concerns about the future health of the economy. American.

    The Nikkei Stock Average of 225 issues rose 45.02 points, or 0.16 percent, since Friday to close the day at 27,944.79.

    Meanwhile, the broader Topix index added 5.54 points, or 0.28 percent, to end at 1,972.57.

    Local traders said the US dollar gained against the Japanese yen on concerns that the US Federal Reserve will continue to aggressively raise interest rates next year in a bid to rein in runaway inflation.

    On Friday, a Fed official suggested the central bank might proceed with another 0.75 percentage point hike going forward.

    The resulting rise in the US dollar against the yen on Monday helped buoy some exporters, although concerns persist over a US economic slowdown.

    "Financial markets are trying to balance the room for further rate hikes versus the degree to which the global and US economies will slow," said Masayuki Kichikawa, chief macro strategist at Sumitomo Mitsui Asset Management.

    At the close of the game, shipping, wholesale trade and steel themes were the biggest gainers.

    Exporters gained on the yen's decline as their overseas earnings rise when repatriated at favorable exchange rates, and their overall competitiveness improves in global markets, investment analysts said.

    Among these, chip test equipment maker Advantest rose 1.4 percent, while Subaru accelerated 1.8 percent.

    Trading house themes found favor on rising energy and commodity prices, with Marubeni ending the day up 2 percent.

    But insurance woes weighed heavily, due to disappointing earnings for some companies in the fiscal first half, as well as downward revisions to companies' earnings prospects, dealers said here.

    MS&AD Insurance Group Holdings lost 1.5 percent, while Sompo Holdings fell 8.0 percent at the close.

    Issues that went up outnumbered those that fell by 1,226 to 534, while 76 ended the day unchanged.

    In the Prime Market on Monday, 965.30 million shares changed hands, down from Friday's volume of 1,126.25 million shares.

    The turnover for the first trading day of the week came to 2,451.07 billion yen (17.36 billion US dollars). ■



    (Xinhua)

  •   South Korea s foreign currency deposit rose last month as companies funded US dollars in bank accounts amid the dollar s strong trend central bank data showed on Monday The deposit denominated in foreign currency totaled 97 65 billion US dollars at the end of October 8 15 billion dollars more than the previous month according to the Bank of Korea BOK It occurred when local companies deposited the dollar fund in bank accounts amid the rise of the dollar to the national currency The US dollar denominated deposit rose 7 54 billion from the previous month to 84 8 billion at the end of October and the Japanese yen deposit rose 0 43 billion to 5 71 billion The euro deposit fell 030 million to 4 11 billion but the Chinese yuan deposit rose to 1 23 billion Foreign currency deposit held by companies gained 7 82 billion to 83 38 billion last month while deposit held by individuals added 330 million to 14 27 billion Xinhua
    South Korea’s foreign currency deposit rises in October-
      South Korea s foreign currency deposit rose last month as companies funded US dollars in bank accounts amid the dollar s strong trend central bank data showed on Monday The deposit denominated in foreign currency totaled 97 65 billion US dollars at the end of October 8 15 billion dollars more than the previous month according to the Bank of Korea BOK It occurred when local companies deposited the dollar fund in bank accounts amid the rise of the dollar to the national currency The US dollar denominated deposit rose 7 54 billion from the previous month to 84 8 billion at the end of October and the Japanese yen deposit rose 0 43 billion to 5 71 billion The euro deposit fell 030 million to 4 11 billion but the Chinese yuan deposit rose to 1 23 billion Foreign currency deposit held by companies gained 7 82 billion to 83 38 billion last month while deposit held by individuals added 330 million to 14 27 billion Xinhua
    South Korea’s foreign currency deposit rises in October-
    Foreign6 days ago

    South Korea’s foreign currency deposit rises in October-

    - South Korea's foreign currency deposit rose last month as companies funded US dollars in bank accounts amid the dollar's strong trend, central bank data showed on Monday.

    The deposit, denominated in foreign currency, totaled 97.65 billion US dollars at the end of October, 8.15 billion dollars more than the previous month, according to the Bank of Korea (BOK).

    It occurred when local companies deposited the dollar fund in bank accounts amid the rise of the dollar to the national currency.

    The US dollar-denominated deposit rose $7.54 billion from the previous month to $84.8 billion at the end of October, and the Japanese yen deposit rose $0.43 billion to $5.71 billion.

    The euro deposit fell $030 million to $4.11 billion, but the Chinese yuan deposit rose to $1.23 billion.

    Foreign currency deposit, held by companies, gained $7.82 billion to $83.38 billion last month, while deposit held by individuals added $330 million to $14.27 billion. ■



    (Xinhua)

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