Miyazawa speaks on stock market plunges

Miyazawa speaks on stock market plunges

Japanese Finance Minister Kiichi Miyazawa speaks to reporters on the latest stock price plunges on the New York and Tokyo stock exchanges. ''I presume the immediate cause of the plunge (in New York) was growing uncertainty over the future of Russia,'' Miyazawa said. ==Kyodo

  • Product Code
  • ILEA000000601
  • Registered date
  • 1998/9/01 00:00:00
  • Credit
  • kyodo / Kyodo News Images
  • Media source
  • Media size
  • 1195 × 1639 pixel
  • Resolution
  • 0 dpi
  • Deployment size
  • 207.01(KB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos
    JAPAN-TOKYO-STOCKS-REBOUND

    JAPAN-TOKYO-STOCKS-REBOUND

    (240806) -- TOKYO, Aug. 6, 2024 Photo by Xinhua/ABACAPRESS.COM) -- A pedestrian passes a screen showing stock market information in Tokyo, Japan, Aug. 6, 2024. Tokyo stocks saw sharp rebounds on Tuesday, with the benchmark Nikkei stock index closing with its largest single-day rise in history, after a record drop of 4,451 points the previous day. Photo by Xinhua/ABACAPRESS.COM/Yue Chenxing)
      SOUTH KOREA-SEOUL-STOCKS-PLUNGE

      SOUTH KOREA-SEOUL-STOCKS-PLUNGE

      (240805) -- SEOUL, Aug. 5, 2024 Photo by Xinhua/ABACAPRESS.COM) -- Staff members work in front of the stock index information screen of Hana Bank in Seoul, South Korea, Aug. 5, 2024. South Korean stocks closed 8.8 percent lower on Monday as investors panicked on rising fears of the U.S. economic recession. The benchmark Korea Composite Stock Price Index (KOSPI) dived 234.64 points, or 8.77 percent, to close at 2,441.55 and the small-cap KOSDAQ index tumbled 88.05 points, or 11.30 percent, to finish at 691.28. Photo by Xinhua/ABACAPRESS.COM/Yao Qilin)
        XINHUA PHOTOS OF THE DAY

        XINHUA PHOTOS OF THE DAY

        (240806) -- BEIJING, Aug. 6, 2024 Photo by Xinhua/ABACAPRESS.COM) -- Pedestrians pass a screen showing real-time stock market information in Tokyo, Japan, Aug. 5, 2024. Tokyo stocks closed sharply lower on Monday, with the benchmark Nikkei stock index sinking more than 12 percent, the worst intraday losses in history. The 225-issue Nikkei Stock Average plunged to its lowest level this year by ending the day at 31,458.42, down 4,451.28 points, or 12.40 percent from Friday, refreshing its record intraday drop which was previously seen at 3,836 points in the "Black Monday" crash in 1987. The broader TOPIX index, meanwhile, also ended significantly lower by finishing 310.45 points, or 12.23 percent, lower at 2,227.15. Photo by Xinhua/ABACAPRESS.COM/Yue Chenxing)
          Xinhua Headlines: Concerns grow as "Black Monday" hits global stock markets

          Xinhua Headlines: Concerns grow as "Black Monday" hits global stock markets

          (240806) -- BEIJING, Aug. 6, 2024 Photo by Xinhua/ABACAPRESS.COM) -- A pedestrian passes a screen showing real-time stock market information in Tokyo, Japan, Aug. 5, 2024. Photo by Xinhua/ABACAPRESS.COM/Yue Chenxing)
            SOUTH KOREA-SEOUL-STOCKS-PLUNGE

            SOUTH KOREA-SEOUL-STOCKS-PLUNGE

            (240805) -- SEOUL, Aug. 5, 2024 Photo by Xinhua/ABACAPRESS.COM) -- Staff members work in front of the stock index information screen of Hana Bank in Seoul, South Korea, Aug. 5, 2024. South Korean stocks closed 8.8 percent lower on Monday as investors panicked on rising fears of the U.S. economic recession. The benchmark Korea Composite Stock Price Index (KOSPI) dived 234.64 points, or 8.77 percent, to close at 2,441.55 and the small-cap KOSDAQ index tumbled 88.05 points, or 11.30 percent, to finish at 691.28. Photo by Xinhua/ABACAPRESS.COM/Yao Qilin)

              Japan to respond appropriately, any time to excessive yen moves: currency official

              STORY: Japan to respond appropriately, any time to excessive yen moves: currency official SHOOTING TIME: June 20, 2024/Earlier footage DATELINE: June 25, 2024 LENGTH: 00:02:39 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of Bank of Japan 2. various of banks in Japan 3. various of Tokyo Stock Exchange 4. various of Nikkei stock index STORYLINE: Japan stands ready to take appropriate steps against volatile currency moves at "any time," the country's top currency diplomat said Monday, as the yen neared the 160 line against the U.S. dollar, a level that previously prompted authorities to intervene in the market. Masato Kanda, vice finance minister for international affairs, warned that excessive yen fluctuations negatively affect the economy. "We are ready to take appropriate action at any time," he told reporters. The yen's weakness persists after the Bank of Japan's decision this month to hold off reducing bond-buying stimulus until its July meeting. The yen weakened to 159.94 per U.S. doll

                9 dead, 46 injured in fire, explosions at Chad munitions depot

                STORY: 9 dead, 46 injured in fire, explosions at Chad munitions depot SHOOTING TIME: June 18, 2024 DATELINE: June 20, 2024 LENGTH: 00:01:15 LOCATION: N'Djamena CATEGORY: SOCIETY SHOTLIST: 1. various of the explosions STORYLINE: At least nine people have been killed and 46 others injured following a fire that triggered explosions at an ammunitions depot in the Chadian capital of N'Djamena, Abdelmadjid Abderrahim, the country's health minister, said on Wednesday. The cause of the fire and explosions, which occurred late Tuesday, is not yet known, Abderrahim told a press conference, which was also attended by five other ministers. Local media reported that civilians, including children, were among the victims. Earlier Wednesday, Chadian President Mahamat Idriss Deby Itno visited those injured and the disaster site, located at the city's Goudji neighborhood. "The situation is under control. The state will take care of those that were injured," Deby told reporters after the visit. "This se

                  Drought in Morocco drives up sheep prices for Eid al-Adha

                  STORY: Drought in Morocco drives up sheep prices for Eid al-Adha SHOOTING TIME: June 15, 2024 DATELINE: June 17, 2024 LENGTH: 00:04:07 LOCATION: Rabat CATEGORY: SOCIETY SHOTLIST: 1. various of a market for the Eid Al-Adha 2. SOUNDBITE (Arabic): MBAREK, Sheep breeder from Marrakech region, Morocco STORYLINE: Like Muslims around the world, Moroccans traditionally sacrifice a sheep as part of the celebrations of Eid al-Adha. However, the price of sheep in Morocco has soared in recent years due to drought, which makes the purchase of sheep out of reach for many Moroccan families. SOUNDBITE (Arabic): MBAREK, Sheep breeder in Marrakech region, Morocco "Prices are a bit high this year because of the drought. Morocco has lacked rain since 2019 and we hope the future will be better because the situation of farmers is currently difficult. There's also transport and fuel prices, and we know people find sheep expensive this year, but everything comes from the lack of rain this year." To cope with the rising prices

                    U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct as inflation cools

                    STORY: U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct as inflation cools SHOOTING TIME: June 12, 2024 DATELINE: June 13, 2024 LENGTH: 00:01:26 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference STORYLINE: The U.S. Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25 percent to 5.5 percent as the latest consumer price data shows that inflation seems to be cooling. In a statement after the two-day policy meeting, the Federal Open Market Committee (FOMC), the Fed's policy-setting body, reiterated that the committee does not expect it will be appropriate to reduce the target range "until it has gained greater confidence that inflation is moving sustainably toward 2 percent." In addition, the committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, the FOMC said. The Fed's announcement came just a few hours after the U.S. Labor Department reported that the

                      Tokyo stocks close mixed on rising interest rates, positive U.S. futures

                      STORY: Tokyo stocks close mixed on rising interest rates, positive U.S. futures SHOOTING TIME: May 28, 2024 DATELINE: May 29, 2024 LENGTH: 00:01:51 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street view in Tokyo 2. various of Tokyo Stock Exchange 3. various of securities company STORYLINE: Tokyo stocks closed mixed on Tuesday amid concerns over rising long-term interest rates in Japan, while the market's downside was buoyed by positive U.S. stock futures. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 44.65 points, or 0.11 percent, from Monday at 38,855.37. The broader Topix index, meanwhile, finished 2.14 points, or 0.08 percent, higher at 2,768.50. Market watchers here noted the yield on the benchmark 10-year Japanese government bond briefly rose 0.015 percentage point from Monday's close to 1.035 percent, its highest level since April 2012, amid speculation that the Bank of Japan is shifting away from monetary easing measures. The Nikk