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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

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German industry insider: bullish on outlook of Chinese economy

STORY: German industry insider: bullish on outlook of Chinese economy SHOOTING TIME: June 1, 2024 DATELINE: June 2, 2024 LENGTH: 00:01:56 LOCATION: Berlin CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of China's industrial sector 2. SOUNDBITE (English): MICHAEL SCHUMANN, Chairman of BWA STORYLINE: The International Monetary Fund (IMF) has raised its forecast for China's GDP growth in 2024 to 5 percent from the April projection of 4.6 percent. A German industry insider shared his thoughts on the IMF's forecast revision. SOUNDBITE (English): MICHAEL SCHUMANN, Chairman of Federation of the Federal Association for Economic Development and Foreign Trade (BWA) "First, to say this quite clearly, it is a very good news and a very positive news because it will be a stimulus to the world economy if the growth rate in China is positive. We have always been bullish on the outlook of the Chinese economy. Our association BWA, we have been working with China, we have been fostering and supporting Sino-German econom

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XINHUA PHOTOS OF THE DAY

(240322) -- BEIJING, March 22, 2024 (Xinhua) -- An aerial drone photo taken on March 19, 2024 shows part of the greenhouses built in Xingsheng Village of Ning'an City, northeast China's Heilongjiang Province. In recent years, Ning'an City has taken greenhouse vegetable industry as an advantageous and characteristic stimulus to promote the development of high-quality agriculture. At present, there are about 40,000 greenhouses in the city. Every year, 136,000 tons of fruits and vegetables are produced and sold at home and abroad, helping villagers to increase their incomes. (Xinhua/Wang Jianwei)

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Japan PM Kishida over stimulus package

Japanese Prime Minister Fumio Kishida holds a press conference in Tokyo on Nov. 2, 2023, following the government's approval of an over 17 trillion yen ($113 billion) economic package.

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Japan PM Kishida over stimulus package

Japanese Prime Minister Fumio Kishida holds a press conference in Tokyo on Nov. 2, 2023, following the government's approval of an over 17 trillion yen ($113 billion) economic package.

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Japan PM Kishida over stimulus package

Japanese Prime Minister Fumio Kishida holds a press conference in Tokyo on Nov. 2, 2023, following the government's approval of an over 17 trillion yen ($113 billion) economic package.

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Japan PM Kishida over stimulus package

Japanese Prime Minister Fumio Kishida holds a press conference in Tokyo on Nov. 2, 2023, following the government's approval of an over 17 trillion yen ($113 billion) economic package.

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Japan PM Kishida visits supermarket in Tokyo

Japanese Prime Minister Fumio Kishida meets the press after visiting an Ito-Yokado supermarket store in Tokyo's Koto Ward on Oct. 16, 2023, ahead of the government finishing drawing up an economic stimulus package in October. (Pool photo)

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Japan PM Kishida visits supermarket in Tokyo

Japanese Prime Minister Fumio Kishida (front) visits a perishable food section of an Ito-Yokado supermarket store in Tokyo's Koto Ward on Oct. 16, 2023, ahead of the government finishing drawing up an economic stimulus package in October. (Pool photo)

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Japan PM Kishida visits dairy farm in Tochigi

Japanese Prime Minister Fumio Kishida drinks milk during a visit to a dairy farm in Nasukarasuyama, Tochigi Prefecture, eastern Japan, on Oct. 7, 2023. He is visiting the farm to hear opinions from local farmers amid rising feed prices ahead of the release of the government's stimulus package in late October. (Pool photo)

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Japan PM Kishida visits dairy farm in Tochigi

Japanese Prime Minister Fumio Kishida (3rd from R) visits a dairy farm in Nasukarasuyama, Tochigi Prefecture, eastern Japan, on Oct. 7, 2023, to hear opinions from local farmers amid rising feed prices ahead of the release of the government's stimulus package in late October. (Pool photo)

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Japan PM Kishida visits dairy farm in Tochigi

Japanese Prime Minister Fumio Kishida (far R) visits a dairy farm in Nasukarasuyama, Tochigi Prefecture, eastern Japan, on Oct. 7, 2023, to hear opinions from local farmers amid rising feed prices ahead of the release of the government's stimulus package in late October. (Pool photo)

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Japan PM Kishida visits dairy farm in Tochigi

Japanese Prime Minister Fumio Kishida (front, R) visits a dairy farm in Nasukarasuyama, Tochigi Prefecture, eastern Japan, on Oct. 7, 2023, to hear opinions from local farmers amid rising feed prices ahead of the release of the government's stimulus package in late October. (Pool photo)

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Japan PM visits small rubber product maker in Tokyo

Japanese Prime Minister Fumio Kishida (C) meets the press after inspecting a small rubber product manufacturer in Tokyo's Sumida Ward on Oct. 5, 2023. The government plans to compile an economic stimulus package in October that will include ways to spur investment in small companies and alleviate their manpower shortage.

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Japan PM visits small rubber product maker in Tokyo

Japanese Prime Minister Fumio Kishida (2nd from L) visits a small rubber product manufacturer in Tokyo's Sumida Ward on Oct. 5, 2023. The government plans to compile an economic stimulus package in October that will include ways to spur investment in small companies and alleviate their manpower shortage.

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Japan PM visits small rubber product maker in Tokyo

Japanese Prime Minister Fumio Kishida (far R) visits a small rubber product manufacturer in Tokyo's Sumida Ward on Oct. 5, 2023. The government plans to compile an economic stimulus package in October that will include ways to spur investment in small companies and alleviate their manpower shortage.

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Japan PM visits small rubber product maker in Tokyo

Japanese Prime Minister Fumio Kishida visits a small rubber product manufacturer in Tokyo's Sumida Ward on Oct. 5, 2023. The government plans to compile an economic stimulus package in October that will include ways to spur investment in small companies and alleviate their manpower shortage.

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Japan PM visits small rubber product maker in Tokyo

Japanese Prime Minister Fumio Kishida (front, R) visits a small rubber product manufacturer in Tokyo's Sumida Ward on Oct. 5, 2023. The government plans to compile an economic stimulus package in October that will include ways to spur investment in small companies and alleviate their manpower shortage.

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New Thai PM proposes digital money handout, energy price cuts in policy statement

STORY: New Thai PM proposes digital money handout, energy price cuts in policy statement DATELINE: Sept. 12, 2023 LENGTH: 00:01:25 LOCATION: Bangkok CATEGORY: ECONOMY SHOTLIST: 1. various of Thailand's parliament STORYLINE: Thailand's new Prime Minister Srettha Thavisin delivered his government policy statement to parliament on Monday, highlighting immediate measures to drive economy with a digital money handout and energy price cuts. The country's key drivers of growth, including tourism and spending, are experiencing a sluggish recovery, leading to the risk of an economic recession, Srettha told a joint sitting of the National Assembly, adding that stimulus measures are necessary to reinvigorate the economy. "The 10,000-baht (around 280 U.S. dollars) digital money distribution to all areas down to the grassroots level will kick-start the economy, creating jobs and economic activities, while the government will earn revenue," he said. This policy will lay a digital economic foundation for the Southeast

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Malaysian Central Bank raises OPR to 3 pct

STORY: Malaysian Central Bank raises OPR to 3 pct DATELINE: May 4, 2023 LENGTH: 00:01:56 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of the Malaysian Central Bank 2. various of Malaysia's national flag and Kuala Lumpur city traffic 3. various of Kuala Lumpur street views STORYLINE: Malaysian Central Bank on Wednesday decided to increase the Overnight Policy Rate (OPR) by 25 basis points to three percent. The ceiling and floor rates of the corridor of the OPR are correspondingly increased to 3.25 percent and 2.75 percent, respectively, Bank Negara Malaysia (BNM) said in a statement. With the domestic growth prospects remaining resilient, the Monetary Policy Committee (MPC) of the BNM judged that it was time to further normalize the degree of monetary accommodation. With this decision, the MPC has withdrawn the monetary stimulus intended to address the COVID-19 crisis in promoting economic recovery. In light of the continued strength of the Malaysian economy, the MPC also re

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Chinese economy expected to deliver solid rebound in 2023: U.S. economist

STORY: Chinese economy expected to deliver solid rebound in 2023: U.S. economist DATELINE: Dec. 24, 2022 LENGTH: 00:02:05 LOCATION: NEW YORK, U.S. CATEGORY: ECONOMY SHOTLIST: 1. various of street scenes in China 2. SOUNDBITE 1 (English): ALBERT KEIDEL, Adjunct professor of economics, George Washington University 3. SOUNDBITE 2 (English): ALBERT KEIDEL, Adjunct professor of economics, George Washington University 4. SOUNDBITE 3 (English): ALBERT KEIDEL, Adjunct professor of economics, George Washington University 5. SOUNDBITE 4 (English): ALBERT KEIDEL, Adjunct professor of economics, George Washington University STORYLINE: A senior U.S. economist has said the Chinese economy is poised to deliver a solid rebound next year, bolstered by its underlying strength and policy stimulus. Albert Keidel, a development economist specializing in East Asia, said China's economy has maintained resilience amid challenges from COVID incursions and a complex international environment. SOUNDBITE 1 (English): ALBERT KEIDE

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Haruko Obokata

KOBE, Japan - Haruko Obokata, a scientist at Riken's Center for Developmental Biology in Kobe, speaks at a press conference in Kobe, Hyogo Prefecture, on Jan. 28, 2014, on "stimulus-triggered acquisition of pluripotency," or STAP, a method of generating pluripotent cells. A team of scientists led by Obokata has discovered, in research conducted by scientists at the state-backed Riken institute and Harvard University, that by simply exposing body cells to acidic liquids, the cells can be reprogrammed to grow into any type of mature tissue.

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Haruko Obokata

KOBE, Japan - Haruko Obokata, a scientist at Riken's Center for Developmental Biology in Kobe, speaks on "stimulus-triggered acquisition of pluripotency," or STAP, a method of generating pluripotent cells, in Kobe, Hyogo Prefecture, on Jan. 28, 2014. A team of scientists led by Obokata has discovered, in research conducted by scientists at the state-backed Riken institute and Harvard University, that by simply exposing body cells to acidic liquids, cells can be reprogrammed to grow into any type of mature tissue.

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New method for reprogramming body cells

TOKYO, Japan - Photo shows Haruko Obokata, a scientist at Riken's Center for Developmental Biology in Kobe. A team of scientists led by Obokata has discovered, in research conducted by scientists at the state-backed Riken institute and Harvard University, that by simply exposing body cells to acidic liquids, the cells can be reprogrammed to grow into any type of mature tissue. They named the method of generating pluripotent cells, or cells that can grow into any type of mature tissues in the body, "stimulus-triggered acquisition of pluripotency," or STAP. The discovery was announced in the Jan. 30, 2014 issue of Nature.

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New method for reprogramming body cells

KOBE, Japan - Photo shows Haruko Obokata, a scientist at Riken Center for Developmental Biology, at its laboratory in Kobe, Hyogo Prefecture, on Jan. 28, 2014. A team of scientists led by Obokata has discovered, in research conducted by scientists at the state-backed Riken institute and Harvard University, that by simply exposing body cells to acidic liquids, the cells can be reprogrammed to grow into any type of mature tissue. They named the method of generating pluripotent cells, or cells that can grow into any type of mature tissues in the body, "stimulus-triggered acquisition of pluripotency," or STAP. The discovery was announced in the Jan. 30, 2014 issue of Nature.

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Cabinet OKs 3.12 tril. yen extra budget for stimulus steps

TOKYO, Japan - Japanese Prime Minister Shinzo Abe (2nd from R) and his ministers attend an extraordinary Cabinet meeting on Jan. 9, 2015, in Tokyo to endorse a 3.12 trillion yen supplementary budget for fiscal 2014 to fund an economic stimulus package aimed at bolstering domestic demand curtailed by the April 1 consumption tax hike and weaker yen.

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Cabinet OKs stimulus package to rev up regional economies

TOKYO, Japan - Japan's Prime Minister Shinzo Abe (C) addresses a government panel meeting on Dec. 27, 2014, in Tokyo. His Cabinet endorsed a 3.5 trillion yen emergency economic stimulus package intended to rev up regional economies beset by higher prices following the April 1 consumption tax hike and the yen's plunge.

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Japanese team replicates movement in small muscle grown from rat cells

TOKYO, Japan - University of Tokyo Professor Shoji Takeuchi holds a bottle containing an artificial joint at the university's Institute of Industrial Science in Tokyo's Meguro Ward on Oct. 24, 2014. A team led by Takeuchi has succeeded in replicating contraction and stretching in a small muscle grown from rat cells. The team attached two artificial muscle tissues to either side of a 2-centimeter-long artificial joint and was able to contract and stretch them smoothly by applying an electric stimulus.

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Riken research center chief on STAP cell scandal

KOBE, Japan - Masatoshi Takeichi, director of the Riken Center for Developmental Biology, speaks about the scandal over the stimulus-triggered acquisition of pluripotency (STAP) cells research in Kobe, western Japan, on June 26, 2014.

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Obokata rejects most recent doubt

OSAKA, Japan - Hideo Miki, lawyer for Haruko Obokata, a researcher with the government-funded Riken institute, meets reporters in Osaka on June 18, 2014. Miki said Obokata, the lead author of two controversial papers on STAP cells, or stimulus-triggered acquisition of pluripotency cells, is eager to prove on her own that her findings are valid, refuting her research collaborator's recent unsupportive remarks.

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Obokata rejects most recent doubt

OSAKA, Japan - Hideo Miki, lawyer for Haruko Obokata, a researcher with the government-funded Riken institute, meets reporters in Osaka on June 18, 2014. Miki said Obokata, the lead author of two controversial papers on STAP cells, or stimulus-triggered acquisition of pluripotency cells, is eager to prove on her own that her findings are valid, refuting her research collaborator's recent unsupportive remarks.

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Obokata issues statement

TOKYO, Japan - Photo shows Haruko Obokata, a researcher with the government-funded Riken institute, during a press conference in Osaka on April 9, 2014. Obokata, at the center of a controversy involving STAP cells, or stimulus-triggered acquisition of pluripotency cells, issued a statement through her lawyer on April 14, saying she "produced STAP cells almost every day and often a few times in one day."

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Obokata issues statement

OSAKA, Japan - Hideo Miki, lawyer for Haruko Obokata, a researcher with the government-funded Riken institute, speaks with reporters in Osaka on April 14, 2014. Obokata, at the center of a controversy involving STAP cells, or stimulus-triggered acquisition of pluripotency cells, issued a statement through Miki the same day, saying she "produced STAP cells almost every day and often a few times in one day."

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Riken admits malpractice in STAP papers

TOKYO, Japan - File photo shows Haruko Obokata of the government-affiliated Riken institute holding a press conference in Kobe on Jan. 28, 2014, on stimulus-triggered acquisition of pluripotency, or STAP, cells.

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CORRECTED Allegations over stem cell papers

TOKYO, Japan - CORRECTING NAME OF INSTITUTE LED BY NOYORI Ryoji Noyori (2nd from R), president of the government-affiliated Riken institute, speaks at a news conference in Tokyo on March 14, 2014, to provide an interim report on the institute's investigation into allegations concerning two recent papers on potentially groundbreaking stem cell research. Haruko Obokata of the institute and other researchers said in the papers they have found a simple way to produce STAP cells, which are named for stimulus-triggered acquisition of pluripotency.

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STAP cell paper

KOBE, Japan - Photo shows the Center for Developmental Biology of the state-affiliated Riken institute in Kobe, western Japan, on March 11, 2014. The Japanese government said the same day it has urged Riken to thoroughly investigate a research paper on "stimulus-triggered acquisition of pluripotency," or STAP.

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STAP cell paper

TOKYO, Japan - Satoru Kagaya, spokesman for the state-affiliated Riken institute, holds a press conference in Tokyo on March 11, 2014. The Japanese government said the same day it has urged Riken to thoroughly investigate a research paper on "stimulus-triggered acquisition of pluripotency," or STAP.

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STAP cell paper

TOKYO, Japan - Satoru Kagaya, spokesman for the state-affiliated Riken institute, apologizes during a press conference in Tokyo on March 11, 2014. The Japanese government said the same day it has urged Riken to thoroughly investigate a research paper on "stimulus-triggered acquisition of pluripotency," or STAP.

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STAP cell research paper questioned

TOKYO, Japan - File photo taken in January 2014 in Kobe, Hyogo Prefecture, shows Haruko Obokata (L), a scientist at the Riken Center for Developmental Biology, and University of Yamanashi professor Teruhiko Wakayama, at a press conference on "stimulus-triggered acquisition of pluripotency," or STAP, a method of generating pluripotent cells. Wakayama said March 10, 2014, he has told his co-authors including Obokata that their research paper on STAP cells should be retracted, citing the lack of credibility of some data used in the research.

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Stem cell research paper questioned

KOFU, Japan - University of Yamanashi professor Teruhiko Wakayama meets reporters in Kofu, Yamanashi Prefecture, on March 10, 2014. Wakayama has told his co-authors that their research paper on what appeared to be a groundbreaking method for producing stem cells should be retracted and resubmitted. Questions have been raised about irregular images contained in the paper, written by a group led by Haruko Obotaka at the Center for Developmental Biology of the government-affiliated Riken institute, on a method it named "stimulus-triggered acquisition of pluripotency" or STAP.

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Japan scientist proposes to retract stem cell research paper

KOFU, Japan - Teruhiko Wakayama, a professor at the University of Yamanashi and one of the co-authors of a research paper on what appeared to be a groundbreaking method of producing stem cells, explains his proposal to retract the paper in Kofu, Yamanashi Prefecture, central Japan, on March 10, 2014. Questions have been raised about irregular images contained in the paper, written by a group led by Haruko Obotaka at the Center for Developmental Biology of the government-run Riken institute, on a method it named "stimulus-triggered acquisition of pluripotency" or STAP.

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China macro economy minister meets press

BEIJNG, Japan - Xu Shaoshi, chairman of China's National Development and Reform Commission, speaks at a press conference in Beijing on March 5, 2014, on the sidelines of an annual National People's Congress session. He was cautious about adopting stimulus measures.

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Yamanaka on STAP cells

KYOTO, Japan - Nobel Prize-winning Japanese scientist Shinya Yamanaka speaks during a press conference in Kyoto, western Japan, on Feb. 10, 2014. Yamanaka spoke about the recent announcement by a group of scientists regarding stimulus-triggered acquisition of pluripotency, or STAP, cells.

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Yamanaka on STAP cells

KYOTO, Japan - Nobel Prize-winning Japanese scientist Shinya Yamanaka speaks during a press conference in Kyoto, western Japan, on Feb. 10, 2014. Yamanaka spoke about the recent announcement by a group of scientists regarding stimulus-triggered acquisition of pluripotency, or STAP, cells.

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Yamanaka on STAP cells

KYOTO, Japan - Nobel Prize-winning Japanese scientist Shinya Yamanaka speaks during a press conference in Kyoto, western Japan, on Feb. 10, 2014. Yamanaka spoke about the recent announcement by a group of scientists regarding stimulus-triggered acquisition of pluripotency, or STAP, cells.

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Diet enacts extra budget

TOKYO, Japan - Prime Minister Shinzo Abe (R front) and Finance Minister Taro Aso (L front) bow in appreciation after a 5.47 trillion yen extra budget for the fiscal year through March 2014 is approved by the House of Councillors with a majority vote on Feb. 6, 2014. The extra budget will fund a stimulus package designed to prevent a sales tax hike in April from significantly dragging down the nation's economic recovery.

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New method for reprogramming body cells

KOBE, Japan - Photo shows Haruko Obokata, a scientist at Riken Center for Developmental Biology in Kobe, wearing an apron given to her by her grandmother at its laboratory in Kobe, Hyogo Prefecture, on Jan. 28, 2014. A team of scientists led by Obokata has discovered, in research conducted by scientists at the state-backed Riken institute and Harvard University, that by simply exposing body cells to acidic liquids, the cells can be reprogrammed to grow into any type of mature tissue. They named the method of generating pluripotent cells, or cells that can grow into any type of mature tissues in the body, "stimulus-triggered acquisition of pluripotency," or STAP. The discovery was announced in the Jan. 30, 2014 issue of Nature.

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New method for reprogramming body cells

KOBE, Japan - Haruko Obokata, a scientist at Riken's Center for Developmental Biology in Kobe, answers a question at a press conference in Kobe, Hyogo Prefecture, on Jan. 28, 2014, on "stimulus-triggered acquisition of pluripotency," or STAP, a method of generating pluripotent cells. A team of scientists led by Obokata has discovered, in research conducted by scientists at the state-backed Riken institute and Harvard University, that by simply exposing body cells to acidic liquids, the cells can be reprogrammed to grow into any type of mature tissue.

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New method for reprogramming body cells

KOBE, Japan - Haruko Obokata, a scientist at Riken's Center for Developmental Biology in Kobe, speaks on "stimulus-triggered acquisition of pluripotency," or STAP, a method of generating pluripotent cells, in Kobe, Hyogo Prefecture, on Jan. 28, 2014. A team of scientists led by Obokata has discovered, in research conducted by scientists at the state-backed Riken institute and Harvard University, that by simply exposing body cells to acidic liquids, cells can be reprogrammed to grow into any type of mature tissue.

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Ex-PM Noda in Washington

WASHINGTON, United States - Japanese opposition lawmaker and former Prime Minister Yoshihiko Noda delivers a speech in Washington on Oct. 1, 2013. Noda criticized current leader Shinzo Abe's latest economic stimulus program as "pork-barrel" money being spent before the planned sales tax hike.