Category: foreign

BOJ and Government Closely Coordinating on Foreign Exchange, Kuroda Says After Meeting PM

TOKYO—Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank hoped to respond appropriately on currency markets in close coordination with the government, issuing a fresh warning against recent sharp yen falls. “I told the prime minister that recent rapid yen moves were undesirable,” Kuroda told reporters after a meeting with Prime Minister…


Moscow Says All Foreign Leased Aircraft Will Remain in Russia

All foreign leased aircraft still in Russia after the termination of Western leasing contracts will remain in Russia, Deputy Prime Minister Yuri Borisov said on Thursday. Sanctions imposed by Western powers in response to Russia’s military campaign in Ukraine forced Western firms to terminate leasing contracts with Russian airlines for over 500 aircraft. Russia has…


Moscow Says Firms’ Foreign-Listed Depositary Receipts Will Be Forced to Return to Russia

Russian companies whose depositary receipts are traded abroad will be obliged to return to Russia, unless other solutions arise, Economy Minister Maxim Reshetnikov said on Friday. Several major Russian companies have listings abroad, which has always been a matter of prestige for them. But since Russia began what it calls a “special military operation” in…


Russia Says It May Have to Service Foreign Exchange Debt in Roubles Due to Sanctions

Russia’s finance ministry is preparing to service some of its foreign currency debt on Wednesday, but such payments will be made in roubles if sanctions prevent banks from honoring debts in the currency of issue, the ministry said on Monday. “Is that a default? … From Russia’s point of view, we are fulfilling our obligations,”…


Weaker Foreign Demand Sinks German Industrial Orders in October

BERLIN—Weaker demand from abroad drove a much bigger than expected drop in German industrial orders, including cars, in October, data showed on Monday, further clouding the growth outlook for manufacturers in Europe’s largest economy. A pandemic-related scarcity of microchips and other electronic components has caused massive supply bottlenecks and production problems in Germany’s mighty automobile…


Asian Bonds Receive Lowest Foreign Flows This Year in October

Asian bonds received lowest foreign inflow this year in October, hit by concerns over higher inflation levels and a slowdown in China’s economy. Overseas investors purchased a combined net total of $2.25 billion in Indonesian, Malaysian, South Korean, Thai, and Indian bonds last month, the smallest buying since December 2020, data from regulatory authorities and…


Japan PM Says He May Act as Foreign Minister Until New Cabinet Is Formed

TOKYO—Japanese Prime Minister Fumio Kishida said on Thursday he may take on the role of foreign minister until a new cabinet is formed this month, as the incumbent foreign minister took over a key ruling party post. The ruling Liberal Democratic Party (LDP) officially confirmed on Thursday Foreign Minister Toshimitsu Motegi as the party’s secretary-general,…


UK Shifts Towards Pacific in Foreign Policy Reset

The UK is shifting its geopolitical weight towards the Indo-Pacific to take on China’s dominance, as part of the largest reset of foreign policy and defence since the Cold War. Prime Minister Boris Johnson today announced the publication of the long-awaited Integrated Review of security, defence, development, and foreign policy. The blueprint emphasises traditional allies, such…