Japanese authorities appear ready to respond to speculative currency moves – days after Tokyo spent an estimated $25 billion to defend the yen in the foreign exchange market.
Mazda said in March exports of parts to the Vladivostok plant were going to end and production would cease when stocks ran out. But it has yet to say what it will do now.
The St Petersburg factory has a capacity of 100,000 units a year and produced Toyota's Camry and RAV4 models
Currency traders said the currency swap deal with the National Pension Service would remove a big source of dollar demand and could help bolster the weakening currency
The intervention came after the Bank of Japan stuck with its ultra-low rate policy, which prompted a drop in the yen past 145 per dollar to a 24-year low.
A feeble yen is less of a benefit for Japan’s manufacturers than it used to be as companies have moved production and supply chains overseas
If an earthquakes strikes the cockroaches could be sent beneath the rubble to locate survivors, steered from above by a Bluetooth connection
Bearish bets on most Asian currencies rose to record highs, driven by a towering dollar and mounting pressure on the Chinese yuan, which has slipped to a 27-month low
SoftBank CEO Masayoshi Son plans to visit Seoul to discuss a plan for Arm, amid speculation over an industry consortium to invest in the chip designer to ensure its neutrality.
The island's highly valuable chip factories were spared thanks to quakes occurring in areas away from chip foundries, plus modern design safety features, according to TrendForce
Yoon will meet Biden in New York, where they are expected to discuss North Korea and concerns in Seoul over the climate bill cutting tax credits for electric vehicles made outside the US
Core consumer inflation hit 2.8% in August, its fastest since late 2014, which was well over the central bank's target. Price pressure is seen as lasting longer than the BoJ expected