Tag: minister says
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Japan will continue close dialogue with markets, finance minister says on rising yields
ASHEVILLE, North Carolina, Sept 1 : Japanese Finance Minister Satsuki Katayama said on Tuesday the government will continue close dialogue with markets, when asked by reporters about the rise in the benchmark 10-year Japanese government bond yield above the key 3 per cent mark overnight.”Japan will continue e
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French government to hire French AI providers such as Mistral, Minister says
PARIS, Aug 18 : French Budget Minister David Amiel said on Tuesday his government will hire “sovereign” artificial intelligence providers, such as Mistral.”This excludes OpenAI,” he said.Amiel had said earlier on Tuesday that the government would use AI tools to identify its services’ vulnerabilities t
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Thailand to cut excise tax for car production, minister says
BANGKOK, Aug 7 : Thailand plans to cut excise tax rates for automakers that establish production facilities in the country to encourage greater use of locally sourced parts and raw materials, the finance minister said on Friday.• The ministry expects to submit the proposal to the cabinet by September, Ekni
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UK finance minister says FIFA’s World Cup sale plan is collapsing
LONDON, July 31 : British finance minister John Healey said on Friday he was proud that English and European soccer authorities had galvanised the opposition to FIFA’s plans to sell a stake in the World Cup, a proposal that he said now appeared to be collapsing.”I think FIFA’s plans are falling apart, and I’m
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UK to issue first ‘digital’ bond by early 2027, finance minister says
LONDON, July 14 : Britain aims to become the first major advanced economy to issue a digital sovereign bond by doing so by early next year, finance minister Rachel Reeves said in a speech on Tuesday.• Britain’s “Digital Gilt Instrument” pilot was announced in 2024 and tests how distributed-ledger technology
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Japan will explore ways to encourage GPIF to boost domestic investment, minister says
(Corrects date to Friday, not Thursday, in first paragraph)By Makiko Yamazaki and Leika KiharaTOKYO, July 10 : Japanese Finance Minister Satsuki Katayama said on Friday the government wants to explore ways to encourage pension funds, including the Government Pension Investment Fund (GPIF), to increase
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Japan will not convey in advance preference on BOJ policy, minister says
TOKYO, July 10 : Japan’s government would never convey in advance its preference on how the central bank should set interest rates, Economy Minister Minoru Kiuchi said on Friday, brushing aside market concern over political interference in monetary policy.Concerns that dovish premier Sanae Takaich’s administr
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Japan finance minister says ready to respond on yen, in contact with US authorities
TOKYO, July 3 : Japanese Finance Minister Satsuki Katayama said on Friday the government will respond appropriately on currency movements, reiterating her warnings as traders braced for possible intervention from the Japanese authorities.”Our stance has not changed. We will respond appropriately at any time a
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Japan ready to respond to yen moves at any time, finance minister says
TOKYO, June 30 : Japanese Finance Minister Satsuki Katayama said on Tuesday authorities stood ready to respond appropriately against currency moves at any time, in the wake of the yen’s slide to a four-decade low.”This includes taking decisive action, as confirmed between Japan and the U.S.,” Katayama told a
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South Korea’s finance minister says current FX level ‘excessive’
SEOUL, June 23 : South Korea’s Finance Minister Koo Yun-cheol said at a cabinet meeting on Tuesday that the current foreign exchange level at around mid-1,500 won per U.S. dollar is “excessive” compared to the country’s fundamentals. Asked by South Korean President Lee Jae Myung about why the won is so weak d
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