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1.18470
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Gold
4880.37
0.049%
Oil
62.119
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USD/JPY
153.215
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GBP/USD
1.35620
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GBP/JPY
207.796
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Real-time News
February 18th - Japans exports saw their fastest growth in over three years, primarily driven by significant increases in chip exports to Asia and automobile exports to the European Union. The Ministry of Finance reported on Wednesday that total exports in January rose 16.8% year-on-year, the largest increase since November 2022, exceeding the median analyst forecast of 13%. Overall shipments of semiconductors and other electronic components grew by nearly 40%, with exports to China surging 51.7%. Regionally, exports to China increased by 32%, exports to the EU by 29.6%, while exports to the US declined by 5%. The data for China was affected by the Lunar New Year holiday, which fell in January last year. Automobile exports to the US decreased by 9.9% in value, while the number of automobiles exported decreased only slightly by 0.8% year-on-year. This disparity indicates that Japanese automakers continue to sacrifice profits by lowering prices to maintain market share in the US. This strategy leads to narrowing profit margins and may limit companies ability to raise wages domestically, posing a related risk.NVIDIA: Tech Mahindra is deploying a large telecom model to support autonomous network operations with the help of NVIDIA’s Network Infrastructure Manager (NIM).Nvidia: Partnering with next-generation cloud providers YOTTA, L&T, and E2E Networks.Nvidia: Partners with venture capital firms including Peak XV, Elevation Capital, and Accel India to identify and fund artificial intelligence startups.Head of the IMF delegation to Japan: In our forecast, we assume that the Bank of Japan will raise interest rates twice this year and once more in 2027.
