G7 fires warning shot over currencies, markets confused
Reuters -- Feb 13
The Group of Seven rich nations sought on Tuesday to cool growing tension over exchange rates sparked by weakness in the Japanese yen, but currency markets found the effort lacking in clarity, triggering a second straight day of volatility.
The G7 declared that fiscal and monetary policies would not be directed at devaluing currencies, a statement meant to soothe nerves that Tokyo was aiming to guide the yen lower with its aggressive expansion of monetary policy.
Japan said the statement gave it a green light to continue efforts to reflate its economy but a G7 official said it was aimed squarely at Tokyo, prompting the yen to surge.
Shanghai's maritime court has seized a ship owned by Mitsui O.S.K. Lines Ltd. <9104> in connection with a wartime contract dispute involving the Japanese shipping company, according to an announcement by the court. (Jiji Press )
Japan and the United States have agreed in bilateral talks held in connection with the Trans-Pacific Partnership accord negotiations that the tariff on imported U.S. beef will be "9 percent or more," according to government sources. (The Japan News )
Police in Fuso, Aichi Prefecture, said Sunday they have arrested an unemployed 38-year-old man for attempted murder after he broke into the home of his ex-girlfriend and stabbed her and her parents. (Japan Today )
Feeding black-tailed gulls has been a popular activity on the sightseeing boats that cruise around the Matsushima islets, considered to be one of the three most beautiful spots in Japan, but local authorities banned the practice this month in a bid to protect the islets' famous pine trees from withering as a result of nitrogen in the droppings of the gulls, who have bred in large numbers in the area. (The Japan News )
Kanagawa prefectural police said Friday they have arrested an unemployed 42-year-old man on assault charges for allegedly attacked a 10-year-old elementary school boy and two others as they were playing in Yokosuka City in February of this year. (Japan Today )
Hatsune Miku, a computer-generated Japanese pop star who performs as a hologram, is to support some of Lady Gaga's tour of North America next month, the U.S. songstress has announced on Twitter. (Japan Today )