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Moscow Exchange suspends trading in Japanese yen

Aug 09, 2022 (china.org.cn) - The Moscow Exchange suspended trading in Japanese yen on Monday.

The decision was announced in a statement published in late July. "The yen will not be accepted as collateral for transactions on the markets of the Moscow Exchange," the statement said.

The exchange said that "potential risks and difficulties" associated with making settlements caused the suspension of the currency.

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Typhoon No. 25 was closing in on the Kanto region on September 21 while maintaining strong intensity, with the large storm estimated at 2 p.m. to be passing through the southern Izu Islands between Hachijojima and Miyakejima and moving northeast at 25 kilometers per hour, raising the risk of record rainfall and disaster-level winds across Kanto and the Izu Islands as leisure and commercial facilities temporarily closed in preparation for worsening conditions.

Transport disruption across eastern Japan intensified through the afternoon of September 21 as large and strong Typhoon No. 25 approached Kanto, with at least 275 ANA and Japan Airlines flights canceled, more than 100 cancellations at Narita Airport, conventional rail services suspended across parts of Kanagawa and Chiba prefectures, and extensive expressway closures affecting routes around Tokyo and the Boso Peninsula.

People aged 65 and older accounted for a record 29.6% of Japan's population in 2026, the highest proportion among major countries worldwide, while the number of elderly people in employment also reached an all-time high as Japan marked Respect for the Aged Day on September 21.

Emperor Naruhito and Empress Masako watched Japan defeat Kazakhstan in a women’s basketball preliminary-round game at the 20th Asian Games in Nagoya.

A drone filming the illuminated Nagoya City Hall headquarters crashed into a building across the road shortly before 9 p.m. on September 17, with police investigating whether the flight may have violated Japan's Civil Aeronautics Act.

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The Bank of Japan raised its policy rate from 1.0% to 1.25% on September 18, taking borrowing costs to their highest level in 31 years and accelerating the pace of monetary tightening as persistent inflation and concerns over fiscal expansion put upward pressure on interest rates.

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