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2024-12-14 11:18:24

The Japanese yen faces new risks. Strategists worry that the Bank of Japan may wait until March or later to raise interest rates. A new risk is emerging for the Japanese yen. Foreign exchange strategists in Tokyo warn that the Bank of Japan may wait until March or later next year to raise interest rates. On Wednesday, the market tasted this danger, and the yen fell to its lowest level in more than two weeks as traders responded to a Bloomberg report that the Bank of Japan is known to think that it is no harm to raise interest rates later. The yen only fell to 152.82 against the dollar, and the market is still debating whether the Bank of Japan will take action at its next meeting on December 19 or about a month later. Shusuke Yamada, head of Japan's foreign exchange and interest rate strategy at Bank of America in Tokyo, said that if policymakers put off raising interest rates for a longer time, the situation would be very different. "If the interest rate hike is postponed until March, the yen carry trade is likely to make a comeback," Yamada said on Thursday. "The yen is likely to fall again to a level just below the 157 mark hit in 155 or November."Rapdidus will start producing 2-nanometer chips in April next year. Dong Zhelang, president of Rapdidus, an advanced Japanese semiconductor foundry company, said that by the end of March 2025, Rapdidus will complete all the equipment setup required for trial production of 2-nanometer chips, and start the trial production line in April to actually produce 2-nanometer chips.Market News: The Slovak Prime Minister said that Slovakia supports the normalization of relations between Russia and western countries and opposes the emergence of a new iron curtain in Europe. The Slovak Prime Minister emphasized that all conflicts will be finally resolved through negotiations.


South Korea's finance ministers and Japan's finance ministers held an online meeting, and the two sides reiterated the importance of the partnership between the two countries.In the first ten months, Jiangsu's ship exports exceeded 60%, ranking first in the country. According to Nanjing Customs statistics, from January to October this year, Jiangsu exported 85.84 billion yuan of all kinds of ships, ranking first in the country in terms of export scale, with a year-on-year increase of 63.2%. The exports of three main ship types, namely, tankers, container ships and bulk carriers, increased by 179.5%, 91% and 16.2% respectively.Mackler M, Governor of the Bank of Canada: (Regarding the potential tariff policy) We can't make policies based on what may happen. If the (US) tariffs are implemented as promised, it will cause serious damage to the Canadian economy.


The OpenAI webpage shows that API, ChatGPT and Sora are all running normally.Tang Lin, a former director-level cadre of the Higher People's Court of Guizhou Province, held a trial in the first instance. On December 12, 2024, the Intermediate People's Court of tongren city, Guizhou Province held a trial in the first instance to hear the case of Tang Lin, a former director-level cadre of the Higher People's Court of Guizhou Province. Tongren city People's Procuratorate prosecuted the charges: During 2012-2023, defendant Tang Lin took advantage of his position as President of Liupanshui Intermediate People's Court, Vice President of Guizhou Higher People's Court, Director of Legal Affairs Office of Guizhou Provincial People's Government, Executive Vice President of Guizhou Higher People's Court, and the convenience of his authority and position to help relevant units and individuals in handling cases, and illegally accepted other people's property totaling RMB 21.47 million. From December 2007 to January 2011, Tang Lin took advantage of his position as the president of Liupanshui Intermediate People's Court to facilitate the illegal possession of public property with others, totaling RMB 660,000, of which RMB 330,000 was shared by individuals. The public prosecution agency requested Tang Lin to be investigated for criminal responsibility for accepting bribes and corruption. (Dynamic and static Guizhou)Reuters survey: In December, the Bank of England decided to keep interest rates unchanged or cut interest rates by 100 basis points next year. All 71 economists surveyed during December 6-11 predicted that the Bank of England would keep its target interest rate unchanged at 4.75% at its meeting on December 19. Among the economists who predict the interest rate outlook until the end of 2025, about 54% (36 out of 67) expect to cut interest rates by 100 basis points by the end of next year, another 17 expect to cut interest rates by at least 125 basis points, and 14 expect to cut interest rates by at most 75 basis points.

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