30 September, 2014 AsiaNews.it Twitter AsiaNews.it Facebook            

Help AsiaNews | About us | P.I.M.E. | | RssNewsletter | Mobile





mediazioni e arbitrati, risoluzione alternativa delle controversie e servizi di mediazione e arbitrato
e-mail this to a friend printable version


» 09/14/2010
JAPAN
Prime Minister Naoto Kan keeps his job as yen reaches 15-year high
Kan’s victory over challenger Ichiro Ozawa for the leadership of the Democratic Party of Japan gives yen a boost, now pegged at 83.25 against the US dollar, the best result since May 1995.

Tokyo (AsiaNews/Agencies) – The yen rose to a 15-year high against the US dollar on news that Prime Minister Naoto Kan beat rival Ichiro Ozawa in a vote today for the leadership of the Democratic Party of Japan. For many observers, this outcome is good for the economy. Meanwhile, Asian stocks fluctuated after three days of gains.

The yen climbed to 83.36 per dollar in Tokyo, down from 83.71 in New York yesterday after earlier rising to 83.25, the strongest level since May 1995.

Overall, the MSCI Asia Pacific Index gained 0.3 per cent to 124.15.

Analysts believe the yen’s upward swing is due to Kan’s victory, which lowered the likelihood that the government might sell yen to weaken the currency, a move Ozawa backed.

“Kan has shown a less aggressive stance than Ozawa on currency intervention,” said Kazuya Yashiro, a Tokyo-based foreign-exchange analyst at Himawari Securities Inc. “His victory will therefore give some opportunities to test the upside of the yen.”

At the helm of the government for the past three months only, Kan was able to get his party to back his leadership, giving his administration a vote of confidence.

Nicknamed the ‘son of a salary man’, Kan beat Ozawa, dubbed the ‘shadow shogun’, by a margin of 721 to 491 votes.

Now, his task is to regain the confidence of the hundred or so members of parliament who backed Ozawa.


e-mail this to a friend printable version

See also
06/07/2010 JAPAN
Government change in Tokyo baffles politicians, worries ordinary people
by Pino Cazzaniga
05/12/2009 JAPAN
Opposition party embroiled in scandal, fears impact on election
09/13/2007 JAPAN
Stress, confusion and criticism sink Shinzo Abe
by Pino Cazzaniga
04/30/2012 JAPAN
The rise to power Ichiro Ozawa: the "shadow shogun".
by Pino Cazzaniga
09/11/2010 JAPAN
Democratic Party of Japan: war between Ozawa and Kan
by Pino Cazzaniga

Editor's choices
IRAQ-VATICAN
"Adopt a Christian from Mosul": Archbishops’ thanks as first aid arrives
by Amel NonaMsgr. Amel Nona, the Chaldean Archbishop of Mosul, who is also a refugee himself, thanks all the donors to the AsiaNews campaign. The situation is increasingly difficult given the huge number of refugees and the arrival of winter and snow, making outdoor shelters and tents impossible. The crisis, an occasion that activates the faith of Christians.
ITALY - IRAQ
After raising € 350,000, 'Adopt a Christian from Mosul' campaign continues
by Bernardo CervelleraDonations raised up to 31 August have been sent to the patriarch of Baghdad and the bishops of Kurdistan. The campaign helps to feed, house, clothe, and bring comfort to more than 150,000 Christian, Yazidi, Turkmen, Shia and Sunni refugees who fled the violence of the army of the Islamic Caliphate. People in Italy and around the world have been generous, including the poor and the unemployed, a sign of hope for the world as well as those who suffer and those who give.
IRAQ-ITALY
"Adopt a Christian from Mosul," the thanks of the Patriarch Louis Sako; the concerns of the Bishop of Kurdistan
by Bernardo CervelleraThe head of the Chaldean Church is grateful for the AsiaNews campaign and hopes that "this chain of solidarity will reach far and wide”. Helping refugees to remain in Iraq. But many want to flee abroad. The bishop of Amadiyah where thousands of displaced people have found haven in churches and homes: We also help the Arabs (Muslims), and Yazidis, for free and without looking at our confessional differences.

Dossier
by Giulio Aleni / (a cura di) Gianni Criveller
pp. 176
by Lazzarotto Angelo S.
pp. 528
by Bernardo Cervellera
pp. 240
Copyright © 2003 AsiaNews C.F. 00889190153 All rights reserved. Content on this site is made available for personal, non-commercial use only. You may not reproduce, republish, sell or otherwise distribute the content or any modified or altered versions of it without the express written permission of the editor. Photos on AsiaNews.it are largely taken from the internet and thus considered to be in the public domain. Anyone contrary to their publication need only contact the editorial office which will immediately proceed to remove the photos.