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The global aviation sector is witnessing a historic realignment. Japan, Costa Rica, and Italy have coordinated with major US legacy carriers to launch an ambitious network of new transatlantic and domestic routes designed to satisfy explosive consumer demand for authentic, immersive cultural experiences. This isn’t simply another round of capacity announcements—it’s ...

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Japan’s holdings of foreign securities fell sharply in May, a sign that the government may have tapped overseas assets, including U.S. Treasurys, to finance its record currency market intervention over the past month. Foreign securities holdings dropped by $75.6 billion from April, according to Finance Ministry reserve data released Friday. Total foreign reserves fell to [...]

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USD/JPY extends its losses for the second successive day, trading around 159.90 during the Asian hours on Friday. The currency pair depreciated as the Japanese Yen (JPY) found support from heightened fears of government intervention. Japan’s Finance Minister Satsuki Katayama renewed warnings to the market as the JPY hovered near the critical 160.00 per USD [...]

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Moreover, the weakness in oil market also impacted the Nikkei 225 as Japan is vulnerable to energy imports. But the quick decline in stocks such as SoftBank and the lack of breadth indicate that the Nikkei will likely require additional support from tech stocks, Wall Street rallies and the stable yen to get back on [...]

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Kyoto, Japan — A powerful typhoon has hampered efforts by rescue teams scouring the foothills near Kyoto, Japan — from the air and on the ground with dogs — in the search for missing Alabama man James “Weston” Higginbotham. The 20-year-old Auburn University engineering student was on vacation with his family when he disappeared after [...]

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