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Japan’s biggest bank apologized Monday for the alleged theft by an employee of more than 1 billion yen ($6.6 million) from customers’ safe deposit boxes. The bank, formally known as Mitsubishi ...
It is also widely used as a third reserve currency after the US dollar and the euro. The New Currency Act of 1871 introduced Japan's modern currency system, with the yen defined as 1.5 g (0.048 troy ounces) of gold, or 24.26 g (0.780 troy ounces) of silver, and divided decimally into 100 sen or 1,000 rin.
At the end of March 2022, the Ministry of Finance announced that the national debt reached precisely 1.017 million billion yen. [84] The total public debt of the country, which includes debts contracted by local governments, represents 1.210 million billion yen (9,200 billion dollars) which is nearly 250% of Japan's GDP. [84]
With the cooperation of creditors, it was agreed that the Yokado Group would acquire 75% of Southland Corporation's shares for a total of 400 million dollars (approximately 60 billion yen). [6] As a prerequisite for the acquisition, SEJ intended to recover Southland Corporation's junk bonds (totaling 1.8 billion dollars) from bondholders and ...
Masato Kanda unleashed an estimated 25 trillion yen to support the currency when it slumped against the dollar.
This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY). The rupee was worth one shilling and sixpence in sterling in 1947.
It forced Japan's central bank to intervene significantly in the foreign exchange market to prevent the yen from increasing in value. Within two days August 16–17, 1971, Japan's central bank had to buy $1.3 billion to support the dollar and keep the yen at the old rate of ¥360 to the dollar.
TOKYO (Reuters) -Toyota Motor and Nippon Telegraph and Telephone (NTT) plan to invest a total 500 billion yen ($3.27 billion) by 2030 into an infrastructure and software platform using artificial ...