AGP Executive Report
Last update: an hour agoMarkets & Policy: The yen hovered around ¥158.6 per dollar as markets awaited a Japanese government bond auction. Economy Minister Minoru Kiuchi said he respects the Bank of Japan’s independence, while the central bank says underlying inflation is nearing its 2% goal. Prime Minister Sanae Takaichi has left open issuing debt to fund a temporary food-tax cut. Cybersecurity: JETRO took its website offline after an intrusion and confirmed 743 records were exposed. Other breaches include 11.18 million Burger King Japan customer records and more than 8.7 million records at karaoke operator Daiichi Kosho. Semiconductors: Japan approved TSMC’s plan for its first domestic 3-nanometer chip production, with initial output set at 6,000 wafers a month. Tokyo also plans to invest up to $21 billion in two GlobalFoundries fabs in the United States. Business & Labor: Dai-ichi Life’s Australian unit made a A$7.9 billion takeover offer for wealth manager Challenger. Japan is also considering restarting visa applications for foreign workers in meal services at hospitals and care facilities from next April.
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