Latest news with #MinistryofInternalAffairs
Business Standard
12 hours ago
- Business
- Business Standard
Yen upbeat as Japan's core inflation accelerates
The Japanese yen stays upbeat against the dollar on Friday following higher inflation data that increases possibility of rate hike by BoJ. Data released earlier today showed that Japan's annual consumer price index (CPI) remained well above the Bank of Japan's (BoJ) target of 2% in May. Japans consumer prices excluding fresh food quickened for a third month to 3.7% from a year earlier in May, according to a Ministry of Internal Affairs released Friday. Thats the fastest pace since January 2023. Food inflation was again a major driver, with the price of rice the nations staple food jumping 102% from a year earlier. Service prices, a metric closely watched by the BOJ, rose 1.4% from a year earlier, slightly more than 1.3% in April. However, the BoJ earlier this week signaled its preference to move cautiously in normalizing still-easy monetary policy and decided to slow the pace of reduction in its bond purchases from fiscal 2026 that could limit gains in the counter. Nevertheless, safe haven demand amidst persistent trade-related uncertainties and rising geopolitical tensions in the Middle East could keep the yen supported. Currently, USDJPY is seen quoting at 145.29, down 0.14% on the day. Meanwhile, on the NSE, JPYINR futures are down 0.93% at 59.42.
Business Times
15 hours ago
- Business
- Business Times
Japan's prices climb by most in two years ahead of election
[TOKYO] Japan's key consumer inflation measure accelerated to a fresh two-year high as Prime Minister Shigeru Ishiba gears up for a summer election and the Bank of Japan mulls the country's price trajectory. Consumer prices excluding fresh food quickened for a third month to 3.7 per cent from a year earlier in May, according to a Ministry of Internal Affairs release on Friday. That's the fastest pace since January 2023 and above the 3.6 per cent median estimate of economists surveyed by Bloomberg. Food inflation was again a major driver, with the price of rice - the nation's staple food - jumping 102 per cent from a year earlier. Service prices, a metric closely watched by the BOJ, rose 1.4 per cent from a year earlier, slightly more than 1.3 per cent in April. The report comes as Ishiba's minority government and opposition parties debate how to reduce the pain of rising living costs, which contributed to the ruling party's biggest election setback since 2009 last fall. Elevated price growth has also supported the Bank of Japan's posture for a rate hike as it awaits clarity on US tariff measures and their economic impact. Japan's inflation has been running at the fastest pace among Group of Seven nations of late, and has stayed at or above the BOJ's 2 per cent target for more than three years. With an upper house election expected to be held on July 20, Ishiba has pledged cash handouts to households, while opposition parties are calling for a first-ever cut to Japan's sales tax. To quell public discontent from soaring rice prices, the government has taken a host of measures to bring down the cost of the grain, helping prop up its popularity from a record low in a local media poll. BLOOMBERG
Bloomberg
16 hours ago
- Business
- Bloomberg
Japan's Prices Climb by Most in Two Years Ahead of Election
Japan's key consumer inflation measure accelerated to a fresh two-year high as Prime Minister Shigeru Ishiba gears up for a summer election and the Bank of Japan mulls the country's price trajectory. Consumer prices excluding fresh food quickened for a third month to 3.7% from a year earlier in May, according to a Ministry of Internal Affairs release Friday. That's the fastest pace since January 2023 and above the 3.6% median estimate of economists surveyed by Bloomberg.
The Star
2 days ago
- Business
- The Star
Russia losses over 1.03 bln U.S. dollars from IT-related crimes in five months
MOSCOW, June 18 (Xinhua) -- Losses from IT-related crimes in Russia have exceeded to 81 billion rubles (about 1.03 billion U.S. dollars) in the first five months of 2025, deputy head of the Investigative Department at the Russian Ministry of Internal Affairs Danil Filippov said on Wednesday. More than 308,000 IT-related crimes were registered in that period, including over 189,000 involving remote theft and fraud, said Filippov at the St. Petersburg International Economic Forum. He reported that around 16 billion rubles (about 203.4 million U.S. dollars) in funds linked to cybercriminals had been frozen since the beginning of the year. "It is clear that when comparing the damage caused and the arrested amount, it is not that much, but nevertheless, we were able to help someone." Filippov further emphasized that proactive measures are already underway to tackle cyber fraud. "We have implemented a range of initiatives, including technological safeguards within enterprises, personal data protection mechanisms, and, most crucially, public engagement and preventive efforts. These foundational elements are expected to deliver tangible outcomes."
Hans India
4 days ago
- Politics
- Hans India
Russia transfers bodies of over 6,000 soldiers to Ukraine
Moscow: Russia has transferred the bodies of 6,060 fallen soldiers to Ukraine, Russian Presidential Aide Vladimir Medinsky said on Monday. Russia agreed to return the bodies of 6,000 fallen Ukrainian soldiers after Russia-Ukraine talks held in Istanbul on June 2. According to Medinsky, Russia has received the bodies of 78 Russian soldiers from the Ukrainian side, Xinhua news agency reported. "Prisoner exchanges continue. Arrangements have also been established regarding the exchange of severely wounded servicemen from the frontline," Medinsky, also Russia's chief negotiator at the talks with the Ukrainian side, wrote on Telegram. Earlier on June 13, Ukraine brought home the bodies of 1,200 fallen soldiers as part of another stage of a swap deal with Russia. The repatriation was carried out in line with agreements reached by the two parties in Turkey's Istanbul last week, said Ukraine's Coordinating Headquarters for the Treatment of Prisoners of War. "Law enforcement investigators, in cooperation with expert institutions of the Ministry of Internal Affairs, will conduct all necessary examinations and identify the repatriated bodies," the agency said. Last week, Moscow said that it was ready to hand over the bodies of fallen Ukrainian soldiers, and had been waiting for the Ukrainian side for several days at the border, Kremlin Spokesman Dmitry Peskov said. Peskov said he hoped that the bodies of fallen Russian soldiers would also be transferred in the near future. "There is no final understanding, contact is being made, numbers are being compared," he said, noting that as soon as there is an understanding, Moscow hopes the exchange of dead bodies will take place. Earlier on June 12, Ukraine and Russia also carried out the second phase of a prisoner exchange involving seriously ill and severely wounded captives, according to Ukrainian authorities. Ukrainian President Volodymyr Zelensky had said on Telegram that servicemen from the Ukrainian Armed Forces, the National Guard and the State Border Guard Service were among those released. Meanwhile, the Russian Defence Ministry said another group of Russian servicemen had returned from Ukrainian captivity and were receiving necessary medical and psychological assistance in Belarus. On June 9, Ukraine and Russia had carried out the first stage of a prisoner exchange following agreements reached in Istanbul.
