With tourism industry of Vietnam is undeniably growing rapidly as almost fourteen million foreign tourists arrived there during the first seven months of 2026, according to report by VnExpress.
To put things in perspective, posted below is an excerpt from the news report of VnExpress. Some parts in boldface…
Vietnam welcomed 13.9 million international arrivals during the first seven months this year, up 13.8% from a year earlier, as the country’s image as a safe and stable destination continued to attract travelers amid geopolitical tensions worldwide.
In July alone, the number of foreign visitors to Vietnam reached 1.67 million,down 0.7% year-on-year, according to the General Statistics Office (GSO).
Mainland China remained the largest source of visitors so far this year with 3.08 million, followed by South Korea with 2.38 million.
The rest of the top 10 were Russia, Taiwan, the U.S., Cambodia, India, Japan, the Phillippines and Australia.
Let me end this piece by asking you readers: What is your reaction to this development? Considering how many foreign tourists it attracted so far this year, do you think Vietnam will eventually hit 24 million foreign tourist arrivals by the end of 2026? Do you think the new Long Thanh International Airport will somehow help attract a large number of overseas travelers once it starts operating this December?
Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/and on Instagram athttps://www.instagram.com/authorcarlocarrasco
Recently in the City of Las Piñas, five hundred local solo parents received their quarterly aid amounting to P3,000 each, according to a news report by the Manila Bulletin. Mayor April Aguilar led the distribution.
To put things in perspective, posted below is an excerpt from the Manila Bulletin news report. Some parts in boldface…
Las Piñas City has given ₱3,000 in quarterly aid to 500 solo parents, part of its program to ease the financial strain of raising families alone.
Mayor April Aguilar led the distribution at the Aguilar Sports Complex, with each beneficiary receiving the subsidy equivalent to ₱1,000 per month, released every quarter.
Aguilar said the assistance is meant to help solo parents cover daily needs such as food, education, transportation, and household expenses.
She noted thatsingle parents carry the full responsibility of raising children, making government support vital to improving their quality of life.
Beneficiaries thanked the city government, saying the quarterly aid will help them manage household costs and provide added support for their children.
Let me end this piece by asking you readers: If you are a resident of Las Piñas City, what is your reaction to this development? How many members of your local community are solo parents who are qualified to receive quarterly aid?
Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco
For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagement, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673
Following the unfortunate decision made the by Supreme Court of the United States (SCOTUS) regarding birthright citizenship, US President Donald J. Trump signed two new Executive Orders to formally end birth tourism while also protecting the meaning and value of American citizenship.
To put things in perspective, posted below is the News24 (formerly Sky News Australia) video covering the Oval Office. Watch it and pay close attention to the details.
In America, birth tourism is already a huge problem that has yet to be full resolved. If it is left unchecked, it will negatively impact and even deform democracy in the US. That said, President Trump signed the Executive Order ending birth tourism. To understand it fully, posted below is the entire content of the said Executive Order sourced from the White House website. Some parts in boldface…
By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered:
Section 1. Purpose. United States citizenship is among the greatest inheritances the Nation can bestow. It embodies a sacred bond between the American people and the Nation in which they live, and carries profound rights, privileges, and responsibilities reflective of the enduring allegiance of citizens to the United States and our Constitution. Citizenship is not a commodity to be acquired through calculated exploitation and evasion of the immigration laws, such as by entering the United States on a nonimmigrant visa for the purpose of giving birth within the Nation’s borders.
Birth tourism operators use deceptive advertisements and inducements to entice foreign nationals to travel to the United States for the purpose of giving birth on American soil. They promise citizenship; access to public benefits; and short-term stays in specialized facilities, hotels, or rentals, but often fail to deliver on these promises. These operators coach their clients to misrepresent the purpose and duration of their travel to consular and border officials to obtain visas authorizing entry into the United States. Failure to appropriately combat these schemes has resulted in thriving industries around the world that profit by enabling the evasion of American immigration laws to obtain citizenship and other immigration benefits for foreign visitors, and the exploitation of the women who travel here for purposes of giving birth.
The immigration laws of the United States establish discrete categories of temporary nonimmigrant visas to allow foreign visitors into the United States for study, exchange, temporary employment, tourism, and other transitory activities that are now exploited by birth tourism operators. Participants in birth tourism schemes abuse these categories to establish a permanent foothold in the United States by securing the advantage of citizenship for their children and then potentially for themselves.
Birth tourism, defined in section 3 of this order, undermines the integrity of the Nation’s immigration system by enabling foreign nationals to exploit their temporary admission to obtain permanent immigration-related benefits. Birth tourism also diverts limited consular inspection and enforcement resources away from legitimate visa applicants, erodes public confidence in the faithful enforcement of the immigration laws, and impairs the executive branch’s ability to protect the national security.
The United States has a compelling interest in ensuring that each visa category is used only for the purpose for which it was established. Foreign nationals seeking temporary admission into the United States must adhere to the purposes for which the Congress has authorized their temporary admission, and cannot be permitted to circumvent the immigration laws in an attempt to vest themselves and their children with lasting benefits that are irreconcilable with their nonimmigrant status.
It is therefore the policy of the United States to promote the integrity of its immigration system, to ensure that nonimmigrant visa classifications are used only for their lawful and intended purposes, and to prevent the exploitation of those classifications by persons engaging in birth tourism.
Sec. 2. Authorities. Pursuant to section 301 of title 3, United States Code, the authority granted to the President under section 215(a) of the Immigration and Nationality Act, 8 U.S.C. 1185(a), is hereby delegated to the Secretary of State and the Secretary of Homeland Security to the extent necessary to implement this order, including the authority to issue or adopt rules, policies, operational guidance, or other guidance to carry out this order.
Sec. 3. Definition. For purposes of this order, “birth tourism” is defined as:
(a) the entry of any foreign national into the United States via a nonimmigrant visa for the purpose of giving birth on American soil; or
(b) any effort by any foreign national to facilitate the entry of any foreign national into the United States via a nonimmigrant visa for the purpose of giving birth on American soil.
Sec. 4. Scope and Implementation. (a) The Secretary of State and the Secretary of Homeland Security shall take such actions and update any rules, policies, operational guidance, or other guidance as necessary to effectuate the policy set forth in this order. Such actions may include, within the Secretaries’ respective discretion and authority, appropriate action to prevent the entry into the United States of, or the granting of any visa or other travel authorization to, any alien entering or attempting to enter the United States for the purpose of engaging in birth tourism; revoking the visa or travel authorization and permanently barring entry of any alien who enters or attempts to enter the United States for the purpose of engaging in birth tourism; denial of entry to, or removal of, any alien who previously engaged or plans to engage in birth tourism; or other appropriate action against entities, organizations, or individuals, within or outside of the United States, responsible for facilitating or enabling birth tourism in any manner.
(b) All other relevant executive departments and agencies shall provide such records and information as are necessary for the Secretary of State and the Secretary of Homeland Security to implement the terms of this order and the rules, policies, operational guidance, or other guidance issued pursuant to it, subject to applicable law.
Sec. 5. Exemptions. Notwithstanding the restrictions imposed by this order, the Secretary of State or the Secretary of Homeland Security may exempt a foreign national from actions taken pursuant to this order on humanitarian grounds or when the foreign national’s entry is in the national interest, as determined by the Secretary of State or the Secretary of Homeland Security.
Sec. 6. General Provisions. (a) Nothing in this order shall be construed to impair or otherwise affect:
(i) the authority granted by law to an executive department or agency, or the head thereof; or
(ii) the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.
(b) This order shall be implemented consistent with applicable law and subject to the availability of appropriations.
(c) This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.
(d) If any provision of this order, or the application of any provision to any person or circumstances, is held to be invalid, the remainder of this order and the application of any of its other provisions to any other persons or circumstances shall not be affected thereby.
(e) The costs for publication of this order shall be borne by the Department of Homeland Security.
DONALD J. TRUMP
Let me end this piece by asking you readers: What is your reaction to this development? Do you think the two new Executive Orders signed by Trump will effectively end birth tourism while protecting the value of American citizenship? What kind of responses do you think the Democrats will come up with to oppose the Executive Orders. Do you think Islamist states like Iran, Pakistan, Qatar and Bangladesh are deliberately sending their citizens to America with birth tourism in mind? Did you spot any Chinese nationals engaging in birth tourism in America lately?
In Japan, housekeeping services whose workforce involved Filipinos are gaining popularity and public trust as the nation has growing demand for such support, according to a news report by Kyodo News. The report mentioned the cheerful personalities and diligence of Filipino workers.
To put things in perspective, posted below is an excerpt from the report of Kyodo News. Some parts in boldface…
Housekeeping services employing Filipino staff have gained in popularity amid growing demand in Japan for such domestic support, with one provider seeing their workforce roughly double over the past decade.
Since the Japanese government began allowing foreign nationals to provide housekeeping services in national strategic special zones in 2016, workers from the Philippines have been a top choice due to their cheerful personalities, diligence as well as expertise.
In February, a Filipino housekeeping staff member listened carefully to her client’s instructions as she made her on-site debut around a month after arriving in Japan. She assiduously took notes as the client explained in a mix of English and Japanese how to use cleaning tools and the order of detergents.
“(Filipinos) are friendly and easy to talk to and they work seriously, so I can feel at ease,” the client said.
Before 2015, only certain households, such as those of foreign diplomats, had been allowed to employ foreign housekeepers. But a legal change that year, aimed at increasing women’s workforce participation and easing labor shortages in Japan’s housekeeping industry, paved the way for foreigners to work in designated areas.
Following the law revision, Tokyo-based Pinay International Co. launched a business especially employing Filipino housekeepers. It now operates in parts of Tokyo, neighboring Kanagawa Prefecture, Osaka Prefecture and Hyogo Prefecture with more than 200 Filipino staff working as full-time employees.
The company recruits workers in the Philippines and provides extensive training before and after their arrival in Japan, while also supporting their daily life in areas such as housing.
“Foreign talent playing an active role will likely lead to revitalizing Japan,” Pinay International CEO Tetsuya Moteki, 55, said.
According to a survey by the Ministry of Economy, Trade and Industry, Japan’s housekeeping services market has been expanding as the number of dual-income households increases.
Let me end this piece by asking you readers: What is your reaction to this development? Do you think more Japanese households will trust housekeeping service providers once they realize their workforce includes Filipinos? What do you think makes Filipino housekeeping workers more trustworthy compared with those from other nations of Southeast Asia?
Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/and on Instagram athttps://www.instagram.com/authorcarlocarrasco
In this age of artificial intelligence (AI), the rising use of drones in military operations and Communist China’s disturbing presence at sea, the Defense Ministry of Japan sees the urgent need to prepare the nation for the new ways of warfare, according to a news article by Jiji Press.
To put things in perspective, posted below is an excerpt from the news article of Jiji Press. Some parts in boldface…
Japan’s Defense Ministry emphasized the urgent need to prepare for what it calls new ways of warfare leveraging drones and artificial intelligence technology in an annual white paper adopted Tuesday.
The 2026 report, submitted by Defense Minister Shinjiro Koizumi to the day’s cabinet meeting, also displayed vigilance over the Chinese military’s expanding activities in the Pacific, saying Japan should respond with its “comprehensive national power.”
The white paper said that large-scale attacks combining low-cost unmanned equipment and conventional missiles have been conducted on the battlefields of Ukraine fighting Russia’s aggression.
Acknowledging that preparing for prolonged conflicts has become a key issue, the government stressed the importance of securing adequate stockpiles and ensuring sustained operational capability.
Let me end this piece by asking you readers: What is your reaction to this development? Do you support the idea of Japan tremendously modernizing itself militarily to defend itself while pushing back against Communist China’s military presence at sea? Would you like to see Japan become more sophisticated in the new ways of warfare using whatever state-of-the-art technologies it has? Do you think Japan should approach the United States for more advanced military hardware?
Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/and on Instagram athttps://www.instagram.com/authorcarlocarrasco
In the latest development on reforming immigration in Japan, the nation’s immigration agency proposed tougher requirements and new pension rules for granting permanent residency to foreigners, according to a news report by Kyodo News.
To put things in perspective, posted below is an excerpt from the report of Kyodo News. Some parts in boldface…
Japan’s immigration agency on Tuesday proposed tougher requirements for granting permanent residency to foreigners, including requiring applicants to maintain income above the average for Japanese households and a certain level of projected pension benefits.
The proposed guidelines are part of Prime Minister Sanae Takaichi’s push to create an “orderly society” in which Japanese and foreign nationals coexist while cracking down on illegal activities.
The Immigration Services Agency will solicit public comments before implementing the new rules from April 2027.
Permanent residents can remain in Japan indefinitely without restrictions on their activities while retaining their original nationality. Applicants generally must have lived in Japan for at least 10 years to qualify.
It differs from naturalization, through which a person acquires Japanese citizenship.
Under the current guidelines, the three main requirements for obtaining permanent residency are good conduct, sufficient assets or skills to maintain an independent livelihood, and that granting permanent residency is in Japan’s best interests.
The revised rule would require applicants to maintain annual household income above the average for Japanese households, with the benchmark based on several government data sources.
According to a health ministry survey on living conditions released on July 15, for instance, average income per household in Japan stood at 5.75 million yen ($36,500) in 2024.
Applicants would also be required to have projected pension benefits equivalent to those payable after 30 years of enrollment in the employees’ pension program at their income level.
If the projected pension benefits fall short, they will be allowed to cover the difference with their financial assets.
The revised guidelines would also introduce a Japanese-language requirement, with applicants required to demonstrate proficiency at the level of an “independent user.”
While the population of Japanese nationals has been on a downtrend, the number of foreign residents has been increasing as Japan has been accepting more workers from abroad.
As of the end of last year, about 947,000 people held permanent residency status, with many from China and the Philippines.
Permanent residency is currently granted to a spouse of a Japanese national or a permanent residency holder when their marriage has lasted for at least three years, and the non-Japanese spouse has resided in Japan for at least one year.
The proposal would raise the thresholds to five years of marriage and three years of residence.
Let me end this piece by asking you readers: What is your reaction to this development? Do you think the proposed tougher requirements and new pension rules make a lot of sense when it comes to the granting of permanent residency to foreigners there in Japan? Do you think the proposals will discourage foreigners from Third World nations like Pakistan, Somalia and Bangladesh from seeking permanent residency in Japan? Do you think the current government of Japan is doing good enough to reform immigration? Do you think that foreigners in Japan who applied for permanent residency and committed a local crime or an act of violence should automatically be disqualified by the government?
Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/and on Instagram athttps://www.instagram.com/authorcarlocarrasco
With its booming tourism industry making huge economic impact, Vietnam surpassed Thailand as and emerged as the 2nd largest aviation market in Southeast Asia this past July, according to a news report by VnExpress.
To put things in perspective, posted below is an excerpt from the news report of VnExpress. Some parts in boldface…
Vietnam surpassed Thailand to become the second largest Southeast Asian aviation market with 7.4 million seats in July, an increase in capacity of 5.6% year-on-year, according to a report by British aviation analytics firm OAG.
Indonesia remained the largest Southeast Asia market with 10.9 million seats, up 0.3% year-on-year.
Thailand, which held the second spot in previous months, slipped to third place with 6.9 million seats, a 3% reduction in capacity, followed by Malaysia and the Phillippines. The report said capacity reduced in Malaysia, Thailand and the Philippines due to the Middle East crisis.
Vietnam Airlines is the largest airline in Southeast Asia in July with 2.81 million seats, growing by just 0.1% year-on-year, according to OAG.
Overall capacity in the Southeast Asian market reduced by 1.2% compared to July last year to 50.4 million seatsdue to rising fuel costs triggered by political tensions in the Middle East, OAG reported.
Let me end this piece by asking you readers: What is your reaction to this development? Considering its rapidly growing tourism industry, were you surprised that Vietnam registered 7.4 million seats this past July? Considering what was achieved recently, do you think Vietnam will grow further as an aviation market once its new Long Thanh International Airport becomes operational?
Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/and on Instagram athttps://www.instagram.com/authorcarlocarrasco
Following the raid of illegal hotels in Phuket, Thailand, the local authorities in Bangkok issued orders to almost eighty entertainment venues to shut down over widespread licensing and safety violations, according to a VnExpress news report.
To put things in perspective, posted below is an excerpt from the news report of VnExpress. Some parts in boldface…
Authorities in Bangkok, Thailand’s nightlife hub, have ordered 79 entertainment venues to suspend operations after a week-long inspection campaign uncovered widespread licensing and safety violations across the capital.
Nineteen establishments were ordered to suspend live music performances for lacking the required entertainment permits, while60 businesses were temporarily shut down for operating without valid licences, Thairath Online news site reported.
The inspections, carried out between July 19 and 26, covered865 of the city’s 1,204 targeted entertainment venues, or about 72% of the total, Deputy Bangkok Governor Pornphrom Vikitsreth said as quoted by The Nation.
The inspections came after a fire tore through a beer hall and live music venue in Bangkok’s Chatuchak District on July 12,killing 36 people and injuring 70inThailand’s deadliest blaze in more than a decade.
Authorities said inspections of entertainment venues and similar businesses will continue across Bangkok to strengthen public safety, ensure operators comply with regulations and restore confidence among both local patrons and foreign tourists visiting the city’s nightlife districts.
Let me end this piece by asking you readers: What is your reaction to this development? If you plan to visit Bangkok soon, do you think the current crackdown by the local authorities will make the city safer for tourists?
Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/and on Instagram athttps://www.instagram.com/authorcarlocarrasco
Recently in the City of Las Piñas, a Grade 9 student died after getting stabbed by a classmate (aged 14) following a verbal altercation between them, according to a news report by Malaya Business Insight.
To put things in perspective, posted below is an excerpt from the Malaya Business Insight news report. Some parts in boldface…
A Grade 9 student at the Las Piñas National High School died after being stabbed by his 14-year-old classmate.
A report from the Southern Police District saidthe stabbing incident occurred on the fourth floor of the school following a verbal altercation between the victim and the suspect.
Las Pinas City Police Chief Col. Fermin Armendarez III saidfollowing the altercation, the suspect pulled put a knife and stabbed the victim.
The victim was brought to the Las Pinas District Hospital for treatment, but he waspronounced dead by attending physicians at 4:53pm.
Armendarez said the suspect was taken into custody after the custody while the investigation is continuing.
In a statement, the school expressed sadness over the incident and said it is fully cooperating with the police in the investigation.
Let me end this piece by asking you readers: If you are a resident of Las Piñas City, what is your reaction to this development? Does this tragedy make you feel more concerned about the safety of students nowadays? How do you think the suspect brought a deadly weapon into school?
Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco
For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagement, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673
For the first time in fifteen years, Japan and the United States conducted a joint buying of Yen following the Japanese currency’s continued weakness to the U.S. Dollar which Finance Minister Satsuki Katayama confirmed yesterday, according to a Kyodo News report. The Yen fell to almost 164 to the U.S. Dollar on July 23.
To put things in perspective, posted below is an excerpt from the report of Kyodo News. Some parts in boldface…
Japan and the United States conducted coordinated yen buying Friday, Finance Minister Satsuki Katayama said, their first joint market intervention in 15 years, with the two nations ready to act again if necessary.
The intervention during New York trading on Friday came after the yen hit 163.99 to the U.S. dollar on July 23, its weakest level in around 40 years, amid mounting fears about Prime Minister Sanae Takaichi’s expansionary but vaguely funded fiscal policy.
“This joint action was taken pursuant to the U.S.-Japan Finance Ministers’ Joint Statement issued in September 2025 and countered the excessive volatility and disorderly movements of the Japanese yen in recent months,” Katayama said in a statement on Monday.
“The Japanese Ministry of Finance remains attentive and in close communication with our counterparts at the U.S. Treasury. We will not hesitate to conduct a further joint intervention,” she added.
After warnings by Katayama and U.S. Treasury Secretary Scott Bessent of additional action to prevent the Japanese currency from depreciating, the yen briefly surged to the lower 155 level from the upper 157 range on Monday morning.
While joint currency interventions by the countries are usually reserved for emergencies, Japan has been struggling with the yen’s depreciation, which has increased import costs, threatening to accelerate inflation and jack up yields on long-term Japanese government bonds.
Washington is also believed to be wary of rising long-term Japanese interest rates pushing up U.S. rates before the congressional midterm elections in the fall, analysts said.
The previous Japan-U.S. intervention was carried out to stem the yen’s rise after the massive earthquake and tsunami in northeastern Japan in March 2011.
Katayama told reporters in Tokyo that Friday’s coordination between Japan and the United States was aimed at linking Tokyo’s “economic security to its unwavering alliance” with Washington.
She stressed the countries’ “close coordination” since the release of their joint statement last September, which confirmed interventions should be reserved for combating excessive volatility as well as “disorderly depreciation or appreciation.”
Japanese and U.S. authorities have pledged to take decisive action “against disorderly moves at any time,” Katayama said.
Atsushi Mimura, Japan’s top currency diplomat, called the latest coordinated intervention a “completed form” of the Japan-U.S. currency alliance, emphasizing the two countries would continue to respond “without missing a beat.”
Saying Japan “wanted a little bit of help,” President Donald Trump indicated Sunday in the United States that Washington had conducted a yen-buying intervention at the request of Takaichi’s government. He told reporters the action would benefit his nation economically.
He added, “We’re always there for Japan. Japan’s been very good to us, with the exception, of course, of Pearl Harbor,” referring to Japan’s 1941 surprise aerial attack on a naval base in Hawaii that resulted in the U.S. entry into World War II.
In New York on Friday, the yen surged to the lower 157 level against the dollar, with Japanese government sources confirming a yen-buying intervention by currency authorities.
The move came after the yen briefly soared to the 157 range Thursday, gaining nearly 5 yen in about 50 minutes before dropping back to the 160 level, as a result of a currency intervention by Japan later confirmed by market and government sources.
On Sunday, Bessent wrote on social media that the intervention “countered disorderly yen movements,” adding the United States would “not hesitate” to conduct further joint currency intervention with Japan, echoing Katayama.
He also said, “We strongly support Japan’s decisive market and monetary steps to correct the substantial undervaluation of the yen.”
Let me end this piece by asking you readers: What is your reaction to this development? What do you think the joint buying of Yen by the US and Japan will lead to further stabilization economically in the short term? Do you think this joint move will somehow boost both nation’s economies?
Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/and on Instagram athttps://www.instagram.com/authorcarlocarrasco
Author Carlo Carrasco 