Nihonsun Tue, 27 Sep 2022 15:12:33 +0000 en-US hourly 1 Nihonsun 32 32 Moody’s sees Quad boosting India’s trade and investment flows Tue, 27 Sep 2022 14:29:00 +0000

The rating agency points to the country’s ‘relatively protectionist’ approach, as well as regulatory and infrastructural constraints as key determinants of the magnitude of the gains

The rating agency points to the country’s ‘relatively protectionist’ approach, as well as regulatory and infrastructural constraints as key determinants of the magnitude of the gains

India’s membership in the Quadrilateral Security Dialogue would provide it with an opportunity to benefit from increased trade flows and investment, as economic ties are expected to deepen among members seeking to reduce their dependence on China, but the country’s protectionist stance and “weak” business climate could limit those gains, Moodys’ Investors Service said Tuesday.

“India is poised to become a growing destination market for goods from other Quad countries, including raw materials, machinery and chemicals,” the rating agency said in a note on ratings. geopolitical risks arising from the Quad alliance. “The United States and Japan will continue to be the main sources of foreign direct investment (FDI) in India in services, telecommunications and software, while Australia’s presence will increase thanks to a free agreement. -exchange with India,” he added.

Trade and investment gains would accrue to India, Moody’s observed, adding that regulatory and infrastructural constraints still remained, however. . The magnitude of changes in trade flows would also depend on the improvement of India’s business climate and the level of investment attractiveness, which “remains low” compared to that of other Asia-Pacific and other economies. other members of the Quad – Japan, United States and Australia.

“India also stands out as a relatively protectionist market for goods and capital, reflected in its high weighted average import tariff,” Moody’s pointed out.

Yet as economies diversified production of critical products and technologies, the Quad would continue to drive long-term supply chain shifts to Southeast Asia and India, Moody’s estimated.

“These changes may include increased Australian exports of commodities including copper, energy and agricultural products to these economies. Financial services companies in the United States, Japan and Australia will benefit from these changes, which will also support the industrial and capital market development of India,” he said.

India stands to benefit from Quad-related supply chain changes by increasing trade with member economies and diversifying its sources of imports from China, the ratings firm said.

“For India, the costs of pivoting China to Quad members as priority markets for trade growth will be relatively low, given that only a small share of its exports currently goes to China. As evidenced by its reluctance to join the RCEP trade deal, India wants to reduce its dependence on imports from China while expanding its market access to Australia, Japan and the United States. United,” Moody’s said.

Although a further increase in tensions between Quad members and China would accelerate the companies’ plans to diversify their production centers in Asia, Moody’s said such changes may only happen “slowly as Quad governments would be careful not to antagonize” China because of their already entrenched trade relationship. ties.

“A lack of cohesion among Quad members on any given issue, exemplified by India’s withdrawal from the trade pillar of the IPEF (Indo Pacific Economic Framework), can also hamper the alliance’s ability to find ground agreement on an economic strategy to counter China,” the company said.

“Overall, we expect Quad members to carefully consider the trade-offs of the grouping against national considerations, given the negative effects that a more vocal Quad alliance could have on each member’s relationship with the community. China,” he concluded.

2023 Nissan Z Nismo expected next year with $100,000 price tag – report Tue, 27 Sep 2022 02:24:44 +0000

The latest report from Japan suggests a hotter Nissan Z is due next year, with more power, improved handling and a more aggressive look – but priced around $100,000.

A performance Nismo version of the new 2023 Nissan Z could arrive next year, according to the latest report from Japan.

japanese magazine Best car reports that the much-anticipated Nismo variant of the new Z could launch in mid-2023, with more power, a stiffer chassis, bigger brakes and unique styling, all for a price up to 40% more higher than the standard model.

The Z Nismo is said to be an evolution of the Z Customized Proto concept (below) revealed by Nissan in January, featuring a new front bumper with a split air intake, more aggressive side sills and wheel arches, a unique rear bumper and a larger rear spoiler. .

While the Customized Proto concept has been patented in recent months – as reported Conduct last month – and prototypes with the front bumper of the show car were spied, Best car suggests that the Nismo will not be a carbon copy of the concept.

Powering the Z Nismo should be a revised version of the car 3.0-liter twin-turbo “VR30” V6who Best car said is “expected” from produce more power than the standard 298kW/475Nm thanks to a sports exhaust system and revised engine tuning.

Under the skin, upgrades over the base Z are supposed to include retuned suspension, 20-inch wheels (instead of 19-inch alloys) and “specially beefed-up” performance brakes.

Best car reports that body stiffness will be enhanced with Yamaha performance dampers (for the chassis; not to be confused with suspension dampers), a strut tower bar through the engine compartment and other struts and V bars around the car.

Inside, the magazine says highlights will include Recaro sports seats with ‘exclusive’ upholstery and red stitching, a leather and Alcantara steering wheel and ‘red-ringed’ gauges – although it’s not clear whether these refer to the digital dashboard graphics, or the analog dials in the center of the dashboard.

But upgrades will come at a cost – Best car says the Z Nismo should cost around eight to nine million Japanese yen – a increase of about 25 to 40 percent on the standard Z, in premium form in Japan.

While a currency conversion would put the Nismo between $85,000 and $95,000 in Australia, applying the percentages to the standard price of $73,400 plus on-road costs in Australia could push the top end between $91,000 and $101,000 plus road costs.

Above: Spy photos of the mysterious Nissan Z prototype.

With on-road costs added, it could cost up to $110,000 by car – about $5,000 more than the most expensive Toyota GR Supra ($97,000 plus road costs, or about $105,000 by car).

Whereas Best car Citing a mid-2023 release date for the Nismo, it says long wait times for the standard model – which saw new orders in Japan halted in late July – could push back the launch.

He adds that some of the Z Nismo upgrades will be available separately to standard Z coupe buyers, as dealer-offered Nismo parts.

In the meantime, Nismo (Nissan Motorsports) is set to unveil a Nissan Z race car for competition in the GT4 series. Covers are intended for go out on wednesday.

Alex Misoyannis

Alex Misoyannis has been writing about cars since 2017, when he launched his own website, Redline. He contributed to Drive in 2018, before joining CarAdvice in 2019, becoming a regular contributing journalist on the press team in 2020. Cars have played a central role throughout Alex’s life, whether it’s about flipping through car magazines at a young age or growing up around performance. vehicles in a car-loving family.

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Daily Review, September 26: Pound Hits All-Time High; Central Bank of Malaysia announces new measures to combat scams; HK braces for increased travel after quarantine lifted Mon, 26 Sep 2022 12:35:00 +0000

Let’s catch up on the stories of the day.

The pound fell to a record low against the dollar on Monday (September 26th), sparking speculation of an emergency response from the Bank of England.

Fears that high interest rates could hurt growth also sent Asian stocks down to two-year lows, with stocks such as Australian miners and automakers in Japan and Korea hit hard.

The pound plunged nearly 5% at one point to break through 1985 lows and hit US$1.0327. The moves were exacerbated by weaker liquidity in the Asian session, but even after stumbling to US$1.05, the currency is still down around 7% in just two sessions.

Against the Singapore dollar, the pound fell 2.7% in early trading to hit 1.5111 Singapore dollars at 11:30 a.m. Monday.

The collapse of the pound came as markets around the world were swept up in fears of recession caused by a sharp tightening of monetary policy by central banks battling high inflation for decades.

Analysts at Japanese bank Nomura have predicted further difficulties for the pound and expect it to reach parity with the dollar by the end of November and then continue to decline.

Malaysia’s central bank has announced a series of additional security measures and features to curb the growing number of financial scams.

Measures include requiring banks to migrate one-time passwords via SMS to “more secure forms of authentication” for online activities and transactions, and a cooling-off period for first-time sign-ups to online banking.

Bank Negara Malaysia (BNM) Governor Nor Shamsiah Mohd acknowledged that the new measures would inevitably cause friction or inconvenience for customers, but stressed that they were necessary.

In 2019, a total of 13,703 scam cases were reported, with losses of RM539 million (US$117 million), and in 2020, this increased to 17,227 cases with losses of 511, 2 million RM.

Hong Kong is bracing for a surge in travel, with travel agencies reporting a 10-fold increase in demand.

The mandatory COVID-19 hotel quarantine for international arrivals was lifted on Monday for the first time in more than two and a half years. These arrivals could return home or seek accommodation of their choice, but had to self-monitor for three days upon entry.

Hong Kong’s Travel Industry Council expects outbound travel to increase by 50% in the coming months.

International aviation body IATA said the next step would be for Hong Kong to remove all COVID-19 measures.

NegOcc declares red alert, 2 LGUs suspend classes Sun, 25 Sep 2022 20:31:45 +0000


Low-lying areas of Cauayan in southern Negros were hit by flash floods due to monsoon rains. *Photo by Hinobaan Councilman Jason T. Tupas

Governor Eugenio Jose Lacson yesterday raised the alert status of all Local Disaster Risk Reduction Management Operations Centers in Negros Occidental to “red” due to Super Typhoon Karding (Noru).

Flights and sea travel from Bacolod to Manila, and vice versa, were also suspended yesterday because of Karding.

The Provincial Council for Risk Management and Disaster Reduction of Negros Occidental, in its special advisory on tropical cyclones, reported that the province is not directly affected by Super Typhoon Karding, however, classes at all levels in private and public schools in Hinobaan, Sipalay, Cauayan, Candoni, Binalbagan, Isabela, Moises Padilla, EB Magalona and the towns of Kabankalan, Ilog and Himamaylan were for September 26.

Mayor Gina Montilla-Lizares also ordered the suspension of K-12 classes, as well as the alternative learning system, in the city of Sipalay starting today.

Lizares revealed that the city of Sipalay is also experiencing moderate to heavy rains.

Hinobaan Mayor Daph Anthony Reliquias in Executive Order Number 32 today declared the cancellation of classes at Hinobaan, noting that severe weather conditions, heavy rains and high winds prevail in Hinobaan.

Flash floods reportedly hit low-lying areas of Caliling and Inayawan barangays in Cauayan, which were blamed on incessant rains from the southwest monsoon.

Additionally, EB Magalona has suspended work in government offices until further notice.

The Philippine Air Lines also canceled four flights – PR 2135/ PR 2136/ PR 2137/ PR 2138 – Manila-Bacolod-Manila, on September 25. At the same time, the Cebu Pacific Manila-Bacolod flight (5J-477) was also temporarily suspended yesterday.

In his published travel advisory, Commander Joe Luviz Mercurio of the Coast Guard Station of North Negros Occidental said that all vessel voyages en route to Batangas and Manila via BREDCO Port in Bacolod City have been suspended. starting September 25.

On the other hand, the Regional Council for Risk Management and Disaster Reduction 6 has raised its alert status to Red, due to Super Typhoon Karding and the Southwest Monsoon which is affecting the Western Visayas, including including Western Negros.

The Negros Occidental Provincial Risk Management and Disaster Reduction Council issued a special tropical cyclone advisory urging Negrenses to be vigilant for rain showers and isolated thunderstorms.

The PDRRMC has also advised various councils within the DRRMO to enhance their preparedness, for example by taking proactive and precautionary measures in the event of possible flooding, reviewing contingency plans and carrying out preventive or compulsory evacuation, if necessary.

On the other hand, Emergency Operations Center RDRRMC VI also said that Charlie protocol, or the highest Emergency Preparedness and Response (EPR) protocol, has been activated at Negros Occidental, Aklan, Antique, Iloilo and Guimaras, areas classified as high risk/sensitive. landslides and floods, based on data from the Bureau of Mines and Geosciences (MGB) VI.

He also advised the public to stay alert and watch for weather updates, and encouraged preemptive evacuation, as needed, especially in low-lying areas and those at high risk of landslides.*

Climate relief cannot wait for utopia Sun, 25 Sep 2022 10:30:00 +0000

Since the 1960s, fighting for the environment has often meant fighting against corporations. To fight pollution, activists have worked to thwart new oil drilling, coal-fired power plants, fracking for natural gas and oil pipelines. But today, Americans face a climate challenge that cannot be solved by simply saying no over and over again.

Decarbonizing the economy will require an unprecedented amount of new energy investment. Fossil fuel infrastructure built over centuries must be replaced over the coming decades with clean energy alternatives. The United States will have to build hundreds of thousands of square miles of wind and solar farms; deploy enough battery storage to keep power flowing through the grid even on calm, cloudy days; and at least double the capacity of the country’s transmission lines. And the same laws that environmental groups have used in the past to block or delay fossil fuel projects are now being exploited by NIMBYs in ways that, however well-intentioned, will slow the country’s transition to clean energy. . Windmills off Cape Cod, a geothermal facility in Nevada and what could have been America’s largest solar farm have all been stymied by an endless series of environmental reviews and lawsuits.

The good news is that with sensible reforms, the energy transition is within reach. Private investment in clean energy technologies is skyrocketing, and even Big Oil is beginning to realize that there is no future in fossil fuels.

But that may not be enough for some environmentalists. Jamie Henn, environmental activist and director of Fossil Free Media, recently said rolling stone“Look, I want to take carbon out of the atmosphere, but this is such an opportunity to remake our society. But if we just perpetuate the same misdeeds in a clean energy economy, and that’s just a world of Exxons and Elon Musks, oh man, what a nightmare. Many progressive commentators agree that tackling climate change requires a fundamental reorganization of the West’s political and economic systems.” level of disruption required to keep us below ‘absolutely catastrophic’ temperature is fundamentally, at a deep structural level, incompatible with the status quo,” writer Phil McDuff explained. The Climate Crisis, the climate crisis lawyer insisted Green New Deal Naomi Klein, ‘might be the best argument progressives have ever had’ to roll back corporate influence, tear up free trade deals and reinvest in public services and infrastructure.

Such comments raise a question: what is the real goal here: to stop climate change or to abolish capitalism? Taking climate change seriously as a global emergency requires an all-on-deck attitude and a recognition that technological solutions (yes, often built and deployed by private companies) can deliver real decarbonization progress before the proletariat seizes the means of production. A massive injection of private investment, made not for charitable purposes but in anticipation of future profits, is precisely what is needed to accelerate the transition to clean energy, which, like all revolutions, will yield unpredictable results. .

The belief that top-down decision makers can choreograph precisely how the clean energy revolution will unfold runs deep in progressive circles. In the manifesto outlining his version of the Green New Deal, Bernie Sanders said: “To achieve our goal of 100% sustainable energy, we will not rely on any false solutions such as nuclear, geo-engineering, capture and carbon sequestration or waste incinerators. Many environmental groups share the Vermont senator’s dislike of these technologies. But the climate emergency demands that we take a closer look at some of them before canceling them altogether. In the face of uncertainty about the best path to decarbonization, policymakers should think like a venture capitalist, placing many bets in the hope that some technologies will fail but the investment portfolio will succeed in its own right. together. The “false solutions” denounced by Sanders could indeed prove to be unachievable. Nuclear energy may never be cost-competitive and geo-engineering may prove technically unfeasible. But we cannot know in advance.

Environmental activists have always been skeptical of nuclear power, but that attitude may be changing. California reversed its decision to shut down the Diablo Canyon plant and Japan announced plans to resume investing in nuclear power, an outcome few expected after Fukushima. This is good news, given that, per unit of electricity generated, nuclear power causes fewer deaths than wind power and creates less carbon emissions than solar (and waste concerns are exaggerated). However, a major barrier to deployment remains: unlike solar and wind, which have seen dramatic cost declines, the construction costs of nuclear power plants have actually increased over time. While this means the current generation of nuclear technology is unlikely to be a major climate tool, advanced nuclear systems such as small modular reactors hold great promise. The potential climate benefits of cost-effective nuclear fission or even nuclear fusion are so great that they are worth strategic bets, even in the long term.

Some forms of geoengineering, such as carbon dioxide removal, would require massive cost reductions to be viable as a climate solution. But the same was true for solar and wind decades ago, and the government was able to accelerate the learning curve in these areas by being an early source of demand and reducing direct costs to consumers. Many progressive environmentalists feel uncomfortable with technologies that lessen the climate impact of fossil fuels rather than banishing them altogether. And yet, we need such options. Some major industries, such as aviation and cement and steel production, will be difficult to decarbonise, and we are already likely to exceed the target of limiting warming to 1.5°C above pre-industrial levels. . The only way to permanently reverse this warming will be to suck the carbon straight out of the atmosphere. More traditional carbon capture and sequestration methods, designed to capture greenhouse gases when they are generated by large sources of pollution, are less promising than carbon dioxide removal since they leave usually residual emissions, but they are certainly better than unmitigated. the use of fossil fuels.

In various other ways, Americans will have to choose between the perfect and the good. Some environmentalists are skeptical of geothermal energy, which requires extensive drilling. Still, it has high potential as a clean baseload power source with a small geographic footprint that can, in theory, be deployed anywhere in the world (if you drill deep enough). One way to accelerate investments in geothermal energy would be to give this clean technology the same expedited permit that oil and gas companies already receive for leases on federal lands.

Yet allowing reform requires a relaxation of regulations and laws dear to many environmentalists. The National Environmental Policy Act mandates reviews that give enormous power to anyone who wants to block or delay a proposed energy project, either out of genuine social concern or self-interest. In practice, this is a major bottleneck for building clean energy infrastructure. According to an analysis of government data by the R Street Institute, 65% of energy projects classified as “in progress” or “planned” are related to renewable energy, and 16% relate to electricity transmission. And nearly 20 times more offshore wind power is locked in licensing than is currently in operation or under construction. U.S. climate spending could exceed more than half a trillion dollars by the end of this decade, but without enabling reform, those investments won’t translate into much physical infrastructure. A new permit reform measure proposed by Sen. Joe Manchin of West Virginia has drawn criticism for accelerating some specific fossil fuel projects, such as the controversial Mountain Valley Pipeline, but in general, clean energy infrastructure has much more to gain. to fossil fuels by streamlining permits, because there is still a lot to build.

None of this means that the United States should let the energy market go wild. On the contrary, the federal government will have to be rigorous to ensure that technologies such as carbon dioxide removal actually deliver on their promises (unlike carbon offsets – a sketchy market rife with fraud and greenwashing). And public investment in clean technologies has already played a vital role in reducing the costs of solar and wind energy as well as batteries.

Yet we cannot succeed in the fight against global warming without giving many alternatives to the status quo the opportunity to evolve and prove themselves. In reality, the false solution to climate change is not geoengineering or nuclear energy, it is the belief that we can only decarbonize the economy by disrupting our economic system, by outright rejecting certain technologies and by rejecting private investment.

Filmmaker Taymor is president of the Tokyo International Filmfest jury | The Guardian Nigeria News Sun, 25 Sep 2022 02:27:00 +0000

The organizers of the 2022 Tokyo International Film Festival have named renowned opera and film director Julie Taymor as the jury president for the 35th TIFF International Competition. Taymor has gained worldwide recognition through his work, such as the musical The Lion King, which played continuously for 25 years in over 100 cities in 20 countries, and the acclaimed films Titus (1999), Frida (2002), Across the Universe (2007) and Les Gloria (2020). Taymor will be the second woman head of jury in a row, after Isabelle Huppert, last year. The other four members of the jury would be named later. They will evaluate the 15 films selected for the Competition section from around the world. TIFF President Ando Hiroyasu, expressed his delight that Taymor had accepted the invitation, “Ms. Taymor has made not only musical theater but also many excellent films. She has a particularly strong connection to Japan, having studied traditional Ningyo Joruri puppet theater here as a student and later applying it to her own works.

She is also a big fan of Kurosawa Akira and is the perfect candidate for Jury Chair this year as we relaunch the Kurosawa Akira Award. For Julie Taymor, it is such an honor to be named president of the jury of such a prestigious festival as TIFF. “The arts are the beacon that brings us out of chaos, paving the way. In a dark theater, the images that shimmer before us draw us both deep into and also out of ourselves, our isolated and unique selves. Hang on to movie theatres, those palaces that bring us together to cross the boundaries of what we don’t know at all, what we think we know and what we have personally experienced. Become the life and loves of others and let them inspire and torment you. It is a great honor to come to Japan to preside over the international competition jury for the 35th TIFF,” she said. The 35th TIFF will feature physical screenings and a variety of related events in the Hibiya-Yurakucho-Marunouchi-Ginza district of Tokyo from October 24 to November 2, 2022. For the first time in three years, the 10-day festival will will open with a red carpet event.

… unveils the full range
The organizers of the Tokyo International Film Festival (TIFF) have unveiled the full line-up and other highlights for its 35th edition at a press conference held at Tokyo Midtown Hibiya, one of the festival’s main venues. The 35th TIFF will feature physical screenings and a variety of related events in the Hibiya-Yurakucho-Marunouchi-Ginza district of Tokyo from October 24 to November 2, 2022. For the first time in three years, the 10-day festival will will open with a red carpet event. There will be a TIFF show featuring discussion sessions between leading authors from Asia and beyond, co-presented for the third year by the Japan Foundation and TIFF. There will also be panel discussions related to the Super Sentai tokusatsu franchise, special discussion sessions by creative force Kawamura Genki, and a TIFF Teens anniversary session with key writers who have served as mentors over the past five years. Alongside the screening of Klondike (Ukraine, Turkey) by Maryna Er Gorbach, in the World Focus section, TIFF will collect contributions for Ukraine in theaters. The 35th TIFF will be held from October 24 to November 2, 2022 in the Hibiya-Yurakucho-Marunouchi-Ginza area and other locations in Tokyo. Complete program of the 35th TIFF:

Berlinale World Cinema Fund: WCF Europe Funding Recommendations
THE Berlinale World Cinema held its final jury meeting which resulted in three funding recommendations for the WCF Europe program. According to the WCF Secretariat, a total of 216 projects from 55 countries applied for the current funding round – including the funding recommendations already announced. The recommendations now include funds totaling €449,000. The members of the WCF juries are documentary film producer and documentary creation consultant Marta Andreu (Spain), producer Zsuzsanna Kiràly (Germany / Austria), film specialist and curator Viola Shafik (Germany / Egypt), producer, director of the pan-African film festival FESPACO and the Berlin Afrikamera festival, Alex Moussa Sawadogo (Burkina Faso), Berlinale delegate for sub-Saharan Africa Dorothee Wenner (Germany) and Vincenzo Bugno (Italy/Germany), the head of the WCF. Funding recommendations WCF Europe went to El Castillo, director: Martín Benchimol (Argentina). Production: Gema Films (Argentina), Gema Juárez Allen and Sister Productions (France), Julie Paratian. Documentary form. Funding: €25,000. The second funding recommendation went to Crocodile Tears, director: Tumpal Tampubolon (Indonesia). Production: Tanakhir Film (Indonesia), Mandy Marahimin, 2Pilots Filmproduktion GmbH (Germany), Harry Flöter and Acrobates Films (France), Claire Lajoumard. Feature film. Funding: €40,000. The project was also presented to the “Talent Project Market” in 2022. The third funding recommendation went to Hijo Mayor, director: Cecilia Kang (Argentina). Production: Tarea Fina (Argentina), Juan Pablo Miller and In Vivo Films (France), Claire Charles-Gervais. Feature film. Funding: €40,000

Predatory payday loan companies and fraudsters thrive amid uneven laws and stolen data, new BBB research finds Sat, 24 Sep 2022 13:52:30 +0000

As consumers lost their jobs and struggled to make ends meet during the COVID-19 pandemic, many have turned to payday loans and other short-term solutions, with an increase in solutions in line. This has not only allowed predatory lenders to thrive – many borrowers still face exorbitant interest rates and opaque fees – but has also created a fertile environment for scam artists, according to a new in-depth study from the Better Business Bureau. (BBB).

Payday loan laws are managed from state to state among the 32 states in which they are available, and a complex web of regulations makes the impact of the industry in the United States and Canada difficult to understand. follow. The BBB study, however, finds a common thread in the triple-digit interest rates that many of these loans carry – camouflaged by interest compounded weekly or monthly, rather than annually, as well as significant rollover fees.

From 2019 to July 2022, BBB received nearly 3,000 customer complaints about payday loan companies, with a disputed dollar amount of nearly $3 million. In addition, over 117,000 complaints have been filed against debt collection companies at BBB. Complainants often said they felt ill-informed about the terms of their loans. Many fall into what consumer advocates call a “debt trap” of racking up interest and fees that can force customers to pay double the amount originally borrowed.

The scammers haven’t missed an opportunity to take advantage of consumers either, with BBB Scam Tracker receiving over 7,000 reports of loan and debt collection scams representing around $4.1 million in losses.

Posing as payday loan companies and debt collectors, scammers use stolen information to trick consumers into handing over banking information and cash. In one case, BBB discovered that hackers had stolen and released detailed personal and financial data for more than 200,000 consumers. News reports indicate that this is not an isolated incident.

Regulators at the federal level have passed tougher laws to combat predatory lending, but those regulations have been rolled back in recent years, leaving states to set their own rules on interest rate caps and other aspects of lending. on salary. More than a dozen states introduced legislation last year to regulate payday loans, but the landscape of legally operating payday lenders remains inconsistent across states.

Currently, payday loans are not allowed in 18 states, according to Pew Charitable Trust. In addition, the Military Loans Act sets a rate of 36% on certain payday loans. When it comes to fraudulent behavior, law enforcement is limited in what they can do to prosecute payday loan scams. Some legal payday lenders have attempted to prevent scams by educating consumers about the ways in which they will or will not contact borrowers.

The BBB study advises consumers to thoroughly research all of their borrowing options — as well as the terms of a payday loan — before signing anything for a short-term loan. The study also includes recommendations for regulators:

  • Cap consumer loans at 36%
  • Educate more people about no-cost extended repayment plans
  • Require lenders to test whether consumers can repay their loans
  • Require Zelle, Venmo, and other payment services to offer refunds for fraud

Where to report a payday loan scam or file a complaint:

  • Federal Trade Commission (FTC) –
  • State attorneys general can often help. Find your state attorney general’s website to see if you can file online.
  • If you have an overdue payment on a payday loan, the Consumer Financial Protection Bureau may have resources to help you establish a payment plan.

Find more information about this study and other BBB scam studies at

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Japan Highlights – KESQ Fri, 23 Sep 2022 21:04:53 +0000

CNN Editorial Research

Here’s a look at Japan, a country of islands off the eastern coast of mainland Asia.

About Japan

(from the CIA World Fact Book)
Area: 377,915 km²

Population: 124,214,766 (2022 est.)

Middle age: 48.6 years (2020 estimate)

Capital: Tokyo

Ethnic groups: Japanese 97.9%, Chinese 0.6%, Korean 0.4%, other 1.1%

Religion: Shintoism 70.5%, Buddhism 67.2%, Christianity 1.5%, other 5.9% (many practice both Shintoism and Buddhism)

Unemployment: 2.36% (2019 estimate)

Other facts

Japan is a parliamentary democracy with a constitutional monarchy.

Four major islands: Hokkaido, Honshu, Shikoku and Kyushu, account for approximately 98% of the country’s land area.

Japanese society dates back to the Jomon period around 300 BC.

After an economic boom after The Second World WarJapan has been mired in stagnation and deflation since the 1990s.


1185-mid-1800 – Japan is governed under the feudal system of shogun (military commanders); the emperors of Japan were figureheads.

1868 – The Meiji Restoration, when Japan returned to direct imperial rule which began around 660 BC.

1868-1890 – The modernization of Japan, the formation of political parties, the national assembly, the cabinet and the constitution.

1894-1895 – China and Japan are engaged in a nine-month war. Japan wins, China abandons Taiwan.

1904 – Russia and Japan goes to war. The war is over in 1905, Japan wins.

1914-1918 – During First World WarJapan enters the side of the allies and gains territory in the Pacific at the end of the war.

July 1937 – Japan invades China. The conflict continues through The Second World Warending with the Japanese defeat in 1945.

December 7, 1941 – Japan attacks Pearl Harbor in Hawaii, hoping to destroy the US Pacific Fleet.

August 6, 1945 – The first atomic bomb is dropped on Hiroshima.

August 9, 1945 – A second atomic bomb is dropped on Nagasaki.

August 14, 1945 – VJ day. Japan agrees to end the war.

September 2, 1945 – Japan signs formal surrender aboard USS Missouri in Tokyo Bay.

[1945-1952–[1945-1952–The Occupation of Japan. The country is under the control of the allied nations, the United States, Great Britain, China and the Soviet Union.

1956 – joined the The United Nations.

1964 – Tokyo hosts the Summer Olympics.

1972 – The Winter Olympics will take place in Sapporo, Hokkaido Prefecture, Japan.

January 7, 1989 – Akihito becomes emperor after Hirohito’s death.

1993 – Chief Cabinet Secretary Yohei Kono issues statement which accepts Japan’s responsibility for recruiting comfort women before and during the Second World War and offers “sincere apologies and remorse”.

January 1995 – The magnitude 6.9 Kobe earthquake occurs, where 5,502 people were killed and 36,896 people were injured.

March 1995 – A religious cult spreads sarin, a nerve gas, in the Tokyo subway. Twelve people are killed and more than 5,000 are sick.

1998 – Nagano hosts the Winter Olympics.

2002 – Co-facilitates the world Cup with South Korea.

2006 – The first ministry of defense since World War II is approved by parliament.

March 11, 2011 – A magnitude of 9.1 earthquake takes place 231 miles northeast of Tokyo. The earthquake causes a tsunami with 30-foot waves damaging several nuclear reactors in the area. The combined total of confirmed deaths and missing is over 22,000 (nearly 20,000 dead and 2,500 missing). (Source: Japan Fire and Disaster Management Agency)

April 2012 – Shintaro Ishihara, the governor of Tokyo, is launching an online appeal fund to buy a group of islands in the East China Sea claimed by Japan, China and Taiwan. The uninhabited islands, known in Japan as Senkaku and in China as Diaoyu, are at the heart of a bitter diplomatic dispute between Japan and China.

September 7, 2013 – east tokyo chosen by the International Olympic Committee to host the 2020 summer games.

July 1, 2014 – Prime Minister Shinzo Abe announces that his cabinet approved a defense policy that takes a liberal view of the constitution, allowing Japanese involvement in the defense of its allies. Previously, the Japan Self-Defense Forces (SDF) could only act if Japan itself was directly threatened.

December 14, 2014 – In Japan’s snap general election, exit polls show Abe’s Liberal Democratic Party winning a landslide victory. The victory gives Abe four more years to put in place his policies aimed at reviving Japan’s economy by flooding the market with liquidity, encouraging businesses to create more jobs and increasing government spending.

September 19, 2015 – Japan’s upper house of parliament approves controversial bills allowing the country’s military to engage in overseas combat in limited circumstances — a major change after seven decades of pacifism. The 148-90 vote is the final hurdle for the measures, which will come into effect in the next six months or so.

December 28, 2015 – Japan and South Korea announce that a an agreement was reached on the long-standing issue of “comfort women”, a term that describes sex slaves used by the Japanese military during World War II. Japanese Foreign Minister Fumio Kishida said his government would donate 1 billion yen ($8.3 million) to a fund to help those who have suffered.

June 9, 2017 – Japan’s parliament passes historic bill that will Emperor Akihito at become the first Japanese monarch to abdicate in 200 years.

December 1, 2017 – Abe announces that Emperor Akihito retire April 30, 2019. Crown Prince Naruhitowho has already assumed some of his father’s duties, will assume the role on May 1, 2019, becoming the 126th emperor to ascend the Chrysanthemum Throne of Japan.

July 2018 – At least 220 people are killed when heavy rains cause flooding and landslides across southwestern Japan (source: Japan Fire and Disaster Management Agency). It is one of the deadliest natural disasters to hit the country since the 2011 earthquake and tsunami.

April 30, 2019 – Emperor Akihito formally abdicates at a ceremony in Tokyo. He will henceforth be known as Emperor Emeritus Akihito. The next day, Crown Prince Naruhito ascends the Chrysanthemum Throne. Naruhito’s rise marks the beginning of the “Reiwa” era.

July 18, 2019 – At least 34 people die after a man burns down a renowned animation studio in Kyoto. The suspect, Shinji Aoba, is injured in the attack. It is the worst massacre in the country for almost 20 years.

July 22, 2019 – abe declares victory in Japan’s national elections after polls indicated his party won a majority of seats in the upper house of parliament.

November 23, 2019 – Pope Francis begins a four-day tour of Japan. The trip is only the second papal visit to Japan and the first in nearly four decades.

March 24, 2020 – Abe and the IOC agree to postpone the Olympics to 2021Due to coronavirus epidemic. It is also announced that the event will still be called Tokyo 2020 despite the postponement.

July 29, 2020 – A Japanese court recognizes dozens of victims of the radioactive “black rain” as survivors of the atomic bombing of Hiroshimapaving the way for them to receive medical benefits just days before the 75th anniversary of the attack.

August 28, 2020 – Abe resigns as Prime Minister, citing health reasons.

September 16, 2020 Yoshihide Suga is elected prime minister following a vote in the country’s parliament.

October 4, 2021 – Kishida, leader of the Liberal Democratic Party (LDP), takes office as the country’s new Prime Minister.

July 8, 2022 – Abe dies after being shot during a campaign speech in Nara.

September 22, 2022 – Marking a major policy shift, Kishida announces Japan lifts Covid-19 travel restrictions and reopens the door to mass tourism. “We will lift the cap on the number of in-bounds to Japan, lift the ban on individual travel, and lift the ban on visa-free travel.”

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Kyodo News Digest: September 23, 2022 Fri, 23 Sep 2022 06:32:56 +0000

People hold a rally against the September 27 state funeral for former Japanese Prime Minister Shinzo Abe killed on September 22, 2022 in Kyoto, western Japan. (Kyōdo) == Kyōdo

Here is the latest list of news digests selected by Kyodo News.


Rare footage from The Beatles’ iconic 1966 visit to Japan will be screened

NAGOYA — Rare footage from the Beatles’ 1966 visit to Japan recorded by police will be released on Saturday after a legal battle over the release of the video documenting the legendary rock band’s iconic journey.

Footage from the band’s first visit to Japan will finally be seen, albeit with the faces of fans and masked police, after a Nagoya-based nonprofit organization lost a lawsuit seeking the release of the uncensored footage.


Japan, US, South Korea oppose status quo change amid Taiwan tension

NEW YORK — Top diplomats from Japan, the United States and South Korea said Thursday they oppose any attempt to change the territories’ status quo by force amid growing assertiveness of the China in the Asia-Pacific region, while showing their determination to respond resolutely to any nuclear test by North Korea.

Japanese Foreign Minister Yoshimasa Hayashi, US Secretary of State Antony Blinken and South Korean Foreign Minister Park Jin met in New York on the sidelines of the annual session of the United Nations General Assembly United. It came amid fears that North Korea could carry out its first nuclear test in years.


US, Filipino leaders affirm freedom of navigation in South China Sea

NEW YORK — U.S. President Joe Biden and his Philippine counterpart Ferdinand Marcos Jr. on Thursday affirmed their support for freedom of navigation in the South China Sea, where Manila has overlapping territorial claims with Beijing, according to the White House.

Marcos took office in June, succeeding Rodrigo Duterte, whose foreign policy was largely defined by his pivot to China. The Biden administration apparently hopes to improve ties with the Southeast Asian nation’s new leader to better counter Beijing.


Young women in Japan want fewer than 2 children, the 1st time since 1940

TOKYO – Most young women in Japan who hope to marry want only one child or none at all, the first time in post-war history that the average number of desired births has fallen below two, according to a survey, adding to concern about the country’s aging population.

The National Institute for Population and Social Security Research also found in the survey conducted in 2021 that interest in marriage has declined significantly among young adults since its last survey in 2015, although more than 80% still wanted to get married.


FEATURE: Iidabii proves to be an unlikely savior for those suffering from religious abuse

OSAKA – It took more than a decade for iidabii to reach a point where he could create performances about his painful experiences with his mother and his strict beliefs as a Jehovah’s Witness.

Before turning into a rapper and slam poet, he started street performances at the age of 15, around the time he had an irreparable break with his mother who vehemently opposed his artistic activities. .


US, Japan and others to boost climate and technical support to Pacific Islands

NEW YORK — The United States, Japan and other U.S. allies and partners pledged Thursday to strengthen support for Pacific island nations in areas including climate change and technology infrastructure. news amid China’s growing influence in the region.

The deal was struck as members of the Partners in the Blue Pacific initiative, launched in June with participation from Britain, Australia and New Zealand, gathered for their first meeting Ministry of Foreign Affairs.


FOCUS: Japan’s intervention should not stem the fall of the yen

TOKYO – Japan’s monetary intervention is likely to prove ineffective in reversing the yen’s underlying weakness against the US dollar, even as its first attempt in 24 years in the foreign exchange market to bolster its currency took immediate effect.

The dollar briefly dipped below 141 yen from a 24-year high near 146 yen on Thursday after the government intervened in the market to stem the yen’s slide. The stock took the market somewhat by surprise, although Finance Minister Shunichi Suzuki’s repeated warnings of the yen’s recent rapid decline to a 24-year low against the US currency had made the market jittery. said Masahiro Yamaguchi, head of investment research at SMBC Trust. Bank.


Kishida introduces Japan’s permanent investment tax relief to the New York Stock Exchange

NEW YORK — Prime Minister Fumio Kishida on Thursday unveiled a plan to make Japan’s system of tax breaks for small-lot investments a permanent program aimed at attracting more individual assets to the markets.

It is ‘essential’ to establish a permanent system of tax exemption for investment income, Kishida said in a speech at the New York Stock Exchange, the world’s largest stock exchange, to encourage more investment foreigners in Japan.