Japan committed to monetary easing in light of the yen’s decline

Japan committed to monetary easing in light of the yen’s decline to its lowest level in 32 years.


Bank of Japan Governor Haruhiko Kuroda said during his meeting at a symposium on Saturday
that his country is committed to further monetary easing and that the situation has not changed.
He added that the Bank of Japan continues its policy to significantly support the economy
and also to ensure shifting standards and reaching the goal of stable prices.
This comes at a time when the Japanese yen is falling to its lowest level in 32 years.




falling yen

BMW and a new blow to Britain moving

Piracy threatens the cryptocurrency industry







falling yen


The currency is still in continuous decline after witnessing a turbulent week,
after the low-interest decisions and keeping them,
which leads to the further weakening of the currency significantly,
and expectations also indicate that the authorities will intervene to support the country’s currency
after a similar decision was mentioned in a month last August

The yen fell against the US dollar at the end of last week’s trading to 148.85,
its weakest level since 1990, in August, amid rising voices expecting firm intervention
at any time by the authorities in the market.


high inflation


Inflation in Japan a major indicator rose to 2.8% and is considered
the weakest between the United States and Europe as well,
and this level is still the highest in 31 years,
this would increase the fears of families who are highly accustomed to sustainable deflation for long periods,
and the head of the Central Bank of Japan was He stressed the need to change the culture
and mentality of the Japanese about high prices, in reference also to the high basic salaries.

The markets are awaiting the Central Bank of Japan’s decision on monetary policy scheduled for October 28,
while observers believe that there is no intention to tighten monetary policy the current governor of the Bank
until after the end of his current term in April of next year,
as Kuroda added that Epidemic recovery needs support through monetary easing.


artıcle name Japan committed to monetary easing in light of the yen’s decline






BMW and a new blow to Britain moving

its production of the electric car “Mini” in China.

In a new step, the giant car maker, BMW,
decided to cancel any production of mini-electric cars in Britain
and move production to China,
thus dealing a strong blow to the car conversion industry within the United Kingdom,
which is trying to add batteries.



This decision came after the partnership it signed with the Great Wall Motor Company to benefit
from the electric hatchback car industry as well as small SUVs in China,
even though the factory for mini cars located near Oxford in England will restart work again.
In the manufacture of convertible cars, with the beginning of 2025,
the company announced the start of the manufacture of its electric cars,
specifically, the “Mini” model, starting in 2023.



Declining battery production


Although the United Kingdom is the home country for the manufacture of the first electric car
and in large quantities also in the continent of Europe,
it has lagged significantly from the rest of the countries in the development of battery manufacturing as well as electric vehicles,
as reports stated that a company such as “British Volt” is a company seeking to the battery industry
with a government pledge to finance it,
while some negotiations are underway to sell the current site of its factory that manufactures battery cells.



BMW and Mercedes withdraw from a car rental


Last May, the two leading companies, BMW and Mercedes,
in the automotive industry decided to rent their car to the residents,
and the bill would be paid by the minute.
That car is available to consumers in all urban areas,
but now this last chapter of it has been closed,
and these changes came in light of the fierce competition from the electric car giant “Tesla”,
while the two companies are currently seeking to transform their dependence on electric batteries
and focus heavily on selling luxury cars such as The BMW 8 class,
whose price is now 85 thousand dollars,
as well as the car “Mercedes S”, and the price of 111,000 dollars.


artıcle name Japan committed to monetary easing in light of the yen’s decline








Piracy threatens the cryptocurrency industry

and the theft of an estimated 3 billion dollars in 2022 only.


Chain Analysis, a specialist in (Bookchin),
stated that approximately $718 million was hacked in October alone.
It seems disastrous. The bottom line is not to use the central broker,
which leaves an opportunity for pirates to enter in disguise.
Decentralized financing protocols publish algorithms based on the program so
that traders and investors can borrow and trade,
which would weaken the security of currencies, as not using a central broker
as we mentioned makes it easy for the thief to hide and frown.



This October 2022 witnessed the most thefts,

as reported by Chain Analysys in a tweet on her Twitter account.
She also indicated the weakness of bridges between several Bookchains
exploited by hackers and affecting the weak security of the network.
Pirates have become more cunning and fully aware of security weaknesses
and the structure of the central market,
which constitutes a great burden on currency operators,
in addition to their inability to stop decentralized financing,
which is one of the conditions for currency adoption.



As it became noticeable in the countries themselves,
they became the sponsors of hackers in groups that carried out more than one piracy operation this year,
which (Chen’s Analysys) proved to be affiliated with the North Korean state.



While some decentralized finance platforms have become the target of all state-backed hackers.

Earlier this year, an estimated $1 billion, Chain Analysis estimated that
North Korean groups had stolen nearly $1 billion in cryptocurrency from decentralized finance protocols.


One of the most important thefts that took place during the previous time is the hacking of (Nancy Quinn),
of which about 570 million dollars were minted and it was hacked,
and the two questions about the currency could only import 100 million,
and about 100 million dollars were also stolen,
which was hacked The way to manipulate the price of the currency
through decentralized financing through the Mango service.



artıcle name Japan committed to monetary easing in light of the yen’s decline




The energy crisis in automotive

The energy crisis in automotive


The energy crisis in automotive, Various EU countries have been affected by this energy crisis,
especially in the automotive industry.

We cannot deny that a large part of the European economy depends on mechanization and industry,
especially the automotive industry, by the harsh winter, the scale of the problems will worsen,
prompting governments to intervene and try to control the situation,
especially since suppliers linked to schedules that they may not be able to meet them are the most affected.





The market has been greatly affected and signs of higher auto parts prices have begun,
perhaps in the turbulent supply market due to these crises,
where the automotive industry market in Europe is expected to decline significantly,
which may reach one million cars in three months by the end of the year.
It is expected to continue during the new year, as suppliers are significantly affected by the rise in energy costs


As we mentioned, the supply shortage, which has led to a significant decline in auto parts,
will put significant weight on manufacturers from the beginning of November until mid-2023.
By winter, the flow of energy to factories may stop, S&P Global Mobility said in its report on
Tuesday, expecting that European factories based in Europe will produce between 4 to 4.5 million cars in the quarter of the year.
If energy restrictions are imposed, auto production could be affected and drop to 2.8 million per quarter,
losing between 4.8 million and 6.8 million units per year.


Despite this, there has been a glimmer of hope for Mercedes-Benz,
which announced good increases in sales during the third quarter of more than a fifth in conjunction with inflation.
Despite deteriorating economic expectations and supply problems,
Germany and the Czech Republic have advanced at a time of suffering from Belgian, Spanish, and Italian factories,
which have reached minimum energy self-sufficiency. Germany had another



also BMW confirmed the stability of its quarterly sales compared to last year at less than 588,000 cars.

Mercedes said in a statement that global demand for its car remains very strong despite uncertainty in its neighbour’s energy supply.
It also mentioned a significant recovery in the electric car industry, where deliveries doubled to almost 30,000 cars.

While many automakers continue to report strong demand,
consumer confidence measures in key markets are near record lows amid rising inflation,
and central banks in Europe, the UK, and the US are raising interest rates to tame higher prices,
moves that would reduce demand for large purchase items such as cars.



delivered about 517,800 vehicles globally in the third quarter, estimated to increase by about 21%,
compared to the same period last year with strong demand growth in China leading all major regions,
Mercedes said Tuesday. In Europe, where double power bills affect buyers,
Despite semiconductor shortages, deliveries have risen by about 18%. This is due to the fact that production has been hampered by these shortages.
However, despite this hindrance, companies have still managed to increase their output.
This is a positive sign for investors and traders as it shows that companies are still able to meet demand despite challenges.
The partner still fulfils its orders maintaining its reputation and defying all obstacles.