TyB
Japan's Kishida Negative about Change to Gasoline Tax
Japanese Prime Minister Fumio Kishida on Thursday rejected the idea of scrapping the provisional additional levy on gasoline proposed by some opposition parties. “We're not considering changing the treatment" of gasoline tax, Kishida told a plenary meeting of the House of Councillors, the upper chamber of the Diet, Japan's parliament, responding to questions on his policy speech delivered Monday. He also said that the government and the ruling Liberal Democratic Party should discuss a proposed revision of the law that governs Nippon Telegraph and Telephone Corp. while paying attention to how to ensure economic security. Kishida ruled out the possibility of reviving tax breaks for families with children under 16 to support child-rearing families. He refused a demand for deeper probes into the relationship between the LDP and the controversial religious group known as the Unification Church, including their past ties.
https://jen.jiji.com/jc/eng?g=eco&k=2023102601041
Czech AF CEF03 A319 on ground at Rzsesow Airport Poland from Prague depart
Yields Slide After Stellar 7Y Auction With Highest Bid-To-Cover Since March 2020
(Unlike the 5y yesterday the Primary Dealers had to take 11% instead of the 19% of the 5y so the message was sent “we need to get yields down so you fuggers want this shit show to continue?…step up)
After two ugly auctions, at 1pm ET the Treasury concluded the week's coupon issuance with the sale of $38BN in 7 year paper in what was actually a rather recent auction.
The high yield of 4.908% was above last month's 4.673% and was the highest on record, but more importantly it stopped through the When Issued 4.910% by 0.2bps, a reversal of last month's modest 0.3bps tail.
The bid to cover of 2.704 was a solid improvement to last month's 2.465 and was the highest going back to the March 2020 bond market rollercoaster. The internals were also solid with Indirects awarded 70.6%, just above the recent average of 70.4%, and with Directs taking down 18.4%, Dealers were left holding just 11.0% below the 6-auction average of 12.0%. The strong auction took the market, which has gotten used to expecting fire and brimstone on every auction day, by surprise and pushed 10Y yields down to session lows around 4.86%, down more than 10bps from the session highs hit earlier in the session.
https://www.zerohedge.com/markets/yields-slide-after-stellar-7y-auction-highest-bid-cover-march-2020
“This is a coup d’etat”
Japanese institute: Nuclear fusion facility succeeds in forming 'plasma'
An institute in Japan says it has succeeded in forming a state of matter called "plasma," which plays a key role in nuclear fusion reactions. This could be a breakthrough toward achieving a next-generation energy source.
The National Institutes for Quantum Science and Technology made the announcement on Tuesday.
Nuclear fusion occurs inside the Sun's core. Making it happen artificially could lead to the production of massive amounts of energy.
It would be a next-generation energy source that emits no carbon dioxide and generates no high-level radioactive waste. The institute says it succeeded in forming the "plasma" at a large-scale nuclear fusion experiment facility called JT-60SA, in Ibaraki Prefecture, north of Tokyo. The facility was jointly built by Japan and the European Union at a cost of more than 65 billion yen, or about 435 million dollars. The facility is aimed at verifying technology that generates high-temperature and high-pressure "plasma," which is crucial in creating a nuclear fusion reaction and maintaining it for a certain period. The institute says the facility started full-fledged operation in May. On Monday afternoon, it succeeded in forming "plasma" for the first time.
To achieve nuclear fusion, "plasma" needs to reach a temperature of more than 100 million degrees Celsius, and have nuclei collide at speeds of 1,000 kilometers per second. The institute says that, at this point, scientists can only create a "plasma" temperature of 10 million degrees.
The institute aims to gain the technology necessary to maintain "plasma" at 100 million degrees Celsius for 100 seconds within about five years. It says it wants to use the insights gained from the experiments for an international joint mega science project whose participants include Japan and the EU. It also wants to realize nuclear fusion power generation, which the Japanese government aims to realize by around 2050.
https://www3.nhk.or.jp/nhkworld/en/news/20231024_33/
>>19806421 PF report: Czech AF in at Rzsesow
>>19806734 mktfag: Yields Slide After Stellar 7Y Auction With Highest Bid-To-Cover Since March 2020
Ain’t no one gonna make it easier
Only you can figure it out for yourself
No one understands it all and anyone that sez they do is blowing smoke up own ass
Western Digital, Japan's Kioxia call off merger talks- Nikkei
Western Digital Corp (WDC.O) and Japan's Kioxia Holdings have broken off talks to create one of the world's biggest chipmakers, the Nikkei newspaper reported on Thursday.
The companies were also unable to agree on conditions with top Kioxia shareholder Bain Capital, the report added.
South Korea's SK Hynix (000660.KS) - a major Kioxia investor and rival to both the U.S. and Japanese companies - said on Thursday it does not back the deal due to its impact on SK Hynix's investment asset value. Combining their flash memory businesses could mean they would control a third of the global NAND flash market, on par with top player Samsung Electronics (005930.KS), and threaten the position of SK Hynix, the world's No. 3 maker of NAND flash memory.
Western Digital, Kioxia and Bain Capital did not respond to Reuters' requests for comment.
Shares of Western Digital plunged 11.2% on the news.
The companies were pursuing a merger in the face of a global chip glut and weak demand for flash memory chips, which have increased pressure on chipmakers to consolidate.
Kioxia and Western Digital have held merger talks since 2021 but the negotiations have often stalled over a series of issues, including valuation discrepancies.
https://www.reuters.com/markets/deals/western-digital-japans-kioxia-call-off-merger-talks-nikkei-says-2023-10-26/
>Bain Capital
It went from 80/20 to 60/40 and that took some arguing
Grateful for info I have learned but each person needs to do it fo theyselves
Can’t spoon feed everyone
Ty. B
Ttyl