Anonymous ID: df7c81 May 26, 2019, 6:43 p.m. No.6597646   🗄️.is đź”—kun

>>6597602

have read that covering those tattoo's will be making a comeback. It became relaxed over the last decade or so and moar so for western travelers.This in response to the upcoming olympics in 2020 In some cases you are not allowed to use the onsens or public baths without covering them.

Anonymous ID: df7c81 May 26, 2019, 7:21 p.m. No.6597955   🗄️.is đź”—kun   >>7969 >>8116 >>8257

Toyota to build factory in Myanmar

 

Toyota Motor Corp. is planning to build an automobile factory in Myanmar, The Yomiuri Shimbun has learned.

 

An official announcement could come before the end of the month, with construction on the plant to start this year.

 

The plant would be located in the Thilawa Special Economic Zone (see below) on the outskirts of Yangon and would assemble pickup trucks through so-called knockdown production, in which parts imported from Japan and other nearby nations are put together at the new plant.

 

Myanmar has a population of about 50 million people, on par with South Korea and Spain. It is also a young nation, with an average age of 27.9. While it is one of the poorest countries in Asia, it has seen strong economic growth recently and is expected to grow at annual rates of 6 to 7 percent.

Though only about 17,500 new automobiles were sold in the country in 2018, the figure more than doubled compared to the previous year. Toyota currently exports about 2,000 passenger and commercial vehicles to Myanmar per year and sees the market as one with strong growth potential.

 

As of December 2018, Toyota had 50 automobile and parts production sites in 27 nations and regions. The Myanmar factory would be a new strategic base.

 

The Myanmar government has implemented policies that give preferential tax treatment to companies that produce automobiles locally.

 

Suzuki Motor Corp. was one of the first entrants among Japanese automakers. It has two factories in the country assembling compact cars, for which it now commands more than half of the market.

 

Nissan Motor Co. and Ford Motor Co. are among the other automakers that have a presence in Myanmar.

http://the-japan-news.com/news/article/0005767680

Anonymous ID: df7c81 May 26, 2019, 7:55 p.m. No.6598200   🗄️.is đź”—kun   >>8257

Citi, JPMorgan, UBS Face Forex Cartel Class Action in Australia

 

Citigroup Inc., Royal Bank of Scotland Group Plc and JPMorgan Chase & Co. are among five banks named in a class action lawsuit in Australia seeking damages for colluding on foreign-exchange trading strategies.

 

UBS Group AG and Barclays Plc were also named in the suit lodged Monday in the Federal Court by Maurice Blackburn Lawyers. The action claims the banks colluded to rig foreign exchange rates, boosting profits at the expense of Australian businesses and investors, the law firm said in a statement.

 

Spokespeople at Citi and JPMorgan in Sydney had no immediate comment on the suit. UBS didn’t immediately return a call seeking comment. A representative for Barclays in Hong Kong declined to comment. A representative for RBS in London didn’t immediately respond to an inquiry outside of office hours.

 

Citi, RBS, JPMorgan and Barclays were among five lenders that agreed to pay European Union fines totaling 1.07 billion euros ($1.2 billion) earlier this month for colluding on foreign exchange strategies. UBS escaped a fine because it was the first to tell regulators about the collusion.

 

Read more: Loose lips and FX tips - how chats cost banks $1.2 billion

 

Traders allegedly used chat rooms bearing names such as “The Cartel,” “The Bandits’ Club,” and “The Mafia,” and communicated directly with each other to coordinate the manipulation of FX benchmark rates, control the pricing of spreads and to trigger client stop-loss orders and limit orders, Maurice Blackburn said.

 

The manipulation of benchmark foreign-exchange rates was exposed in 2013 via Bloomberg stories, triggering regulatory probes in the U.S., the U.K. and Switzerland. More than a dozen financial institutions have paid about $11.8 billion in fines and penalties globally, with another $2.3 billion spent to compensate customers and investors.

 

While the U.S. has won guilty pleas from JPMorgan, Citigroup, RBS and Barclays, three British traders in the group known as “The Cartel” were acquitted by a U.S. federal court last year of using a chatroom to coordinate trades and manipulate prices on the spot exchange rate for euros and U.S. dollars.

 

Maurice Blackburn’s suit claims Australian companies and investors, including importers, exporters, institutional investors and businesses with overseas operations have been affected by the distortion of currency markets by the five banks. The action is on behalf of customers who bought or sold more than A$500,000 ($347,000) of foreign currency between Jan. 1 2008 and Oct. 15, 2013, the law firm said.

https://www.bloomberg.com//news/articles/2019-05-27/citi-jpmorgan-ubs-face-forex-cartel-class-action-in-australia?srnd=markets-vp