The Japanese government decided to extend the abolition of preferential treatment in trade with Russia for another year due to the situation in Ukraine. The agency wrote about it Kyodo.
Initially, the abolition of the most favored nation regime was brought until March 31, but at the last meeting on March 29, it was decided to extend this period until the end of March 2025.
This measure was implemented by the Japanese side in March 2022 and has been extended until 2023.
Before dead Record collapse of the yen exchange rate.
Bloomberg, citing its sources, wrote that the yen fell to its lowest level since the 1990s due to the gap between interest rates with the US; The rate collapsed after the Bank of Japan raised its interest rate from 0.25% to 0.5%.
After an emergency meeting attended by representatives of the Ministry of Finance, the Central Bank and the financial market regulator, officials stated that the current disastrous collapse in the yen has “speculative foundations”. Finance Minister Shun’ichi Suzuki warned that Tokyo was considering “all options” to prevent its currency from falling.
Some banks in China previously stopped taking Payments in yuan from Russia.
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Source: Gazeta
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