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Japan Meteorological Agency warns against earthquake prediction hoaxes amid increased seismic activity

Japan ·

Recent events, including the magnitude-7.1 quake, have led the JMA to acknowledge an increased likelihood of a megaquake in the region compared to normal conditions. However, the agency emphasizes the inherent difficulty in predicting such events with precision. The JMA cites past failures, such as the inability to foresee the magnitude-9 Great East Japan Earthquake of March 2011, despite the prior occurrence of a magnitude-7.3 quake off the Sanriku coast. This led to a policy shift in 2017, focusing on issuing alerts after significant seismic events rather than attempting precise predictions.

By Ishita Agarwal
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JPMorgan asset management revises strategy amidst anticipated end of BOJ rate hikes

Japan ·

JPMorgan Asset Management's revised approach includes recalibrating its risk assessment models and adjusting investment allocations to better align with anticipated changes in Japan’s monetary policy. The end of the BOJ’s rate hike cycle could lead to significant shifts in asset valuations, borrowing costs, and overall market dynamics. Consequently, JPMorgan is focusing on optimizing its strategies to mitigate potential risks and capitalize on emerging opportunities in a post-rate hike environment.

By Ishita Agarwal
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Japan’s national debt surpasses ¥1,300 trillion mark for first time

Japan ·

The Bank of Japan (BOJ) is adjusting its monetary policy in response to these fiscal pressures. The central bank has embarked on an interest rate hike cycle and plans to reduce its purchasing of government bonds, part of its extensive monetary stimulus program initiated over the past decade. This shift is aimed at achieving a 2 percent inflation target but is expected to lead to higher borrowing costs for households and businesses, as well as increased debt-servicing expenses for the government

By Ishita Agarwal
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Typhoon Maria set to strike Tohoku region on Monday: Japan Meteorological Agency warns of heavy rainfall

Japan ·

Typhoon Maria, which has been intensifying over the Pacific Ocean, is projected to make landfall in the Tohoku region—an area known for its mountainous terrain and susceptibility to extreme weather conditions. As the typhoon advances, JMA predicts that the region will experience intense rainfall, potentially leading to flooding, landslides, and infrastructure damage. The heavy downpours are expected to begin affecting the area on Sunday night, with the worst conditions anticipated on Monday

By Ishita Agarwal
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Bon holidays commence amidst Nankai trough megaquake advisory: tourism and safety measures in focus

Japan ·

At JR Tokyo Station, the Tokaido Shinkansen platforms were bustling with families and young people embarking on their journeys. Among them was a 21-year-old university student from Matsudo, Chiba Prefecture, traveling to Osaka. "My hometown is near the sea. I don’t know the evacuation sites and routes, so I want to look those up," he noted, reflecting a broader sense of caution among travelers.

By Ishita Agarwal
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Japan issues megaquake alert: tourism and supplies hit hard

Japan ·

The JMA's new alert, issued in response to a recent powerful earthquake off Miyazaki Prefecture, marks the first time such an advisory has been issued. This precautionary measure has had immediate and far-reaching impacts on Japan’s tourism sector. In Kotohira, Kagawa Prefecture, home to the renowned Kotohira-gu shrine, the Kotohira Hot Springs Kotosankaku inn has seen around 50 room cancellations for the period of August 10 to 17. The inn’s sales manager expressed disappointment, noting a surge in bookings earlier this year

By Ishita Agarwal
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Japan urges preparedness for potential Nankai trough megaquake; expert warns against panic buying

Japan ·

This alert, marking the JMA’s inaugural issuance of such a warning, reflects an increased likelihood of a devastating megaquake in the Nankai Trough region. Naoshi Hirata, professor emeritus at the University of Tokyo and chair of the Nankai Trough Earthquake Assessment Committee, emphasized the heightened risk, stating that the probability of a major quake occurring has risen substantially. Hirata’s comments, made during a press conference, highlighted the need for vigilance despite the warning’s current status.

By Ishita Agarwal

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