TOKYO, Oct 5 (Reuters) – The dollar fell on Monday, losing
ground against a basket of currencies as the outlook for low U.S.
rates was reinforced by weaker-than-expected U.S. jobs data and
after a G7 ministers meeting at the weekend brought no surprises.
The Australian dollar gained ahead of a meeting of the
Reserve Bank of Australia on Tuesday after two influential
columnists wrote that there was a real chance of an interest rate
rise this week, sooner than many have been expecting.
TOKYO, Sept 30 (Reuters) – Finance Minister Hirohisa Fujii
has jolted currency markets since taking on the key post in
Japan’s new government two weeks ago.
The 77-year-old minister has gone through several cycles of
remarks that first appeared to favour a strong yen and then
backpedalled after markets took him at his word, finally
sending the Japanese currency to an eight-month high of 88.23
per dollar <JPY=> on Monday. [ID:nT324421] [ID:nSP127557]
TOKYO, Sept 29 (Reuters) – The dollar rose against the yen on
Tuesday as its rebound from an eight-month low prompted investors
to trim short positions and after Japan’s finance minister said
intervention was possible in extreme cases.
After backtracking on Monday from remarks suggesting he was
comfortable with recent yen strength, Finance Minister Hirohisa
Fujii spoke again, saying he would not rule out taking action if
currency moves were irregular but that not promoting a weak
currency was the correct policy. [ID:nT321333] [ID:nTKF106641]
Would you buy a car that only goes 100 miles (160 km) on a tank of fuel?That’s the range of Nissan’s 5-seater electric car planned for sale in the U.S. and Japan in 2010 – a similar size to Nissan’s Primera or VW’s Golf.A full tank in a petrol-driven car will take you around twice that distance so the new technology that Nissan hopes will leapfrog current hybrids won’t be for those who disappear up the mountains each weekend.But 90 percent of car users drive less than 100 miles each day, says Andy Palmer, Nissan’s senior vice president and head of product planning. So if you’re OK with a town or city run-around, you can plug it in to recharge once you get home.And future generations will have more range, Palmer told the Reuters Japan Investment Summit, as battery technology improves.Nissan has the car under wraps until it unveils a final prototype on August 2. Palmer says driving it is quite a surprise — with torque akin to a 2-litre gasoline engine and acceleration with zero noise.But lack of noise has itself become an issue. If other drivers and pedestrians can’t hear you coming, how can they stay out of the way?That, Palmer says, is relatively straighforward to fix.”Starting with zero noise, it’s very easy to add noise. Normally automotive engineers have the opposite problem.”Annoying beeps are probably out, so what would you like your new electric car to sound like?Photo credits: REUTERS/Gil Cohen Magen and REUTERS/Kim Kyung-Hoon