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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA OPEN: Nov Job Gains, Fed Blackout, CPI/PPI Ahead
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MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
MNI: Japan's New Era Name "Reiwa"; To Start on May 1
TOKYO (Kyodo) - The name of Japan's new era, set to start on May 1, is
"Reiwa," Chief Cabinet Secretary Yoshihide Suga said on Monday.
The change will come into force as Crown Prince Naruhito succeeds his
father Emperor Akihito to the throne as head of state, after the latter's
expected abdication on April 30.
A gengo -- a named era -- is used for the length of an emperor's reign and
a change of era is an important event as it is used in minting coins and
producing calendars and official documents among other purposes, although the
Gregorian calendar is also widely used in Japan.
Foreign Minister Taro Kono has said the government will notify 195
countries as well as international organizations of the decision through
diplomatic missions at home and abroad and other means.
The 85-year-old emperor expressed his wish to retire in a rare video
message in 2016, citing his concern that he might not be able to fulfil his
official duties due to his advanced age. In the following year, the Diet enacted
one-off legislation to enable him to abdicate -- the first Japanese monarch to
do so in around 200 years.
In 1989, when Japan last changed its era name after the death of Emperor
Hirohito, posthumously known as Emperor Showa, then Chief Cabinet Secretary
Keizo Obuchi, who later served as prime minister, held up a calligraphy work
showing the two Chinese characters making up the name Heisei and read out then
Prime Minister Noboru Takeshita's statement.
--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MAJDS$,M$A$$$,M$J$$$,MC$$$$]
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.