Catch a falling yen
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 23 September 2022
⏱️ 10 minutes
🧾️ Download transcript
Summary
Several EU member states are pushing for hard-hitting measures against Russia and a UN policy memorandum argues Pakistan should suspend international debt repayments. Plus, the FT’s Katie Martin explains why the Bank of Japan would keep interest rates in negative territory and prop up the yen.
Mentioned in this podcast:
Poland and Baltic states push for harsher EU sanctions against Russia
Flood-hit Pakistan should suspend debt repayments, says UN policy paper
Japan intervenes to prop up yen for first time since 1998
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk. |
| 0:09.8 | Good morning from the Financial Times. |
| 0:11.4 | Today is Friday, September 23rd, and this is your FT News Briefing. |
| 0:19.0 | The European Union is working on yet more sanctions on Russia. |
| 0:23.0 | The UN says Pakistan should stop making debt payments to overseas creditors, |
| 0:27.4 | and Katie Martin is back. |
| 0:29.7 | Just going to tell us what's going on with the Japanese yen. |
| 0:32.7 | It's been getting absolutely trashed. |
| 0:35.4 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:48.0 | The European Union is drafting its eighth package of sanctions against Russia in response |
| 0:52.5 | to its invasion of Ukraine and its military escalation this week. |
| 0:56.5 | More hawkish EU members, Poland, and the Baltic states are pushing for tough measures, |
| 1:01.6 | like booting more Russian banks off the Swift Global Payments Network. |
| 1:05.8 | Officials say it'll be difficult to find consensus among the EU's 27 member states. |
| 1:10.9 | Hungary says it doesn't want any new sanctions. |
| 1:14.0 | The European Commission's main goal is to push through a price cap on Russian oil. |
| 1:19.1 | The United Nations is recommending that Pakistan stop repaying its overseas debt. |
| 1:28.5 | They want the country to prioritize disaster response instead. |
| 1:32.8 | Last month, catastrophic floods put a third of the country under water and displaced |
| 1:37.6 | about 40 million people. The FT's Ben Parkin has seen a draft of the UN report. |
| 1:43.6 | What's happened in Pakistan with the floods is really shocking, |
... |
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