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Japanese chip-related stocks surged, with Kioxia rising 6.9%, SoftBank up 6.2%, and Advantest up 6.5%.On August 14th, Mitsuhiro Furusawa, a former senior Japanese foreign exchange diplomat and former deputy managing director of the International Monetary Fund (IMF), stated that the yen is clearly too weak at current exchange rate levels and is harming the Japanese economy by pushing up import costs. He indicated that if the yen returns to levels before last months coordinated intervention, Japan and the United States may intervene in the foreign exchange market again at any time, and the action will not be tied to a specific level such as 160 or 162 yen. Furusawa stated that intervention can only buy time; a more fundamental solution is for the Bank of Japan to accelerate its pace of interest rate hikes. He predicts that the Bank of Japan will raise interest rates in September, followed by another hike in December or January next year. He estimates that the Bank of Japan ultimately hopes to raise interest rates to approximately 1.5% to 1.75%. This assessment is based on his estimate of the neutral interest rate, which is 1.1% to 2.5%; if the economy maintains its growth momentum, further interest rate hikes are possible in the fiscal year beginning in April 2027.On August 14th, U.S. Central Command posted on social media that several media outlets had published "false reports" about the USS Lincolns deployment to the Middle East in the past 48 hours. The U.S. military confirmed that one report claimed "seven sailors died in a fight on board," while others suggested a "surge in suicidal thoughts among sailors"—these reports were "pure fabrications." U.S. Central Command stated that the USS Lincoln has consistently maintained "one of the highest personnel renewal rates" among all U.S. aircraft carriers. After more than 260 consecutive days at sea, conducting 10,000 sorties, and dropping 1.5 million pounds of ordnance, the Navy and Marine Corps personnel of the USS Lincoln Carrier Strike Group remain "determined and in high spirits." "No service members have died," and the sailor who fell overboard on August 3rd was quickly and safely rescued.On August 14, a spokesperson for the Ministry of Foreign Affairs announced that, at the invitation of President Xi Jinping, President Daniel Roy-Hilchrist Noboa Asin of the Republic of Ecuador will pay a state visit to China from August 16 to 23.Former senior Japanese foreign exchange diplomat Mitsuhiro Furusawa: The Bank of Japan may raise interest rates in September, followed by another rate hike in December or January.

H20 Water Securities Launches World’s First Crypto Water Token and Raises $150 Million

Jimmy Khan

Jul 06, 2022 14:41

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Through its recently launched H20 Securities subsidiary, South African-based Exchange Trust Settlement Services' system—which effectively provides the first crypto water token in the world—was built.


The H20N coin is precisely a component of the H20 Water Network, a worldwide endeavor that integrates technology and financing for the construction and management of water plants.

Water Network 20

The main objective of the H20 Water Network is to employ blockchain technology to modernize the funding, deployment, and management of water plants.


Notably, H20N is not focused on the technical, engineering, or construction components of such projects, even though it serves as a vehicle for raising money for the funding of international water projects.


In addition to paying for engineering services, maintenance, water treatment, insurance, surveying, data management, equipment and material deliveries, H20N is used to settle invoices between network members, including water plant operators and their customers.


Overall, compared to more conventional procedures, this kind of financing shortens the time it takes water providers to supply to new customers.


The goal is to worldwide connect more people to drinking water more quickly and affordably in light of water shortage. Because of this, the project uses the H20N token to reward users of the H20 Water Network, providing them with incentives to participate.

Worldwide Water Infrastructure

Two billion people, or 30 percent of the world's population, already live in water-scarce circumstances, and by 2030, it's anticipated that this percentage will reach 50 percent.


Many people lack access to enough water to meet their daily requirements, but the bigger, more systemic problem is a lack of finance for water infrastructure. The Organisation for Economic Co-operation and Development estimates that by the year 2030, the financing deficit for water infrastructure might be more than $18 trillion worldwide (OECD).


Herein lies the role of H20N. The token seeks to enhance the amount of water that is available to the world's population by accelerating investment in water infrastructure to satisfy demand. It also opens up new methods for producing water.


With more than 70% of efforts going toward sub-five million litres per day, the imitation eventually aims to attain water plant capacity ranges of less than 100 million litres per day (MLD). The original project financing expenditures are then covered by the sale of the water.

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