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|NEW YORK Jared Cook Raiders Jersey , Jan. 29 (Xinhua) -- The U.S. dollar climbed against the Japanese yen to the highest level in six weeks on Friday as the Bank of Japan (BOJ) unexpectedly decided to implement a negative interest rate policy.
The BOJ said on Friday it would introduce negative interest rates from next month to encourage more lending and business spending amid projections the central bank will not clear its 2 percent inflation goal.
The bank said it would cut interest rates further into negative territory if necessary.
The yen fell about 2 percent against the greenback after the bank's decision, hitting a 6-week low versus the dollar during the session.
On the economic front, the U.S. real gross domestic product (GDP) increased at an annual rate of 0.7 percent in the fourth quarter of 2015, according to the advance estimate released by the Commerce Department Friday. In the third quarter, real GDP increased 2.0 percent.
The greenback rose against most major currencies on Friday. The dollar index NaVorro Bowman Raiders Jersey , which measures the greenback against six major peers, went up 1.06 percent at 99.559 in late trading.
In late New York trading, the euro fell to 1.0829 dollars from 1.0958 dollars in the previous session, and the British pound dropped to 1.4239 dollars from 1.4370 U.S. dollars in the previous session. The Australian dollar inched up to 0.7079 dollar from 0.7077 dollar.
The U.S. dollar bought 121.17 Japanese yen, higher than 118.78 yen of the previous session. The greenback rose to 1.0238 Swiss francs from 1.0133 Swiss francs and decreased to 1.4001 Canadian dollars from 1.4061 Canadian dollars.
BEIJING， July 4 (Xinhua) -- China is highly concerned with Indian trade remedy measures against Chinese steel products， the Ministry of Commerce said on Monday.
The Indian government has launched an anti-dumping investigation into color-coated steel sheets imported from China. It is the fifth such probe against China from India this year， the highest record among WTO members， according to a statement on the ministry's website.
Countries have realized that global steel industry is experiencing difficulties due to sluggish economic growth and weak demand， but abuse of trade remedy measures would not help resolve industrial overcapacity， but hamper normal trade， the statement said.
China and India have broad room for cooperation in the industry， the ministry said， adding that it is hoped that the two countries can seek common development through trade， investment and technological cooperation and properly handle trade frictions.
The ministry said it hoped the Indian government could conduct a fair and transparent investigation in line with WTO rules， and refrain from trade remedy measures. Enditem
A picture illustration shows a WeChat app icon in Beijing Marshall Newhouse Raiders Jersey , December 5, 2013.
Ford Motor Co (F.N) wants Tencent Holdings Ltd (0700.HK) to tailor its popular chatting app for the firm's cars in China, as automakers in the world's largest market vie for drivers that care about high-tech features as much as engine size.
Rivals including Daimler (DAIGn.DE) and Nissan Motor Co Ltd (7201.T) are also looking at ways to give drivers safe, hands-free access to mobile apps in China, home to the world's largest number of smartphone users. WeChat is China's most prevalent chatting app Mario Edwards Jr Raiders Jersey , with about half a billion active monthly users.
"There's a demand from our customers," David Huang, a senior engineer who heads Ford's Asia Pacific connected services unit, told Reuters. "People want to stay connected, stay informed and stay entertained all the time Karl Joseph Raiders Jersey , even when they're driving."
Ford is in talks with Tencent over the business aspects of putting the app in its cars, Huang said. Tencent declined to comment.
Huang said Ford envisages drivers syncing their phone to the car's software system and controlling specific WeChat functions, chosen by Tencent and then certified by Ford as safe, through voice commands or limited use of buttons.
Making WeChat and other apps convenient, safe and legal to use while driving could help automakers gain market share in China David Sharpe Raiders Jersey , especially as auto sales growth eases in a slowing economy. Yale Zhang, managing director of Shanghai-based consultancy Automotive Foresight, said connectivity was a key deciding factor for Chinese customers buying a car.
"Those kind of things are the fundamental things people will consider," he added.
Many Chinese use WeChat's free voice messaging feature instead of phone calls, holding up their smartphones like a walkie-talkie as they speak Eddie Vanderdoes Raiders Jersey , tap and listen to replies.
They often do that while they are driving, breaking a 2004 traffic law that bans any behavior that hinders safe driving.
"In a car, if you had software that can sync with your WeChat, that would be very useful," said Mao Yanan Obi Melifonwu Raiders Jersey , a Beijing resident who admits to holding her phone to use the app while driving.
Other automakers are also eyeing apps and online services.
In August, General Motors Co (GM.N) and Tencent launched a platform for GM owners to use WeChat to find a nearby dealership or send the location of their car to a friend.
Nissan wants the app in its cars at some point, a spokeswoman said. Daimler, which owns the Mercedes-Benz brand popular in China, is also researching how to include apps and services from Tencent and rivals Baidu Inc (BIDU.O) and Alibaba Group Holding (BABA.N) in its cars Gareon Conley Raiders Jersey , the company's China head Hubertus Troska said.
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