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Reply Nila
5:22 PM on October 1, 2022 
2020 was one of three warmest years on record, according to a new report, despite La Ni�a - the large-scale cooling of the ocean surface
temperatures in the Pacific.�

Global average temperatures last year reached
around 2.16�F (1.2�C) above the pre-Industrial Revolution levels (1850-1900), reveals the World Meteorological
Organization (WMO).�

The six years since 2015 have been the warmest
on record, while the period 2011 to 2020 was the warmest
decade on record,�WMO says in its�State of the Global Climate 2020 report, published today.����

Not even the economic slowdown caused by the coronavirus could
'put a brake' on the drivers of climate change, including
greenhouse gas emissions, WMO says.�






2020 was one of the three warmest years on record, despite a cooling La Ni�a event, the World Meteorological Organization (WMO) reveals.


The global average temperature for last year
was about 1.2� Celsius above the pre-industrial (1850-1900) level.

The six years since 2015 have been the warmest on record.
2011-2020 was the warmest decade on record�


Statistically, 2020 was just behind 2016 and just ahead of 2019
in terms of global temperatures, putting it within the top three.�

But a WMO spokesperson told MailOnline that the�difference between the three is so small that it falls within the margin of error.�

WMO uses five datasets to calculate the global figure - Copernicus, NOAA, NASA, Met Office HadCRUT
and Japan Met Agency - to come up with a comprehensive figure.�

But the long term trend - the fact we have had warmest six
years and the warmest decade - are more important than the ranking of an individual year, it says.�






Global annual mean temperature difference from pre-industrial conditions
(1850-1900) for five global temperature data sets -�Copernicus, NOAA, NASA, Met Office HadCRUT
and Japan Met Agency


The warmth of 2020 was comparable to that of 2016, despite�La Ni�a conditions developing by late September, the report claims.�

La Ni�a - the large-scale cooling of the ocean surface temperatures in the central and eastern equatorial Pacific Ocean - leads
to variations in global weather.�

Overall, the report new documents the various causes and effects of climate crisis, including
greenhouse gas concentrations, increasing land and ocean temperatures, sea level rise,
melting ice and glacier retreat and extreme
weather.�






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Reply Rene
12:48 PM on October 1, 2022 
Intervention drains nearly 15% of readily available funds

*

Japan can avoid selling U.S.
Treasury bills for now - analysts

*

Impact of further intervention may diminish - analysts

(Adds quote from analyst, BOJ governor)

By Leika Kihara and Tetsushi Kajimoto

TOKYO, Sept 30 (Reuters) - Japan spent up a
record 2.8 trillion yen ($19.7 billion) intervening in the foreign exchange market last week to prop up the yen, Ministry of Finance data showed on Friday, draining nearly 15% of funds it has readily available for
intervention.

The figure was less than the 3.6 trillion yen estimated by Tokyo money market brokers for
Japan's first dollar-selling, yen-buying intervention in 24 years to stem the currency's sharp weakening.



The ministry's figure, indicating total spending on currency intervention from Aug.


30 to Sept. 28, is widely believed to have been used entirely for the Sept.
22 intervention. It would surpass the previous record for dollar-selling, yen-buying intervention in 1998 of 2.62
trillion yen. Confirmation on the dates of the spending will be released
in November.

"This was a big burst of intervention, if it had happened on a single day, underscoring Japanese authorities' determination to defend the yen," said
Daisaku Ueno, chief forex strategist at Mitsubishi
UFJ Morgan Stanley Securities.

"But the impact of further intervention will diminish as long as Japan continues to intervene solo," he
said.

The intervention, conducted after the yen slumped to a 24-year
low of nearly 146 to the dollar, triggered
a sharp bounce of more than 5 yen per dollar
from that low, although the currency has since drifted down again to around 144.25.


"Recent sharp, one-sided yen declines heighten uncertainty by making it difficult for companies to set business plans. It's therefore undesirable and bad for the economy," Bank
of Japan Governor Haruhiko Kuroda was quoted as saying at a meeting with cabinet ministers on Friday.


Japan held roughly $1.3 trillion in reserves, the second biggest
after China, of which $135.5 billion was held as deposits parked with
foreign central banks and the Bank for International Settlements (BIS), according to foreign reserves
data released on Sept.

7. Those deposits can easily be tapped to finance further
dollar-selling, yen-buying intervention.

"Even if it were to intervene again, Japan likely won't have to sell U.S. Treasury bills and instead tap this deposit for the time being," said Izuru Kato, chief economist at Totan Research, a think-tank arm of a major
money market brokerage firm in Tokyo.

If the deposits dry up, Japan would need to dip into its securities holdings sized around $1.04 trillion.

Of the main types of foreign assets Japan holds, deposits and securities are the most
liquid and can be converted into cash immediately.



Other holdings include gold, reserves at the International Monetary Fund (IMF) and IMF special drawing rights
(SDRs), although procuring dollar funds from these assets would take time, analysts say.


($1 = 144.4000 yen) (Reporting by Leika Kihara and Tetsushi Kajimoto; Editing
by Sam Holmes, Edmund Klamann & Shri Navaratnam)





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