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Meet and Mingle: October 13th, 2022

Looking to expand your connections in finance in a casual and fun manner? Or are you seeking more networking practice in a welcoming environment? If so, pay attention, this event is perfect for you! SFU FINSA presents Meet and Mingle, happening on October 13^th in the WMC Atrium from 2:30 PM – 5:30 PM! Meet and Mingle offers visitors an opportunity to learn more about the FINSA family and finance in general. Get acquainted with like-minded individuals who also share an interest in finance, while enjoying complimentary refreshments brought to you by FINSA and our sponsors!

This is what you can expect out of the event:

• Meeting new people and establishing connections while practicing networking skills
• Sharing insights and conversations with like-minded individuals
• Learning more about FINSA and finance as a whole
• Games, refreshments, and a great time overall

Meet and Mingle is a casual event, meaning that visitors aren’t obligated to stay for the whole duration. Briefly stop by during a time that works for you, the FINSA family would love to meet everyone!

Upcoming Events

Investing 101

Have an interest in investing but have absolutely no idea where to start? Don’t worry, SFU FINSA’s got you covered! With the number of resources available online nowadays, there can often be contradicting information available that is just outright confusing. Information overload is a real issue, and it often makes investing a lot more intimidating than it really is. Worry not, as we are thrilled to present Investing 101, featuring speakers that are professional investors. What better source of information is there than speakers who invest for a living? Investing 101 will cover all the basics that will help you get started with investing, as well as a more in-depth look at different financial topics. Curious to learn more? Stay tuned on our Social Media for more information, coming soon.

FINSA News

SFU FINSA is thrilled to announce our newest sponsor: Red Bull! Thanks to their generous sponsorship, we’ll be offering Red Bull at our exciting events moving forward. Red Bull and SFU FINSA, giving you wiiings together.

Finance News

Japanese Yen At An All-Time Low

Ever wished of visiting Japan? If so, perhaps now is the time to do so, as the Japanese Yen is at an all-time low against the U.S Dollar,  at ¥146.95 to $1 USD as of October 12th, 2022. As for the yearly outlook, the Japanese Yen has lost over 20% of its value to the U.S dollar. 

Now, why exactly is the Yen so weak currently? There are many reasons why the Yen has fallen so drastically, but the biggest reason can be pointed towards one thing: Japan’s loose monetary policy. The Bank of Japan’s Governor Haruhiko Kuroda has adamantly refused in raising interest rates in the country, citing that the fight against deflation is not yet over. Despite inflation rising above 2% in Japan, the Bank of Japan believes that this rise is not sustainable, and will slip under their target inflation by 2023. Japan has historically held a non-intervening monetary policy, with the last intervention being in 1998. This may be the tell-tale sign of the Bank of Japan’s course of action, or their lack of rather. The currency may be at an all-time low, but it appears that the Bank of Japan is confident in its current policy and has no plans of intervening.

What does this mean for Japan moving forward? In theory, a weak currency can lead to a boom in the tourism industry as the buying power of travelers increases. Japan can expect a large surge in tourism in the near future, under the assumption that their border restrictions loosen up. Additionally, Japanese companies with global operations benefit will greatly from the weak currency, as international profits will be boosted. Ultimately, with no clear-cut solution and divided opinions on the course of action that should be taken, only time will tell how Japan recovers from this situation.

Read the full article from Bloomberg here: https://www.bloomberg.com/news/articles/2022-09-05/why-the-yen-is-so-weak-and-what-that-means-for-japan-quicktake#:~:text=Why%20is%20the%20yen%20so,assets%20more%20attractive%20for%20investors.