Japan's former vice minister of finance for international affairs, Masato Kanda was reported with comments on Wednesday ICYMI.

• currency market volatility had increased reflecting recent changes in monetary policies and political situations in major countries
• "There is no change to our stance that we will need to respond appropriately to excess movements on the currency market as excessive foreign exchange volatility is undesirable"

His comments have not slowed the yen decline:

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Kanda is now a special adviser to Prime Minister Shigeru Ishiba and the finance ministry., said in an interview that currency market volatility had increased reflecting recent changes in monetary policies and political situations in major countries.

Noting this, report comes from Japan media (Sankei) via Reuters:

• Japanese government to compile a supplementary budget of about 13.5 trillion yen ($87 billion)
• to fund a stimulus package to help low-income households and offset rising prices
• government would provide 30,000 yen to low-income households that are exempt from residential taxes and 20,000 yen per child for households with families

That makes it a congressional red sweep and the question now is just how much of a majority will they command in the House? The latest NYT projections here show Republicans do have the needed 218 seats claimed for a majority. However, there are still 9 seats yet to be called.

There are some seats such as Iowa 1 and California 45, which are toss ups, that could go to a recount and take a longer time to settle due to the current margins. For some context, here is a list of the more competitive districts as a reference.

But even if you give those two to the Democrats, Republicans will at least snag Alaska 1 to end with 219 seats. That is the bare minimum that they should win with when all is said and done.

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Justin had the news from the People's Bank of China here:

• PBOC governor will maintain yuan exchange rate at a reasonable, balanced level

PBOC governor Pan Gongsheng emphasized the Bank will not let the yuan plummet without a fight:

• Will step up countercyclical adjustment
• Should resolutely guard against the risk of exchange rate overshoot

With the surging USD after Trump's win the yuan is just one of many weaker currencies:

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The game will never, ever be the same.

Like most people, I've been staying at home, doing a bit in the garden, cooking a lot and managing occasional bouts of anxiety. I've also written more here than I have done for a while. At a time when every Friday night has me missing my mates, it's been nice to see you all again.
But in the midst of it all – and after everything else disappeared – I got a new gig. It's with my friends from Spark Lab, it's called The Pivot Reports and it's a series of live-streamed shows over the next six weeks talking to business owners…

All 13 games from third-party developers coming to Xbox Series X.

Some of the stories from around the world that you may have missed this week.