Tag - currencies

 
 

CURRENCIES

An electronic stock board displaying the Nikkei 225-issue Nikkei average outside a securities firm in Tokyo on Tuesday.
BUSINESS / Markets
Aug 6, 2024
Tokyo stocks rebound 10% following Monday’s mad rout
The yen, which had strengthened to the ¥141 mark on Monday from almost ¥162 just weeks earlier, was trading around ¥145 to the dollar on Tuesday.
The Nikkei stock index showed a strong rebound Tuesday morning after a historic plunge a day earlier in Tokyo.
BUSINESS / Markets
Aug 6, 2024
Tokyo stocks rebound sharply in morning trading after record fall
On Monday, the Nikkei had closed down 12.40%, or 4,451.28 points — its largest points drop in history.
The 225-issue Nikkei stock average dropped more than 4,000 points on Monday.
BUSINESS / Markets
Aug 5, 2024
Nikkei plunges by 12% as it registers largest-ever point fall
The drop exceeds the point fall recorded Oct. 20, 1987, the day after Black Monday in New York.
The Yahoo Auction website shows new banknotes selling for much higher than their face value.
BUSINESS / Economy
Aug 4, 2024
New Japanese banknotes increasingly put up for auction
Notes with features that make them a collectible are being auctioned online for prices much higher than its face value.
A man takes a picture of an electronic quotation board displaying the closing numbers of share prices on the Tokyo Stock Exchange on Friday.
BUSINESS / Markets
Aug 3, 2024
Tokyo stocks likely to remain volatile in coming days
The benchmark Nikkei 225 average has been forecast to move between 34,000 and 38,000.
Finance Minister Shunichi Suzuki speaks during a news conference at a Group of 20 finance chiefs meeting in Rio de Janeiro on Friday.
BUSINESS / Markets
Jul 27, 2024
Japan touts G20 reaffirmation of forex commitments as key achievement
The commitments say G20 nations recognize that disorderly movements in exchange rates can have adverse implications for economic and financial stability.
Japanese stocks are down 10% from their July peak as the yen strengthens.
BUSINESS / Markets
Jul 26, 2024
Yen melt-up nudges Japanese stocks into correction territory
Japan’s benchmark index is now down 10% from its July peak, meeting the textbook definition of a market correction.
Some economists say a sticky weak yen trend would have a negative impact on Japan's real wage growth.
BUSINESS / Economy
Jul 24, 2024
Yen rally could help end crushing wage decay in Japan
The Japan Research Institute anticipates real wage growth turning positive in the July-September quarter assuming ¥155 to the dollar.
Unfortunately, the Bank of Japan kept monetary policy too tight after the 1985 Plaza Accord, leaving Japan mired in deflation and recession for two decades. 
COMMENTARY / World
Jul 21, 2024
Does the world need a Plaza Accord 2.0?
Unfortunately, the Bank of Japan kept monetary policy too tight after 1985 Plaza Accord and Japan was mired in deflation and recession for two decades.
China's official app for digital yuan is seen on a mobile phone next to 100-yuan banknotes
BUSINESS / Tech / FOCUS
Jul 20, 2024
Trump’s disdain for digital dollar risks ‘Cold War era’ in money
His vow to never allow the dollar to be digitized may turn money into a new front in Trump's trade war with China.
The Bank of Japan headquarters in Tokyo. Many analysts say the central bank would want to avoid rushing policy moves as policymakers probably don’t want to be seen as being forced to act to boost the currency.
BUSINESS / Markets
Jul 12, 2024
Yen jump eases pressure on BOJ to tighten its policy, analysts say
If the Bank of Japan raised interest rates and announced fewer bond purchases, it could risk being seen as only driven by the volatile yen.
People attend a seminar, hosted by Daiwa Securities, on the new NISA tax-free investment program last November. Retail investors in Japan have been favoring international investments as they deploy funds held in their fast-growing NISA accounts.
BUSINESS / Markets
Jul 11, 2024
Yen takes hit as ¥1 trillion flows abroad monthly after NISA tweak
Many taking advantage of changes to the rules for Japan's tax-free savings accounts have been shifting their savings to international investments.
A man holds new 10,000 yen bills at a Saitama Resona Bank branch in Saitama Prefecture on Wednesday.
JAPAN
Jul 4, 2024
People flock to get new banknotes in areas linked to new bills
The ¥10,000, ¥5,000 and ¥1,000 notes have been redesigned for the first time in 20 years.
Japan’s redesigned yen banknotes are shown at the Bank of Japan headquarters in Tokyo on Wednesday, the day the new ¥10,000, ¥5,000 and ¥1,000 bills went into circulation. 
COMMENTARY / Japan
Jul 3, 2024
The new yen notes have an important story to tell
The inspiring stories of the three trailblazers whose portraits are featured on the new yen banknotes say a lot about the past, present and future of Japan.
Bank of Japan Gov. Kazuo Ueda and Prime Minister Fumio Kishida show off the new banknotes in Tokyo on Wednesday.
JAPAN / Society
Jul 3, 2024
Japan releases new banknotes for first time in 20 years
The Bank of Japan plans to introduce a total of ¥1.6 trillion ($9.9 billion) worth of the new banknotes into circulation on Wednesday alone.
Bank of Japan Gov. Kazuo Ueda (back center) watches as workers prepare to ship the first bundles of newly designed ¥10,000 bills at the central bank's headquarters in Tokyo on Wednesday.
JAPAN / Crime & Legal
Jul 3, 2024
Tokyo police warn of fraud linked to new banknotes
Since March, four individuals in their 80s and 90s have been swindled out of a combined total of approximately ¥15 million, according to police reports.
The yen’s depreciation is largely down to the gap in interest rates between the U.S. and Japan. Therefore, U.S. Federal Reserve Chair Jerome Powell is, to all intents and purposes, “Mr. Yen.”
COMMENTARY / Japan
Jul 1, 2024
There’s a new 'Mr. Yen' in town
No matter what the Bank of Japan or the Finance Ministry do, ultimate control over the yen's value lies in the hands of U.S. Federal Reserve Chair Jerome Powell.
Samples of newly designed yen banknotes at the National Printing Bureau's Tokyo plant on June 19
BUSINESS / EXPLAINER
Jul 1, 2024
What you need to know about Japan's new banknotes
The last time the country redesigned its banknotes was 20 years ago.
A monitor at a foreign exchange brokerage in Tokyo shows the yen falling below ¥161 against the dollar on Friday morning.
BUSINESS / Markets
Jun 28, 2024
Japan names new forex diplomat as yen hits 38-year low
Atsushi Mimura, a financial regulation veteran, replaces Masato Kanda, who launched the biggest yen-buying intervention on record this year.
Goods related to Eiichi Shibusawa are sold at the Michi no Eki Okabe roadside rest station in Fukaya, Saitama Prefecture.
JAPAN
Jun 25, 2024
Sites linked to faces on new banknotes excited before release
The new ¥10,000, ¥5,000 and ¥1,000 notes will enter into circulation July 3 in what will be the country's first banknote redesigning in 20 years.

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Professional cleaner Hirofumi Sakurai takes a moment to appreciate some photographs in a Gotanda apartment whose occupant died alone.
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