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July 16, 2024
 

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DOLLAR

An electronic screen displays a graph showing yen exchange rates surging against the U.S. dollar amid an alert to the possibility of intervention in Tokyo on Friday.
BUSINESS / Economy
Jul 16, 2024
Japan keeps up yen warnings as two-day intervention suspected
Bank of Japan data released on Tuesday suggested Tokyo may have spent ¥2.14 trillion ($13.5 billion) intervening on Friday last week.
Japan's top currency official Masato Kanda speaks to reporters in Tokyo on Friday.
BUSINESS / Markets
Jul 12, 2024
BOJ rate check fuels yen intervention speculation after a big gain
Several market participants said Japan's central bank had called and asked for indicative exchange rates against the euro.
A monitor in Tokyo shows the yen strengthening to the ¥157 range against the dollar late Thursday evening.
BUSINESS / Markets
Jul 12, 2024
Japan likely spent $22 billion on yen intervention Thursday
Japan’s currency firmed from around ¥161.58 against the dollar to ¥157.44 in little more than half an hour.
The weakness of the yen is posing a big problem for small and midsize businesses. As for desired exchange rates, 69.5％ said they want the yen trading between ¥110 and ¥135 to the dollar.
BUSINESS / Companies
Jul 4, 2024
Weak yen inflicts major damage to small and midsize businesses, survey says
While some larger, export driven companies have benefited from the weak currency, smaller firms are struggling to adjust.
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.
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.
The yen fell as much as 0.4% to ¥160.39 per dollar on Wednesday, extending losses this year to around 12%.
BUSINESS
Jun 26, 2024
Yen’s tumble to weakest since 1986 boosts risk of intervention
The Japanese currency fell as much as 0.4% to ¥160.39 per dollar on Wednesday, extending losses this year to around 12%.
Traders say a slump of the yen as far as ¥170 per dollar is possible despite looming intervention risks.
BUSINESS / Economy
Jun 25, 2024
Forget ¥160 — traders see currency falling as far as ¥170 against dollar
The yen is at risk of sliding to levels last seen in 1986, with traders unfazed by the specter of government intervention.
The Bank of Japan debated the chance of a near-term interest rate hike during its policy meeting in June.
BUSINESS / Economy
Jun 24, 2024
BOJ debated need for timely rate hike at June meeting, summary shows
One Bank of Japan policymaker called for an increase without delay to address risks of inflation overshooting expectations.
The dollar’s reign has wreaked havoc across currency markets, especially in Japan where ultralow interest rates have sent the yen spiraling down more than 11% against the greenback this year.
BUSINESS / Economy
Jun 22, 2024
Dollar winning streak extends into fifth week as yen slumps
The dollar’s reign has wreaked havoc in Japan where low interest rates have sent the yen spiraling down more than 11% against the greenback this year.
The U.S. Treasury Department said in a report released Thursday that it has placed Japan, which runs a large trade surplus with the United States, back on its monitoring list over currency practices.
BUSINESS / Markets
Jun 21, 2024
U.S. adds Japan to currency watchlist amid struggles with weak yen
Japan spent a record ¥9.8 trillion ($62 billion) earlier this year to prop up the yen.
The People's Bank of China (PBOC) building in Beijing on May 29. The authority may soon start trading government bonds in the secondary market, according to a speech made by its chief on Wednesday.
BUSINESS / Economy
Jun 20, 2024
PBOC’s new tools may spur big shift in how it manages money
The PBOC is also considering narrowing the interest rate corridor within which market rates are allowed to fluctuate, to signal a clearer policy target.
The US economic engine has pulled in an increasing share of global capital.
BUSINESS / Markets
Jun 17, 2024
How the U.S. mopped up a third of global capital flows since COVID-19
The U.S. also pulled in a fresh wave of foreign direct investment thanks to billions of dollars worth of incentives.
The dollar’s about-face came after Fed Chair Jerome Powell waved off worries that the central bank may raise interest rates again.
BUSINESS / Economy
Jun 1, 2024
The dollar’s rally falters as signs of cooling ease Fed fears
The dollar’s about-face came after Fed Chair Jerome Powell waved off worries that the central bank may raise interest rates again.
Ever since the Bank of Japan ended its negative rate policy, calls for the government to strengthen its fiscal discipline have been growing, with the country being haunted by public debt that is about twice the size of its gross domestic product.
BUSINESS / Economy / FOCUS
May 30, 2024
Two cheers for the end of free money in Japan
Corporations are better prepared for more expensive money than they were in the past, with strong balance sheets and a better understanding of risk.
The rate of the U.S. dollar against the yen is displayed on an electronic stock board outside a securities firm in Tokyo earlier this month.
BUSINESS / Markets
May 28, 2024
Popularity of yen 'carry trade' may dent impact of BOJ rate rises
The weakening yen and strengthening greenback are increasing the attractiveness of the strategy by boosting its total return.
Investing in Japanese stocks becomes harder if the yen continues to weaken, head of Japan active investments at BlackRock warns.
BUSINESS / Markets
May 13, 2024
BlackRock warns weak yen deters foreigners from Japan stocks
The Nikkei 225 has declined more than 6% amid concerns the currency is becoming a liability for domestic consumer spending and import costs.
Bank of Japan Gov. Kazuo Ueda speaks to reporters on Tuesday at the Prime Minister's Office following a meeting with Prime Minister Fumio Kishida.
BUSINESS / Economy
May 8, 2024
BOJ’s Ueda tweaks weak yen remarks in possible hint of rate hike
Yen weakness has escalated despite Japan’s first interest rate hike since 2007 in March.
Masato Kanda, vice minister of finance for international affairs, reiterated the currency authorities' readiness to step into the market for speculative-driven foreign exchange moves.
BUSINESS / Markets
May 7, 2024
Japan warns of action over rapid currency moves
Comments by the government's top currency diplomat, Masato Kanda, reinforced Tokyo's readiness to intervene again to support a fragile yen.
One analyst said Japanese policymakers "hid the intervention well," pointing to the ways they may have used to fund currency interventions recently.
BUSINESS / Markets
May 6, 2024
Market hunts for signs of yen intervention in Fed accounts
Recent data suggests that Japanese policymakers may have funded currency interventions using a Fed facility where central banks stash overnight cash.
Who needs AI when you have Hatsune Miku?
Over the first six months of 2024, a handful of songs using Vocaloid singer Hatsune Miku’s voice have enjoyed widespread attention, underlining a global interest in the character and the technology she represents.
Bloodied Trump survives assassination attempt at political rally
Former U.S. President Donald Trump is surrounded and evacuated by Secret Service agents at a campaign rally in Butler, Pennsylvania, on Saturday. Trump was rushed off stage at the rally after shots rang out.
Shooter came within inches of killing Trump, but left few clues as to why
An aerial view shows the stage where Republican presidential candidate and former U.S. President Donald Trump had been standing during an assassination attempt the day before, and the roof of a nearby building where a gunman was shot dead by law enforcement, in Butler, Pennsylvania, on Sunday.
Yen’s woes seem too big for even a BOJ hike this month to solve
The Bank of Japan headquarters in Tokyo
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
The neurological disorder that 'kills culture'
Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
After Trump shooting, U.S. presidential race might take a violent turn
United States Secret Service Counter Snipers stand guard on a rooftop during a campaign rally for U.S. President Donald Trump in Avoca, Pennsylvania, in 2020.
No AC this summer? No problem (for me).
Think air conditioning is a requirement for a Tokyo summer? Think again.
She’s paying ¥1 million to help behind the scenes at the Paris Olympics
Mai Tarumi, who previously volunteered at the postponed Tokyo Olympics in 2021, has a travel budget of ¥1 million for her trip to volunteer at the Paris Games.

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Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
The neurological disorder that 'kills culture'
By Tomoko Otake

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