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November 22, 2024
 

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DOLLAR

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.
An electronic screen displays a graph showing Japanese yen exchange rates surging against the dollar amid signs of intervention by authorities, in Tokyo on Thursday.
BUSINESS / Markets
May 3, 2024
Japan's May 1 intervention may have cost ¥3.66 trillion, BOJ data suggests
The yen was at around ¥157.55 per dollar when it suddenly spiked, strengthening as far as ¥153 over the next half hour.
Although current FX interventions are not yet a significant concern for the U.S. Treasury market, large-scale interventions by major holders like Japan or China could pose risks in the future.
COMMENTARY
May 2, 2024
U.S. bonds brace for impact of Japan’s currency moves
Japan holds substantial dollar reserves, but if depleted, it might resort to selling U.S. bonds, though other measures would likely be considered first.
The weak yen impacts the airline industry multiple ways, as it boosts foreign currency revenue from international flights but negatively affects travelers from Japan.
BUSINESS / Companies
May 2, 2024
Japan firms reach pain threshold as yen keeps testing lows against the dollar
The currency's sustained decline makes planning difficult for all firms and can add costs across the whole supply chain.
An electronic screen in Tokyo displays the yen exchange rate against the U.S. dollar and the graph showing its recent swings, on Thursday.
BUSINESS / Markets
May 2, 2024
Yen swings stir talk that Japan is in the FX market once again
The yen advanced more than 3% and hit ¥153.04 per dollar as more than $4 billion of yen-related futures were exchanged.
An electric screen displaying the Nikkei share average and yen exchange rate against the U.S. dollar outside a brokerage in Tokyo on Friday.
BUSINESS / Economy / ANALYSIS
May 1, 2024
For Japan Inc., the weak yen may be too much of a good thing
The currency's weakness has pushed up costs of raw materials, food and fuel.
The root cause of yen weakness lies in the U.S., not Japan, with the currency falling to its weakest since around 1990.
COMMENTARY / Japan
May 1, 2024
Japan should leave its currency bazooka at home
The root cause of yen weakness lies in the U.S., not Japan. That makes the latter's options very limited.
A man walks past an electronic board displaying the exchange rate for the yen against the U.S. dollar (right) in Tokyo on Tuesday.
BUSINESS / Markets
Apr 30, 2024
Did Japan intervene to prop up the yen? Analysts think it did.
The size and timing of the swing indicates that the government stepped in after the currency fell significantly.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Ishiba aggravates his own political failures with diplomatic faux pas
Prime Minster Shigeru Ishiba is greeted at the APEC summit in Lima by Canadian Prime Minister Justin Trudeau on Friday. The Japanese leader was criticized for remaining seated while meeting several world leaders at the event.
Japan's 3.31 million visitors in October set monthly record
Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

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