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November 22, 2024
 

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DOLLAR

Finance Minister Shunichi Suzuki has reiterated the government's readiness to take an appropriate action as the yen continues to slide against the U.S. dollar.
BUSINESS / Markets / FOCUS
Apr 28, 2024
When will Japan intervene to support the yen?
The yen hit a 34-year low past ¥158.40 per dollar in U.S. trading on Friday, after the BOJ announced a decision to keep its monetary policy unchanged.
The Anegasaki gas-fired power station in Chiba Prefecture
BUSINESS
Apr 26, 2024
Rapidly weakening yen threatens higher power bills
Pricier power illustrates the far-reaching impact of the yen’s decline.
Currency rates at an exchange shop in Tokyo on Friday.
BUSINESS
Apr 26, 2024
Yen swoons in jittery trading in wake of BOJ standing pat
The yen’s extended slump has heightened speculation that authorities may intervene in the market.
Exporters will be helped both by the stronger dollar, and also by their exposure to the U.S. economic resilience.
BUSINESS / Markets
Apr 25, 2024
Dollar wrecking ball forces investors to seek cover in exporters
Those with significant dollar earnings are set for a windfall, with major beneficiaries including heavyweight Asian chipmakers.
The dollar's resurgence has come on the back of a slew of signs that the U.S. economy avoided the slowdown many anticipated.
BUSINESS / Markets
Apr 23, 2024
U.S. dollar’s extended reign delivers stark wake-up call to markets
Global investors are talking about "U.S. exceptionalism” after a predicted slowdown to the nation's economy didn't transpire.
Ideal or not, the reality of the world is that one currency, the U.S. dollar, is first among equals.
COMMENTARY / World
Apr 18, 2024
Asian currencies can't fight the dollar on a rampage
Markets tend to reflect economic performance. And ideal or not, the reality of a world is one currency, the U.S. dollar, is truly first among equals.
Finance Minister Shunichi Suzuki (left), U.S. Treasury Secretary Janet Yellen (center) and South Korean Finance Minister Choi Sang-mok meet on the sidelines of International Monetary Fund and Group of 20 meetings, at the U.S. Treasury in Washington on Wednesday.
BUSINESS / Economy
Apr 18, 2024
U.S. nods to concerns from Japan and South Korea over slumping currencies
Washington's acknowledgement of concerns may lay the groundwork for intervention, some analysts said.
China's yuan is at five-month lows and has lost 1.9% to the dollar this year as foreign investors pull more money out of its struggling markets.
BUSINESS / Economy / ANALYSIS
Apr 16, 2024
China's cycle of dollar hoarding and weakening yuan gets vicious
Analysts say one of two things needs to happen to end the downward spiral, but both seem distant.
Finance Minister Shunichi Suzuki warns he’s ready to take action in the foreign exchange market after the yen fell further past ¥154 to the dollar.
BUSINESS / Markets
Apr 16, 2024
Japan’s tepid warning on yen fuels renewed weakness ahead of IMF
The finance minister’s comments come after the yen set a fresh 34-year low of ¥154.45 following stronger than expected U.S. retail sales figures.
Masato Kanda, vice finance minister for international affairs, says all options are on table after the yen fell past ¥153 to the dollar.
BUSINESS / Markets
Apr 11, 2024
Tokyo and Washington may be in sync, but the dollar-yen currency gap is growing
The yen slipped to its lowest level since 1990 — ¥153 against the dollar — while officials said they were examining their options.
A monitor in Tokyo shows the yen dropping to nearly ¥152 against the dollar on Wednesday morning.
BUSINESS / Markets
Mar 27, 2024
Yen slides to 34-year low, heightening talk of intervention
Although the Bank of Japan hiked rates for the first time in 17 years last week, the yen’s weakness has persisted.
Masato Kanda, vice finance minister for international affairs, is warning against speculative moves in the foreign exchange market as the yen continues to fall.
BUSINESS
Mar 25, 2024
Japan’s currency chief warns against speculative moves in market
"The current weakening of the yen is not in line with fundamentals and is clearly driven by speculation,” Masato Kanda said.
An electronic board shows the rate of the yen versus the U.S. dollar in Tokyo on Feb. 26.
BUSINESS / Markets
Mar 2, 2024
Yen’s carry-trade reign in flux as BOJ hints at policy shift
As speculation builds that the BOJ will change its path, so does the potential for the yen to strengthen.
A monitor in Tokyo shows the yen weakening past ¥150 per dollar late Tuesday night.
BUSINESS / Markets
Feb 14, 2024
Yen's slide past ¥150 per dollar prompts stern warnings from Japan
The yen has tumbled more than 6% versus the dollar so far in 2024.
The risks are particularly evident in Asia, home to some of the world’s worst-performing major currencies against the greenback.
BUSINESS / Economy
Jan 19, 2024
Dollar dominance is triggering intervention fears across markets
The greenback's recent spike is a reality check to investors betting on dollar weakness and for the authorities hoping for a respite.
The yen's exchange rate against the dollar on Wednesday. The yen declined from ¥103 against the dollar in 2020 to as little as ¥151 in late 2023.
COMMENTARY / Japan
Jan 11, 2024
Is a weak yen good for Japan’s economy?
The yen's fast depreciation is boosting overseas investment and sectors like tourism, but could also trigger inflation. In response, the BOJ should raise interest rates.
The Bank of Japan's headquarters in Tokyo. In 2023, the dollar surged from around ¥130 at the start of the year to above ¥151.90 in mid-November as the gap between U.S. and Japanese interest rates widened on the back of the U.S. Federal Reserve's rapid rate hikes to curb inflation.
BUSINESS / Markets
Dec 30, 2023
Dollar could fall to around ¥130 in 2024, analysts say
Six of eight analysts predict that the lower end of the greenback's range against the yen next year will be between ¥130 and ¥135.
After being whipsawed by false starts calling for the end of the Fed’s rate hiking regime, a Bloomberg gauge of the greenback is down nearly 3% since January in the steepest annual drop for the U.S. currency since 2020.
BUSINESS / Economy
Dec 29, 2023
U.S. dollar is set for worst year since 2020
The dollar’s fall stands in contrast to the pound, which is set for its best year since 2017.
The yuan's stealthy climb in global payments could see it pose a challenge to the U.S. dollar's dominance.
COMMENTARY / World
Dec 25, 2023
The yuan is finally showing some muscle in international trade
The yuan's stealthy climb in global payments could see it pose a challenge to the U.S. dollar's dominance.
The yen climbed by more than 1% against the dollar to the ¥140-range in Thursday trading.
BUSINESS / Markets
Dec 14, 2023
Yen gains over 1% as Fed pivots to rate cuts ahead of BOJ meeting
The Japanese currency surged past the four-month high of ¥141.71 reached last week amid dollar weakness due to dovish moves by the Fed.
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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