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November 22, 2024
 

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FINANCE MINISTRY

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.
The rate of the yen against the U.S. dollar is displayed in the trading room at foreign exchange brokerage Gaitame.com in Tokyo on Thursday.
BUSINESS / Markets
Apr 25, 2024
Yen inches closer to intervention point as BOJ meeting starts
For the first time in over 30 years, the yen weakened beyond ¥155 per dollar, sending traders on the alert for possible intervention.
An electronic board in Tokyo showing the yen-dollar rate on Wednesday
BUSINESS / Markets
Apr 24, 2024
Japan ‘very close’ to yen intervention, former top currency official says
Market reaction to U.S. data could encourage Japanese authorities to act about the yen, according to Mitsuhiro Furusawa.
Finance Minister Shunichi Suzuki speaks during a meeting with U.S. Treasury Secretary Janet Yellen and South Korean Finance Minister Choi Sang-mok on the sidelines of IMF and G20 meetings in Washington last week.
BUSINESS / Markets
Apr 23, 2024
Tokyo issues strong warning on yen intervention as currency dips further
Comments by Finance Minister Shunichi Suzuki came after the dollar rose to ¥154.85, its strongest levels against the Japanese currency since 1990.
About 60% of small and mid-sized companies plan to raise wages in fiscal 2024, a government survey shows.
BUSINESS / Economy
Apr 23, 2024
70% of Japan companies to raise pay-scales in FY 2024
Survey results showed that about 40% of firms were struggling with labor shortages even after raising wages.
Prime Minister Fumio Kishida speaks at a meeting for Noto Peninsula reconstruction at the Prime Minister's Office on Tuesday.
JAPAN
Apr 23, 2024
Japan OKs ¥138.9 billion in fresh spending over Noto quake
This will be the fourth round of spending from the state reserve funds for the quake-affected areas in central Japan.
Finance Minister Shunichi Suzuki speaks during an event in Washington on Thursday.
BUSINESS / Markets
Apr 20, 2024
Japan finance chief issues fresh warning on excessive yen moves
Finance Minister Shunichi Suzuki repeated his warning to investors against pushing down the yen too much.
Finance Minister Shunichi Suzuki speaks to reporters in Tokyo on Tuesday.
BUSINESS / Markets / ANALYSIS
Apr 17, 2024
Why hasn't Japan moved to prop up the weak yen?
Even though the yen has already far exceeded the level that prompted action in October 2022, an intervention seems far off.
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.
Finance Minister Shunichi Suzuki says authorities are watching exchange-rate moves closely and won't rule out any options.
BUSINESS / Economy
Apr 9, 2024
Japan warns against excessive volatility as yen slides near fresh lows
The yen briefly hit ¥151.840 to the dollar, within striking distance of the 34-year low of ¥151.975 marked last month.
The yen remains around the three-decade low in the ¥151 range against the dollar even after the Bank of Japan's interest rate hike.
BUSINESS / Markets
Apr 4, 2024
Why even the BOJ's historic rate hike has failed to revive the yen
Japan’s first interest rate hike in 17 years has failed to deliver the boost to the yen that policymakers had hoped for.
Former Vice Finance Minister for International Affairs Tatsuo Yamasaki previously warned of the possibility of a looming currency intervention two days before Japan entered markets in September 2022.
BUSINESS / Markets
Apr 3, 2024
Ex-finance official who warned of Japan's 2022 yen intervention sounds alarm
"Officials wouldn’t have issued such strong warnings unless they were prepared.” said Tatsuo Yamasaki, a former vice minister overseeing the yen.
Officials from the Finance Ministry, the Bank of Japan and the Financial Services Agency hold an emergency meeting over the yen at the ministry on Wednesday.
BUSINESS / Markets
Mar 29, 2024
Japan brought forward emergency yen meeting to maximize market impact, source says
Meeting like these are considered a sign Tokyo is moving closer to intervening in the currency market.
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.
Japan’s exports grew for a third consecutive month in February on the back of robust shipments of vehicles.
BUSINESS / Economy
Mar 21, 2024
Japan’s exports rise for third straight month led by autos
The economy is projected to record another small expansion in the current quarter, as the weak yen is expected to continue offering support to exporters.
Business sentiment among major Japanese companies in the January to March period deteriorated to record its first negative reading in four quarters.
BUSINESS / Economy
Mar 12, 2024
Big Japanese firms' sentiment shows first negative reading in four quarters
The business sentiment index for large companies stood at minus 0.018, according to the joint Finance Ministry-Cabinet Office survey.
Execs at four major Japanese insurers, including Tokio Marine & Nichido Fire Insurance, will take pay cuts over price fixing.
BUSINESS / Companies
Mar 1, 2024
Four general insurance firms punish 132 people over price-fixing
The four general insurers, including Tokio Marine & Nichido Fire Insurance, also submitted business improvement plans to the Financial Services Agency.
Masato Kanda, vice finance minister for international affairs (right), and Bank of Japan Gov. Kazuo Ueda (center) attend a G20 meeting of finance ministers and central bankers in Sao Paulo on Wednesday.
BUSINESS / Markets
Feb 29, 2024
Japan issues fresh warning against excessive yen moves
The warning by Masato Kanda, Japan's vice finance minister for international affairs, likely reflects Tokyo's desire to prevent further falls in the yen.
In early February, the Finance Ministry announced that government debt at the end of last year had reached a record high of ¥1.2 quadrillion.
JAPAN / Politics / FOCUS
Feb 27, 2024
With downfall of Abe faction, some see a shift in Japan’s debt debate
The faction has long promoted fiscal stimulus, but its demise combined with wider economic conditions could open up space for a different approach.
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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