Tag - finance-ministry

 
 

FINANCE MINISTRY

BUSINESS
Oct 7, 2022
Japan's foreign reserves see record drop from market shakeup and forex intervention
Yen-buying, dollar-selling intervention has been rare in Japan which has long counted on exports of cars and electronics as a key driver of economic growth.
Japan Times
BUSINESS / Markets
Sep 30, 2022
Japan spent ¥2.84 trillion in September intervention to prop up yen
Despite an initial gain of more than 3.5% in the yen against the dollar, the surprise move hasn't reversed the currency's weakening trend.
BUSINESS
Sep 26, 2022
Japan finance chief reaffirms readiness to respond to yen speculation
The remark came after the government's decision Thursday to intervene in the currency market to stem yen weakness, by selling dollars and buying yen for the first time since 1998.
BUSINESS
Sep 14, 2022
Yen rallies on reports of a BOJ precursor to intervention
Japan's currency rose more than 1% to around the u00a5143 level against the dollar after falling to u00a5144.96 early in the Asian session.
Japan Times
BUSINESS / ANALYSIS
Sep 12, 2022
As yen plunges, Japan ponders how to stop it falling further
The Bank of Japan will play a key role in shaping the currency's trajectory, but the government's ability to directly intervene is limited.
Japan Times
BUSINESS
Jul 15, 2022
Japan’s finance chief flags sudden yen slide at G20 meet
Finance Minister Shunichi Suzuki, speaking on the sidelines of a Group of 20 meeting in Indonesia, voiced his concern over the yen’s sudden drop on the back of some speculative moves.
Japan Times
BUSINESS
Jun 23, 2022
Yen strengthens after ex-forex czar’s intervention remark
'Unilateral intervention shouldn't be eliminated as a possibility,” said Takehiko Nakao, while flagging that the hurdle for gaining support from abroad was high.
BUSINESS
Jun 10, 2022
Japan closer to intervention on yen after government and central bank joint statement
'We have seen sharp yen declines and are concerned about recent currency market moves,' the Finance Ministry, BOJ and the Financial Services Agency said in a joint statement.
Japan Times
BUSINESS / Economy
Jun 9, 2022
BOJ’s rock-bottom rates are crucial for Kishida’s spending plans
The prime minister has signed off on changes to an annual fiscal policy plan that loosen rather than tighten the corset constraining the nation's spending plans.
Japan Times
BUSINESS
Jun 1, 2022
Japan tweaks budget goal wording to gain more fiscal flexibility
Japan's target of balancing its budget excluding debt payments by 2025 had long seemed unlikely, even by the government's own growth projections.
Japan Times
BUSINESS
Jun 1, 2022
Manufacturers led the way for Japan's first quarter 3% corporate expenditure rise
Firm business expenditure could raise hopes for policymakers counting on cash-rich Japanese corporations to splurge on investment in plants and equipment.
BUSINESS
May 27, 2022
Helped by weak yen, Japan remains top creditor nation with record net external assets
A weak yen — it lost about 11% against the dollar last year — boosted the value of foreign assets held by the Japanese government, businesses and individuals.

Longform

Sumadori Bar on Shibuya Ward's main Center Gai street targets young customers who prefer low-alcohol drinks or abstain altogether.
Rethinking that second drink: Japan’s Gen Z gets ‘sober curious’