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December 22, 2024
 

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YEN

People visit the Ameya Yokocho market in Tokyo's Ueno district during the Golden Week holiday on Tuesday.
BUSINESS
May 1, 2024
Weak yen fattens tourist wallets in Japan
Spending per head soared 52% over the first three months compared with 2019.
An analysis of the Bank of Japan's accounts suggests an intervention of about ¥5.5 trillion took place on Monday to prop up the yen.
BUSINESS / Markets
May 1, 2024
BOJ accounts suggest Japan intervened to support yen
The Bank of Japan said its current account will probably fall ¥7.56 trillion — much bigger than the drop of about ¥2.1 trillion estimated.
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.
Japan's government debt has grown to the equivalent of more than 250% of the nation’s economy, more than any of its peers.
BUSINESS / Economy
Apr 30, 2024
Japan’s debt dilemma may doom any FX intervention, Brooks says
The consequences have been a sharply weaker yen, which has lost more than a quarter of its value against the U.S. dollar since March 2022.
Japan's vice minister of finance for international affairs, Masato Kanda, poses for a photograph during an interview at the Finance Ministry in Tokyo in January 2022.
BUSINESS / Markets
Apr 30, 2024
Japan forex authorities ready '24 hours,' top currency diplomat Kanda says
Masato Kanda again declined to comment on whether the Finance Ministry had intervened to prop up the yen a day earlier.
The yen dropped to ¥160.245 per dollar on Monday before heading into the other direction to ¥155.01 amid speculation of an intervention by Japanese currency authorities.
BUSINESS / Markets
Apr 29, 2024
Yen rebounds strongly after first slide past ¥160 since 1990
Japan's top currency official declined to comment on Monday, when asked if authorities in Tokyo had intervened in the currency market to prop up the yen.
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.
A monitor shows the yen's sharp decline to ¥158 to the dollar on Saturday morning in Tokyo.
BUSINESS / Markets
Apr 27, 2024
Yen drops beyond ¥157 per dollar as BOJ keeps key rate unchanged
Japan’s currency weakened as much as 1.4% on the day and touched a session low of ¥157.79 per dollar in afternoon trading in New York.
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.
A woman walks past the Bank of Japan headquarters in central Tokyo on Friday.
BUSINESS
Apr 26, 2024
BOJ leaves policy unchanged despite yen’s continued weakness
Investors and market observers had been watching for whether the bank would send more hawkish signals to prop up the Japanese currency.
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 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.
The yen’s slide has pushed up import bills in Japan, keeping domestic consumer spending tepid, with analysts saying any gains in real wages may evaporate if the yen depreciates further.
BUSINESS / Economy
Apr 24, 2024
Investors loved weak yen boosting shares until it went too far
Concern is growing that the currency is becoming a liability for Japan’s economy and stocks.
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.
Bank of Japan Gov. Kazuo Ueda hasn’t ruled out responding to exchange rates with a policy move if the impact on prices is seen to be "non-negligible.”
BUSINESS / Economy
Apr 23, 2024
BOJ to hold rates with focus on hawkish signals to buoy yen
Gov. Kazuo Ueda and his fellow board members are set to keep the short-term rate around 0% to 0.1% at the end of their two-day policy meeting.
Finance Minister Shunichi Suzuki (from left), U.S. Treasury Secretary Janet Yellen and South Korean Finance Minister Choi Sang-mok hold a trilateral meeting at the Treasury Department in Washington on Wednesday.
BUSINESS / Markets / ANALYSIS
Apr 20, 2024
Political heat prods Japan and South Korea to team up on weak currencies
The matter is all the more urgent with Middle East tensions threatening to push up oil prices and accelerate cost pressures.
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.
The possibility of a deepening conflict between Israel and Iran suggests higher energy prices for energy import-dependent Japan, meaning more downward pressure for the yen.
BUSINESS / Markets
Apr 19, 2024
Oil poses more risks for yen as Japan depends on energy imports
Crude oil futures jumped on Friday following reports that Israel launched a missile strike on Iran.
Nippon Steel alleges undue White House influence on doomed deal review
U.S. President Joe Biden delivers remarks on the economy at the Brookings Institution in Washington on Dec. 10.
Record 78% of people in Japan feel anxious, government survey finds
The public opinion survey on people's lives, conducted by the Cabinet Office, found that 28.1% of respondents think that their standard of living is at a lower-middle level among the general public — the highest percentage to give that response in 35 years.
Police raided suspect's home to arrest him after fatal Kitakyushu stabbing
Broken window glass is seen at Masanori Hirabaru's house in Kitakyushu's Kokuraminami Ward.
Taiwan lawmakers brawl over bills that would 'damage democracy'
Lawmakers from the Democratic Progressive Party and opposition party Kuomintang brawl in parliament in Taipei on Friday.
Mother hopes for reunion with daughter ensnared by Tokyo host clubs
The Kabukicho district in Tokyo, where the daughter of a woman in her 60s fell deeply into the host club culture.
Casual workouts, cool living, ‘complete’ food: Japan’s health trends of 2024
In 2024, efficiency trumped effort among Japan's fitness-focused aspirants.
Japanese officials inspect Yokota Air Base over PFAS concerns
The Yokota Air Base in western Tokyo in September 2019. An inspection of the base by Japanese government officials on Friday came amid public pressure to investigate suspected links between the use of PFAS-containing firefighting foam by the U.S. base and contamination of soil and groundwater in western Tokyo.
Crime numbers rise in Japan for second straight year
A police officer stands in front of the residence of a man alleged to have stabbed two junior high school students in Kitakyushu.
A year of Oscar wins and a quiet push for diversity
Ryusuke Hamaguchi’s “Evil Does Not Exist,” released in Japanese theaters in April, sharply dramatizes the clash between rural and urban values. The film won five awards at the 2023 Venice Film Festival, including the second-place Silver Lion prize.
Curiosity didn’t kill the meme: Why cats still rule Japanese YouTube
A screen shot from YouTube user @lagelda shows the simplicity of going viral in Japan in 2024: A cat dancing to EDM in front of a green screen.

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