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December 22, 2024
 

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YEN

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.
Hedge funds have been consistently short the yen since 2021, according to CFTC, with the trade remaining popular in recent months on expectations that the BOJ’s pursuit of policy normalization will nonetheless remain accommodative.
BUSINESS / Markets
Mar 23, 2024
Hedge funds boost bearish yen bets after BOJ’s dovish hike
The yen fell more than 1% against the dollar following the conclusion of the central bank’s meeting Tuesday, and is now set for a second weekly drop.
BUSINESS / Markets
Mar 21, 2024
Nikkei scales record high; yen rebounds as Fed out-doves BOJ
The Nikkei marked a record closing high of 40,815.66, up more than 2% on the day, after also setting a fresh all-time intraday peak of 40,823.32.
The Bank of Japan's recent decision to abandon negative interest rates is seen more as a symbolic shift.
COMMENTARY
Mar 21, 2024
BOJ finally ditches negative rates, but this is no liftoff
It's the end of an era for the Bank of Japan as negative interest rates are phased out.
Call loan brokers at Tokyo Tanshi in Tokyo in November. After decades of setting its benchmark rate near zero, the Bank of Japan is poised to tighten, spurring new opportunities for veteran traders after decades of setting its benchmark rate near zero.
BUSINESS / Markets
Mar 17, 2024
Japan’s $4 trillion offshore funds will ignore first BOJ hike
Only 40% of 273 respondents said the BOJ's first interest-rate hike since 2007 will prompt investors to sell foreign assets and repatriate the proceeds.
Kazuo Ueda, governor of the Bank of Japan, speaks at a fintech summit in Tokyo on Tuesday.
BUSINESS
Mar 8, 2024
Bank of Japan leaning toward exiting negative rates in March
Many BOJ policymakers are closely watching the outcome of big firms' annual wage negotiations with unions on March 13.
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.
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.
Finance Minister Shunichi Suzuki (left) speaks with Prime Minister Fumio Kishida during a plenary session of the Lower House in Tokyo on Jan. 30.
BUSINESS / Economy
Feb 17, 2024
Japan finance chief eyes future rise in interest rates, report says
"The Bank of Japan holds jurisdiction over monetary policy. But there will be a phase when interest rates go up," Finance Minister Shunichi Suzuki said.
Bank of Japan Gov. Kazuo Ueda said Friday that the BOJ will examine the possibility of easing measures when price targets are met.
BUSINESS / Economy
Feb 16, 2024
BOJ's Ueda maintains pledge to review stimulus when inflation goal met
Data released on Thursday showed Japan's economy unexpectedly slipped into a recession in the final quarter of last year.
No politicians, government officials, bankers or business leaders have voiced strong opposition to Bank of Japan Gov. Kazuo Ueda's intention to put an end to the world’s last negative rate regime.
BUSINESS
Feb 14, 2024
Lack of political opposition opens way for BOJ rate hike
Bank of Japan Gov. Kazuo Ueda is in a rare sweet spot for such a move, in sharp contrast to the experiences of his BOJ predecessors.
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.
Japan’s latest growth figures are set to confirm it slipped to become the world's fourth-largest economy last year.
BUSINESS / Economy
Feb 13, 2024
Japan GDP set to confirm slip to world’s fourth-largest economy
Figures for the calendar year are almost certain to show the value of output falling behind Germany’s in dollar terms.
This year was set to be a tumultuous one for global markets, with unpredictable swings as economic fortunes diverge and voters in more than 50 countries go to the polls. But there’s one unforeseen reversal already underway: a change in perception among investors about China and Japan.
BUSINESS / Economy
Jan 26, 2024
As China’s markets stumble, Japan soars toward record highs
China has not struggled for economic growth like Japan, but a protracted property market collapse has shredded consumer and investor confidence.
Foreign tourists at a duty-free counter in a department store in Tokyo
BUSINESS
Jan 26, 2024
Duty-free sales at Japan department stores hit record high in 2023
The rise reflected the weak yen, as well as an increase in the number of foreign visitors to Japan.
BUSINESS / Markets
Jan 22, 2024
Japan's Nikkei scales 34-year peak on Wall Street record
The S&P 500 posted its first record-high close in two years, as AI fever drove big gains for chip shares and other heavyweight tech stocks.
COMMUNITY / Voices / FOREIGN AGENDA
Jan 15, 2024
All ¥500 coins that glitter are not gold
Twenty years on and the ¥2,000 note can almost certainly still be described as a “novelty" — what if the new ¥500 coin is destined for the same fate?
A screen displays the Nikkei 225 Stock Average figure on the trading floor at the Nomura Securities headquarters in Tokyo on Thursday.
BUSINESS / Markets
Jan 13, 2024
Tokyo stocks find their mojo as bubble-era highs draw nearer
The roaring start to 2024 looks to be on far more solid ground than last time stocks reached these levels as investors bet the country is escaping deflation.
The recent surge in the 225-issue Nikkei average has some strategists believing it could rewrite a new all-time high later this year.
BUSINESS / Markets
Jan 13, 2024
Surging Nikkei may top 40,000 this year, strategists say
The recent surge in the 225-issue Nikkei average has some strategists believing it could rewrite a new all-time high later this year and breach the 40,000 mark.
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.
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.
Ride-hailing restrictions to be eased during 2025 Osaka Expo
A venue for the 2025 Osaka Expo in the city of Osaka
Foxconn's interest in Nissan said to be on hold amid Honda merger talks
Foxconn’s pause in its pursuit of Nissan is the latest development in the unexpected emergence of two suitors for the ailing Japanese carmaker.
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.
With rare Asia carrier deployment, France seeks greater interoperability
The flight deck of the French Navy's Charles de Gaulle aircraft carrier during a stop at Changi Naval Base in Singapore in May 2019

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