Tag - yen

 
 

YEN

Japan Times
BUSINESS
Jun 13, 2022
Yen tumbles to lowest since 1998, sparking Kuroda warning
The yen has tumbled almost 15% this year, making it the worst-performing major currency.
Japan Times
BUSINESS / Markets
Jun 11, 2022
U.S. keeps Japan on currency monitoring list and warns against intervention
The U.S. Treasury Department said that Japanese foreign exchange intervention should only take place in 'very exceptional' cases amid the rapid weakening of the yen against the U.S. dollar.
Japan Times
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
Yen a whisker away from hitting 2002 low of ¥135.15 to the dollar
The relentless climb in oil prices is also weighing on the yen because of Japan's position as an energy importer.
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 8, 2022
BOJ Gov. Haruhiko Kuroda apologizes after comment on inflation 'tolerance'
Kuroda clarified that he made the comments in the context of the 'growing need for wage increases.'
Japan Times
BUSINESS
Jun 8, 2022
Tumbling yen spells inflation opportunity for Bank of Japan
The cost-push inflation the weaker yen is amplifying likely offers Japan its best chance to secure stable inflation in years.
Japan Times
BUSINESS / Markets
Jun 7, 2022
Yen touches ¥133 against dollar in Tokyo, trading at 20-year low
Traders have flocked to sell the Japanese currency for the U.S. dollar on speculation of further widening between the two countries' interest rates.
Japan Times
BUSINESS / Economy
Jun 7, 2022
Japan's household spending falls as rising costs squeeze consumers
Spending improved from the previous month as households showed increasing appetite for services such as eating out, but the month-on-month rise was smaller than expected.
Japan Times
BUSINESS
Jun 6, 2022
Monetary tightening not 'suitable' at all, BOJ chief Kuroda says
Even though core consumer inflation jumped 2.1% in April from a year earlier, it does not mean the BOJ's 2% inflation target has been achieved, Kuroda said.
Japan Times
JAPAN / Regional Voices: Okinawa
May 30, 2022
How ¥54 billion in cash was taken to Okinawa ahead of reversion
The operation took two days — moving 80 containers on May 2 and another 81 containers the following day — to move all the cash to the Bank of Japan's Naha vault.
Japan Times
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.
Japan Times
BUSINESS
May 27, 2022
Tokyo inflation’s failure to gain speed aids BOJ’s stance
Consumer prices excluding fresh food climbed 1.9% in May from a year before as the impact of accelerating processed food prices was canceled out by smaller gains in energy costs.
Japan Times
BUSINESS / Economy
May 21, 2022
Japan and Europe tread different paths as G7 warns of inflation risks
Bank of Japan Gov. Haruhiko Kuroda repeated his dovish mantra on Friday, saying the recent cost-push inflation will be short-lived and will not warrant withdrawing stimulus.
Japan Times
BUSINESS
May 20, 2022
Japan's 'Mr. Yen' says currency may weaken to ¥150 level last seen in 1990
The former official said the contrast between a hawkish Federal Reserve and the Bank of Japan's loose monetary policy remains the single biggest driver of the yen's weakness.
Japan Times
BUSINESS
May 20, 2022
Japan, guarding against weaker yen, urges G7 to reaffirm forex agreement
The yen's recent declines to two-decade lows have been a source of concern for Japanese policymakers, as they inflate the already rising cost of fuel and raw material imports.
Japan Times
BUSINESS / Economy / ANALYSIS
May 19, 2022
BOJ's dovish isolation draws public heat ahead of leadership change
Opposition lawmakers are grilling the BOJ regularly for allowing the currency to weaken and push up living costs, putting Prime Minister Fumio Kishida in a tight spot.
Japan Times
BUSINESS / Economy
May 19, 2022
Japan Inc. turns against BOJ's monetary stimulus, survey shows
This year's rapid slide in the yen to a two-decade low has jacked up prices of fuel and raw materials imports, lifting corporate costs.
Japan Times
BUSINESS
May 16, 2022
Japan's wholesale prices jump by record 10% as energy costs soar
The gain followed a revised 9.7% increase in March, and was higher than a median market forecast for a 9.4% increase.
Japan Times
BUSINESS
May 13, 2022
Weak yen helps Honda’s annual profit but fails to lift outlook
While the weaker yen has long been considered a boon for Japan's blue-chip exporters, it's now starting to damage Japanese automakers as material costs inflate for importers.

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