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December 21, 2024
 

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YEN

Bank of Japan Gov. Kazuo Ueda speaks at a news conference in Osaka on Tuesday.
BUSINESS / Economy
Sep 26, 2024
Small rate hike unlikely to hurt economy, BOJ policy board noted in July
The move came as a surprise and caused roller-coaster fluctuations in stock and currency markets.
The Bank of Japan headquarters in Tokyo. Analysts polled ahead of Friday were in agreement that the BOJ would choose not to make any rate adjustments.
BUSINESS / Economy
Sep 20, 2024
Bank of Japan leaves rates unchanged as Ueda signals pause
The central bank on Friday kept the uncollateralized overnight call rate steady at 0.25% following a two-day meeting of its Policy Board.
Japan's export growth slowed sharply in August as shipments to the United States dropped for the first time in three years.
BUSINESS / Economy
Sep 18, 2024
Japan’s export growth slows as external demand moderates
Imports climbed 2.3%, falling short of the 15% gain forecast by economists, with trade deficit widening to ¥695.3 billion.
The Bank of Japan is holding its policy board meeting this week.
BUSINESS / Economy
Sep 17, 2024
Japan set to hold rates steady as yen rallies and LDP candidates stump
A rate hike by the Bank of Japan right after an expected cut by the Federal Reserve would cause more turbulence, UBS Securities' chief Japan economist says.
The yen has gained more than 4% this month versus the dollar amid expectations the U.S. Federal Reserve will start cutting interest rates this week.
BUSINESS / Markets
Sep 17, 2024
Hedge funds start to split on long-yen trades before Fed and BOJ meets
Some short-term funds locked in profits ahead of the monetary policy decisions this week, while others are looking to increase their long-yen positions.
Then yen strengthened on Monday beyond ¥140 per dollar ahead of a Federal Reserve policy meeting this week that is widely expected to see officials cut interest rates.
BUSINESS / Markets
Sep 16, 2024
Yen strengthens beyond ¥140 per dollar for first time since 2023
The currency appreciated as much as 0.6% versus the dollar to ¥139.96 on Monday, its strongest level since July last year.
The Bank of Japan headquarters in Tokyo. Some 53% of economists surveyed by Bloomberg said the earliest timing for a rate change would be in October.
BUSINESS / Economy
Sep 13, 2024
Over half of BOJ watchers see next rate hike coming in December
The survey results show most analysts believe the market ructions after the July 31 rate hike didn't derail the BOJ from the normalization path.
Looming interest-rate cuts by the Federal Reserve and a new hawkishness on the part of the Bank of Japan can make a claim for the yens recent movements.
COMMENTARY / Japan
Sep 13, 2024
Epic yen rally is a lesson in the lost art of FX intervention
Japan's own proactive currency interventions have played a crucial role in the yen's recent recovery.
The dollar fell to an eight-month low in Tokyo trading Wednesday morning, after a Bank of Japan policymaker signaled a willingness to raise interest rates further.
BUSINESS / Markets
Sep 11, 2024
Yen leads gains versus dollar as traders weigh BOJ and U.S. debate
The yen has been in a broad appreciation trend since hitting a multi-decade low of ¥161.95 on July 3.
Global investors are expecting the yen may rise further since the Bank of Japan raised interest rates in July.
BUSINESS / Markets
Sep 10, 2024
Yen rally prompts an unwind of hedges in Japanese stocks but investors wary of earnings hit
Expectations that the yen may strengthen further have prompted strategists to recommend unwinding currency hedges on Japanese shares that have outperformed peers.
A monitor in Tokyo shows the Nikkei stock average tumbling on Monday morning.
BUSINESS / Markets
Sep 9, 2024
Tech leads Nikkei decline but yen's retreat caps losses
The drop follows a sell-off in U.S. equities on Friday, after monthly U.S. payroll figures confirmed that the jobs market was losing momentum.
Wealthy Chinese shoppers are buying luxury goods in Japan to take advantage of favorable exchange rates, which is hurting European luxury brands' profitability.
COMMENTARY / Japan
Sep 8, 2024
Big Luxury frets that China is turning Japanese
Wealthy Chinese shoppers are buying luxury goods in Japan to take advantage of favorable exchange rates, which is hurting European luxury brands' profitability.
Alimentation Couche-Tard’s takeover bid for Seven & I already faces a potential funding problem, but the yen's recent rise puts another hurdle.
BUSINESS / Companies
Sep 5, 2024
Strong yen adds to challenge for Couche-Tard’s Seven & I bid
The buyout already faces questions in terms of potential funding and the target’s efforts to seek government protection.
In the first quarter of fiscal 2024, the combined profits at both the manufacturing and nonmanufacturing sectors marked record highs.
BUSINESS / Companies
Sep 3, 2024
Japanese companies mark record combined profits in April-June
Nonfinancial companies' internal reserves at the end of fiscal 2023 grew 8.3% from a year earlier, topping ¥600 trillion for the first time.
Concern about the yen strengthening might limit the Bank of Japan's room for maneuver.
BUSINESS / Economy
Sep 2, 2024
Yen calling the shots as BOJ mulls rate increase
Analysts are concerned that the BOJ is at risk of going too far with its rate hikes and that the currency is close to being too strong.
Used cars are sold at high prices at a dealership in Nagoya as a surge in export demand has reduced supply on the domestic market.
BUSINESS / Companies / Regional voices: Chubu
Sep 2, 2024
Japanese businesses grapple with exchange rate swings
For the used car sector, the weaker yen has resulted in buyers being forced to pay higher prices due to increased export demand.
An electric stock board displays the rate of the yen against the U.S. dollar at the Tokyo Stock Exchange in early August.
BUSINESS / Markets
Aug 31, 2024
Yen’s rapid advance pressures earnings once thought easy to beat
With stronger signals coming from the Bank of Japan and Federal Reserve, the yen has gained 3.5% against the dollar since the end of July.
Despite the challenges, including sluggish consumption and market volatility, the Bank of Japan's recent policy adjustments reflect a strategy aimed at ensuring a stable path toward its inflation goals.
COMMENTARY / Japan
Aug 30, 2024
BOJ’s recent policy changes highlight a shift toward global monetary practices
The BOJ's approach is influenced by global financial regulations and aims to balance market stability with effective monetary policy.
Bank of Japan Deputy Governor Ryozo Himino
BUSINESS / Economy
Aug 28, 2024
BOJ deputy governor sees rate hike justified if outlook realized
Bank of Japan Deputy Gov. Ryozo Himino's comments underscore the central bank's basically unchanged stance following ructions in the financial markets.
The yen traded in the 143 range against the dollar on Monday, a three-week high.
BUSINESS / Markets
Aug 26, 2024
Dollar sinks against the yen, hovers near 2½-year low to sterling
The U.S. dollar also hovered near its lowest in 13 months against the euro.
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.
A year after going private, structural reforms bearing fruit for Toshiba
Toshiba's Corporate Senior Executive Vice President Koji Ikeya speaks during an interview in Tokyo on Monday.
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.
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.
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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