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July 16, 2024
 

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YEN

The yen extended gains Tuesday after the Bank of Japan indicated it will reduce monthly buying of superlong government bonds.
BUSINESS / Markets
Jan 9, 2024
Yen rises after BOJ indicates cut in superlong bond buying
The BOJ bought ¥150 billion ($1.04 billion) of 10-to-25 year debt on Tuesday.
A damaged vehicle under a collapsed house following an earthquake in Nanao, Ishikawa Prefecture, on Tuesday. Speculation that the Bank of Japan might shift its policy this month is receding, as the central bank has to assess the adverse impact from the Noto Peninsula disaster on the economy.
BUSINESS / Economy
Jan 5, 2024
Yen falls as earthquake raises bar for BOJ to end negative rates
While speculation about a January tweak is receding, many still expect an end to negative rates in April, or later in 2024.
A line of travelers on a shinkansen platform at JR Tokyo Station on Friday
BUSINESS / Economy
Dec 31, 2023
Inflation and weak yen hit Japan's appetite for holiday spending
More than half of the respondents to a survey said they would cut seasonal spending.
The Bank of Japan's headquarters in Tokyo. In 2023, the dollar surged from around ¥130 at the start of the year to above ¥151.90 in mid-November as the gap between U.S. and Japanese interest rates widened on the back of the U.S. Federal Reserve's rapid rate hikes to curb inflation.
BUSINESS / Markets
Dec 30, 2023
Dollar could fall to around ¥130 in 2024, analysts say
Six of eight analysts predict that the lower end of the greenback's range against the yen next year will be between ¥130 and ¥135.
Hideki Kuriyama, who guided Samurai Japan to the World Baseball Classic title in March, rings a bell during a ceremony marking the end of trading in 2023 at the Tokyo Stock Exchange on Friday.
BUSINESS / Markets
Dec 29, 2023
Japanese stocks post best yearly gain since Abenomics jolt
The benchmark Topix posted an annual return of 25%, and the 225-issue Nikkei average rallied 28%. That’s the best performance for both gauges since 2013.
Foreign tourists take pictures of an Enoshima Electric Railway train near a railroad crossing in Kamakura, Kanagawa Prefecture, in October.
JAPAN
Dec 20, 2023
Visitors to Japan in January-November period pass 20 million
The number of foreign visitors, mainly from South Korea, Taiwan and the United States, is steadily recovering on the back of a cheap yen.
Market players see the yen rallying next year as the Bank of Japan exits the world’s last negative interest rate regime and its global peers cut borrowing costs.
BUSINESS / Markets
Dec 18, 2023
2023's big currency flop is top pick for year ahead, again
The BOJ's expected unwinding of its ultraeasy monetary policy and the prospects of lower borrowing costs elsewhere set the stage for the yen to rebound.
Bank of Japan Gov. Kazuo Ueda, who took office in April, has been considered a skeptic of negative interest rates.
COMMENTARY / Japan
Dec 17, 2023
One small step for BOJ. One giant leap for the yen.
Japan can hold off on undoing negative interest rates
The yen climbed by more than 1% against the dollar to the ¥140-range in Thursday trading.
BUSINESS / Markets
Dec 14, 2023
Yen gains over 1% as Fed pivots to rate cuts ahead of BOJ meeting
The Japanese currency surged past the four-month high of ¥141.71 reached last week amid dollar weakness due to dovish moves by the Fed.
Members of an experts' panel on a central bank digital currency hold their first meeting, at the Finance Ministry in April.
BUSINESS
Dec 13, 2023
Panel urges preparations for a digital yen that coexists with cash
The Bank of Japan has launched a pilot program to study the feasibility of implementing such a currency.
Samples of new Japanese banknotes scheduled to be issued from July 3, 2024
JAPAN
Dec 12, 2023
Japan to issue redesigned banknotes on July 3
Even after the new bills begin circulating, the current banknotes will remain legal tender.
A monitor at a foreign exchange transaction firm in Tokyo shows the yen strengthening to ¥141 to the dollar early Friday. Comments from BOJ Gov. Kazuo Ueda on Thursday, along with remarks from one of his deputies on Wednesday, jolted financial markets in Tokyo and globally.
BUSINESS / Markets
Dec 8, 2023
Yen extends rally to second day as traders bet on early BOJ hike
The rally in the yen spilled over into a second day as traders wagered that the Bank of Japan will scrap the world’s last negative interest-rate regime much sooner than previously thought.
Core consumer prices in Japan rose 2.9% in October from a year earlier, staying above the Bank of Japan's 2% target for the 19th straight month as products seeing price hikes continued to broaden.
BUSINESS
Nov 24, 2023
Japan inflation quickens, clouding price outlook for BOJ
A weak yen has been a key driver behind high import costs, as it has stayed near a 33-year low against the dollar in recent months.
Pedestrians walk past stores in the Koenji district in Tokyo on Oct. 29.
BUSINESS
Nov 23, 2023
Personal shopping services in Japan buoyed by weak yen
Shoppers who cannot physically be in Japan are outsourcing their hunt for bargains to remote shopping services.
A resurgence in market activity has already helped to boost earnings at Barclays’ Japanese securities arm this year, which is likely to surpass 2022’s record profit of ¥15.1 billion.
BUSINESS
Nov 20, 2023
Barclays expects bumper Japan profit amid struggles elsewhere
The British bank is expecting another year of record profit in Japan on the back of the country’s debt and rates market trading resurgence.
Pacific Investment Management headquarters in Newport Beach, California. The bond giant says it has started building a long yen position.
BUSINESS
Nov 20, 2023
Pimco is buying yen to prepare for tighter BOJ monetary policy
The bond giant started building a long yen position when Japan’s currency weakened past ¥140 per dollar a few months ago.
Deputy Finance Minister Ryosei Akazawa speaks to reporters on Monday.
BUSINESS / Markets
Nov 17, 2023
Specific yen level not used to decide intervention, official says
"We won't intervene just because the yen is weakening," Deputy Finance Minister Ryosei Akazawa told parliament.
People pass an electronic board showing the rate of the yen against the dollar on a street in Tokyo on Wednesday.
BUSINESS
Nov 15, 2023
Former currency czar sees structural factors behind yen weakness
"I wonder whether overseas investors may be thinking what's in it for investing in Japan," said Rintaro Tamaki.
Mitsubishi UFJ Financial Group announced a $2.6 billion share buyback program after fiscal second-quarter profit tripled.
BUSINESS
Nov 14, 2023
Japan’s largest banks to buy back shares after profits soar
Japan’s biggest banks have unveiled plans to boost shareholder returns after posting record first-half profits, thanks in part to a cheaper yen.
Honda raised its full-year net profit forecast to ¥930 billion.
BUSINESS / Companies
Nov 9, 2023
Honda and Nissan hike full-year forecasts
The car giants, however, also pointed out that fierce price competition in China was posing a challenge for Japanese automakers.
Bloodied Trump survives assassination attempt at political rally
Former U.S. President Donald Trump is surrounded and evacuated by Secret Service agents at a campaign rally in Butler, Pennsylvania, on Saturday. Trump was rushed off stage at the rally after shots rang out.
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
The neurological disorder that 'kills culture'
Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
Amid same-sex marriage ban, LGBTQ couples opt for 'photo weddings'
A lesbian couple, consisting of a 35-year-old woman (left) and 40-year-old woman, cover their faces with bouquets as they pose for wedding photos in Yokohama on Nov. 1.
China and Russia conduct joint Pacific military patrol
The Russian corvette Gromkiy enters the Chinese port of Zhanjiang as part of a joint China-Russia naval exercise on Saturday.
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
After Trump shooting, U.S. presidential race might take a violent turn
United States Secret Service Counter Snipers stand guard on a rooftop during a campaign rally for U.S. President Donald Trump in Avoca, Pennsylvania, in 2020.
No AC this summer? No problem (for me).
Think air conditioning is a requirement for a Tokyo summer? Think again.
She’s paying ¥1 million to help behind the scenes at the Paris Olympics
Mai Tarumi, who previously volunteered at the postponed Tokyo Olympics in 2021, has a travel budget of ¥1 million for her trip to volunteer at the Paris Games.
How to tweak your diet when temperatures spike
Most people think of hydration as a strictly liquid-based concept, but eating foods with high water content is an essential part of making it through a Japanese summer unscathed.

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Longform

Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
The neurological disorder that 'kills culture'
By Tomoko Otake

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