The country did not execute a stealth intervention in September. Authorities kept silent over whether they intervened after September 22. Japan spent a record 6.35 trillion yen on currency intervention last month. Japan did not execute a stealth intervention in September and only entered the market to purchase yen for dollars on September 22, which … Read more
Markets are on high alert for any signs of intervention by central banks. The U.S. dollar index rose 0.05% to 113.04, following an almost 1% increase overnight. The yen has been on a losing streak for 11 consecutive sessions. The dollar loomed over its major rivals on Thursday, as Treasury yields reached multi-year highs and … Read more
The pound surged against the dollar to its highest level since September 22. The dollar fell against other major currencies as a result of UK’s tax cut reversal. The dollar fell against the offshore yuan of China, reaching a daily low of 7.0901. After Britain cancelled a plan to reduce the highest rate of income … Read more
The yen depreciated against the U.S. dollar to a new 24-year low. Loretta Mester stated that she expects the central bank to raise interest rates over 4 percent by the beginning of next year. Fast retailing dropped by 1.34 percent. Concerns are mounting among investors that the Federal Reserve’s rate hikes targeted at tamping down … Read more
The Japanese yen rises by nearly half a percent against the U.S. dollar. Ex-PM Shinzo Abe was taken to hospital after collapsing while delivering a speech. The euro is down more than 2% this week on fears that gas shortages loom in Europe and economic growth will suffer. The pound is on course for its … Read more
Japan is allowing a small number of tourists to enter the country after easing curbs in June. A record 32 million tourists visited in 2019 and spent some $38 billion. Japan’s opening up to mass tourism over the last decade brought an economic boost. The number of hotels that shut down nationwide rose to a … Read more
Japan’s core consumer inflation hit 2.1% for two straight months in May. The rise was due almost entirely to soaring energy prices, Governor Haruhiko Kuroda said. Core consumer inflation may stay around 2% for about a year. But is likely to slow to around 1% in the next fiscal year. The Bank of Japan BOJ … Read more
Japan’s farmers struggling as plunging yen drives up costs of imported feed, fuel and fertiliser. Farmer Kiyoharu Hirao worries his prized wagyu beef will be affected by extra rice added to feed mix. Rural discontent exposing fissures in ruling Liberal Democratic Party’s rural base. Japan’s farmers are a potent political force because the electoral system … Read more
Toyota, Nissan and others are shouldering more of the burden of soaring raw materials prices. They are extending other help to hard-hit parts makers, executives say. Piecesmeal support highlights potential disruption from the dramatic weakening of the yen, now at its lowest in two decades. For a really long time, Japan’s strong automakers had a … Read more
The yen fell to its lowest level versus the dollar since 1998 on Monday. Sky-high US inflation drives a growing monetary policy divide between Japan and the US. The Bank of Japan has said it will stick with its long-standing monetary easing programme. On Monday, the yen fell to its lowest level versus the dollar … Read more
The yen fell to a fresh 20-year low against the dollar on Monday, as red hot U.S. inflation data drove up Treasury yields. Central banks’ efforts to raise interest rates will remain in focus this week. The Federal Reserve and the Bank of England are expected to raise rates at their meetings. The yen tumbled … Read more
The yen has been weighed down by rising interest rates around the world. It is nearing the 135.20 per dollar mark, which would be its lowest since 2002. The euro was little changed at $1.07130 on Thursday, having moved very little this week. The yen dropped to a 20-year low on the dollar on Thursday, … Read more
The yen hit a new 20-year low versus the dollar on Wednesday. Brokers anticipated an European Central Bank meeting prone to let Japan be like peers. The ECB meets on Thursday and markets are anticipating that it should lay the foundation for fast rate increases, on the off chance that not start them with a … Read more
Japan’s yen hits a new 20-year low against the dollar. The Bank of Japan decides against raising interest rates to battle rising costs. London’s FTSE 100 falls as PM survives a vote of no confidence in the UK. Stock markets mainly fell on Tuesday, while the yen fell to a new 20-year low against the … Read more
The dollar climbed to 130.99 yen in early trade, a fresh one-month high. It is not far from last month’s 20-year peak of 131.34 yen after gaining 2.95% last week. The euro has also climbed on the Japanese currency and hit a seven-year high. The Japanese yen was on the back foot on Monday, in … Read more
The Nikkei 225 index rose 0.65 percent, or 178.09 points, to 27,457.89. The dollar fetched 129.25 yen, against 128.72 yen in New York late Tuesday. Consumer-sector shares rose on expectations for the normalization of economic activity. Tokyo stocks closed higher on Wednesday, with investors buying exporter shareholdings as the yen fell. The Nikkei 225 index … Read more
Government statistics showed that good exports in Japan saw a 26.2% growth in August from the prior year, starting recovering quickly from the first influence of the corona pandemic the previous year. An initial report by the finance ministry revealed that exports increased for the sixth successive month to 6.61 trillion yen (60 billion U.S.Dollars), … Read more
