Weak yen now the key to stronger currency and BOJ pivot later
An extended period of weakness could counterintuitively lay the ground for long-run strength should it help the BOJ boost growth and finally pivot from supereasy monetary policy.
Official behind last year’s ¥9.33 trillion yen intervention strategy reappointed
Masato Kanda has become just the fourth official in the past three decades to serve a third year as vice finance minister for international affairs, Finance Ministry documents show.
BOJ in spotlight as yen fall may prove a debilitating blow to Japan
Consumers are feeling the lagging effects of the yen's precipitous fall since last year, as companies continue to pass on higher import costs to consumers.
Japan to issue new banknotes in July 2024, marking first renewal in 20 years
The new ¥10,000 note will feature Eiichi Shibusawa, known as "the father of Japanese capitalism," while educator Umeko Tsuda will grace the ¥5,000 note.
Japan sees 1.9 million visitors in May, down from cherry blossom rush
Travelers from China, previously Japan's biggest tourist segment and the lifeblood of many retailers, grew 24% to 134,400 in June, though still far below 2019 levels.
Japan watching forex moves closely amid yen's fall, finance chief says
Finance Minister Shunichi Suzuki said the country will maintain close communication with the United States and other nations, and take "appropriate" steps regarding currency policy.
Tokyo stocks end at 33-year highs after BOJ keeps ultralow rates in place
The 225-issue Nikkei stock average ended up 220.59 points, or 0.66%, from Thursday at 33,706.08, its highest close since March 9, 1990, when Japan was experiencing an asset price bubble.
Yen falls to seven-month low as traders shift focus from Fed to BOJ
The U.S. Federal Reserve signaled it may have to raise interest rates further, fueling concern that the Bank of Japan’s ultraloose policy stance will fail to anchor the yen.
Japan and South Korea may discuss currency swap deal but caution lingers
The currency swap could be on the agenda at a bilateral finance dialogue that is expected to be held in Tokyo later this month.
Speculators boost yen shorts to most in a year as currency slips
While the interest rate differential has underscored the divergence in monetary policy and weighed on the yen, some strategists call it undervalued and suggest a reverse in the trend.
Japan stocks extend rally as Nikkei 225 hovers at 1990 high
The Nikkei stock index advanced as much as 1.2% to 30,924.57, putting the blue-chip gauge at the highest intraday level since August 1990.
Netflix and Amazon addiction turns into ‘digital deficit’ and hassle for the yen
The deficit from spending on such services reached ¥4.8 trillion last year, almost 90% of Japan’s services account deficit.
