Business Topics

Dec 11, 2014

China woes send dollar below ¥118

The dollar dropped to levels around ¥118 in Tokyo trading on Thursday in a continued pullback after hitting a seven-year high just below ¥122 earlier this week. At 5 p.m., the dollar stood at ¥117.92-93, down from ¥119.08-08 at the same time Wednesday. The ...

Dec 9, 2014

Fitch places Japan credit on 'Rating Watch Negative'

Fitch Ratings on Tuesday placed Japan’s sovereign credit on “Rating Watch Negative,” warning that the delay in the next consumption tax increase puts the government’s long-term objective of reducing the national debt at risk. The warning came a week after Moody’s downgraded Japan’s credit ...

| Dec 9, 2014

Dollar slides below ¥120 mark in Tokyo

The dollar slid below ¥120 in Tokyo trading on Tuesday, as position-adjustment selling erupted following its recent sharp ascent to levels near ¥122. At 5 p.m., the dollar stood at ¥119.67-67, down from ¥121.34-35 at the same time on Monday. The euro was at ...