Business Topics

| Aug 5, 2014

Dollar hovers around ¥102.50

The dollar drifted narrowly around ¥102.50 on Tuesday due to a lack of fresh trading incentives following last week’s major economic events, including the release of U.S. gross domestic product and jobs data. At 5 p.m., the dollar stood at ¥102.56-58, little changed from ...

| Aug 4, 2014

Tokyo stocks drop on weak Wall Street

Stocks slumped moderately Monday, weighed down by selling triggered by weaker New York equities late last week, but their downside was solid thanks to buying on dips. The Nikkei 225 average lost 48.61 points, or 0.31 percent, to end at 15,474.50. On Friday, the ...

Aug 4, 2014

Japan's monetary base touches another record high

The monetary base grew 42.7 percent in July from a year earlier to ¥243.11 trillion, reaching a fresh record high on the Bank of Japan’s aggressive monetary easing to boost the economy, data released by the central bank showed Monday. The average daily balance ...

| Aug 1, 2014

Dollar nears ¥103 on U.S. hopes

The dollar gained further ground in trading Friday, rising to near ¥103 thanks to hopes for a U.S. economic recovery. At 5 p.m., the dollar stood at ¥102.94-95, up from ¥102.85-86 at the same time Thursday. The euro was at $1.3378-3380, down from $1.3395-3396, ...