Jun 21, 2016

Aso worried by yen's moves but rules out early intervention

Finance Minister Taro Aso said Tuesday the government will not rush to weaken the yen, although sharp swings in the currency markets are “undesirable.” “Regarding currency intervention, we will not do it so easily,” Aso told a news conference. He added, any action the ...

| May 26, 2016

Buybacks bring dollar to ¥110

Thanks to a bout of buybacks, the dollar recouped most of its early losses to move around ¥110 in Tokyo trading late Thursday. At 5 p.m., the dollar stood at ¥110.02-03, almost unchanged from ¥110.03-03 at the same time Wednesday. The euro was at ...